Course Title: Apply the principles of contract law

Part B: Course Detail

Teaching Period: Term2 2018

Course Code: LAW5730C

Course Title: Apply the principles of contract law

School: 650T Vocational Business Education

Campus: City Campus

Program: C5379 - Diploma of Financial Services

Course Contact: Callie Harvey

Course Contact Phone: +61 3 9925 5772

Course Contact Email: callie.harvey@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Andrew Shiangolis

Course Coordinator - Financial Services

03 9925 5982

andrew.shiangolis@rmit.edu.au

 

Nominal Hours: 60

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

None

Course Description

This unit describes the skills and knowledge required to analyse and evaluate information from a variety of sources and supply solutions to contractual issues in a legal environment.

It applies to individuals who provide support in a range of legal service settings with a degree of responsibility to plan and complete investigations.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBLEG415 Apply the principles of contract law

Element:

1. Determine nature and meaning of contract

Performance Criteria:

1.1 Access sources of legal information on nature and meaning of contract

1.2 Distinguish between common law and legislation in contract

1.3 Assess significance of contracts and contract law in business, and document outcomes of this assessment

Element:

2. Determine principles of contract law

Performance Criteria:

2.1 Define legal principles governing simple contracts

2.2 Identify and document key elements of a simple contract matter

Element:

3. Enhance professional practice through application of relevant principles of contract law

Performance Criteria:

3.1 Assess a legal matter involving contractual issues by applying principles of contract law

3.2 Analyse and evaluate key issues

3.3 Review analysis with designated person

Element:

4. Distinguish between a contract being discharged or breached

Performance Criteria:

4.1 Specify procedures for discharge of contracts

4.2 List available remedies for breach of contract

4.3 Apply procedures for discharge of contracts to workplace legal matter

4.4 Apply identified remedies to a relevant workplace legal matter


Learning Outcomes



Details of Learning Activities

The diploma is mainly taught face-to-face in a classroom setting with some structured online components. The online components will require you to actively participate in a teacher led e-learning environment through the use of discussion boards, online quizzes and action learning activities.

RMIT offers a variety of learning and teaching approaches including group discussions, tutorials, workplace simulated projects, online quizzes, role plays and case studies.

RMIT’s simulated work environment (Practice Firm), called The Swanston Banking Group Ltd, is a key feature of the diploma so we can deliver coursework and current industry practices. Within the firm you will be required to undertake a range of work-related activities. You will have the opportunity to develop skills in collaboration, structuring meetings, working with client files and engaging with simulated clients in the form of role plays. You will assume the role of the financial services industry professional working in the Practice Firm as an employee with a position description.  You will be expected to follow the bank’s policies and procedures.

In your roles you will be provided with a  customer brief and you will be required to assess the client’s future financial status, or research and recommend services and products to meet their needs.

We expect you to participate and contribute in all scheduled learning activities.


Teaching Schedule

This course is comprised of one single competency.

BSBLEG415 - Apply the Principles of Contract Law

The nominal hours associated with this are a guide only and represent the total teaching time and student effort required to successfully complete this course.  This may include not only scheduled classes but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities  

Week

Topic

Readings and Activities

Assessment

Week 1

2 July 2018

Topic 1 - Course Introduction and Background into the Australian Legal System

Read the PowerPoint Presentation for this week

One hour weekly online learning ad submitted online for teacher feedback

Week 2

9 July 2018

Topic 2 – Common and Statutory Law in Contracts

Read the PowerPoint Presentation for this week

One hour weekly online learning ad submitted online for teacher feedback

Week 3

16 July 2018

Topic 3 - Defining a Contract

Read the PowerPoint Presentation for this week

One hour weekly online learning ad submitted online for teacher feedback

Week 4

23 July 2018

Topic 4 - Legal Principles Governing Contracts (Part One)

Read the PowerPoint Presentation for this week

One hour weekly online learning ad submitted online for teacher feedback

Week 5

30 July 2018

Topic 5 - Legal Principles Governing Contracts (Part Two)

Read the PowerPoint Presentation for this week

One hour weekly online learning ad submitted online for teacher feedback

Week 6

6 August 2018

Topic 6 – When is a Contact Invalid?

Read the PowerPoint Presentation for this week

One hour weekly online learning ad submitted online for teacher feedback

Week 7

13 August 2018

Topic 7 – Discharge of a Contract

Read the PowerPoint Presentation for this week

One hour weekly online learning ad submitted online for teacher feedback

Week 8

20 August 2018

Topic 8 – Remedies for Breach of a Contract (Part One)

Read the PowerPoint Presentation for this week

One hour weekly online learning ad submitted online for teacher feedback

Mid Semester Break 27th August to 31stAugust 2018

 

 

 

Week 9

3 September 2018

Topic 9 – Remedies for Breach of a Contract (Part One)

Read the PowerPoint Presentation for this week

One hour weekly online learning ad submitted online for teacher feedback

Week 10

10 September 2018

Topic 10 – Contact Law for Bank Deposits and Lending

Read the PowerPoint Presentation for this week

One hour weekly online learning ad submitted online for teacher feedback.

