Assessment Brief 1Business and Corporate LawLSBM105Assessment Brief: LSBM105 18/19 Page 1Index1. Module Details 22. Assessment Structure 23. Learning Outcomes for the item of assessment 24. Assessment Grading 35. Assessment 1 Details 35.1 Task 35.2 Submission requirements 36. Extensions and Mitigating Circumstances 46.1 Extensions 46.2 Mitigating circumstances 47. Word Limits 4Appendix 1: Grade Criteria 0Appendix 2: Declaration of Authorship 0Assessment Brief: LSBM105 18/19 Page 21. Module Details Module Name: Business and Corporate LawModule Code: LSBM105Level 4Credit Value 30Module Leader: Krystle LewisDelivery 2018-2019 2. Assessment Structure Item of Assessment EssayAssessment Code AFM/LSBM105/1819Weighting This assignment is worth 40% of the module gradeWord Limit The word limit for this assessment is 2,000 wordsSubmission Deadline Friday/08 March 2019/3pmFeedback andProvisional Grade1 dueFeedback and provisional grades will normally be due 20working days after the submission deadlineResubmission Date Friday/14 June 2019/3pm 3. Learning Outcomes for the item of assessmentThis item of assessment covers the following learning outcomes. For the full list of learning outcomesfor the module, please refer to the Module Study Guide. Demonstrate an understanding and application of law governing businesses and assessits effectiveness Identify the main sources of law and essential elements of the legal system Apply relevant legal rules relating to the law of obligations Understand and be able to apply the law in a specified business situation/hypotheticalscenario Understand corporate fraudulent and criminal behaviour Develop the key skills of self-management (C2) and problem solving (C4)1 The grade is provisional until confirmed by the relevant assessment board(s).Assessment Brief: LSBM105 18/19 Page 34. Assessment GradingYour work will be marked in grades rather than percentages. This is considered to deliver the mostaccurate and fair outcomes for students. Each assignment that you undertake will be assessed usingthe common grading system. Information about the grading system can be found in your CourseHandbook.The Grade Criteria can be found in Appendix 1.5. Assessment 1 Details5.1 TaskRead the following scenario and answer the question below:Nikhil owes one of his suppliers, Namita 5,000 which was due to be repaid in full by 1 March. On the2 March he receives a telephone call from Namita asking him to repay the 5,000 he owes. Nikhilknows that Namita is having cash flow problems and she herself may soon have to cease trading andso he offers to pay her 3,000 that day if she will accept it in full and final settlement of the debt. Namitaagrees to accept the 3,000 in settlement of the debt and Nikhil arranges for the money to be transferredto her account.Nikhil puts an advertisement in the back window of his van which states: This van is for sale. 6 yearsold, low mileage. 5,000: Telephone: Nikhil 01273 679810. On 4 March, Vicky telephones Nikhil andasks him for his lowest price. Nikhil informs Vicky he will accept 4,000 for the van. Vicky asks Nikhilif he will hold his offer open for a few days. Nikhil agrees to hold the offer open for her until 7 March.On 5 March, Brian comes to inspect the van. Nikhil informs Brian that the van was once owned by theBeastie Girls and was used to carry their music equipment when they were on tour. Brian is a great fanof the Beastie Girls, and he readily agrees with Nikhil to buy the van for 5,000. They draw up a writtencontract, in which no mention is made of who once owned the van. It is agreed that Brian will collectthe van and hand over the purchase price on 6 March.On 5 March, Vicky, having been unable to get through on the telephone, sends a letter to Nikhil, lettinghim know that she accepts his offer to sell the van to her for 4,000. On 6 March, Nikhil sends a textto Vicky to say that he has sold the van.On 7 March, Nikhil e-mails Charlie, a friend, asking if he wants to buy his Rolex for 1,000. Charlie emails by return, asking Nikhil if he will accept payment by 3 instalments. He gets a reply from Nikhilsaying No. Later that day, Nikhil gets a message on his mobile phone. The message is from Charlieaccepting the offer of the Rolex for 1,000. Nikhil has now decided that he cannot part with the watchwhich once belonged to his great-grandfather and sends a text to Charlie stating no sale.Discuss whether a valid contract has been made between Nikhil and Vicky using the rules ofoffer and acceptance.5.2 Submission requirementsYou are required to submit this assignment by Friday/08 March 2019/3pm. You must submit yourassignment by using the Turnitin gateway in the modules Canvas site.Please