MG261 Business Law II

for S1G 2007

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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


S1G 2007 GR


Christensen, Jonathan F.


Adjunct Faculty


B.S. Computer Science  University of North Dakota
J.D. UND School of Law

Daytime Phone



Semester Dates

January 7, 2007 - March 3, 2007

Class Days


Class Time

7:35 - 10:15 PM


MG 260

Credit Hours



Business Law: The Ethical, Global, and E-Commerce Environment. by Mallor, Barnes, Bowers, and Langvardt; Irwin McGraw-Hill, 13th ed., 2007. ISBN#: 007327139X

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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

Educational Philosophy:

The professor's educational philosophy is one of interactiveness based on lectures, readings, quizzes, dialogues, examinations, internet, videos, web sites and writings. The facilitator will engage each learner in what is referred to as disputatious learning to encourage the lively exploration of ideas, issues and contradictions.

Learning Outcomes:
  Core Learning Outcomes

  1. Describe the relationship between agent and principal 2. Examine the types of business associations.
  2. Distinguish between the rights and liabilities of business owners, whether partners, members or shareholders.
  3. Discuss the most commons forms of bankruptcy.
  4. Describe how employment laws protect employees and impose duties on employers.
  5. Define and give examples of types of intellectual property.
  6. Identify and describe some of the consumer protection laws.
  7. Identify areas where the internet has affected the law as it relates to contracting, employment and intellectual property.

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:

Assignments % of Grade                      Week Due

Class Participation  15%                     Continually

Case Studies 10%                                Continually

Mid-Term Examination 25%                   Week 4

Paper 25%                                                 Week 6

Proctored Final Examination 25%          Week 8


Assignments % of Grade                      Week Due                Points Possible

Class Participation  15%                       Continually                     45

Case Studies 10%                                 Continually                    30

Mid-Term Examination 25%                    Week 4                      75

Papaer 25%                                            Week 6                      75

Final Examination 25%                             Week 8                      75

Total Points Possible in Course                                                  300

All final exams will be comprehensive and will be closed book and closed notes.  If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth.  Electronic Computers will not be allowed on final exams unless an exception is made by the Associate Dean.

Late Submission of Course Materials:
Generally, late work will receive a 70 for the first day, 50 for the second day late, and 0 after that.  Extensions are available for very extenuating circumstances (If you are hospitalized or are deploying to Iraq, etc...).  

Classroom Rules of Conduct:

Students will be respectful of others in the classroom.  Students will comply with all of Park University policies.  All students are expected to read and be prepared to actively aprticipate in classroom activities.

Course Topic/Dates/Assignments:
The following is a summary of the topics and reading assignments for each week of this course.

Week - Topic - Reading Assignment

Week 1: Agency Law


  • Readings: Study chapters 35, 36, and "Reading and Briefing Cases" on pages 22-23.
  • Class Activities: Introduction & discussion of syllabus/assignment schedule. We will discuss agency law, the duties an agent owes to principal, the duties a principal owes to an agent, and express, implied, and apparent authority as they relate to third parties and principal liability for an agent's actions. We will also discuss how to brief case law.
Week 2: Introduction to the Forms of Business


  • Readings: Study Chapters 37, 38, and 41.
  • Class Activities: We will discuss the forms of business, the formation of a partnership, the duties of a partner to a partnership and to the other partners, and the formation of a corporation.
  • Paper Topic Due by the end of Week 2.
Week 3: The Management of Corporations


  • Readings: Study Chapters 42-44.
  • Class Activities: We will discuss the organization and financial structure of corporations, the management of corporations including the duties of the board of directors and the officers, and the rights and liabilities of shareholders.
Week 4: Secured Transactions and Bankruptcy


  • Readings: Study Chapters 28-30.
  • Class Activities: We will discuss the difference between secured and unsecured transactions, the relationship between secured transactions and bankruptcy, and the types of bankruptcies.
  • Mid-Term Exam: The Mid-Term exam will be this week.
Week 5: Employment Law and Environmental Law


  • Readings: Study Chapters 51 and 52.
  • Class Activities: We will discuss employment law and environmental law including the responsibilities of business owners to follow the various laws and consequences if the laws are not observed.
Week 6: Negotiable Instruments


  • Readings: Chapters 31, 32 (pages 791-797), and 33.
  • Class Activities: We will discuss negotiable instruments, the types of indorsements, and the liabilities of parties.
  • Paper Due by the end of Week 6.
Week 7: Consumer Protection Law and the Legal and Professional Responsibilities of Auditors, Consultants, and Securities Professionals


· Readings: Chapters 46 and 48.
· Class Activities: We will discuss the consumer protection acts and the legal and professional responsibilities of auditors, consultants, and securities professionals.
Week 8: Review and Final Examination


  • Readings: Study already assigned chapters. Review lectures.
  • Class Activities: We will review agency law, the forms of business, the formation of a partnership, the duties of a partner, the formation of a corporation, the organization and financial structure of corporations, the management of corporations, the rights and liabilities of shareholders, secured transactions, bankruptcy, employment law, environmental law, negotiable instruments, the consumer protection laws, and the legal and professional responsibilities of auditors, consultants, and securities professionals.



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: .


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Last Updated:12/21/2006 1:02:05 PM