Business Law provides an overview of general legal concepts and a study of the relationship between business and the law. The goal of this course is to gain a basic understanding of the legal basis upon which our society operates, to understand role of the law in that society and to be able to recognize business situations within the framework of legal analysis. It is a job for the lawyer to solve legal dilemmas, nonetheless, all individuals should be able to recognize potential legal and ethical issues within their career. You will gain a basic vocabulary of legal terminology and concepts. General topics include: (i) Nature and Sources of Law, (ii) Contracts, (iii) Torts and Crimes, (iv) Corporate Formation, Structure and Agency, (v) Financing, Liens, & Negotiable Instruments, and (vi) Property.
(1) understand the function that law serves in modern society
(2) be able to analyze business situations and recognize the myriad of potential legal and ethical issues involved
(3) be able to identify legal issues that should be referred to legal counsel
(4) have developed a basic vocabulary of legal terminology associated with themajor areas of the law that affect business
(5) recognize the various sources of law and know which laws are relevant to a particular business situation
Course Credits: 3
Prerequisites: Undergraduate in good standing; no other course prerequisites.
Student Learning Outcomes
- Recognize potential legal and ethical issues in various business situations.
- Identify legal issues that should be referred to legal counsel.
- Demonstrate a basic vocabulary of legal terminology associated with the major areas of business law.
- Recognize the various sources of law relevant to a particular business situation.
- Describe the function that law serves in modern society.