BUS-227 Business Law

A study of legal principles applied to business transactions. Topics covered include: the origins of legal rights, ethics, court systems and procedures, constitutional authority, and contract law, agency and Torts.

Credits

3

Department

• Business

Semesters Course Will Be Offered

• Fall
• Spring

For more detailed course information view the Course Outline

BUS 227: Business Law

Department

Business

Course Description

A study of legal principles applied to business transactions. Topics covered include: the origins of legal rights, ethics, court systems and procedures, constitutional authority, and contract law, agency and Torts.

Credit Hours

3

Contact Hours

Lecture	3
Lab	0
Other	0

Grading Scheme

Letter

Semester(s) Course Will Be Offered

Fall, Spring

Course Learning Outcomes

1. 1. Evaluate an ethical dilemma and select the appropriate course of action
2. 2. Demonstrate knowledge of the US legal system as it relates to business
3. 3. Determine the probable outcome of a legal issue in the business field
4. 4. Examine how U.S. Constitutional law affects businesses
5. 5. Differentiate between the common law of contracts and those contracts governed by the Uniform Commercial Code

Topic Outline

1. Introduction to Law and the Legal System Foundations of Law Court Systems 
2. Constitutional Law Constitution of the United States of America Bill of Rights Constitutional Law for Business and E Commerce Supremacy Clause Commerce Clause 
3.  E-commerce and the Constitution Business Ethics Business Law vs. Business Ethics and the Culture of a company 
4.  Business Organizations Sole Proprietorships and Partnerships Corporations: Formation and Financing Corporations: Directors, Shareholders, and Others Limited Liability Companies and Partnerships 
5. Contracts - Part I Common Law vs. Uniform Commercial Code Nature and Classification of Contracts Agreement Consideration Capacity Genuineness of assent 
6. Contracts - Part II Legality and statue of frauds Third party rights Performance and discharge Breach of contract and remedies 
7. Sales and Lease Contracts The Formation of sales and lease contracts Title, Risk and insurable interest Performance of sales and lease contracts Remedies for breach of sales and lease contracts 
8. Agency formation and duties Liabilities to third party and termination 
9. Torts Basic Business Torts Negligence and product liability