Upon completion of this course, students will be able to:
1. Recognize the role and importance of the legal environment of business. Describe how the law affects both business and society in conducting commercial transactions.
2. Discuss the nature and role of jurisdiction over subject matter, property, and location.
3. Explain the role, nature, history, and operational functions of various federal and state courts in the American Jurisprudence system.
4. Describe the major differences existing between torts, which are private wrongs, and public crimes as they affect the business community.
5. Recognize the nature, formation, and classification of corporations and partnerships and explain their role in business.
6. Assess the legal formation of contracts. Analyze breach of contracts and all of the implications. Explain what condition must prevail in order for a contract to be valid or void. Discuss the UCC.
7. Explain bailments and negotiable instruments as they apply to the legal environment of business.
8. Explain agency in the legal setting of business.
9. Analyze commercial problems dealing with consumer credit and bankruptcy.
10. Explain employment law and the government’s influence on business law.