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MG 260 Business Law I
Velasco, Jodi M.


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 260 Business Law I MT
SemesterF2RR2005
FacultyVelasco, Jodi M.
TitleAdjunct Professor
Degrees/CertificatesJ.D., University of Oklahoma College of Law
B.A., Political Science, University of Oklahoma
B.A., Women's Studies, University of Oklahoma
Office LocationComputer Lab, Education Center
Office HoursMondays, 1830 - 1930
Daytime Phone828-2238
Other Phone580-0303, Do not call after 2100
E-Mailjodi.velasco@park.edu
jodi.velasco@mountainhome.af.mil
Semester Dates17 Oct - 11 Dec 2005
Class Days-M-W-
Class Time1940 - 2210 PM
PerquisitesNone
Credit Hours3

Textbook:
Mallor, Jane P., et al.  Business Law:  The Ethical, Global and E Commerce Environment, twelfth edition.  McGraw Hill, 2004.  ISBN 0-07-256200-5.

Textbooks can be purchased through the MBS bookstore


Course Description:
The study of contracts, partnerships, employment law, and negotiable instruments and the comparison of social responsibility and legal aspects of selected issues.

Educational Philosophy:
The class will consist of readings, classroom lecture and interactive DVD case studies to develop the students understanding of the materials and relate how the law applies to the business environment as well as the student's everyday life.  Students should be prepared to discuss readings and add their perspective and opinions to encourage the lively exchange of ideas.

Learning Outcomes:

On completion of this course, students should be able to have a clear understanding of the following:

a.  Describe the historical development and content of statutory and common law.
b.  Demonstrate the ability to brief a case, including a concise statement of the facts, issues of law, the court's holding and the court's reasoning.
c.  Explain the law of contracts.
d.  Define the most common forms of bankruptcy.
e.  Describe the legal construction of partnerships and corporations.
f.  Define the relationship between social responsiblity and the law.

Course Assessment:
Students will be assessed by performance on two quizzes, a mid-term examination, a final examination, classroom participation and two case briefs.

Grading:
Mid-term and final examination, 100 points each (200 points total)
Quizzes, 25 points each (50 points total)
Class participation and attendance (50 points total)
Two case briefs, 25 points each (50 points total)

Late Submission of Course Materials:
Late assignments are not accepted without prior approval by the instructor.  Assignments not submitted on the due date will receive a grade of "zero."  If you are going to, or think you are going to, submit an assignment late, see the instructor as soon as possible.  Quizzes will not be made up.  If a student misses the mid-term or final exam, the instructor must be notified 24 hours prior and it is the student's responsibility to arrange for a make-up, with the instructor's approval.

Classroom Rules of Conduct:
A.  Attendance:  Students are expected to attend each class meeting and to be prepared.  If the student is unable to attend a class, the student must contact the instructor prior to class.  The student is responsible for making up all assignments and work from a missed class, with prior approval from the instructor.  If a student is having any problems during class, they should contact the instructor immediately for assistance and guidance.  Students will be dropped after two unexcused absences.

B.  Make-Up Examinations and Quizzes:  see above paragraph on missed quizzes and examinations.

C.  Be responsible when eating and drinking in the classroom.  Dispose of your trash when you leave the room.

D.  Extra credit:  Students are offered the opportunity to obtain extra credit in this course by writing a three to five page paper (no longer/no shorter) about a Federal court case of their choosing which pertains to the topics studied in the course.  The student is able to earn up to ten points onto their final examination if they choose to complete the assignment.  If you wish to take this opportunity, you should decide on a court case and inform the instructor of your decision prior to the fourth class.  The instructor reserves the right to tell the student that he or she must choose another case because the chosen case is either inapplicable or has already been selected by another student.  Students participating in this extra credit opportunity must then submit a brief (one to two) page typed outline to the instructor by the fifth class.  The final typed paper is due at the beginning of the last class.  The paper should be typed in 11 point, Times New Roman font.  It should be double-spaced.  The instructor will not accept late papers.  If you have difficulty obtaining a case or you need assistance in order to complete this paper, please discuss your difficulties with me and I will be happy to assist in any way I can.

E.  Academic Honesty:  Students are expected to submit their own work at all times.  Acts of cheating or plagiarism on tests, examinations, papers or other course assignments may be given failing grades or expelled from Park University.

Course Topic/Dates/Assignments:
Week One     Foundations of American Law
            Read Chapters 1 - 4
            How to Brief a Case (Supplemental Handout)

Week Two     Quiz #1 (on material covered during week one)
            What is a Contract?
            Introduction to Contracts
            Skim Chapter 9
            Formation of a Contract: Offer, Acceptance & Consideration
            Read Chapters 10 - 12
            Capacity to enter a contract
            Skim Ch 14
            Brief one case from any of the Chapters covered (must read entire case, not simply the synopsis in the Chapter - typed, single spaced and due beginning of class, 26 October)

Week Three    Defenses to Contracts
             Inadequate consent, illegality and Statute of Frauds
             Read Chapters 13, 15, & 16
             Rights of 3rd Parties
             Read Chapters 17 & 18
             Performance and Remedies
             You be the Judge DVD Cases
             Class Discussion

Week Four     Review Session
             Mid-Term Exam (covers all materials to date)
             Crimes and Torts
             Skim 5 - 7 (after Mid-Term)

Week Five     Credit
             An introduction to credit and secured transactions and introduction to bankruptcy law
             Read Chapters 28 - 30

Week Six      Quiz #2 (on material in week 5)
             Partnerships
             Introduction to Partnership Law
             Read Chapter 37
             Operation and Dissolution of Partnerships
             Read Chapters 38 - 39
             Types of Partnerships
             Skim Chapter 40
             Brief second case from any of the Chapters covered (must read entire case, not simply the synopsis in the Chapter - typed, single spaced and due beginning of class, 23 November)
             
Week Seven    Corporations
             Organizations and Management of Corporations
             Read Chapters 42 & 43
             Shareholds Rights and Liabilities
             Read Chapter 44
             Skim Chapter 41, 45 - 46
             You be the Judge DVD
             Class Discussion

Week Eight    Review Session
             Final Examination (covers materials following mid-term)

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:
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.

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:
http://www.park.edu/disability
 
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Copyright:
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