MG261 Business Law II

for F1A 2005

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Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

CourseMG 261 Business Law II BE
FacultyIngram, Edsam M.
TitleSenior Professor
Degrees/CertificatesDoctor of Jurisprudence
Bachelor of Science
Office LocationAustin Center
Office Hours5:00 - 5:15 p.m. on Monday and Wednesday
Daytime Phone(512) 472-2057
Semester DatesAugust 22, 2005 - October 12, 2005
Class Days-M-W---
Class Time5:20 - 7:50 PM
PerquisitesMG 260
Credit Hours3

Anderson's Business Law And The Legal Enviornment, 19th. Edition, Comprehensive Volume, Twomey, Jennings, and Fox, West Publishing Company, 2005

Additional Resources:
Free handouts by instructor

Course Description:
A continuation of the study of contracts, agency, employment, and  negotiable instruments; comparison of social responsibility and legal aspects  of selected issues. Prerequisite: MG260  3:0:3

Educational Philosophy:
To help the student acquire a basic knowledge of the fundamental principles and terminology in the business field of law so the student will be able to utilize that knowledge to increase his/her awareness, understanding, and use of certain legal principles and issues.

Learning Outcomes:

To provide the student with a broader understanding of the legal system and specific issues in the law, with the emphasis on the business area.  The primary emphasis will be in the areas of business law not covered in Business Law I.

Course Assessment:
Examinations, term paper, class participation, and attendance.

The final course grade will be determined by using the following measurements:

1.  There will be three examinations during the semester.  Each examination will cover approximately one-third of the course material and will be worth 100 points.  The final examination will not be cumulative.

2.  The instructor will use handouts and cover matters not in the textbook.  The examinations will include not only the materials in the assigned chapters of the textbook but will also include the materials in the handouts and class discussions.

3.  The examination grades will be totaled and divided by three.  The following critreria, along with the student's attendance and classroom participation, will be used to assign course final letter grades:

90-100    = A (with an acceptable term paper)
80-89     = B (with an acceptable term paper)
70-79     = C (with an acceptable term paper)
60-69     = D
Below 60  = F

4.  The student's attendance and classroom participation will be considered in determining the final letter grade.  This can result in the student's final letter grade being raised or lowered.  But, attendance is expected--it is not a "bonus" for the student.  There will be no curve, either up or down, used in grading, nor will extra work be accepted for extra credit.

Late Submission of Course Materials:
The instructor expects all assignments to be turned in on time.  No late submissions will be accepted by the instructor except in exceptional circumstances (to be determined by the instructor).

Classroom Rules of Conduct:
1.  Students are expected to take their examinations at the regularly scheduled times.  Make-up examinations are discourged and are allowed only in exceptional situations (to be determed by the instructor).

2.  Students are expected to turn their cellular telephones off while in the classroom.

Course Topic/Dates/Assignments:

An acceptable term paper, plus the required total exam score, is required to earn the letter grade of "C" or better.  Requirements for an acceptable term paper are as follows:

1.  The student must prepare a typed or computer printed, double spaced, term paper consisting of at least 1,000 words.  The paper should contain at least two sources (other than the textbook).  The sources should be properly documented.

2.  The subject for this semester will be one of the following subjects:

Divorce (includig children's issues),
Torts, or
Any other law-related subject approved in advance by the instructor.

3.  These subjects were chosen because of the isues surrounding each of them--issues such as are the laws being overused, are people abusing the laws, their
effect(s) on society, etc.  In writing the paper, the student should not discuss the mechanics of these laws (how the law operates, its legal elements, etc.); instead, the student should discuss the subject's overall effect on society.

4.  The instructor expects the student to "think" when writing the paper, not to simply go on a treasure hunt for good quotations.  

5.  The textbook can be used to obtain general information regarding the subject, but the paper should be written from other sources--the student should not simply paraphrase or quite the textbook or any othr source.  The student is expected to do independent research and write the paper from his/her research.  A minimum of two other sources must be cited in the paper.

6.  The student is expected to cite his/her sources properly and to use proper grammer, spelling, and punctuation.  The student should remember that his/she is striving to attain a top grade in an upper level university course.  The paper should reflect the student's ability and motivation to do this.

7.  The student should turn in his/her completed paper by the date indicated in this syllabus.  A penalty will be assessed on the student's final course grade for late papers.  The instructor will review the paper and either approve it or return it to the student for further work.  If the paper is returned for further work, it must be competed by the date of the third examination.  Under no circumstances will the instructor extend either of these deadlines.

8.  Each paper will be granded either "acceptable" or "unacceptable".  The paper will not be awarded a letter grade.        


August 22 - Class orientation and begin chapter 21 (Personal Property and Bailments)

August 24 - Finish Chapter 21 and Chapter 25 (Product Liability, Warranties, and Torts)

August 29 - Chapter 28 (Kinds of Instruments)

August 31 - Chapter 33 (Consumer Protection)

September 5 - Labor Day holiday

September 7 - Catch up and prepare for first examination  

September 12 - First examination and work on term paper with instructor

September 14 - Chapter 34 (Secured Transactions in Personal Property)

September 16 (Friday) - Holiday makeup day - Chapter 35 (Bankruptcy)

September 19 - Chapter 36 (Insurance)

September 21 - Chapters 37 and 38 (Agency and Third Persons in Agency)

September 26 - Second Examination and work on term paper with instructor

September 28 - Chapter 41 (Types of Business Organizations)and handout by instructor

October 3 - Turn in Term Paper and Chapter 42 (Partnerships)

October 5 - Chapter 43 (LPs, LLCs, and LLPs)

October 10 - Chapter 44 (Corporations)

October 12 - Third Examination and course wrapup

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.  
Park University 2005-2006 Undergraduate Catalog
Page 85-87

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.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "WH".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.
p>Park University 2005-2006 Undergraduate Catalog Page 89

Disability Guidelines:

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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