Result seen to be wrong around university (5)
I believe the answer is:
ensue
'result' is the definition.
(to ensue is to occur or result)
'seen to be wrong around university' is the wordplay.
'to be wrong' indicates an anagram (I've seen 'is wrong' mean this).
'around' means one lot of letters goes inside another.
'university' becomes 'U' (abbreviation for university).
'seen' with letters rearranged gives 'ense'.
'ense' going around 'u' is 'ENSUE'.
(Other definitions for ensue that I've seen before include "Leading directly to" , "Occur as a result (of)" , "Follow afterwards" , "Befall" , "Come about, result in" .)