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MG 261 Business Law II
Schlicht, James O.


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 BU
SemesterU1H2005
FacultySchlicht, James O.
TitleProfessor of Criminal Justice/Adjunct Faculty
Degrees/CertificatesB.A. Political Science, University of Kentucky, 1975
J.D., Duquesne University, 1978
Office Location43 Planters Circle, Lady's Island, SC 29907
Office HoursBy Appointment ONLY
Daytime Phone(843)524-1752
E-Mailjames.schlicht@park.edu
joschl1@yahoo.com
Note:  This is the preferred e-mail address
Semester DatesMarch 21 - May 15, 2005
Class Days--T-R--
Class Time7:35 - 10:05 PM
Credit Hours3

Textbook:
Clarkson, Miller, Jentz, and Cross:
West's Business Law Texts and Cases, Ninth Edition


Note:  This course will cover the first half of the text; the second half will be used for Business Law II

Textbooks can be purchased though the MBS bookstore

Additional Resources:
INFOTRAC, Library, and World Wide Web sources as recommended


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:
The instructor's educational philospohy is one of interactiveness based upon readings, lectures, dialogs, and examinations.  The instructor firmly believes in the efficacy of the Socratic Method, particularly in a course such as this where the subject matter consists of common and statutory law.

Learning Outcomes:
This is the Second Semester of a two-semester course.
Primary Learning Outcomes:
1.  Define the relationship between the American legal system and business.
2.  Explain the case law/hypothetical example format.
3.  Discuss legal issues within the relevant format.
4.  Arrive at rules of law and formulate those decisions in essay form.
5.  Explain the law of Agency and Employment law.
6.  Describe the legal construction of partnerships and corporations.
7.  Define the relationship between social responsibility and the law.
 
Students successfully completing this course will understand and appreciate the law of negotiable instruments including their function, creation, tranferability, defenses, and discharge and checks and the banking system.  Additionally, students will examine and develop an understanding of creditors' rights and bankruptcy including an overview of the law of secured transactions, creditors' remedies, and bankruptcy law in general.  Students will learn the basics of agency law and employment law including the doctrines providing for liability to third parties for employee torts, the basics of labor and employment law, and the consequences of discrimination in employment and in hiring.  The course will them move on to business organizations, where students will learn the fundamentals of various types of business organizations ranging from sole proprietorsips through partnerships and close corporations to public corporations.  Heavy emphasis will be placed upon means to limit shareholder liability, investor protection, and business ethics.  The course will conclude with an overview of government regulation wherein students will learn the basics of administrative, consumer,environmental, and antitrust law.  If time permits, there will be an overview of the basic concepts of property law and of such special topics as insurance, estate planning, professional liability, and special issues relating to small businesses.

Course Assessment:
Course assessment will be based upon a midterm and final examination and class participation.

Grading:
The midterm examination will account for 40% of the final course grade. The Final examination will account for 50% of the final course grade.  Class participation will account for 10% of the final course grade.

Grading Scale:  >90% = A; 80-89% = B; 70-79% = C; 60-69% = D; <60% = F.

Late Submission of Course Materials:
Late submission of course material, absent a showing of special circumstances, will result in a reduction by one letter grade for each day late.

Classroom Rules of Conduct:
Students are expected to come to class prepared, be properly attired, and to exhibit proper decorum.  Cell phones and pagers can be extremely disruptive, and must either be set to vibrate or be turned off during class periods.  If you absolutely must take a call, take it in the hall.

Course Topic/Dates/Assignments:
Date       Chapter Topic
June 7     24-25   Function and Creation of Negotiable
                   Instruments; Transferability; Holder
                   in Due Course
June 9     26-27   Liability, Defenses, Discharge; Checks
                   and the Banking System
June 14    28-29   Secured Transactions; Creditors'
                   Remedies & Suretyship
June 16    30-31   Bankruptcy Law; Agency Formation
June 21    32-34   Liability to 3rd Parties; Labor &
                   Employment Law; Discrimination
June 23    35-37   Proprietorships; Partnerships;
                   Corporation Formation
June 28            Midterm Exam
June 30    38-40   Directors, Officers, Shareholders
July 5     41-42   Limited Liability; Ethics
July 7     43-44   Administrative Law; Consumer Law
July 12    45-46   Environmental Law; Antitrust Law
July 14    47-49   Personal property; Real property;
                   Landlord-Tenant relationships
July 19    50-51   Insurance; Estate Planning
July 21    52-54   Professional Liability; International
                   Law; Small Business
July 26            Small Business (Cont'd) and review for
                   Final Exam
July 28            Final Exam

NOTE:  The Instructor reserves the right to vary from the above schedule to meet class needs.
   

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 2004-2005 Undergraduate Catalog
Page 101

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. <a href="http://www.park.edu/catalog">
Park University 2004-2005 Undergraduate Catalog</a> Page 101

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 2004-2005 Undergraduate Catalog Page 100

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:
This material is copyright and can not be reused without author permission.