AJ200115 - Business Law


Examination arrangement

Examination arrangement: Home exam
Grade: Letters

Evaluation Weighting Duration Grade deviation Examination aids
Home exam 100/100 4 hours A

Course content

- Overview of legal sources and legal methodology
- Company law: The rules for ownership and organization of business activities. Particularly about the companies form joint-stock company, public limited company, sole proprietorship. Rules for the establishment, registration, operation and liquidation of companies, as well as the owners' financial responsibility for the company's obligations.
- Contract law: Contractual legal concepts, conclusion of agreements, interpretation of agreements, proclamation, standard contracts
- Right of purchase: Consumer protection, the relationship between law and agreement, buyer's and seller's duties upon a purchase/sale, delay, shortage, right of withdrawal
- Labor law: Labor rules, employer and employee concepts, employer's right of management, employment contract, collective agreements and duty of peace, employer's duties, employee duties, working hours, pay, vacation, legal absence from work, termination, protection against discrimination and gender equality requirements.
- Tort law: The terms of liability, especially regarding employer responsibility.
- Monetary law and credit law: The "birth, life and death" of the monetary claim, offsetting, waiver of money requirements, default, credit agreements, discretion, duty of disclosure, disclosure obligation, change of credit agreements.

Learning outcome

The subject gives an overview of the legal framework in business, as well as an introduction to key topics that are particularly relevant from a business law perspective.
The knowledge the students will acquire in this subject will give a great competitive advantage when establishing their own business. One will also benefit greatly from the subject as both future manager and employee.
Students gain insight into the relevant rules for each area, as well as training in how a rule should be interpreted and applied to specific issues.

- Knowledge of the law of law and legal method.
- A comprehensive understanding of private law rules that are relevant within the business law field.
- Knowledge of laws and regulations that are particularly relevant for businesses and managers.

- Identify, apply, discuss and solve practical legal issues within the subject theme.

- To be able to navigate safely in applicable legal rules and have an understanding of their importance for good business management.
- Increased understanding of labour laws and regulations relevant for employers and employees.
- To have the ability to relate objectively to a legal issue and to see a case from several pages.

Learning methods and activities

Pedagogiske metoder:

Lectures and exercises       

Obligatoriske arbeidskrav:

Up to two compulsory papers. The exact number will be given at the start of the course.

Compulsory assignments

  • Mandatory assignment

Further on evaluation

4 hour individual written exam
Passed mandatory exercise is valid for later continuation exams.
Permitted examination aids: Code of laws

Specific conditions

Compulsory activities from previous semester may be approved by the department.

Required previous knowledge


Credit reductions

Course code Reduction From To
SMF2294 7.5 01.09.2018
SMF2294F 7.5 01.09.2018
More on the course



Version: 1
Credits:  7.5 SP
Study level: Intermediate course, level II


Term no.: 1
Teaching semester:  AUTUMN 2020

Language of instruction: Norwegian

Location: Ålesund

Subject area(s)
  • Economics and Administration
Contact information
Course coordinator: Lecturer(s):

Department with academic responsibility
Department of International Business


Examination arrangement: Home exam

Term Status code Evaluation Weighting Examination aids Date Time Digital exam Room *
Autumn ORD Home exam (1) 100/100 A





Room Building Number of candidates
Spring UTS Home exam 100/100 A





Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
  • 1) Merk at eksamensform er endret til hjemmeeksamen som et smittevernstiltak i den pågående koronasituasjonen. Please note that the exam form has changed to home examination as a preventive measure in the ongoing corona situation.

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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