Study Guide

Objective

The student
- knows how business entities are created and how they differ
- understand the role of government in regulating businesses
- knowthe basic legal issues in the formation of contracts for the sale of goods
- describe basic elements and differencesin various contract types
- draft and close thecommon contracts in business

Content

- contract law, sources of contract law and legal interpretation
- contract formation, legal cultures, contract practices
- settlement of commercial disputes

Teaching methods

Independent studies, flipped learning, case study (law) analysis

Content scheduling

knows how business entities are created and how they differ
- understand the role of government in regulating businesses
- know the basic legal issues in the formation of contracts for the sale of goods
- describe basic elements and differences in various contract types
- draft and close the common contracts in business

Content:

- contract law, sources of contract law and legal interpretation
- contract formation, legal cultures, contract practices
- settlement of commercial disputes

Evaluation scale

H-5

Assessment methods and criteria

The grading system ranges from 1 - 5 where;
1 = Mediocre; 2 = Satisfactory; 3 = Good; 4 = Very good; 5 = Excellent
Assessment based on successful completion of course assignments and self-reflection.

Assessment criteria, fail (0)

The student show very limited knowledge and understanding of the main areas of the course as well as inability to grasp fundamental business law theories and inability to apply the theories to the case studies/assignments. Zero or insignificant contribution in completion of team assignments. Student show very little ability to gather and interpret relevant legal issues to come to informed judgments that include reflection about what is asked for the assignments. The student has difficulties in communicating his/her ideas to others. Several parts of the text are unclear.

Assessment criteria, satisfactory (1-2)

The student demonstrates limited knowledge and understanding of the main areas of the course. The student shows difficulties in applying his/her knowledge and understanding of the content. Basic understanding of business law theories, and limited ability and apply knowledge into the case studies/assignments. The student has difficulties in communicating his/her ideas to others. Some parts of the text are unclear

Assessment criteria, good (3-4)

Good understanding of key legal issues, and able to interpret cases and apply the theoretical knowledge into the case studies/assignments. The student demonstrates good ability to gather and interpret relevant legal information to inform judgments that include reflection about what is asked for the assignments. The student is able to communicate his/her ideas to others. Important parts of the text are clear and well written.

Assessment criteria, excellent (5)

Excellent understanding of in depth legal issues and interpretations, and able to demonstrate, apply theoretical knowledge into practice. The student ability to gather and interpret relevant cases is consistent throughout the course duration. The student is able to communicate clearly his/her ideas to others in a professional way. Most of the text is clear and well written.

Objective

The student
- knows how business entities are created and how they differ
- understand the role of government in regulating businesses
- knowthe basic legal issues in the formation of contracts for the sale of goods
- describe basic elements and differencesin various contract types
- draft and close thecommon contracts in business

Content

- contract law, sources of contract law and legal interpretation
- contract formation, legal cultures, contract practices
- settlement of commercial disputes

Materials

Cheeseman, H. R. (2016) book "Contemporary Business Law". Available as an ebook in Finna.

Teaching methods

Learning materials for the course is provided on Itslearning -platform. All learning and assignments will be done through this platform. Participating students will work in small teams and alone. This method of learning in teams has great benefits for the students for it allows the students to learn from one another and thus develop a new perspective.
It is vital to participate to the first all group lecture in order to pass the course.

Exam schedules

No exam. The course is done through assignments. Please note, the only way to up-grade the final grade is through a new course, since this course does not have an exam.

International connections

Innovation pedagogy, PBL, learning by doing.

Completion alternatives

No optional methods.

Student workload

The scope of the course is 5 credits (=135 h). The course will be completed through assignments ( at Itslearning platform).

Content scheduling

This is an online course.

Further information

NOTE: Course is only for PINBOS students.

Evaluation scale

H-5

Assessment methods and criteria

The grading system ranges from 0 - 5 where;
0= Fail, 1 = Mediocre; 2 = Satisfactory; 3 = Good; 4 = Very good; 5 = Excellent
Assessment based on successful completion of course assignments and self-reflection.

All assignments are compulsory in order to pass the course. Self- and Peer review is considered very important.

Assessment criteria, fail (0)

The student show very limited knowledge and understanding of the main areas of the course as well as inability to grasp fundamental business law theories and inability to apply the theories to the case studies/assignments/ learning report. Zero or insignificant contribution in completion of team assignments. Student show very little ability to gather and interpret relevant legal issues to come to informed judgments that include reflection about what is asked for the assignments. The student has difficulties in communicating his/her ideas to others. Several parts of the text are unclear. Or deadlines are missed.

Assessment criteria, satisfactory (1-2)

The student demonstrates limited knowledge and understanding of the main areas of the course. The student shows difficulties in applying his/her knowledge and understanding of the content. Basic understanding of business law theories, and limited ability and apply knowledge into the case studies/assignments. The student has difficulties in communicating his/her ideas to others. Some parts of the text are unclear or limited. References used poorly. Peer review "limited".

Assessment criteria, good (3-4)

Good understanding of key legal issues, and able to interpret cases and apply the theoretical knowledge into the case studies/assignments/ learning report. The student demonstrates good ability to gather and interpret relevant legal information to inform judgments that include reflection about what is asked for the assignments. The student is able to communicate his/her ideas to others. Important parts of the text are clear and well written, references used well and extensively. Positive peer review comments.

Assessment criteria, excellent (5)

Excellent understanding of in depth legal issues and interpretations, and able to demonstrate, apply theoretical knowledge into practice. The student ability to gather and interpret relevant cases is consistent throughout the course duration. The student is able to communicate clearly his/her ideas to others in a professional way. Most of the text is clear and well written, lots of good references used. Peer review excellent.