Business Law

Business Law is fundamental in creating reliable standarts for companies to follow. This course provides students with fundamental elements of company law , by focusing on the following topics of SA companies and limited liability companies : basic principles of company law, separate legal personality, formation – registration- articles of association, Board of directors, appointment and removal of members of Board of directors, directors duties and liability, share issues- share capital- shareholders, resolutions and meetings, termination of company. The course also presents basic regulation on negotiable instruments as payment systems (banking cheques – bills of exchange), and an introduction to competition law and unfair business practices law . By the end of this course the student will have acquired the skill to apprehend :

1. Statutory distinctions of companies
2. The economic and legal environment of S.A companies
3. The legal specificities of limited liability companies
4. The legal rules of operation of bank cheques and bills of exchange
5. Main issues of competition law and business unfair practices law.

By the end of this course the student will furthermore be able to understand:

• The main types of commercial companies
• The regulatory framework of SA company
• The regulation of limited liability company
• Basic legal rules on cheques and bills of exchange
• Principles of competition law and business unfair practices law