Fundamentals of Business Law Study map

Supplementarydocument

Web link

Activity

Check yourunderstanding

Study guide

• Scheduling your exam appointment

• Foundation exams rules and regulations

• Preparing for Foundation exams

• Learning objectives• Frequently asked questions• Additional learning support

Using your study guide

Using your ePub study guide

• Study guide (PDF)• Study guide (ePub)

Chapter overview—Module 1

Study time proportion: 15%

BEFORE YOU BEGIN

MODULE 2

MODULE 1

MODULE 3

MODULE 5

MODULE 7

• Scheduling your exam appointment

• What to expect on the day of your exam

• Accessing and understanding your results

What to expect on the day of your exam

Exam tutorial

• Pearson VUE On-screen calculator

• On-screen exam tools

EXAM PREPARATION

MODULE 4

MODULE 6

MODULE 8

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2 | FUNDAMENTALS OF BUSINESS LAW

Detailed study session planningRecommended

study time Done

Before you begin

— Scheduling your exam appointment 10 mins

— Foundation exams rules and regulations 20 mins

— Preparing for Foundation exams 20 mins

— Learning objectives 10 mins

— Frequently asked questions 20 mins

— Additional learning support 5 mins

— Using your study guide 5 mins

— Using your ePub study guide 10 mins

— Study guide—Introduction 20 mins

Total 2 hrs

Notes:

STUDY MAP | 3

Recommended study time Done

Study session Module 1—Australian legal systems and processes

— Audio: Chapter overview—Module 1 10 mins

— Study guide—Before you begin 55 mins

1 Study guide—Concepts of national and international law 1.5 hrs

2 Study guide—Legal systems 1 hr 15 mins

3 Study guide—Sources of law 4 hrs

4 Study guide—Legislation 1 hr 15 mins

5 Study guide—Statutory interpretation 1 hr 45 mins

6 Study guide—Subordinate legislation 30 mins

7 Study guide—Case law and precedent 2 hrs 20 mins

8 Study guide—Court-based adjudication 2 hrs 20 mins

9 Study guide—Alternative dispute resolution (ADR) 1 hr 20 mins

— Study guide—Quick revision questions 40 mins

Total 18 hrs

Notes:

Study session Module 2—Contract law

— Study guide—Before you begin 1 hr

1 Study guide—The essentials of a contract 3 hrs

2 Study guide—Offer 4 hrs

3 Study guide—Acceptance 3 hrs 20 mins

4 Study guide—Consideration 4 hrs

5 Study guide—Intention to create legal relations 2 hrs

6 Study guide—Contract terms 1 hr 25 mins

7 Study guide—Express terms and implied terms 1 hr 25 mins

8 Study guide—Conditions and warranties 1 hr

9 Study guide—Exclusion clauses 4 hrs

10 Study guide—Breach of contract 1 hr 25 mins

11 Study guide—Remedies 2 hrs 25 mins

Total 30 hrs

Notes:

STUDY MAP | 5

Study session Module 3—Torts

1 Study guide—Tort and other wrongs 2.5 hrs

2 Study guide—The tort of negligence 45 mins

3 Study guide—Duty of care 2.5 hrs

4 Study guide—Causation and remoteness of damage 1 hr 45 mins

5 Study guide—Defences to negligence 1.5 hrs

6 Study guide—Consumer protection under ACL 1 hr 45 mins

Total 12 hrs

Notes:

Study session Module 4—Non-corporate business structures

1 Study guide—Sole trader 2 hrs 10 mins

2 Study guide—Partnerships 2 hrs 45 mins

3 Study guide—Associations 2 hrs 45 mins

4 Study guide—Types of trust 5 hrs

5 Study guide—Parties to a trust 5 hrs

6 Study guide—Trust establishment and maintenance 2 hrs 10 mins

7 Study guide—Vesting 45 mins

8 Study guide—Corporate trustees 45 mins

9 Study guide—Trading trusts 45 mins

Total 24 hrs

Notes:

STUDY MAP | 7

Study session Module 5—Incorporation and its effects

1 Study guide—A company’s legal identity 20 mins

2 Study guide—Separate legal personality 50 mins

3 Study guide—Limited liability of members 30 mins

4 Study guide—Types of company 1 hr 15 mins

5 Study guide—Role of promoters in forming a company 20 mins

6 Study guide—Pre-registration expenses and contracts 30 mins

7 Study guide—Company formation procedures 30 mins

8 Study guide—A company’s constitution 1 hr 45 mins

9 Study guide—Company objects and capacity 20 mins

10 Study guide—The constitution as a contract 30 mins

Total 8.5 hrs

Notes:

