Fundamentals of Business Law

Fundamental knowledge of the tenets of business law is essential for anyone contemplating a career in business. This course provides a solid foundation in the concepts of business law by exploring the Uniform Commercial Code with particular emphasis on contracts for the sale of goods—including warranties and product liability—as well as the law of negotiable instruments, including drafts, trade acceptances, checks, and promissory notes. Also covered are the important common law principles of contract law, including agreement, consideration, capacity, legality, defenses to contract enforceability, third-party rights, breach, and remedies. Covenants not to compete in employment contracts and in the sale of an ongoing business are explored. Forms of business organization such as sole proprietorships, partnerships, corporations, and limited liability companies are reviewed, and the advantages and disadvantages of each form are discussed. The constitutional environment of business as set forth in the Commerce Clause—Article 1, Section 8 of the US Constitution—and the expansion of federal regulatory power as interpreted by US Supreme Court decisions are analyzed.

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You'll Walk Away with

  • A basic familiarity with standard business law terms
  • A general understanding of the court system and types of routine business agreements
  • Knowledge of how to seek redress of civil or business disputes
  • A general understanding of some of the statutes, rules, and regulations that govern commercial transactions

Ideal for

  • Students with little to no knowledge of business law
  • Anyone who is contemplating a career in business
NO open sections available for this course at the moment. Please check back next semester.