Note: The act of submitting your work electronically will be taken as an acceptance of theDeclaration of Authorship (see Appendix 2).Assessment Brief: LSBM105 18/19 Page 46. Extensions and Mitigating CircumstancesApplications for extensions and mitigating circumstances, with supporting evidence (such as medicalcertificates), should be made through the Student Self-service Portal (SSP).6.1 ExtensionsIf a student experiences unforeseen circumstances that may prevent the student submitting anassignment at the first opportunity, it is possible to request an extension of up to two weeks. Thelength of extension requested will be evaluated by the Academic Administrator.The granting of an extension will depend upon the nature of the difficulty the student is experiencing,whether the difficulty could and should have been anticipated, and the extent to which thecircumstances were outside of the students control. For example, health difficulties would usuallyprovide legitimate grounds for an extension; last minute computer issues or clashing deadlines wouldnot. If an extension of up to two weeks is not sufficient the student should make a claim for mitigatingcircumstances.NB: No extensions can be granted for TCAs and examinations.6.2 Mitigating circumstancesIf a student is unable to sit an exam or submit an assignment, the student may be able to claimmitigating circumstances, which, if accepted, would allow the student to complete the assessment forthe first time at a later date, and receive an uncapped mark for it. The exam would be taken at thenext sitting or the assignment would be submitted at the next submission opportunity, following theacceptance of the students mitigating circumstances. A claim for mitigating circumstances must besubmitted before the original date for submitting the assignment or sitting the exam.Mitigating circumstances are defined as a serious or acute problem, or an event beyond a studentscontrol or ability to foresee, which has prevented completion of assignment/s or attendance atexamination/s. If a student is experiencing unforeseen or unexpected events such as serious illnessor severe disruption to their personal life that may affect the students ability to take assignment/s orsit examination/s, the student should meet with their Module Leader, Course Leader or a StudentSuccess Advisor to discuss the available options.The University of Northamptons Mitigating Circumstances Policy and Procedure document can beaccessed through our Quality and Enhancement Manual:www.lsbm.ac.uk/sr-university-partners7. Word LimitsAll written assignments include clear guidance on the maximum amount that should be written in orderto address the requirements of the assessment task (a word limit).If the submission exceeds the word limit by more than 10%, the submission will only be marked up toand including the additional 10%. Anything over this will not be included in the final grade for the itemof assessment.Abstracts, reference lists, and footnotes are excluded from any word limit requirements.Where a submission is notably under the word limit, the full submission will be marked on the extent towhich the requirements of the assessment task have been met. Generally speaking, submissions underthe word limit fall short of the requirements of the assessment task.Appendix 1: Grade Criteria An outstandingDistinctionA+ Work which fulfils all the criteria of the grade below, but at an exceptional standardA very strong Distinction A Work of distinguished quality which demonstrates strong, convincing andconsistent evidence appropriate to the task or activity.Rigorous and authoritative command of academic / professional conventionsappropriate to the discipline.A clear Distinction A- Work of very good quality which displays most, but not all, of the criteria for thegrade above in relation to the learning outcomes.A Distinction B+ Work of highly commendable quality which clearly fulfils the criteria for the gradebelow, but shows a greater degree of capability in relation to the relevant learningoutcomes.A very strong Merit B Work of commendable quality which demonstrates good, robust and convincingevidence appropriate to the task or activity.Strong command of academic / professional conventions appropriate to thediscipline.A strong Merit B- Work of good quality which contains most, but not all, of the characteristics of thegrade above in relation to the learning outcomes.A clear MeritC+Work which clearly fulfils all the criteria of the grade below, but shows a greaterdegree of capability in relevant intellectual/subject/key skills.A Merit C Work of sound quality which demonstrates evidence which is sufficient andappropriate to