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    Course Outline

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    Yared Terefe
    This document outlines a business law course at Arba Minch University School of Law. [1] The course description states that business and law are intertwined, as business activities are regulated by law. [2] The course objectives are for students to understand common legal aspects of business and be able to apply basic legal principles to business problems. [3] The course will cover topics like the law of contracts, sale of goods, agency, business organizations, insurance, and negotiable instruments based on Ethiopia's civil and commercial codes.

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    Course Outline

    Uploaded by

    Yared Terefe
    18 views3 pages
    This document outlines a business law course at Arba Minch University School of Law. [1] The course description states that business and law are intertwined, as business activities are regulated by law. [2] The course objectives are for students to understand common legal aspects of business and be able to apply basic legal principles to business problems. [3] The course will cover topics like the law of contracts, sale of goods, agency, business organizations, insurance, and negotiable instruments based on Ethiopia's civil and commercial codes.

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    This document outlines a business law course at Arba Minch University School of Law. [1] The course description states that business and law are intertwined, as business activities are regulated by law. [2] The course objectives are for students to understand common legal aspects of business and be able to apply basic legal principles to business problems. [3] The course will cover topics like the law of contracts, sale of goods, agency, business organizations, insurance, and negotiable instruments based on Ethiopia's civil and commercial codes.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    18 views3 pages

    Course Outline

    Uploaded by

    Yared Terefe
    This document outlines a business law course at Arba Minch University School of Law. [1] The course description states that business and law are intertwined, as business activities are regulated by law. [2] The course objectives are for students to understand common legal aspects of business and be able to apply basic legal principles to business problems. [3] The course will cover topics like the law of contracts, sale of goods, agency, business organizations, insurance, and negotiable instruments based on Ethiopia's civil and commercial codes.

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    Arba Minch University

    School of Law

    Course Title: Business Law


    Course Code: B LAW 101
    Business Law Course Outline
    Course Description
    Law and business are inextricably linked. Business is the organization of capital and labor to produce
    a product or service with every aspect of that organization regulated by law. Buying and selling,
    employment practices, and even the nature of the business organization itself are examples of business
    activity controlled by law. Therefore, any business decision has a legal component, and the prudent
    business person or manager should take care to consider it The principles of Business Law emphasizes
    on the Ethiopian civil code pertaining to Law of person, law of contract, and law of agency; as well as
    the Ethiopian Commercial code regarding business and business organization, insurance law, and
    negotiable instruments.

    Course Objective

    At the end of this course students will be able to know the basic knowledge and skills of the common
    legal aspects of business activity which are usually encountered to the day to day life of students in
    their future respective profession. The very objective of the course is to acquaint the students with the
    legal environment in which they are going to engage as a business man or as a professional service
    giver. The student will learn principles of business law and develop some degree of competence in
    applying them to business problems. In attaining this objective, a student is likely to acquire
    considerable knowledge of law as it pertains to specific business activities. That knowledge should
    enable the student to recognize situations in which it is not safe to proceed without competent legal
    help, and to communicate effectively with a lawyer if the need arises. At the same time, the student
    will come to recognize that many businesses having legal implications may safely be made without
    advice from a lawyer, if those decisions are made in conformance with basic, well-known legal
    principles.

    1
    Chapter One: Introduction to Law 5.2.2 Principle of Agency
    1.1 Introduction to Law 5.3 Scope of Agency
    1.1.1 Purposes of law 5.4 Duties of the Agent
    .1.1.2 Sources of law 5.5 Duties of the prinpcipal
    1.1.3 Classifications of law 5.6 Liabilities of the principal and the agent
    1.2 Business Law and its Objective 5.6.1 The agent's liabilities
    1.2.1 Meaning of business law 5.6.2 The principal's liabilities
    1.2.2 Objectives of a course on 5.6.3 Joint liabilities of the principal and the
    business law agent
    1.3 Dispute Resolution 5.7 Termination of Agency
    1.3.1 Extra-judicial (out-of-court) 5.8 Unauthorized Agency
    Settlement of dispute Chapter Six: Law of Business and Business
    1.3.2 Judicial settlement of dispute
    Organizations
    Chapter Two: The Law of Person
    2.1. Meaning of the Term Legal Person 6.1 Definition and elements of business
    2.2. Attributes of Legal Personality 6.2 Who can do business?
    2.3. Personality of Physical Person 6.3 Business organization
    2.4. Capacity of Physical Person 6.4 Types of Business organization
    2.4.1. Incapacity 6.5 Common provisions
    2.4.2. The End of Incapacity 6.5.1 Formation
    2.5. End of Incapacity 6.5.2 Legal personality
    Chapter Three: Contract 6.5.3 Agency
    3.1 Law of Obligations 6.5.4 Sharing profits and Losses
    3.2 Definition of Contract. 6.5.5 Dissolution of a business
    3.3 Formation of Contracts organization
    3.3.1 Consent
    3.3.2 Capacity Chapter Seven: Contract of Insurance
    3.3.3 Object 7.1 Definition and purpose of insurance
    3.3.4 Form 7.2 Legal principles of insurance
    3.4 Effects of Contract 7.3 Provisions of insurance in general
    2.4.1 Performance of Contracts 7.4 Insurance of objects
    2.4.2 Remedies for Non- 7.5 Insurance of liability
    Performance 7.6 Insurance of persons
    2.4.3 Variation of Contracts. 7.6.1 Life insurance
    3.5 Extinction of Obligations 7.6.2 Insurance against accident
    3.6 Period of Limitation and illness
    Chapter Four: Contract of Sale Chapter Eight: Negotiable Instruments
    4.1 Definition 8.1 Definition
    4.2 Formation of Contract of Sale 8.2 Common provisions to negotiable
    4.3 Performance of Sale Contract instruments
    4.3. 1 Obligations of the seller 8.3 Holder in Due Course
    4.3.1.1 Delivery 8.4 Commercial Instruments (Papers)
    4.3.1.2 Transfer of ownership 8.4.1 Bills of Exchange
    4.3.1.3 Warranty 8.4.2 Promissory Notes
    4.3.2. Obligation of the Buyer 8.4.3 Cheques
    4.3.2.1 Payment of price
    4.3.2.2 Taking delivery Evaluation
    4.3.2.3 Examination and Class part& Attendance 5%
    Notification Tests 30%
    4.4 Transfer of risk and preservation duty Assignment & Presentation 15%
    4.5 Remedies for non-performance Final Exam 50%
    Chapter Five: Law of agency
    5.1. Agency and its sources Reading Materials
    5.2. Contract of agency
    5.2.1 Formation of Agency Civil code of the Empire of Ethiopia,
    2
    Proclamation No. 165/1960
    1. Art 1-7
    2. Art 192-393
    3. Art 1675- 1856
    4. Art 2266- 2265
    5. Art 2179-2265
    Commercial Code of the Empire of Ethiopia,
    proclamation No. 166/1960
    1. Art 210-543
    2. Art 654-714
    3. Art 715-895

     Proclamation on banking business Pro.No.


    592/08
     A proclamation for licensing and supervision
    of insurance business Pro.No 46/2012
     Company law

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