RET1 Law for Economists
The course RET1 covers legal methodology, contract law, sales law, debt collection law, law of mortgages, law on monetary claims, company law and tax law. Legal methodology deals with the general guidelines for legal argumentation. Contract law concerns the rules on entering into and interpretation of contracts, and the rules concerning invalidity. Sales law concerns the rules on buyers’ and sellers’ rights in relation to delivery, and the properties of goods in connection with the purchase of moveable property. Debt collection law deals with the rules for various forms of recovery of monetary claims, separately or collectively. The law of mortgages concerns the rules that apply to various forms of security rights such as guarantees, sureties and mortgages. The law on monetary claims concerns the rules for payment transfers, the transfer of monetary claims, offsetting of monetary claims and the limitation period for monetary claims. Company law provides an overview of the rules on the various forms of company organisation, the formation of companies and the relationship between the competence of the different bodies of an entity. Tax law provides an overview of personal taxation and company taxation.
Knowledge: Has acquired a good understanding of the topics covered by the course, in particular legal methodology and contract and sales law.
Skills: Is capable of keeping up-to-date on topics in the areas of law covered by the course. Is capable of identifying issues in these areas of law. Has acquired satisfactory analytic skills, so that the student is capable of taking a stance on the issues that typically arise in the practical application of the areas of law covered by the course.
Competence: Is capable of understanding important legal issues and finding a relevant legal basis for solving legal problems using legal methodology and analysis.
Lectures, exercises and assignments.
Credit reduction due to overlap
Corresponds to RET010
Requirements for course approval
The course has two compulsory assignments that must be approved in order for the candidate to receive course approval.
School exam 4 hour
UPDATED 13 October 2020:
In the autumn of 2020, the school exam will be converted to a: 4-hour individual home exam at the same time as the originally planned exam.
Grading Scale: Pass / Fail
UPDATED 13 October 2020: In the autumn of 2020, the grading scale is: Pass / Fail
Knoph's overview of Norway's law, latest edition
- ECTS Credits
- Teaching language
Autumn. Offered autumn 2020.
Written school exams are held each semester, cf. Regulations on full-time studies at the Norwegian School of Economics, NHH, §4-5 and Supplementary provisions to these regulations, section 4.5.
UPDATED 13 October 2020: The assessment form was revised due to the ongoing corona pandemic. See assessment section for details.
Knut M. Tande, Department of Accounting, Auditing and Law.