MGMT130 Business Law

Department of Business Studies: Management

I. Course Number and Title
MGMT130 Business Law
II. Number of Credits
3 credits
III. Number of Instructional Minutes
IV. Prerequisites
V. Other Pertinent Information
VI. Catalog Course Description
This course examines the fundamentals of Business Law, the legal process and environment within which individuals and business operate, and the relationship of law, business, and the individual. Topics include the basic elements of a contract, the Uniform Commercial Code, and provision on sales and negotiable instruments.
VII. Required Course Content and Direction
  1. Course Learning Goals

    Students will:

    1. describe the scope and importance of business law;
    2. determine the fundamental concepts, principles, and rules of law that apply to business transactions;
    3. explain the function and operations of courts and governmental administrative agencies;
    4. demonstrate an understanding of the possible and potential legal problems that may arise in a doubtful or complicated situation and the necessity of consulting a lawyer and obtaining competent professional legal advice; and
    5. use analytical skills in case study analysis.
  2. Planned Sequence of Topics and/or Learning Activities

    1. understand the state and federal court systems and court procedures
    2. recognize the various classifications of contracts
    3. determine the nature of an offer and the requirements for its validity and termination
    4. recognize how a valid acceptance of an offer is made
    5. define and distinguish what consideration is and how it applies to contracts
    6. examine the various factors that affect a person's ability or capacity to enter into a valid binding contract
    7. determine if a valid assignment or transfer of rights and duties acquired by a contract has been accomplished
    8. understand the types of transactions covered under the Uniform Commerce Code, and the warranties that are treated in the sale of goods, and who is responsible for non-conforming goods
    9. discuss how the agency relationship is created and what authority that agent has opposed to someone who may appear to be acting as an agent and what liability the principal has for the acts and conduct of his agent
    10. recognize and define negotiable instruments and their use in the business community
    11. understand how commercial paper is transferred
    12. determine if the instrument was properly endorsed, liability of parties, possible defenses to the instrument, and how it it differs from assignments
  3. Assessment Methods for Course Learning Goals

    Course learning goals are assessed using a variety of quizzes, tests, classroom participation, case study analysis, and performance-based tasks.
  4. Reference, Resource, or Learning Materials to be used by Student:

    See course syllabus.

Review/Approval Date -5/04; Revised 11/2011; New Core 8/2015