Course Information

The major purpose of Business Law: The Legal Environment of Business 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.

• Recognize the basic concepts of law.
• Recognize elements of the court system in the United States.
• Recognize the definition and elements of different crimes.
• Identify different characteristics of contracts and offers.
• Recognize the valid use of e-signatures.
• Recognize the conditions of an acceptance of a contract.
• Understand the definition of fraud.
• Recognize the relationship between a promise and consideration.
• Recognize the definition of the capacity of parties.
• Identify situations that produce illegality.
• Recognize the obligations in a collateral contract.
• Identify terms of assignor’s liability.
• Identify the conditions of performance.
• Recognize examples of damages and remedies.
• Recognize the process of creation of a relationship.
• Identify the relation of principal to agent and agent to a third person.
• Identify the characteristics of a partnership.
• Recognize the process of dissolution of a partnership.
• Identify the purpose of the articles of incorporation.
• Recognize different entities that may be a corporation.
• Recognize operational requirements of a corporation.
• Recognize laws used to protect investors.
• Recognize characteristics of shareholder’s rights.
• Identify aspects of ownership rights of personal property.
• Recognize characteristics of real property.
• Identify the attributes of co-ownership of real property.
• Recognize the conditions required for contract formation.
• Understand some of the nuances in the process of obtaining a title.
• Identify attributes of the liability for negligence.
• Recognize some rules concerning product liability.
• Recognize rules of the Uniform Commercial Code.
• Identify the requirements for negotiability.
• Recognize some types of endorsements used during a negotiation.
• Recognize the liability of parties with regards to negotiable instruments.
• Recognize some security interests in real property.
• Identify types of bankruptcy.
• Identify general areas of protection within the law.
• Recognize definitions and examples of the antitrust laws.
• Recognize the purpose of employment legislation.
• Identify purposes of enacting workers’ compensation statutes and characteristics under Title VII.
• Identify the scope and provisions of OSHA.