Equity and Financial Risk Allocation (LAWS5174)
UNIT OF STUDY
The objective of this unit is to introduce the role of equity as a potential mechanism for allocating risk in commercial transactions. The unit introduces equitable doctrines not covered in the Equity Unit, such as penalties, the doctrines of contribution, subrogation, marshalling and set-off. The Unit explores how these doctrines assist in determining how parties in a commercial transaction should bear the financial risk. It also compares and contrasts the equitable principles with analogous common law rules and considers the impact of statute on these doctrines.
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Further unit of study information
2x2-hr seminars/week for 10 weeks
3000wd answer to a problem question (30%) and 2hr exam (70%)
Faculty/department permission required?
Unit of study rules
Prerequisites and assumed knowledge
LAWS2004 or LAWS2015 or LAWS5015
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