Submit Assessment Task One

Due Date: Week 10 – Friday 14 September 2018

Week 11

17 September 2018

Topic 11 – Contact Law for Business Banking

Read the PowerPoint Presentation for this week

One hour weekly online learning ad submitted online for teacher feedback

Week 12

24 September 2018

Topic 12 – Contact Law for Insurance

Read the PowerPoint Presentation for this week

One hour weekly online learning ad submitted online for teacher feedback

Week 13

1 October 2018

Topic 13 – Contact Law for Annuities

Read the PowerPoint Presentation for this week

 

Week 14

8 October 2018

Revision for Supervised Assessment (Assessment Task Two)

Read the PowerPoint Presentation for this week

 

Week 15

15 October 2018

Supervised Assessment

Read the PowerPoint Presentation for this week

Complete Supervised Assessment (Assessment Task Two) in class

Distributed and completed by students in class of Week 15 on Friday 19 October 2018

Week 16

22 October 2018

Supervised Assessment Resits

Read the PowerPoint Presentation for this week

 


Learning Resources

Prescribed Texts


References


Other Resources

Online learning materials can be accessed by going into the RMIT web sites Online Learning Hub.

The online learning materials listed include 

  • Course outlines
  • Power point Presentations
  • Supporting Reading material
  • Industry relevant articles
  • Activities


Overview of Assessment

In order to achieve competency in this unit, you must provide:

Performance evidence

Evidence of the ability to:

  • apply principles of contract law
  • demonstrate the steps for discharge of a contract.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  • define commonly used legal terminology, institutions and main features of Australian legal system
  • outline methods used to identify appropriate information sources of Australian law
  • explain nature, aims and rationale of contracts, including agreements, intention to create legal relations, consideration, and capacity to contract
  • explain remedies for breach of contract
  • describe illegal and void contracts
  • explain privacy of contract and assignment of contract.

Assessment conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the legal services administration field of work and include access to:

  • office equipment and resources
  • legislation and regulations relevant to contract law
  • sources of information about contract law.

Feedback

Feedback will be provided throughout the semester in class and/or online discussions.  You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.

You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course. 

 

 


Assessment Tasks

This course is comprised of one single competency.

LAW5730C – Apply the Principle of Contract Law

 

You will demonstrate competency by undertaking two assessments. The assessments for this course have been designed to allow you to apply your learning to particular workplace scenarios and demonstrate your competence in a variety of ways.

 

Assessment Task 1 – Knowledge Assessment Task Due Date: Week 10 – Friday 14 September 2018

This assessment has been designed for you to progressively build your knowledge and skills in Contract Law to determine the principles of contract law in Financial Services

 You are required to demonstrate your knowledge by completing a series of theory and problem solving questions that involve research and the application of concepts relevant in financial services.

This assessment task is one of two required to demonstrate competency for this unit.

 

Assessment Task 2 - Knowledge Assessment Task Due Date: Week 15 – Friday 19th October 2018

 

For this Assessment Task you are required to demonstrate your knowledge by completing an Open book, In-Class supervised assessment comprised of a series of theoretical and practical questions

For this Assessment Task you are required to demonstrate your knowledge by completing an open book in class supervised assessment. The assessment comprises of problem solving style questions. The purpose of this task is to assess your understanding of the concepts and issues included in the course. The duration of the assessment is two hours.

 


Assessment Matrix

Submission Requirements

 

You should:

 

  • Ensure that you submit assessments on or before the due date. 
  • Always retain a copy of your assessment tasks. (hard copy and soft copy)
  • When you submit work for assessment at RMIT University you need to use the Assessment task document that includes a declaration and statement of authorship.
  • Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers.

Late Submission Procedures

You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.

If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days.

More Information:  https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/extensions-of-time-for-submission-of-assessable-work

Where an extension of greater than seven days is needed, you must apply for Special Consideration.  Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination.

More Information: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/special-consideration

Resubmissions (VET Programs):

If you are found to be unsuccessful in a particular Course Assessment Task (or you do not submit/attend) you will be allowed one resubmission.  Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. 

If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.

Grading & re-submissions

Successful re-submissions will contribute a CAG only (Competency Achieved Grading) result to your overall grade for the course.

Adjustments to Assessment

In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which the assessment arrangements might be granted please access the following website:

https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/adjustments-to-assessment

 

Marking Guide (Competency):

 

You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.

 

You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.

 

 

Marking Guide (Grading)

 

After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:

 

Final Grades table:

 

 

CHD

Competent with High Distinction

 

 

CDI

Competent with Distinction

 

 

CC

Competent with Credit

 

 

CAG

Competency Achieved – Graded

 

 

CA

Competency Achieved – Not Graded

 

 

NYC

Not Yet Competent

 

 

DNS

Did Not Submit for assessment

 

 

 

 

 

 

 

Further information regarding the application of the grading criteria will be provided by your teacher.

Course Overview: Access Course Overview