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The syllabus covers Business Law (30%) focused on contracts, partnership, and agency, and Company Law (70%) covering formation, capital and financing, management and administration, transformation, receivership, winding up, and limited liability partnerships. 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An understanding of the law of partnership and agency is essential particularly in relation to the legal environment within which businesses operate.  \nCompany Law is an important area in the training of CPAs as it has direct impact on their work either as auditors, accountants, company secretaries or insolvency practitioners. The syllabus is thus designed to equip students with a strong knowledge of the statutory requirements pertaining to the formation, financing, management and administration of a company. In addition, corporate governance requires a sound knowledge of the duties and responsibilities of directors, company secretaries and managers. Students are expected to be familiar with the provisions of the Companies Act 2016 and other laws and regulations in the legal framework governing the operation of companies. They must also be aware of important recent developments in the legal framework affecting companies.  \nStudents can expect some of the questions to be integrative, testing on the application of both parts of the syllabus.  \nSYLLABUS WEIGHTING  \n\n| SYLLABUS CONTENT AREA |  | WEIGHTING |\n| --- | --- | --- |\n| Business Law\u003Cbr>(30%) | Contract law\u003Cbr>Agency and partnership law | 20%\u003Cbr>10% |\n| Company Law (70%) | Formation of company\u003Cbr>Capital and financing of a company\u003Cbr>Management and administration of a company Company transformation, receivership, and winding up Limited Liability Partnership | 10%\u003Cbr>20%\u003Cbr>15%\u003Cbr>20%\u003Cbr>5% |\n| Total: |  | 100% |\n\nEXAMINATION FORMAT  \nA 3-hour written paper consisting of two parts:  \nSection A 2 compulsory questions 40%  \nSection B Choice of 4 from 6 questions 60%  \nSYLLABUS CONTENT  \nLEVEL  \nBUSINESS LAW  \n1. Contract Law  \na Essential elements of contract  \ni Proposal (Offer)  \nii Acceptance  \niii Consideration  \niv Intention to create legal relations  \nv Capacity  \nvi Certainty  \nb Terms of contract  \ni Terms  \nii Exclusion clauses  \nc Void, voidable and illegal agreements  \ni Void, voidable and illegal contracts  \nii Contracts in restraint of trade  \niii Unlawful Agreements  \niv Consequences  \nd Factors vitiating a contract  \ni Coercion  \nii Undue influence  \niii Misrepresentation  \niv Fraud  \nv Mistake  \ne Discharge of contract  \ni Performance  \nii Agreement  \niii Impossibility or frustration  \niv Consequences of a contract impossible to perform f Remedies for breach of contract  \ni Rescission of contract  \nii Damages  \niii Specific performance  \niv Injunction  \nv Quantum meruit  \n2. Agency and Partnership Law  \na Agency  \ni Creation of agency  \nii Duties of agent and principal  \niii Agent’s authority  \niv Effects of agency contracts with third persons  \nv Termination of agent  \nb Partnership  \ni Nature and definition of partnership  \nii Relation between partners to persons dealing with them  \nA  \nA  \nB  \nB  \nB  \nB  \nB  \nB  \niii Relation of partners to one another  \niv Partnership Property  \nv Dissolution of partnership  \nCOMPANY LAW  \n3. Formation of a Company B  \na Types of companies  \ni Type of companies  \nii Company limited by shares  \niii Company limited by guarantee  \niv Company limited by shares and guarantee  \nv Unlimited liability company  \nvi private Company  \nvii public Company  \nviii Exempt private company  \nix Holding and subsidiary companies  \nx Wholly-owned subsidiary  \nxi Foreign company  \nxii Related company  \nxiii Unregistered companies  \nb The principle of corporate personality and the effect of  \nincorporation  \ni Companies","cbCaik2x7sLAFHJH","https://ap.wps.com/l/cbCaik2x7sLAFHJH","pdf",86386,"English","# AIM\n# INTRODUCTION\n# SYLLABUS WEIGHTING\n# EXAMINATION FORMAT\n# SYLLABUS CONTENT\n## BUSINESS LAW\n### 1. Contract Law\n### 2. Agency and Partnership Law\n## COMPANY LAW\n### 3. Formation of a Company\n### 4. Capital and Financing of a Company","[{\"question\":\"What is the overall aim of the Business and Company Law module?\",\"answer\":\"To ensure students develop sound knowledge of the legal implications of business transactions and the statutory requirements for company management and administration.\"},{\"question\":\"How are Business Law and Company Law weighted in the syllabus?\",\"answer\":\"Business Law accounts for 30% and Company Law accounts for 70% of the syllabus.\"},{\"question\":\"What is the structure of the 3-hour examination paper?\",\"answer\":\"It is a 3-hour written paper with Section A containing 2 compulsory questions (40%) and Section B offering a choice of 4 questions from 6 (60%).\"}]","MICPA Conversion Programme - Business and Company Law - Module Outline | PDF",1792688368,23]