BUS201 Contract and Agency Law
Level: 2
Credit Units: 5 Credit Units
Language: ENGLISH
Presentation Pattern: EVERY REGULAR SEMESTER
Synopsis:
BUS201 Contract & Agency Law introduces students to the key elements of contract and agency law
and the role of contractual and agency relationships in business. In respect of contract law, the goal of
the course is to demonstrate how contract law facilitates business transactions by being the “glue”
which binds parties to perform their agreements. In respect of agency law, the goal is to show how legal
rules shape the numerous agency relationships which are found within the Singapore business
environment. Throughout the course, students will be exposed to relevant Singapore case law and
legislation in order to highlight the practical application of these topics in business transactions.
Topics:
● Introduction to Law
● Singapore Legal System
● Contract: Offer
● Contract: Acceptance
● Contract: Considerations
● Contract: Legal Intention
● Contract: Terms
● Contract: Vitiating Factors
● Contract: Discharge and Remedies for Breach
● Law of Agency
Textbooks:
BUS201 Study Guide (UDC - SUSS)
ISBN-13: SG-1067
Singapore Business Law 9th Benny S. Tabalujan, Valerie Du Toit-Low, Julie L.Y. Huan, Lam Chen
Meng, and Alvin W.L. See Commasia
ISBN-13: 9789811810565
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Learning Outcome:
● Discuss the nature of law, the function of business law and highlight the salient features of the
Singapore legal system, especially those that impact upon business activity.
● Describe how a contract is created, performed and discharged, and provide examples of common
contracts in the business environment.
● Identify the key elements of a contract, namely offer, acceptance, consideration and legal intention,
and examine the legal rules applicable to them.
● Distinguish express terms from implied terms, conditions from warranties, and identify innominate
terms in a contract.
● Interpret exemption clauses in a contract and test their validity by applying the legal rules in
relation to them.
● Recognise the circumstances, also known as vitiating factors, which can undermine the formation
and performance of a contract and their legal impact on the contract.
● Examine the different ways in which a contract may be discharged, and the types of remedies
available for a breach of contract.
● Use the concept of limitation of actions and demonstrate an understanding of its impact on suing
for remedies under contract.
● Give examples of agency relationships in the business context and explain how agency law
principles can be used to reduce the risks associated with agency arrangements.
● Outline the duties and liabilities of principals and their agents .
● Analyse and evaluate decisions of reported cases critically to demonstrate an understanding of the
legal principles learnt.
● Apply Singapore case law and legislation to new situations to solve the problem or determine the
most appropriate outcome.
● Demonstrate the essential knowledge and interpersonal skills to work effectively in a team.
● Show well-developed written proficiency.
● Develop oral presentations in areas related to Contract & Agency Law.
Assessment Strategies - Regular Semester (Evening Class):
Components Description Weightage Allocation (%)
Overall Continuous PARTICIPATION 1 10
Assessment
TUTOR-MARKED ASSIGNMENT 1 20
GROUP BASED ASSIGNMENT 1 20
Overall Examinable Written Exam 50
Components
Total 100
*The information listed is subject to review and change.
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