MG261 Business Law II

for F1HH 2005

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Wright-Patterson AFB, Dayton, OH F1HH05

Course Number: MG 261
Course Title: Business Law II
Professor: Walt Gunnison, Esq.
Term Dates: 8 August – 9 October 2005
Meeting Time: Thursday, 5:30 - 10:30 P.M.
Phone: 426-9748
Prerequisite: MG260
Credit Hours: 3


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.


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

I. COURSE DESCRIPTION: A continuation of the study of contracts, agency, employment, and negotiable instruments; comparison of social responsibility and legal aspects of selected issues. Pre-requisite: MG 260 3:0:3.

II. FACULTY’S EDUCATIONAL PHILOSOPHY: One of interactiveness based on lectures, readings, examinations, and case studies. Legal issues and contradictions are explored.

III. COURSE OBJECTIVES: After completing the course, students should be able to: analyze legal issues; apply the law to various situations; grasp the fundamentals of various areas of laws covered by this course; and be able to relate the course material to their everyday life Two case brief presentations, assigned in-class problem cases, completion of mid-term and final exams. Case briefs: a one page (single-spaced) typewritten summary of a case of your choosing from the textbook which will be presented in front on the entire class (see Appendix entitled Reading and Briefing Cases on pages 18 and 19 in text for content and format). The mid-term exam will cover assigned chapters up to the date of the exam. The final exam is not comprehensive- it will only cover assigned chapters since the mid-term exam. The mid-term and final exams will consist of true/false, multiple choice, and/or short essay questions. Exams are closed book-text and/or notes are not permitted. There is no extra credit!

IV. TEXTBOOK: Business Law-The Ethical Global and E-Commerce Environment. Twelfth Edition. (Mallor, Barnes, Bowers & Langvardt). AVAILABLE: Student Study Guide and Workbook. All supplemental resource material will be provided to you in class

V. ACADEMIC HONESTY: Academic honesty is required of all members of a learning community. Hence, the university will not tolerate cheating or plagiarism on tests, examinations, papers or other course assignments. Students who engage in such dishonesty may be given failing grades or expelled from the university.

Plagiarism- the appropriation or imitation of the language or ideas of another person and presenting them as one’s original work-sometimes occurs through carelessness or ignorance. Students who are uncertain about proper documentation of sources should consult their instructor.

VI. ATTENDANCE POLICY: You are expected to come to class and be on time! Class participation is expected. Attendance will be taken at the conclusion of each class. All absences must be explained. Illness or work-related duties only are excused. In order to receive an excused absence, I must have written documentation as to why you were absent (Park UniversityPolicy). Three unexcused absences or two consecutive unexcused absences are excess and will result in an “F” for a final grade. Late exams: you must contact me and arrange for a make-up if you miss the mid-term. If you take an exam late due to an excused absence, there is no penalty and you can expect to take substantially the same exam. If the “late” is due to an unexcused absence, be aware that the make-up may differ significantly. If you miss the final, you could be in “big trouble.” Park University has very specific requirements regarding missed final exams. You should review the university catalog and paragraph XI of this syllabus. Guests (i.e., children or others) will not be brought to class. As a courtesy to other students and myself, I request that you turn off/silence cellular phones, pagers, etc. in class. If they vibrate, it is ok. If they beep, ring, etc., NO! Lecture Notes: Do not ask me for my lecture notes. They are not available!

Please note the following from the Center Administrator: Incompletes are only to be given in extenuating circumstances beyond the student’s control (e.g., excessive TDY, hospitalization, etc.). If a student does not show up for the final, an incomplete is never automatically given. Only if you contact the instructor and provide documentation for an excused absence will an incomplete be given. All incompletes are subject to approval by the Administrator. Students have 60 days from the last day of the term to make up their grade. If not made up, incompletes become “F’s.” An incomplete grade will not be issued to a student who has unexcused or excessive absences recorded for the course, nor will an incomplete be issued to students wishing to submit extra work after the term to raise a previously assigned grade.


VIII: COURSE ASSESSMENT: Lectures, homework reading assignments, class discussions, a mid-term and final exam, and case presentations. Class discussion will be centered on the problem cases identified at the end of each chapter. Successful completion of the course will depend upon a careful reading of the required text.

IX: CLASSROOM RULES OF CONDUCT: Faculty members are expected to dismiss from their classrooms students whose behaviors is detrimental to good order in the classroom. Such behavior includes, but is not limited to, the use of abusive or obscene language, attending the class under influence of drugs or alcohol, etc. Students who are dismissed from class may be given failing grades, suspension, or expulsion from Park University. Students whose behavior, either verbal or written, is detrimental to the good order of Park University may be subject to disciplinary action ranging from suspension, to expulsion from Park University. Students who exhibit abusive or obscene language or behavior toward administrative personnel or support staff are also subject to suspension or expulsion from Park University.

X. DISABILITY GUIDELINES: Park University is committed to meeting the needs of al students that meet the criteria for special assistance. These guidelines are designed to supply directions to students considering the information necessary to accomplish this goal. It is Park University’s policy to comply with federal and state laws, including Section 504 of the Rehabilitation Act. of 1973 and the Americans with Disability Act of 1990,.regarding students with disabilities and, to the extent of any inconsistency between these guidelines and federal and/or state laws, the provisions of the law will apply. Additional information considering Park University’s policies and procedures related to disability can be found on the Park University web page:



WEEK 1. Agency Law

1. The Agency Relationship Chapter 35

WEEK 2. Agency/Partnerships

1. Third-Party Relations of the Principle Chapter 36
and the Agent
2. Introductions to Forms of Business and Chapter 37
Formation of Partnerships

WEEK 3. Partnerships Continued

1. Operation of Partnerships and Related Chapter 38
2. Partners’ Dissociation and Partnerships’ Chapter 39
Dissolution and Winding Up

WEEK 4. Partnerships/Corporations

1. Limited Partnerships, LLLP’s, and Chapter 40
Limited Liability Companies
2. History and Nature of Corporations Chapter 41

WEEK 5. Regulation of Business

*************************MID-TERM EXAM**************************

1. Administrative Agencies Chapter 47
WEEK 6. Regulation of Business

1. The FTC Act and Consumer Protection Laws Chapter 48
2. Employment Law Chapter 51

WEEK 7. Regulation of Business/Special Topics

1. Environmental Regulation Chapter 52
2. Insurance Chapter 27

WEEK 8. Commercial Paper

1. Negotiable Instruments Chapter 31


************************FINAL EXAM*********************************


Grades will be weighted as follows:

Total of 100 points possible.

Case Briefs (2) 20%
Class Discussion & Participation* 10%
Mid-Term 35%
Final Exam 35%

90 - 100 pts. = A
80 - 89 pts. = B
70 - 79 pts. = C
60 - 69 pts. = D
below 60 pts. = F

Attendance, preparation, and completion of in-class problem case assignments will be used to determine the class participation score-deductions will be taken at my discretion.

Note: If you provide a stamped, self-addressed envelope, I will gladly mail your exam results, course grade, and the Grade Verification Form if you require it for employer reimbursement. I really prefer to mail to all students; some always decline. It’s your choice, but do not call or e-mail me. I will not give grades over the phone or via e-mail!