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LAWS6144 Principles of Commercial Law

Module Overview

This module examines the main concepts, principles and legal relationships between parties in commercial transactions. It covers sale of goods, agency, and finance. The relevance of property and security are examined, as are the effects and consequences of market fluctuations. Relevant legislation is explored, including the codification of commercial law around the turn of the twentieth century.

Aims and Objectives

Module Aims

The aims of the module are: By the end of the module you should be able to: - understand the concepts, main principles and relationships between parties in commercial transactions; - understand the importance of property and security in commercial transactions; - understand rejection and the legal consequences of market fluctuations; - understand sale of goods; - understand payment systems; - understand agency; - handle the appropriate legal sources; - understand the arguments advanced in the cases and in the secondary sources, such as books and articles.

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • the concepts, main principles and legal relationships between parties in commercial transactions, covered within the syllabus;
  • property and security in commercial transactions;
  • rejection and the legal consequences of market fluctuations;
  • sale of goods;
  • payment systems;
  • agency.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • analyse relevant legal materials;
  • apply the legal principles, with appropriate legal authorities, in the solution of complex problems;
  • display clarity and objectivity in argument, demonstrating an awareness of issue of academic integrity.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • distinguish relevant from irrelevant materials;
  • identify and analyse key issues;
  • think critically, develop coherent arguments in writing;
  • manage your time effectively.

Syllabus

The following is an indicative list of module content. These topics may change year-by-year, reflecting current developments and allowing syllabus evolution: - nature and sources of commercial law; - parties to commercial transactions and the (legal) relationships between them; - commercial contracts; - general principles of sale of goods; - terms of commercial sale contracts; - concepts of risk, property, possession, frustration and rejection; - delivery; - importance of security; - payment systems; - bills of exchange; - agency; - codification of commercial law.

Learning and Teaching

Teaching and learning methods

Teaching for this module is by lectures and tutorials. Lectures will introduce the main principles and structure of the subject. You are expected to provide the main input to the tutorials, where the main issues are discussed.

TypeHours
Teaching50
Independent Study250
Total study time300

Resources & Reading list

R, Goode (2016). Goode on Commercial Law. 

Blackboard learning platform. The Blackboard site will contain all the introductory material necessary, references to further sources, and links to further e-resources. All cases and statutes are available using the legal databases.

Assessment

Formative

Exam

Summative

MethodPercentage contribution
Examination  ( words) 100%

Repeat

MethodPercentage contribution
Examination  ( words) 100%

Referral

MethodPercentage contribution
Examination  (6000 words) 100%

Costs

Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Textbooks

All recommended sources are available to students free of charge, either on the Internet, or on Blackboard, or on the legal databases. Goode on Commercial Law, 5th ed (2017) will be a useful reference. It is around £50

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

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