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Mar 14, 2025
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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:
- Generate transactions using digital and traditional processes.
- Rank security interests in personal property according to correct legal tenets.
- Recommend appropriate remedies and suretyship for creditors.
- Describe the characteristics of Chapters 7, 11 and 13 bankruptcy.
- List the legal characteristics required for the formation, operation and dissolution of sole proprietorships, partnerships and limited liability companies.
- Apply the legal steps required to establish the various corporate forms of organization.
- Distinguish between the powers of corporate directors, officers and shareholders.
- List the legal processes required for corporate acquisitions, takeovers and terminations.
- Define how federal antitrust and administrative laws require corporate governance to protect investors from insider trading.
- Cite how federal consumer law is applied in various circumstances.
- Recognize examples of federal environmental laws.
- Apply employment immigration and labor law in the area of employment discrimination and other employment issues using case studies.
- Describe the liability of accountants and other professionals regarding compliance with business law.
- Distinguish between federal laws governing personal property, agency, bailmen’s, real property and landlord-tenant relationships.
- Identify situations in which insurance, wills and trusts would be the preferred legal instrument.
- Describe how international treaty law affects domestic and international corporations in a global economy.
Listed Topics
- Checks and the banking system
- Security interest, personal property, creditors’ remedies and suretyship
- Bankruptcy law
- Agency-principal, agent and third parties
- Sole proprietorships, partnerships and limited liability companies
- Corporate formation, financing, acquisitions, takeovers and termination
- Characteristics of corporate directors, officers and shareholders
- Federal laws governing antitrust, administrative and consumer law
- Environmental law
- Federal employment laws
- Liability of accountants and other professionals
- 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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