Syllabus

Introduction

Objectives

Section One: Liability for Employees and Agents

The employment relationship

Vicarious liability

The contract of employment

Agency

Types of agent and formation

Responsibilities of the parties

Terminating an agency

The commercial agents regulations

Summary of section one

Section Two: Sole Traders and Partnerships

Business organisations introduced

Sole traders

Partnerships

Liability of partners

The partnership agreement

Ending the partnership

Summary of section two

Section Three: Forming a Company

Basic principles

Separate legal personality

Company membership and limited liability

Types of company

Forming a company

The constitution: memorandum and articles

The Memorandum of Association

The Articles of Association

Changing the constitution

Summary of section three

Section Four: Managing the Company

Capital

Shares

Borrowing

Company management

Summary of section four

Additional questions

Additional questions: guidance

Tutor-marked Question Paper

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