BUS 243 - Legal Environment of Business
This course examines the contemporary legal environment as it relates to business. Among the topics covered are the origins of law and the legal system; ethics and social responsibility of business; contracts and non-contractual injury; agency relationships; governmental regulations of trusts, securities, employment and the environment; the Uniform Commercial Code; and international law affecting business.
Upon successful completion of this course, students should be able to:
Describe how our law is derived from common and statutory law, constitutional interpretation and administrative regulations.
Identify the federal and state court systems, jurisdiction and functions.
Discuss the ethical and social responsibility of business.
Discuss contracts including the formulation, dissolution and remedies for breach.
Examine non-contractual injury, including negligence, strict liability, intentional torts and business-related torts.
Describe the agency relationship and other business organizations, such as partnerships and corporations.
Discuss the government regulations of business as they pertain to anti-trust, securities, employment and the environment.
Examine the Uniform Commercial Code with special emphasis on sales, personal property, commercial paper and secured transactions.
Identify current legislation and trends in international law.
Lecture Hours: 3
Course Prerequisites: ENG 100