Study session Module 6—Management of companies

1 Study guide—Agency theory and principles of corporate governance 30 mins

2 Study guide—Agency formation and authority 1 hr 15 mins

3 Study guide—Agency relationships 15 mins

4 Study guide—The role of directors and other company officers 45 mins

5 Study guide—Powers of directors 40 mins

6 Study guide—Duties of directors 1 hr

7 Study guide—Remuneration of directors 25 mins

8 Study guide—Appointment, removal and disqualification of directors 1.5 hrs

9 Study guide—The registered company auditor 1 hr 15 mins

Total 9.5 hrs

Notes:

STUDY MAP | 9

Study session Module 7—Membership and dividends

1 Study guide—Nature, issue and redemption of shares 2 hrs

2 Study guide—The role of members 50 mins

3 Study guide—General meetings of members 1 hr 45 mins

4 Study guide—Rights and remedies of members 1 hr 15 mins

5 Study guide—Distributing dividends 1.5 hrs

Total 8.5 hrs

Notes:

Study session Module 8—Business cessation

1 Study guide—What is winding up? 1 hr 15 mins

2 Study guide—Voluntary winding up of companies 1 hr 15 mins

3 Study guide—Compulsory winding up of companies 1 hr 20 mins

4 Study guide—Winding up of partnerships and trading trusts 1 hr 20 mins

5 Study guide—Claimants’ rights in corporate insolvency 15 mins

6 Study guide—Receivership 15 mins

7 Study guide—Voluntary administration 2.5 hrs

Total 9.5 hrs

Notes:

STUDY MAP | 11

Study session Exam preparation—Revision

— Scheduling your exam appointment 10 mins

1 Study guide—Revise Module 1 1 hr 15 mins

— Study guide—Revision questions for Module 1 30 mins

2 Study guide—Revise Module 2 2.5 hrs

— Study guide—Revision questions for Module 2 40 mins

3 Study guide—Revise Modules 3 and 4 2 hrs 45 mins

— Study guide—Revision questions for Modules 3 and 4 45 mins

4 Study guide—Revise Modules 5 and 6 1 hr

5 Study guide—Revise Modules 7 and 8 1 hr

— What to expect on the day of your exam 5 mins

— Video: What to expect on the day of your exam 5 mins

— Pearson VUE On-screen calculator 5 mins

— On-screen exam tools 5 mins

— Exam tutorial 30 mins

— Accessing and understanding your results 10 mins

Total 13 hrs

Notes:

Suggested study schedule by weeks

Six weeksModule Total hours Suggested weeks

1 Australian legal systems and processes 18 Week 1

2 Contract law 30 Week 1, 2, 3

3 Torts 12 Week 3, 4

4 Non-corporate business structures 24 Week 4, 5

5 Incorporation and its effects 8.5 Week 5

6 Management of companies 9.5 Week 5, 6

7 Membership and dividends 8.5 Week 6

8 Business cessation 9.5 Week 6

12 weeksModule Total hours Suggested weeks

1 Australian legal systems and processes 18 Week 1, 2

2 Contract law 30 Week 2, 3, 4, 5

3 Torts 12 Week 5, 6, 7

4 Non-corporate business structures 24 Week 7, 8, 9

5 Incorporation and its effects 8.5 Week 9, 10

6 Management of companies 9.5 Week 10, 11

7 Membership and dividends 8.5 Week 11, 12

8 Business cessation 9.5 Week 12

1 Australian legal systems and processes 18 Week 1–4

2 Contract law 30 Week 4–10

3 Torts 12 Week 10–13

4 Non-corporate business structures 24 Week 13–17

5 Incorporation and its effects 8.5 Week 17–19

6 Management of companies 9.5 Week 19–21

7 Membership and dividends 8.5 Week 21–23

8 Business cessation 9.5 Week 23–24

STUDY MAP | 13

1 Australian legal systems and processes 18 Week 1–8

2 Contract law 30 Week 8–21

3 Torts 12 Week 21–27

4 Non-corporate business structures 24 Week 27–37

5 Incorporation and its effects 8.5 Week 37–41

6 Management of companies 9.5 Week 41–45

7 Membership and dividends 8.5 Week 45–48

8 Business cessation 9.5 Week 48–52

Fundamentals of Business Law Study map

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