the task or activity.Sound command of academic / professional conventions appropriate to thediscipline.A very strong Pass ORBare/Basic MeritC- Work of capable quality which contains some of the characteristics of the gradeabove in relation to the relevant learning outcomes.A strong Pass D+ Work of satisfactory quality which demonstrates evidence of reliably achieving therequirements of the learning outcomes, but to a limited degree.Acceptable command of academic / professional conventions appropriate to thediscipline.A Pass D Work of broadly satisfactory quality which demonstrates evidence of achieving therequirements of the learning outcomes, but to a limited degree.Broadly acceptable command of academic / professional conventions appropriate tothe discipline.A bare Pass D- Work of bare pass standard which demonstrates evidence of achieving therequirements of the learning outcomes, but only to a limited degree.Broadly acceptable command of academic / professional conventions appropriate tothe discipline.A marginal Fail F+ Work which indicates some evidence of engagement with the learning outcomesbut which contains some significant omissions or misunderstanding, or otherwisejust fails to meet threshold standards.A Fail F Evidence included or provided, but missing in some very important aspects.Poor command of academic / professional conventions appropriate to the discipline.A comprehensiveFailF- Negligible or inappropriate evidence.Unsatisfactory command of academic / professional conventions appropriate to thediscipline.Academic Misconduct AG Work submitted, but academic misconduct proven and penalty given was to awardAG grade.Late submission LG Work submitted but given an LG grade due to late submission.Work of nil value NG Work submitted, but work comprises no value.Non-submission/NilattemptG Nothing presented. Appendix 2: Declaration of AuthorshipBy submitting this work electronically to LSBM and the University of Northampton, I/we confirm that I/wehave read and understood the Declaration and Definitions below:Declaration of Authorship:1. I/we hold a copy of this assignment which can be produced if the original is lost/damaged.2. This assignment is my/our original work and no part of it has been copied from any otherstudents work or from any other source except where due acknowledgement is made.3. No part of this assignment has been written for me/us by any other person except where suchcollaboration has been authorised and as detailed in the Assessment Brief.4. I/we have not previously submitted this work for any other course/module.DefinitionsI/we understand that:5. Plagiarism is the presentation of the work, idea or creation of another person as though it isones own. It is a form of cheating and is a serious academic offence which may lead toexpulsion. Plagiarised material can be drawn from, and presented in, written, graphic andvisual form, including electronic data, and oral presentations. Plagiarism occurs when the originof the material used is not appropriately cited.6. Collusion is working with someone else on an assessment task which is intended to be whollyyour own work.7. Contract cheating/Commissioning is where you contract out academic assessment to writersand purchase back the finished work and submit it as your own.8. Duplication/Replication is submitting the same material more than once for the purposes ofobtaining academic credit.9. Fabrication refers specifically to the falsification of data, information or citations in an academicexercise, typically an assignment. This includes false excuses for missing deadlines and falseclaims to have submitted work. It may be specifically referred to as falsification.10. Your completed assignment is submitted and checked for plagiarism through the use ofplagiarism detection software called Turnitin. The Course Leaders decision based on theplagiarism report is final; no appeal may be made by a student once such a decision is made.Please note: Submitting work which is not your own [and cheating in exams] can be considered asfraud2 and handled in accordance with the Academic Integrity and Misconduct Policy. Penalties caninclude:Reduction in grade for assignment.Grade for module reduced to AG [fail for academic misconduct] and right to repeatmodule withdrawn.Termination from studies.Further information on plagiarism can be found in your Course Handbooks Section 13.10.2 If a student is suspected of commissioning (e.g. paying someone to write an assignment for them), this could beclassed as fraud under student disciplinary procedures, separate to academic misconduct procedures. If proven,the consequences would be severe, including removal from their course of study.