TAX 313: Business Law (Mercantile Law)

Learning Outcomes

By the end of this course, student should be able to:

1. explain the laws of contract, agency, sales of goods, hire purchase and carriage of goods;
2. identify basic provision of Nigerian law covering insurance and banking institutions;
3. trace the sources of Nigerian law, and assess the administration of justice in Nigeria;
4. state the difference between civil and criminal liability; and
5. explain the concept of corporate personality and the doctrine of ultra vires.

Course Contents

Nigeria and international legislation governing the conduct of business. Laws of contract, agency, sale of goods, hire purchase, and carriage of goods. Negotiable instruments. Money lending, surety ship and guarantees. Basic provisions of the Nigerian Law covering insurance and banking institutions. Introduction to the source of Nigerian Law, the administration of justice in Nigeria. Distinction between civil and criminal liability, real and personal property, etc. partnership law, the meaning of corporate personality and the doctrine of ultra vires.