Course Details

Course Information Package

Course Unit TitleBUSINESS LAW I
Course Unit CodeABSL210
Course Unit Details
Number of ECTS credits allocated5
Learning Outcomes of the course unitBy the end of the course, the students should be able to:
  1. Acquire knowledge of the foundations of business law and how these operate within context of business.
  2. Explain the main sources of law of Cyprus including the application of EU Law and UK Law, the structure and jurisdiction of the Courts and the application of legal doctrines.
  3. Analyse the main elements of a legally binding contract, appreciate the key role of contract terms in commercial transactions, understand the effects of breaching a contract, the rules in relation to recovering damages and the remedies available to the innocent party.
  4. Understand the difference between law of torts and law of contracts, the different types of torts including the tort of negligence.
  5. Understand the structure and differences between various entities (companies and partnerships), advise and compare in terms of liability.
  6. Analyse the legal liability of parties in business transactions and to demonstrate the capacity for legal analysis, research and problem solving skills within the context of Business Law.
  7. Develop a critical understanding of the law so as to be able to apply the legal principles (and case law) to various practical situations and to produce written advice.
Mode of DeliveryFace-to-face
Recommended optional program componentsNONE
Course Contents

The Legal System of Cyprus; Definition of Law. Distinguishing between types of law. Considering the sources of law in Cyprus, namely the European Law, the Constitution, Case Law, Common Law & Equity. Meaning and application of the doctrine of precedent and the doctrine of necessity. Court structure, hierarchy and jurisdiction. EU institutions. Examination of sources of EU law (regulations, directives etc). Considering the notions of direct effect and direct applicability. Meaning of human rights and their protection in Cyprus.

Analysis/Introduction to Contract Law – Formation of Contracts I: Contract law definitions and Principles. Examination of the elements that are required for a legally binding contract to exist and analysis of the main elements: offer, acceptance, consideration, intention. Types of Contracts. Distinguishing offers from invitations to treat. Explanation of the doctrine of Promissory Estoppel and Privity of Contract.

Vitiating Factors of Contract and Terms – Formation of Contract II: Distinguishing between terms and representations. Classification of contractual terms (conditions, warranties etc). Meaning and effect of breach of contract. Remedies and rules for awarding damages.

The Law of Torts: The effect of tort law as part of the law of obligation. Distinction between liabilities and nature of tort and contract. Types of torts, namely the tort of negligence.

Introduction to Company Law: The effect of separate legal personality, distinguishing between different types of companies (private/public company and between companies limited by shares/by guarantee) and from other forms of businesses, such as partnerships.

Recommended and/or required reading:
  • Keenan, D. & Richs,S. (2005). Business law, 7th ed. Harlow England: Pearson
  • Poole, J. (2010). Textbook on Contract Law, 10th ed. Oxford
  • Sealy, L. & Worthington, S. (2010). Cases and Materials in Company Law,
Planned learning activities and teaching methodsThe taught part course is delivered to the students by means of lecturers, conducted with the help of computer presentations and the use of the board. Lecture notes and other course material (such as case study questions and answers) are available to students through the web.
Assessment methods and criteria
Mid-term exam20%
Mid-term exam20%
Final Exam60%
Language of instructionEnglish
Work placement(s)NO

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