Business Law: The Legal Environment

Course Information

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Title: Business Law: The Legal Environment
Category: Business Management and Organization
Field of Study: Business Law
Course Code: M262
CPE Credits: 12.0
Price: 79.95



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.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

Course Details

Category: Business Management and Organization

Field of Study: Business Law

Passing Score: 70%

Technical Details: Business Law: Technical

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  • 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.

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QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Profession Identifiers: CPA