Textbooks can be purchased though the MBS bookstore
Course Description: Introduction to the law: contracts, agency, employment, and negotiable instruments; comparison of social responsibility and legal aspects of selected issues. 3:0:3
Educational Philosophy: To provide students with a basic understanding of the American legal system and general legal principles that have relevance to the organization and operation of business.
Learning Outcomes:1. Recognizes the role and importance of the legal environment to business, and how law affects both business and society, in conducting commercial transactions.
2. Discuss the nature and role of jurisdiction over subject matter, property, and locations.
3. Explain the role, nature, history, and operational functions of various federal and state courts, in the American jurisprudential system.
4. Describe the major differences existing between private wrongs and public crimes, as they affect the
5. Recognize the nature, formation, and classification of contracts, and explain the role of the basic elements of a contract. These elements are: Offer, Acceptance, Consideration, Capacity, and Legality.
6. Assess the legal problems of genuineness of assent, and what conditions must prevail in order for a contractual offer to be null and void, relative to absence of genuineness of assent.
7. Explain how the Statute of Frauds rule functions, and the effects of the Parole Evidence rule, relative to
written contracts required under the Statute of Frauds.
8. Explain the rights of assignment, delegation, and the third party beneficiary contracts as they affect business, including remedies available for breach, and their discharge.
9. Analyze commercial problems, dealing with sales contracts, from the standpoint of issues, courses, and potential solutions when performance is incomplete, and a breach of contract develops.
10. Explain the role and operational characteristics of warranty of title, express warranty, warranty of
merchantability and fitness for a particular purpose, and implied warranty. Discuss product liability for manufacturers.
11. Describe the role of personal property relative to property rights, and the elements of bailments, and
how they function in different bailment situations.
12. Above all things to avoid the unauthorized practice of law or acting at legal peril, for students to be sophisticated enough to know when to contact an attorney. In other words, to be able to recognize a
serious legal matter, before it becomes a crisis.
Course Assessment: Grades will be based on midterm and final examinations and class participation in small group problem solving and presentations.
Grading: The final course grade will be determined using the following measurements:
Class Participation: 100 points
Mid-term Examination: 200 points
Final Examination: 200 points
The following will be used to assign course letter grades:
F Below 299
Late Submission of Course Materials: Makeup examinations will only be given in cases of extreme emergency.
Classroom Rules of Conduct: Please turn off all cell phones and pagers before entering class. If there is an emergency situation a special arrangement will be worked out.
Plagiarism:Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2005-2006 Undergraduate Catalog Page 85-87
Attendance Policy:Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.
Park University 2005-2006 Undergraduate Catalog Page 89
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Park University is committed to meeting the needs of all learners that meet the criteria for special assistance. These guidelines are designed to supply directions to learners concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the American with Disabilities Act of 1990, regarding learners with disabilities and, to the extent of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page:
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