Course Description
The student will identify basic principles of law that apply to business. Through case studies, the student will practice the decision-making process and demonstrate an understanding of contracts, commercial papers, sales, personal property and bailment, and real property.
At the end of this course, students will be able to:
- Understand the nature and sources of American law
- Discuss several types of contracts, including what constitutes a contract, and define the terms: offer, acceptance, consideration, and capacity
- Know how agency relationships are formed and the duties of agents and principals and how each may be liable to third parties
- Differentiate between real and personal property and the problems posed by ownership, bailments, and transfer of each
- Differentiate between sole-proprietorships, partnerships and corporations and the advantages, disadvantages and special properties of each
- Explain the nature of negotiable instruments, their benefits and requirements
- Discuss various parts of the four basic types of bankruptcies
Topical Outline
1. The Law
2. The Constitution
3. US Government structure
4. Civil vs criminal law
5. Business organization
6. Torts/negligence
7. Contract law/digital law
8. Sales contracts/warranties
9. Negotiable instruments
10. Banking
11. Agency law
12. Employment law/EFOC
13. Business ethics/social responsibility
14. Bankruptcy
15. Real & Personal property/Bailment
2. The Constitution
3. US Government structure
4. Civil vs criminal law
5. Business organization
6. Torts/negligence
7. Contract law/digital law
8. Sales contracts/warranties
9. Negotiable instruments
10. Banking
11. Agency law
12. Employment law/EFOC
13. Business ethics/social responsibility
14. Bankruptcy
15. Real & Personal property/Bailment