This course introduces fundamental principles of law as applied to ordinary business relationships, sources of business law, the essential elements of a contract, the agency and employment relationships, negotiable instruments, bailments, personal property, and the sale of personal property. Emphasis is placed on the Uniform Commercial Code.
- Demonstrate an awareness of and a deeper appreciation for the ethical and social consequences of business decisions.
- Describe the evolvement and essential concepts and procedures of the American system of jurisprudence.
- Explain the broad principles of law relating to contracts, torts, sales, consumer protection, property (real, personal, and bailments), agency, employment relationships, business organizations, and governmental regulation.
- Describe the nine articles of the Uniform Commercial Code with particular attention to the subject of negotiable instruments.
- Apply basic legal knowledge to make judgements and decisions within the context of the legal environment of business.