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

Classes

2x2-hr seminars/week for 10 weeks

Assessment

3000wd answer to a problem question (30%) and 2hr exam (70%)

Faculty/department permission required?

Yes

Unit of study rules

Prerequisites and assumed knowledge

LAWS2004 or LAWS2015 or LAWS5015

Prohibitions

LAWS3474

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Non-award/non-degree study

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Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.

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