UNIVERSITY OF SOUTHERN QUEENSLAND 
LAW1501 - Business Law and Ethics 
Comprehensive Revision Guide and Course Notes 2024 
 
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University of Southern Queensland

University of Southern Queensland - LAW1501: Business Law and Ethics

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ACADEMIC YEAR 2023 - 2024

University	UniSQ
Study Level	Undergraduate
Course Code	LAW1501
Course Name	Business Law and Ethics
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	55

This is a complete summary of everything that is examinable for the LAW1501: Business Law and Ethics - University of Southern Queensland. Within this document, you will find a comprehensive evaluation of the examinable topics for the course. You will learn and discover the law affects business decision making and operations. It does so by examining a number of fundamental legal principles that impinge upon key business areas such as contract law, tort law, and consumer law. It also considers the relationship between business and regulators. This ideal guide is extremely helpful for you to revise all the topics, and to prepare for your assessments and the final examination.

This course, LAW1501: Business Law and Ethics - introduces you to the foundation principles of Australian business law and application of ethics principles to enable ethical decision-making. The interrelationships between these concepts are important in professional practice and for business success. The application of ethics in the context of legal decision-making when engaging in contract development and negotiation, reduction of legal compliance risk, including negligence risk, and other business interactions in a company law context will highlight to you how businesses can move beyond mere legal compliance. Understanding how the principles of ethical decision-making differ in global contexts will also prepare you to anticipate and prepare for their entry into more complex work environments.

Main topics to be covered:

The relationship between law, ethics, and business decision making including foundations of the Australian legal system within a global business context.
Key issues in company law impacting business decision-making in a global context (separate legal entity, corporate contracting, directors' duties, governance, members' remedies, corporate insolvency and ethics issues).
Principles of contract law impacting business decision-making in a global context (formation and interpretation of contracts, enforcement, remedies and ethics issues, contracts of agency).
Key issues in law of negligence impacting business decision-making in a global context (duty of care, breach of duty, causation, reasonable foreseeability, ethics issues).
Legal and ethical decision-making in the digital age: data protection and privacy).
Practical applications of business law principles in a professional environment.

COURSE CODE	COURSE NAME
ACC1202	Accounting Systems and Processes
ACC2201	Financial Reporting and Analysis A
ACC2205	Management Accounting A
ACC3201	Financial Reporting and Analysis B
ACC3206	Management Accounting B
ECO1201	Fundamental Economics
ECO2000	The Macro-economy and Business
FIN1100	Commercialisation
FIN1101	Corporate Finance
FIN1103	Financial Markets and Fintech
FIN2113	Investment Securities
FIN2302	Financial Economics
FIN3100	Portfolio Management
LAW1111	Australian Legal System
LAW1501	Business Law and Ethics
LAW3130	Revenue Law and Practice A
LAW3500	Taxation Law A
MGT1101	Human Capabilities for Business
MKT1001	Marketing Fundamentals
STA1004	Fundamental Statistics for Accountants
STA2302	Statistical Inference

University of Southern Queensland - LAW1501: Business Law and Ethics

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