This unit describes the skills and knowledge required to appropriately determine and apply aspects of commercial law, including partnerships, bankruptcy, business names, franchises and trusts, in order to support the work of a legal office, practice or associated context.
Assessment tasks will be designed to reinforce and extend knowledge and skill competence within set and controlled parameters in accordance with each unit’s learning outcomes and performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.
Students will be expected to demonstrate the following required skills:
• communication skills to discuss and document findings
• research and evaluate:
• the impact of legal provisions on aspects of commercial law
• the nature and principles of the types of commercial law, rights and obligations of the parties and their application across a wide range of relevant circumstances
Students will also be expected to demonstrate the following knowledge:
• relevant Federal and State and local government legislative and statutory provisions pertaining to commercial law
• key features and aspects of commercial law, including:
• partnerships and their legal requirements
• bankruptcy and its consequences, including the rights and obligations of creditors and debtors
• nature of trusts
• setting up, maintaining and dissolving trusts
• rights and obligations of the parties involved in trusts
• legal nature of franchises, their regulation, and the rights and liabilities of the parties
• use and registration of business and association names
• the authority of representatives of companies, partnerships, trusts and associations
The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by Victoria University Polytechnic and/or via the VU Polytechnic e-learning system.
This unit is studied as part of the following course(s):