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COMMERCIAL PRACTICE & LAW

STUDY AND CAREER DEVELOPMENT                                                                                                               

This Program is suitable for people seeking general and managerial posts in business, for men and women who wish to manage their own businesses effectively and correctly, and for those who wish to know the principles of commercial law and how to successfully and carefully ensure that business transactions, sales and trade are responsibly conducted.  Knowing the principles of commerce and commercial law, especially regarding liability, tort and contracts, will make you an invaluable asset to your organisation.

SUMMARY OF MAJOR TOPICS COVERED INCLUDE:

  • The place of commerce and trade in the modern commercial world.
  • How the elements of commerce evolved and developed.
  • Modern business, the role of money and banking, transport, hospitality, insurance, law and communication.
  • The types of economies in which organisations transact business and operate.
  • Sources and categories of law: constitutional, customary, common, statute, case law.
  • Criminal and civil law.
  • Commercial law, the law of contract: an offer, an acceptance, the financial consideration.
  • Terms and conditions of trade; what they are, standards, how they are presented.
  • Credit and credit transactions, effects on cash flow and liquidity, risks associated with credit, credit management.
  • Transactions and documents used in business – layout, content, interpretation, preparation.
  • Types of business: sole-owners, partnerships, limited companies.
  • Financing companies; matters relating to ownership, capital, shares, shareholders, share certificates, shareholders’ agreements.
  • Legal obligations of company directors, the company secretary duties, annual returns, general meetings.
  • Tort liability for defective goods, product liability and the law, the law relating to defective services.
  • Employment law, health and safety in the workplace, legal protection of employees against dismissal, redundancy and discrimination.
  • The law of agency, the creation of agency, the rights and duties of agents and principals.
  • Intellectual property law.
  • Transfer of ownership, performance, legal remedies for breach of contract and of confidence.


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