Well the short answer is - yes - there are no problems whatsoever with using Moodle to do this You are not tied to doing a course once, or within a time schedule; you can do a course as many times as you wish over different schedules - you can have your grades reset and start again or you can carry on where you left off - all of this is possible in Moodle.(edit: Bury! Just down the road from me!)
Courses and course formats
Course that students need to take every year.
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