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LAW332Law4 Unitsintermediate

Law Of Commercial Transaction Ii

This course delves into the intricacies of commercial transactions, building upon foundational legal principles. It focuses on agency relationships, exploring their creation, scope, and termination. Students will learn about the rights, duties, and obligations of agents and principals. The course also examines hire purchase agreements, distinguishing them from other sales contracts and analyzing relevant legislation. Emphasis is placed on remedies for breach of contract and the legal framework governing these transactions.

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200h

Study Time

13

Weeks

15h

Per Week

none

Math Level

Course Keywords

AgencyHire PurchaseCommercial LawTransactionsContract Law

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level

Builds on foundational knowledge

65%

intermediate

📚

Math Level

No Math

📖

Learning Type

Theoretical Focus

Course Topics

Key areas covered in this course

1

Agency Relationships

2

Creation of Agency

3

Authority of Agents

4

Duties of Agents and Principals

5

Termination of Agency

6

Hire Purchase Agreements

7

Rights and Obligations in Hire Purchase

8

Remedies for Breach of Contract

Total Topics8 topics

Requirements

Knowledge and skills recommended for success

LAW111: Introduction to Law

LAW221: Contract Law

💡 Don't have all requirements? Don't worry! Many students successfully complete this course with basic preparation and dedication.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assignments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Legal Assistant

Apply your skills in this growing field

Contract Administrator

Apply your skills in this growing field

Compliance Officer

Apply your skills in this growing field

Business Development Manager

Apply your skills in this growing field

Paralegal

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

Financial ServicesReal EstateRetailInsuranceLegal Services

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1:

2h

Unit 1: Meaning of Agency

2 study hours

•Read Unit 1: Meaning of Agency, focusing on definitions and the origin of agency.
•Complete Self Assessment Exercise 1 to test your understanding of the concept.

Week

2

Module 1:

4h

Unit 2: Nature and Character of Agency Relationship

2 study hours

•Study Unit 2: Nature and Character of Agency Relationship, paying attention to consent and authority.
•Complete Self Assessment Exercise 1 and 2 to reinforce your understanding.

Unit 3: Classification of Agents

2 study hours

•Read Unit 3: Classification of Agents, focusing on the differences between general, special, and mercantile agents.
•Complete Self Assessment Exercise 1 and 2 to test your knowledge.

Week

3

Module 2:

4h

Unit 1: Competence of Principal

2 study hours

•Study Unit 1: Competence of the Principal, focusing on infants, mentally ill persons, and corporations.
•Complete Self Assessment Exercise 1, 2, and 3 to test your understanding.

Unit 2: Competency to be an Agent

2 study hours

•Study Unit 2: Competency to be an Agent, focusing on legal practitioners, insurance agents, and auctioneers.
•Complete Self Assessment Exercise 1, 2, and 3 to test your understanding.

Week

4

Module 2:

3h

Unit 3: Authority of an Agent

3 study hours

•Study Unit 3: Authority of an Agent, focusing on actual and usual authority.
•Complete Self Assessment Exercise 1 and 2 to test your understanding.

Week

5

Module 2:

3h

Unit 4: Formalities to Creation of Agency

3 study hours

•Study Unit 4: Formalities to Creation of Agency, focusing on agency by agreement and estoppel.
•Complete Self Assessment Exercise 1 and 2 to test your understanding.

Week

6

Module 2:

3h

Unit 5: Agency by Ratification

3 study hours

•Study Unit 5: Agency by Ratification, focusing on validity, mode, and effect of ratification.
•Complete Self Assessment Exercise 1 and 2 to test your understanding.

Week

7

Module 2:

3h

Unit 6: Agency by Necessity

3 study hours

•Study Unit 6: Agency by Necessity, focusing on the doctrine of deserted wife's agency of necessity.
•Complete Self Assessment Exercise 1 and 2 to test your understanding.

Week

8

Module 3:

3h

Unit 1: Relationship with Third Party: The Disclosed Principal

3 study hours

•Study Unit 1: Relationship with Third Party; Disclosed Principal, focusing on contracts by agents and the effect of agency.
•Complete Self Assessment Exercise 1, 2, and 3 to test your understanding.

Week

9

Module 3:

3h

Unit 2: Relationship with Third Party: The Undisclosed Principal

3 study hours

•Study Unit 2: Relationship with Third Party; Undisclosed Principal, focusing on the doctrine of undisclosed principal and personal liability of the agent.
•Complete Self Assessment Exercise 1, 2, and 3 to test your understanding.

Week

10

Module 3:

3h

Unit 3: Relationship between Principal and Agent

3 study hours

•Study Unit 3: Relationship between Principal and Agent, focusing on duties to perform, obedience, care, and good faith.
•Complete Self Assessment Exercise 1, 2, and 3 to test your understanding.

Week

11

Module 4:

6h

Unit 1: Duties of the Principal to the Agent

3 study hours

•Study Unit 1: Duties of the Principal to the Agent, focusing on the duty to remunerate, reimburse, and indemnify.
•Complete Self Assessment Exercise 1, 2, and 3 to test your understanding.

Unit 2: Remedies Available to the Parties

3 study hours

•Study Unit 2: Remedies Available to the Parties, focusing on remedies for the principal and the agent.
•Complete Self Assessment Exercise 1 and 2 to test your understanding.

Week

12

Module 5:

6h

Unit 1: Termination of Agency by Acts of the Parties

3 study hours

•Study Unit 1: Termination of Agency by Acts of the Parties, focusing on agreement, revocation, and renunciation.
•Complete Self Assessment Exercise 1, 2, and 3 to test your understanding.

Unit 2: Termination of Agency by Operation of Law

3 study hours

•Study Unit 2: Termination of Agency by Operation of Law, focusing on performance, effluxion of time, frustration, death, insanity, and bankruptcy.
•Complete Self Assessment Exercise 1, 2, and 3 to test your understanding.

Week

13

Module 5:

3h

Unit 3: Incidence of Termination of Agency

3 study hours

•Study Unit 3: Incidence of Termination of Agency, focusing on irrevocable authority, notice of termination, and effect of termination.
•Complete Self Assessment Exercise 1, 2, and 3 to test your understanding.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create detailed summaries of each unit, focusing on key definitions and legal principles.

2

Practice applying legal principles to hypothetical scenarios involving agency and hire purchase agreements.

3

Review all Tutor Marked Assignments (TMAs) and identify areas where you need further clarification.

4

Create flashcards for key legal terms and concepts to aid memorization.

5

Focus on understanding the Hire Purchase Act and its implications for both owners and hirers.

6

Develop a time management strategy for the exam, allocating sufficient time to each question.

7

Practice past exam papers to familiarize yourself with the exam format and question types.

8

Create concept maps linking the different modules and units to understand the overall structure of the course.

9

Pay close attention to case law examples provided in the course materials and understand their relevance to the legal principles.

10

Form a study group with other students to discuss challenging concepts and share insights.

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