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2012/2013  KAN-SE08  Law and Finance in the Service Sector

English Title
Law and Finance in the Service Sector

Course information

Language English
Exam ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Quarter
Course period Fourth Quarter
Time Table Please see course schedule at e-Campus
Study board
Study Board for MSc of Social Science
Course coordinator
  • Lise Lyck - Center for Tourism and Culture Management
Main Category of the Course
  • Business Law
  • Finance
  • Economic and organizational sociology
Last updated on 17-07-2012
Learning objectives
The student must demonstrate
  • basic knowledge on accounts and financial methods
  • skills in financial evaluation of intangible assets
  • ability to calculate prices for service corporations
  • knowledge and understanding of contract law
  • master legal perspectives on tangible assets
  • knowledge on the theories and models presented in the law and finance course
  • demonstrate the ability to identify a relevant problem for a service firm
  • an appropriate use of research methods
  • the ability to apply the relevant theoretical knowledge to a business case and
  • good analytic and presentation skills
Individual 4-hour written exam
Type of test Written Exam
Marking scale 7-step scale
Second examiner Second internal examiner
Exam period Spring Term
Aids Please, see the detailed regulations below
Duration 4 Hours
See which exam aids are allowed in this exam on e-campus.
The evaluation of this course consists of an individual 4-hour written exam.

The form of this exam may be changed for the make-up exam. If the number of registered participants for the make-up exam warrants it , the make-up exam may most appropriately be held as an oral exam (20 minutes).
Course content

This course provides knowledge on service business finance and on legal and contract management in service corporations. It enables students to understand and read financial accounts of corporations and to acquire skills in the valuation of intangible assets. Students will also master the law of service contract management and of the legal management and economic evaluation of intangible assets. Students will gain an understanding of the main elements of legal contract management and relate it to a real service firm. The relationship between theory and practice will be achieved by integrating the knowledge provided in the course to specific cases of real service corporations. Through its learning activities and assessment this course enhances competencies of problem solving, team work, writing and presenting academic reports for an expert audience, the coordination of project activities and the application of knowledge to practice.

Teaching methods
Lectures, case analyses etc.
Expected literature


August, Ray (2009). "Services and Labor," excerpts on services from chapter 8 of International Business Law, 5 th ed., pp. 396-409. Compendium.

Dobson, Alan P. (2009). " Negotiating the EU-US Open Aviation Area Agreement 2007 in the Context of Transatlantic Airline Regimes Since 1944 ," Diplomacy & Statecraft, pp. 136-160.

EC Treaty (1993). Treaty Establishing the European Community, Articles 10, 43 & 48.

Case C-476/98 Commission of the European Community v. Federal Republic of Germany [2002] I-09855.

Foster, Nigel (2008). "Community law: sources, forms and law-making," excerpts from chapter 4 of EU law Directions, pp. 69-81, sections 4.1-4.3.4. Compendium.

Lomio, J.P. & Spang-Hanssen, H. (2008). "Methods in Europe – A Civil Law Method," excerpts from chapter 3, sections 3.16-3.1.7, of Legal Research Methods in the US and Europe, pp. 119-122. Compendium.

Unidroit Principles. International Institute for the Unification of Private Law, Com (2009) 615 final.

August, Ray (2009). "Sales," excerpts on CISG from chapter 10 of International Business Law, 5 th ed., pp. 520-538. Compendium.

Burnham, Scott J (2003). "How to Read a Contract," Arizona Law Review, pp. 133-171.

Neumann, Richard K., Jr. (1994). "Working with Statutes, Chapter 12 of Legal Reasoning & Legal Writing, pp. 137-160. Compendium.

Lookofsky, Joseph (2008). "Sales Contract Formation," chapter 3 of Understanding the CISG, 3 rd (worldwide) edition, pp. 47-65.

Case 3.G.50.289/1991/32 United Technologies International v. Malev Hungarian Airlines (1992).

Neumann, Richard K., Jr. (1994). "An Introduction to Judicial Opinions," Chapter 3 of Legal Reasoning & Legal Writing, pp. 27-36. Compendium.

Lookofsky, Joseph (2008). "Obligations of the Parties" chapter 4 of Understanding the CISG, 3 rd (worldwide) edition, pp. 67-97.

CISG (1980). United Nations Convention on Contracts for the International Sale of Goods [hereinafter referred to as CISG].

Lookofsky, Joseph (2008). "Passing of Risk," chapter 5 of Understanding the CISG, 3 rd (worldwide) edition, pp. 99-106.

Lookofsky, Joseph (2008). Excerpts from "Remedies for Breach," chapter 6 of Understanding the CISG, 3 rd (worldwide) edition.

Neumann, Richard K., Jr. (1994). "Working with Facts," Chapter 13 & "How to Organize a Proof of Conclusion of Law," Chapter 9 in Legal Reasoning & Legal Writing, pp. 161-171 & pp. 83-102. Compendium.

Bonell, Michael Joachim (2008). "The CISG, European Contract Law and the Development of a World Contract Law," American Journal of Comparative Law, pp. 1-27.

Von Bar, Christian & Clive, Eric, eds. (2009). "Part C. Services, Chapter 1-2," in Principles, Definitions and Model Rules of European Private Law: Draft Common Frame of Reference (DCFR). Compendium.

Corrada, Suzen M.G. (2007). "The Best Laid Plans: Force Majeure Clauses in Travel and Event Contracts," Nova Law Review, pp.409 -421.

Lomio, J.P. & Spang-Hanssen, H. (2008). "Methods in Europe – A Civil Law Method," excerpts from chapter 3, sections 3.2.-3.4, of Legal Research Methods in the US and Europe, pp. 123-153. Compendium.

August, Ray (2009). "Intellectual Property," excerpts on CISG from chapter 9 of International Business Law, 5 th ed., pp. 552-482. Compendium.

Golias, Helen (2005). " Strategies for Converting Intellectual Property into Profit ," APBN Vol. 9 No. 16, pp. 804-812.

Latham, David A. (March 2008), " International Considerations in Intellectual Property Licensing ," The Licensing Journal, pp. 1-16.

Kirkconnell, James W. (2006). "Franchise Agreements and Adjudication in the United States and the European Union," Florida Journal of International Law, pp. 413-420.

Blackshaw, Ian. (2004). "Sports Merchandizing: Fighting the Fakes," International Sports Law Journal, p. 76. http://www.asser.nl/sportslaw-webroot/cms/documents/cms_sports_id60_1_ISLJ_2004-3-4Def.5.pdf

Lando, Ole. (1997). "Why codify the European Law of Contract?" European Review of Private Law, pp. 525-535.

Kerber, Wolfgang and Grundmann, Stefan. (2006). " An Optional European Contract Law Code: Advantages and Disadvantages ," European Journal of Law and Economics, pp. 215-233.



Arthur J. Keown, Financial Management: Principles and Applications, 10/E, Prentice Hall 2005.

Last updated on 17-07-2012