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The University of Southampton
Courses

LAWS6155 Business Finance

Module Overview

The provision of credit is central to the financing of commercial activity. A significant factor dictating the availability and the terms governing the provision of credit is the ability of the borrower to provide security to the lender for the repayment of credit. This 15 CATS module will introduce the foundation principles surrounding the grant of security for the repayment of credit concentrating on small to medium size businesses.

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

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

  • A1. The national, regional and international institutional framework of business finance law and its corporate and commercial agendas within wider economic activity with a focus upon small to medium size enterprises.
  • A2. The core principles, concepts and doctrines of business finance law and their application to commercial relationships, transactions and corporate parties.
  • A3. Common forms security over tangible and intangible property.
  • A4. Powers and remedies of the lender in the event of the borrower’s insolvency.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • B1. Identify, evaluate and apply key legal principles in solving complex business finance problems in the commercial context, citing legal authorities.
  • B2. Identify and critically evaluate key legal and policy issues affecting business finance law.
  • B3. Communicate legal arguments arising out of business finance disputes clearly, accurately and objectively.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • C1. Undertake independent research and access primary and secondary sources effectively.
  • C2. Analyse complex written texts and evaluate different types of arguments.
  • C3. Construct arguments and solve problems based on premises drawn from various sources.
  • C4. Communicate arguments effectively.

Syllabus

The syllabus will focus upon loan financing within the small to medium size business context (NB It will not cover equity financing): - The national, regional and international institutional framework of business finance law and its corporate and commercial agendas; - The core principles, concepts and doctrines of business finance law and their application to commercial relationships, transactions and corporate parties. - Common forms security over tangible and intangible property; - Powers and remedies of the lender in the event of the borrower’s insolvency; - Possible legal developments to improve the efficiency and effectiveness of business finance law effecting parties in the commercial context.

Learning and Teaching

Teaching and learning methods

Teaching methods include: - Weekly 2 hour seminars, incorporating tutor led discussion with opportunities for group and individual student presentations (the balance between individual and group presentations will depend on the number of students in the module). Learning methods include: - Essential and additional directed reading as per distributed reading lists provided on Blackboard; - Engagement with current legal or commercial developments to ensure you can relate the material being discussed in class to contemporary issues in the financing of small to medium size companies.

TypeHours
Independent Study130
Teaching20
Total study time150

Resources & Reading list

Goode & Gullifer. Legal Problems of Credit and Security. 

Beale, Bridge, Gullifer and Lomnicka (2012). Law of Security and Asset Based Financing. 

Calnan. Security: Law and Practice. 

Assessment

Formative

Class discussions

Summative

MethodPercentage contribution
Written exam  (2 hours) 100%

Repeat

MethodPercentage contribution
Closed book Examination  (2 hours) 100%

Referral

MethodPercentage contribution
Closed book Examination  (2 hours) 100%

Repeat Information

Repeat type: Internal & External

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

Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the mandatory/additional reading text as appropriate.

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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