Commercial Law

Universidad Carlos III de Madrid

Course Description

  • Course Name

    Commercial Law

  • Host University

    Universidad Carlos III de Madrid

  • Location

    Madrid, Spain

  • Area of Study

    Business Administration, Economics, Legal Studies, Management

  • Language Level

    Taught In English

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    1) Knowledge- This knowledge is refered to both theory and practical aspects.

    This includes:
    -To know the requirements to become a sole trader or a partnership.
    -To learn the rules to draw up the articles of association
    -To learn the legal instruments that govern industrial property rights in connection with companies
    (patents, trademarks, brands, industry designs, among others) as well the advantages and
    disadvantages of securities.
    -To examine bankruptcy law applicable in the event of corporate insolvency.

    2) Skills:
    -improving the ability to advise companies
    -working individually or in team
    -ability to negotiate

    3) Attitudes
    -Implementation of mandatory law rules related to business corporations
    -Flexibility of regulatory commercial law

    4) Abilities- Possibility of applying theoretical concepts in real situations: partnership agreement,
    application for registering in the different types of industrial property, learning to write and fill out the
    documents related to financial securities; how it file bankcruptcy proceeding request.

    -The concept of commercial law: characteristics, sources and factors that affect it.
    -Companies, employers and starts up.
    -Legal framework of sole traders and partnerships ( requirements)
    -legal obligations of employers
    -legal tools to protect trading companies
    -The theory of trading companies
    -General partnerships, general and limited partnership, a joint-stock companies
    -Corporations: general theory
    -Corporations: bodies and structure changes
    -Limited liability Companies.

    Introduction to commercial agreements. General theory of commercial purchasing agreement.

    -Renewing the commercial agreements: collaboration contracts, financing, transportation and insurance contracts.
    -Introduction to law applicable to currencies and interest rates: letter of exchange, bank checks, promissory notes
    -Introduction to bankruptcy law: General Theory, principles, bodies, bankruptcy effects, legal remedies, and types.

    Passing the subject will mean that the theoretical concepts have been learnt through master classes, seminars and especifics workshops as well a practical ones ( using practical cases, certificates of incorpation, legal actions and judgments).
    The subject is made of ETCS. The practical classes and workshops will be up to 40% of ECTS and the theory classes up to 60% of those credists. Anyway, according to the legislation about college degrees. (Implementing higher education European agreements) will be taken in account to set the amounts of student's study hours. Both theory and practice will enable students to know the fundamentals of commercial law. Knowledge required to the future of student¿s careers (business management and administration and activities about the corporate strategy among other related to business world).
    Likewise, the knowledge of these subjects is necessary to understand the rest of especialised subjects contained in the degree.

    The evaluation will be continous about the competences learnt and based on the following criteria.

    -Passing the exam containing exercises and theory
    -Participation and classes attendance.
    -Continuous evaluation of students, taking in account the participation in class activities, in research assignments (workshops and practices realized)
    -The purpose of evaluation is verifying whether the students have fulfilled their learning goals as a whole.
    -With the evaluation students will show that they have the skills and knowledge of the subject matter, ability to give opinions, ability to communicate the knowledge acquired in the learning process.

    Eventually, the aim is to acquire a professional skills, knowledge and abilities and capacities to work in a team within the corporate legal environment,

    Final exam grade: 60
    The rest of the evaluation.40
    % end-of-term-examination: 60
    % of continuous assessment (assigments, laboratory, practicals?): 40


Course Disclaimer

Please note that there are no beginning level Spanish courses offered in this program.

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.


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