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BUS 252 - Business Law 2


Credits: 3
3 Lecture Hours

Prerequisites: BUS 251  

 
Description
This course is an examination of the laws of partnerships, corporations, property and title. Specialized business law relationships including landlord-tenant, insurer-insured, sales and warranty contracts, bailments and the law of negotiable instruments are studied.


Learning Outcomes
Upon successful completion of the course, the student will:

  1. Generate transactions using digital and traditional processes.
  2. Rank security interests in personal property according to correct legal tenets.
  3. Recommend appropriate remedies and suretyship for creditors.
  4. Describe the characteristics of Chapters 7, 11 and 13 bankruptcy.
  5. List the legal characteristics required for the formation, operation and dissolution of sole proprietorships, partnerships and limited liability companies.
  6. Apply the legal steps required to establish the various corporate forms of organization.
  7. Distinguish between the powers of corporate directors, officers and shareholders.
  8. List the legal processes required for corporate acquisitions, takeovers and terminations.
  9. Define how federal antitrust and administrative laws require corporate governance to protect investors from insider trading.
  10. Cite how federal consumer law is applied in various circumstances.
  11. Recognize examples of federal environmental laws.
  12. Apply employment immigration and labor law in the area of employment discrimination and other employment issues using case studies.
  13. Describe the liability of accountants and other professionals regarding compliance with business law.
  14. Distinguish between federal laws governing personal property, agency, bailmen’s, real property and landlord-tenant relationships.
  15. Identify situations in which insurance, wills and trusts would be the preferred legal instrument.
  16. Describe how international treaty law affects domestic and international corporations in a global economy.
Listed Topics
  1. Checks and the banking system
  2. Security interest, personal property, creditors’ remedies and suretyship
  3. Bankruptcy law
  4. Agency-principal, agent and third parties
  5. Sole proprietorships, partnerships and limited liability companies
  6. Corporate formation, financing, acquisitions, takeovers and termination
  7. Characteristics of corporate directors, officers and shareholders
  8. Federal laws governing antitrust, administrative and consumer law
  9. Environmental law
  10. Federal employment laws
  11. Liability of accountants and other professionals
  12. Global economy law
Reference Materials
Textbook, case studies, journal articles, study guides, handouts and library resources.
Approved By: Johnson, Alex Date Approved: 12/13/2010


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