Course Compact
2014/2015 Academic Session
College:
Department:
Course Code:
Course Title:
Units:
Course Lecturer:
Business and Development
Business Management
BUS 313
Business Law
Three (3)
Mrs. Ebe Oni-Ojo, Mr. Oyewumi Olabode & Mr. Olusola Olujobi
A
COURSE DESCRIPTION:
Legal rules for business in Nigeria. It comprises of: The Nigerian Legal System, Law of Contract,
Contract of Sales of Goods, Law of Agency and Hire Purchase Contract
B
COURSE OBJECTIVES/GOALS
At the end of this course, students are expected to:
1.
Understand the rudiments of Business Law in Nigeria.
2.
Appreciate the principles and the legal rules regulating the business environment in Nigeria
as well as areas in need of reforms.
3.
Be equipped to survive in the business world, the corporate world and the society in
general.
C
METHOD OF LECTURE DELIVERY/TEACHING AIDS
1.
Use of Multimedia facilities
2.
Lectures
3.
Tutorials
4.
Assignments
5.
Class Tests
6.
Examination
D.
COURSE OUTLINE
MODULE ONE: NIGERIAN LEGAL SYSTEM
Weeks 1 & 2: Introduction to Law. The sources of Nigerian Law: Customary Law. Received English
Law. Judicial Precedent including the hierarchy of Courts. Local Legislation. Law reports & textbooks.
MODULE TWO: LAW OF CONTRACT
Weeks 3: Definition of contract. Types of contract. Elements of a valid contract
Week 4: Terms of a contract. And Exemption Clauses
Week 5: Vitiating Factors of a Contract: Duress and Undue Influence, Misrepresentation, Mistake and
Non est factum.
Week 6: Privity of contract, Discharge of contract and Remedies for breach of contract
MODULE THREE: SALES OF GOODS
Week7: The Nature and Formation of the Sales of Goods, Conditions and Warranties
Week 8: Sellers’ obligations, Duties of the buyer. The remedies for breach
MODULE THREE: LAW OF AGENCY
Week 9: Definition of agency. Types of agents. Rights and duties of principal and agent
1
Week 10: Relations of principal and agents to third parties. Termination of agency
MODULE THREE: HIRE PURCHASE
Week 11: Nature of Hire Purchase transaction. Obligation of the parties and right of disposal. Discharge
of a Hire Purchase Contract.
Week 12: Alternative Dispute Resolution
Week 13: Revision.
METHOD OF GRADING



Mid-Semester Test
Test and Assignments
End of Semester Exams
=
=
=
20%
10%
70%
GROUND RULES AND REGULATION



The University guidelines on attendance requirements will be observed in this course
Improper behaviour and dressing will not be tolerated during lectures.
Active class participation will be required.
RECOMMENDED READING




Ezejiofor, Okonkwo, & Ilegbune: Nigerian Business Law.
Sagay I.E. (2000) Nigerian Law of Contract. Spectrum Law Publisher. Ibadan
Igweike K.I (2002) Nigerian Commercial Law. St. Hanbal & Co (publisher) Ltd. Pakinstan
Ndu Ifeanyi Nwokeocha. Nigerian Business and Corporate Law.(2004). Bendona & Associate.
Lagos
2