MG261 Business Law II

for F2M 2006

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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.


MG 261 Business Law II


F2M 2006 CH


Peter, Bonnie J.


Adjunct Faculty


Juris Doctor, Wake Forest University
B.S. in Business Administration, Louisiana State University
Member of the North Carolina Bar since 1974

Office Location

Park University Office at Cherry Point

Office Hours

Upon request will meet with students.

Daytime Phone

(252) 646-8079


Semester Dates

October 23, 2006 - December 17, 2006

Class Days


Class Time

7:30 - 10:00 PM



Credit Hours


West's Business Law, 10th ed., by Clarkson, Miller, Jentz & Cross

Additional Resources:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information

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: MG 260 3:0:3

Learning Outcomes:
  Core 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.

Core Assessment:

There is a final exam consisting of 13 True or False questions, 25 Multiple Choice questions and four short answer essay questions.

Class Assessment:

There is a comprehensive final exam consisting of 13 true/false questions, 25 multiple choice questions and four short answer essay questions.  Your final exam is a comprehensive exam on ALL materials assigned during the course.  This will not be a take-home exam.  This comprehensive final exam will be closed book and closed notes.  The final exam will be 40% of your grade.

In additon to the comprehensive final exam, there will be two quizzes and a mid-term exam, all being closed book, closed notes AND WILL NOT BE TAKE-HOME EXAMS.  These additional quizzes and mid-term exam are described as follows:

There will be two quizzes, each consisting of 50 true/false questions each being 15% of your grade.

The mid-term exam will be 30% of your grade, will consist of true/false and multiple choice questions.




Quiz No. 1, 100 Pts.  -   15% of Final Grade

Quiz No. 2, 100 Pts.  -   15% of Final Grade

Mid-term Exam 100 pts - 30% of Final Grade

Final Exam, 100 pts - 40% of Final Grade

The grading system below will be used.  No half-letter grades will   be awarded: 

                             90 --100   A

           80 -- 89    B

           70 --  79   C

           60 --  69   D

             0  --  59   F


Course Topic/Dates/Assignments:

Oct. 24 - Introduction of Course and Chapter 20, The Formation of Sales and Lease Contracts

Oct. 26 - Chapter 21, Title, Risk, and Insurable Interest, and begin Chapter 22

Oct. 30 - Complete Chapter 22, Performance and Breach of Sales and Lease Contracts and review for quiz on Chapters 20 - 22

Nov. 2 - Quiz on Chapters 20 - 22, and Chapter 23, Warranties and Product Liability

Nov. 7 - Chapter 24, The Function and Creation of Negotiable Instruments

Nov. 9 - Chapter 25, Transferability and Holder in Due Course and review for mid-term exam on Chapters 20 - 25

Nov. 14 - Mid-Term Exam on Chapters 20 - 25, Begin Chapter 26

Nov. 16 - Complete Chapter 26, Liabilities, Defenses and Discharge and Chapter 27 Checks, the Banking System, and E-Money 

Nov. 21 -Chapter 28, Creditors Rights, and begin Chapter 29, Secured Transactions

Nov. 23 - Thanksgiving - No class

Nov. 28 - Complete Chapter 29 and Review for Quiz on Chapters 26 - 29

Nov. 30 - Chapter 31, Agency Formation and Duties

Dec.5 -  Chapter 32, Liability to Third Parties and Termination

Dec. 7 - Capter 33, Employment and Labor Law

Dec. 12  Review for Final Exam, Chapters 20 - 33, Excluding Chapter 30

Dec. 14 Final Exam Chapters 20 - 33, Excluding Chapter 30




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 2006-2007 Undergraduate Catalog Page 87-89

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 2006-2007 Undergraduate Catalog Page 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 "W".
  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 2006-2007 Undergraduate Catalog Page 89-90

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. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: .

Additional Information:
To the students of Business Law II:  I know how important it is for each of you to achieve your personal goals.  I want to assist you to do your best in Business Law II.  During this course, please do not hesitate to ask questions. 



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Last Updated:10/8/2006 5:10:26 PM