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;
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;
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
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
Instructors are required to maintain attendance records and to report absences
via the online attendance reporting system.
Park University 2004-2005 Undergraduate
Catalog Page 100
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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