This unit is available for these qualifications:
Unit Description
This unit provides a holistic view of business law and explores its role in modern Australian corporate life, ensuring that students know the law itself and how the law interacts with other aspects of business. You will gain an in-depth understanding of the increasingly complex, competitive, and global business environment, learning the relevant laws and processes of contract creation and mastering the skill of high-level contract negotiation.
Prerequisites
There are no prerequisites for this unit.
Learning Outcomes
- Demonstrate a high order of critical thinking skills in reviewing the creation, operation (including remedies) and ending of a commercial contract, explaining its key terms, and its role in leadership and management
- Critically evaluate a range of contractual disputes and consider dispute resolution or legal remedy options
- Critically analyse the effect of contract-related laws that affect a contract, including the Australian Consumer Law and agreements that reduce competition
- Critically examine the effect of various commercial laws that can affect a contract, including negligence, intellectual property, tender, agency, insurance, and corporation law
- Predict when courts will intervene when the requirements of a contract have not been satisfied, including when lawyers will need to be engaged and how a case needs to be prepared
- Critically review commercial contracts for legal risks and issues that can affect their legal and commercial viability
- Develop flexible and creative approaches to applying knowledge and skills to new situations, identifying and resolving issues and thinking rigorously and independently
Graduate Attributes
AIM Business School has identified a set of attributes that positively impact graduates’ success in business as a manager and leader and these are taught, developed, and assessed to varying degrees in this unit. These Graduate Attributes are:
- Strives for intellectual rigour
- Understanding the changing global context
- Manages for success
- Demonstrates effective communication and interpersonal skills
- Develops mastery of business and management disciplines
- Strives to be a continuous adult learner
Assessment Tasks
The successful completion of Business Law relies on the submission of three assessments:
- Assessment Task 1: Case Study - Advice by a solicitor (40%)
- Assessment Task 2: Review and Analysis of a Contract (45%)
- Assessment Task 3: Self-Reflective Assessment (15%)
