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Business Law
(LW) (ENG)
Syllabus and study guide
Summary of content
Introduction
1. Intellectual levels
2. Learning hours and educational
recognition
3. Guide to ACCA examination structure
4. Guide to ACCA examination
assessment
Corporate and Business Law
(ENG) syllabus
5. Relational diagram linking Corporate
and Business Law (ENG) with other
exams
6. Overall aim of the syllabus
7. Main capabilities
8. Rationale
9. Approach to examining the syllabus
10. The syllabus
Corporate and Business Law
(ENG) study guide
11. Detailed study guide
This diagram shows links between this exam and other exams preceding or
following it. Some exams are directly underpinned by other exams. This diagram
indicates where students are expected to have underpinning knowledge and where
it would be useful to review previous learning before undertaking study.
This syllabus and study guide is designed to help with planning study and to provide
detailed information on what could be assessed in any examination session.
The aim of the syllabus is to develop knowledge and skills in the understanding of
the general legal framework, and of specific legal areas relating to business,
recognising the need to seek further specialist legal advice where necessary.
7. Main capabilities
A Identify the essential elements of the legal system, including the main sources of
law
B Recognise and apply the appropriate legal rules relating to the law of obligations
F Describe and explain how companies are managed, administered and regulated
This diagram illustrates the flows and links between the main capabilities of the
syllabus and should be used as an aid to planning teaching and learning in a
structured way.
8. Rationale
Section A
Section B
100%
C Employment law
1. Contract of employment
1. Agency law
2. Partnerships
1. Share capital
2. Loan capital
c) Illustrate the rules and presumptions a) Explain the ways in which a contract
used by the courts in interpreting may be discharged.[2]
statutes.[1]
b) Explain the meaning and effect of
d) Identify the concept and impact of breach of contract, and the
human rights law. [1] remedies available in common
law.[2]
B The law of obligations
c) Explain the rules relating to the
1. Formation of contract award of damages.[2]
b) Explain the meaning of an offer and 4. The law of torts and professional
distinguish it from an invitation to negligence
treat.[2]
a) Explain the meaning of tort.[2]
c) Explain the termination of an offer.[2]
b) Explain the tort of ‘passing off’.[2]
d) Explain the meaning and
consequence of acceptance.[2] c) Explain the tort of negligence
including the duty of care and its
e) Explain the need for consideration.[2] breach, and the concept of vicarious
liability.[2]
a) Explain the role of directors in the c) Explain the procedure for calling and
operation of a company, and the conducting company meetings.[2]
different types of directors, such as
executive/ non-executive directors or G Insolvency law
de jure and de facto directors, and
shadow directors.[2]
1. Insolvency and administration
b) Discuss the ways in which directors
are appointed, can lose their office a) Explain the meaning of and
and the disqualification of procedure involved in voluntary
directors.[2] liquidation, including members’ and
creditors’ voluntary liquidation.[2]
c) Distinguish between the powers of
the board of directors, the managing b) Explain the meaning of, the grounds
director/chief executive and for, and the procedure involved in
individual directors to bind their compulsory liquidation.[2]
company.[2]
c) Explain the order in which company
d) Explain the duties that directors owe debts will be paid off on liquidation.[2]
to their companies, and the controls
imposed by statute over dealings d) Explain administration as a general
between directors and their alternative to liquidation.[2]
companies, including loans.[2]
e) Explain the way in which of an
2. Other company officers administrator may be appointed, the
effects of such appointment, and the
a) Discuss the appointment procedure powers and duties an
relating to, and the duties and administrator.[2]
powers of, a company secretary.[2]
H Corporate Fraudulent and
b) Discuss the appointment procedure Criminal behaviour
relating to, and the duties and rights
of a company auditor, and their 1. Fraudulent and criminal
subsequent removal or resignation.[2] behaviour
ACCA periodically reviews its qualification syllabuses so that they fully meet the
needs of stakeholders such as employers, students, regulatory and advisory bodies
and learning providers.
The areas where there have been additions to the syllabus are shown in Table 1
below: