Business Law: The Legal Environment
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1 Business Law: The Legal Environment Course Description The major purpose of Business Law: The Legal Environment is to provide you with a concise summary of the major legal principles affecting businesspeople and business transactions. It provides a quick, yet comprehensive, review of this vital and wide-ranging area of the law. You will be able to analyze business decisions from a legal responsibility perspective. Completion Deadline & Exam: This course, including the examination, must be completed within one year of the date of purchase. In addition, unless otherwise indicated, no correct or incorrect feedback for any exam question will be provided. Course Level: Overview. This program is appropriate for professionals at all organizational levels. CPE Credits: 12 (CPA) Category: Management Prerequisite: None Advanced Preparation: None Course Learning Objectives Chapter 1: Introduction to Law and the Legal System 1. Discuss the nature of law. 2. List and define the functions of law. 3. Articulate and give examples of the legal systems in the United States. 4. Describe and give examples of legal procedures Chapter 2: Crimes, White-collar Crimes, Torts, and Cybertorts 1. Identify and explain the nature of crimes. 2. Describe and give examples of torts.
2 3. Explain cyber torts. Chapter 3: Contracts, Offer, and E-Contracts 1. Illustrate the classifications of contracts. 2. Explain and prepare an offer. 3. Describe e-contracts and e-signatures. Chapter 4: Acceptance and Reality of Consent 1. Define the conditions of an acceptance. 2. Explain and define reality of consent. Chapter 5: Consideration 1. Define consideration. 2. Clarify the term preexisting obligations. 3. Explain debt compromise and composition. 4. Interpret the process of forbearance to sue. Chapter 6: Capacity of Parties and Illegality 1. Determine and explain the capacity of parties 2. Define and illustrate illegality. Chapter 7: Writing and Rights of Third Parties 1. Clarify why contracts must be in writing. 2. Explain the rights of third parties. Chapter 8: Performance and Remedies 1. Explain the conditions of a performance.
3 2. List and give examples of remedies. Chapter 9: Agency 1. Outline the process of creation of relationship and authority. 2. Define and discuss the relationship of the principal to third persons. 3. Characterize the relation of agent to third person. 4. Depict the relation of principal to agent. Chapter 10: Partnerships 1. Differentiate the relation of partners between themselves. 2. Explain the relation of partners to third persons. 3. Describe the process of dissolution and winding up the partnership. Chapter 11: Organization and Incorporation of Corporations 1. Diagram the incorporation process of an organization. 2. Outline and explain the incorporation of corporations. Chapter 12: Operating the Corporation 1. Explain the scope and limits of corporate powers. 2. Depict the operation of a corporation. Chapter 13: Corporate Securities and Foreign Corporations 1. Define the types of corporate securities. 2. Identify and give examples of foreign corporations. Chapter 14: Shareholder Rights and Liabilities 1. Discuss and illustrate the shareholder s rights.
4 2. Define and give examples of liabilities. Chapter 15: Personal Property 1. Explain the acquisition of ownership of personal property. 2. Give examples of discuss bailment. Chapter 16: Real Property 1. Differentiate between estates and interests in real property. 2. Outline the process in the acquisition of real property. 3. Discuss the concept of co-ownership of real property. 4. Distinguish between the law of landlord and tenant. 5. Describe the controls on the use of property. Chapter 17: Formation, Terms, Title, and Risk 1. Explain and define the conditions required for formation. 2. Define the terms of a contract. 3. Express the process of obtaining a title. 4. Define the factor associated with risk. Chapter 18: Product Liability 1. Explain and give example of an express warranty. 2. List and illustrate product liability. Chapter 19: Performance and Remedies 1. Describe the rules of performance. 2. List and give examples of remedies. Chapter 20: Negotiability
5 1. Characterize the nature and list the types of negotiable instruments. 2. Explain the requirements for negotiability. Chapter 21: Negotiation and Holder in Due Course 1. Define the term and requirements to be negotiation. 2. Describe and give an example of a holder in due course. Chapter 22: Liability of Parties; Checks; Documents of Title 1. Determine the liability of parties. 2. Describe the rules and regulations governing negotiable checks. 3. Explain the process to achieve and process the documents of title. Chapter 23: Secured Transactions 1. Explain the security interests in personal property. 2. Describe security interests in real property. Chapter 24: Bankruptcy 1. Summarize the conditions and requirements to declare a bankruptcy. 2. Describe the types of bankruptcy. 3. Explain the process and conditions of administration of a bankruptcy. Chapter 25: Economic Relations and the Law 1. Differentiate between competitive torts and the protection of ideas. 2. Describe and give examples of the antitrust laws. Chapter 26: Employment Law 1. State the purpose of employment legislation.
6 2. Describe Title VII. 3. Give examples of health and safety legislation. 4. Name three functions of OSHA. 5. Explain sexual harassment. 6. List other statues that prohibit discrimination in specific areas of employment
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