Contracts and liability for debts of a company (3cr)

Objective

The student is able to describe the main features of both the Finnish and EU legal systems. He recognizes the situations in which a legal act is invalid and knows how to authorize the conclusion of a contract. The student knows the rights and obligations of the parties to a debt relationship. He can describe the legal status of the guarantor. He/she is able to obtain information from legal sources and apply the information he/she has acquired in practice.

Content

- Finnish legal system
- legal system in the European Union
- Code of Juridicial procedure (228/1929)
- Promissory Notes Act (622/1947)
- Act on Guarantees and Third-Party Pledge (361/1999)

Qualifications

- Basics of Law

Assessment criteria, satisfactory (1)

The student is able to explain the legal system in Finland and the EU. He knows how to get information about Finlex. The student is able to explain the main provisions regarding authorization and invalidity of a legal act. He is broadly familiar with the role of both the parties to the debt relationship and the guarantor.

Assessment criteria, good (3)

The student is able to present the Finnish and EU legal system. He is able to obtain information from Finlex and other legal sources. He is able to apply in practice the provisions relating to authorization and the invalidity of legal proceedings. He is well acquainted with the position of both the parties to the debt relationship and the guarantor.

Assessment criteria, excellent (5)

The student is able to compare Finnish and EU legal systems. He/she is able to obtain information from legal sources and apply the information he/she has acquired in practice. He has an excellent knowledge of the rules governing both authorization and the invalidity of legal proceedings. He is thoroughly familiar with the position of the parties to the debt relationship and the guarantor.

Materials

- lectures
- other material will be announced in the beginning of the lectures