MG261 Business Law II

for F2Z 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


F2Z 2006 ML


McPherson, Michael L.


Adjunct Faculty


Bachelor of Arts
Master Business Administration
Juris Doctorate

Office Location

US Bank Building, 300 Central Avenue, Suite 320, Great Falls, MT

Office Hours

8:00 a.m. - 5:00 p.m.

Daytime Phone

(406) 452-3030 (work)

Other Phone

(406) 761-1979 (home)


Semester Dates

October 16, 2006 - December 15, 2006

Class Days


Class Time

5:00 p.m. - 7:30 p.m.

Credit Hours



Clarkson, Miller, Jentz and Cross, West's Business Law, Tenth Edition

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.

Educational Philosophy:
The professor's educational philosophy is one of interactiveness based on lectures, readings, dialogues, examinations, papers and independent studies.  The professor will engage each student in a dialogue designed to encourage the student to explore alternative approaches to solving problems and exploring new ideas.

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.

  Instructor Learning Outcomes
  1. Build on his/her legal vocabulary associated with the more complex legal areas covered.
  2. Explain what a secured transaction is and how to enter one.
  3. List a creditor
  4. Explain the differences among the three most common forms of bankruptcy and list the common processes.
  5. Explain how an agency relationship is formed and how it is terminated.
  6. List the liabilities which arise between agents and third parties and principals and third parties.
  7. List the three most common forms of businesses and explain the differences among them.
  8. Explain how ethics plays a major role in all business decision making.
  9. State how negotiable instruments function in the marketplace.
  10. Explain how to create a negotiable instrument.
  11. Explain how negotiable instruments are transferred from one business (person) to another.
  12. Explain the liability of a transferor of a negotiable instrument to the transferee.
  13. State the defenses available against all holders (including "holders in due course") when payment is sought.
  14. List five major pieces of federal legislation affecting businesses and explain the fundamental reasons for such legislation.
  15. Define employment discrimination and list several federal statutes enacted to protect minorities.
  16. List the defenses to a claim of employment discrimination and explain the reasons behind each defense.
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:

Final grades will be based on three exams, two papers and the student's participation in class.  The partial comprehensive final is not a take-home test.  The partial comprehensive final is a closed book and closed notes exam.


A.     Exams                                      Points                                Grade

         First                                             100                                 A -- 450+

         Mid-Term                                     150                                 B -- 400-450

         Final                                            200                                C -- 350-400

B.      Two Papers (20 points each)        40                                D -- 300-350

C.      Class Participation                        10                                F -- Below 300

          TOTAL POSSIBLE POINTS           500




























































































Late Submission of Course Materials:

Two papers are required.  The papers each will be two pages long, typewritten, double-spaced with one inch margins. Grammar must be appropriate with correct sentence structure and punctuation.   If students cannot attend class to turn in their paper, paper must be turned in early. If papers are late without prior approval, 5 points will be deducted for each class period the paper is late.   Exams must be completed no later than the class after the class on which the exam was given (unless TDY with orders). One fourth points will be deducted for late exams without prior approval. No points will be given for an exam greater than two class periods late. 

Classroom Rules of Conduct:

Students are required to read all assignments prior to class and be prepared to discuss the material assigned. Class participation is expected and will form a part of the final grade. Students are expected to attend class. Students are allowed two consecutive absences. If a student exceeds the absence maximum of two, a report will be made to the Military Resident Center Administrator. Absences caused by circumstances beyond students control (i.e. illness, TDY, or Military Mission Requirements) will be excused. [In cases of TDY, students must turn a copy of their orders into the instructor or school office].

Course Topic/Dates/Assignments:

The following literacies will be included in the Business Law II course:

1. Critical literacy - The Business Law II course will require the student to write one paper in which the student will identify a presented problem, gather and evaluate various solutions to the problem and effectively communicate the chosen solution in writing. The course will require the student to acquire tools for identifying, evaluating and communicating information to solve ethical and judicial issues.

2. Civic literacy - The course will include how judicial decisions and law making are affected by social, political and economic systems and problems on a national and international level.

3. Values literacy - The course will include topics of ethics and values and methods to identify how business legal decisions are affected by such topics.



Study Assignment

October 16, Monday


pp. 478-494

October 18, Wednesday


pp. 495-502

October 23, Monday


pp. 502-514

October 25, Wednesday

First Paper Assigned

pp. 515-524 Answer Q 25-6, p. 513

October 30, Monday


pp. 524-535

November 1, Wednesday


pp. 536-546

November 6, Monday

First Paper Due

pp. 547-562

November 8, Wednesday


pp. 478-562

November 13, Monday

2nd Paper Assigned

pp. 568-580 Answer Q 28-6 p. 579

November 15, Wednesday


pp. 581-604

November 20, Monday


pp. 605-635

November 22, Wednesday


pp. 636-650

November 27, Monday

2nd Paper Due

pp. 651-669

November 29, Wednesday

         Exam 2

pp. 568-669

December 4, Monday


pp. 670-692

December 6, Wednesday


pp. 693-716

December 11, Monday


pp. 963-986

December 13, Wednesday

      Final Exam

pp. 670-716
pp. 963-986

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
Students are expected to do their own work in all classes.  Submitting someone else's work as your own (plagiarism) is a violation of academic honesty.

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
The appropriation or imitation of the language or ideas of another person and presenting them as one's original work -sometimes occurs through carelessness or ignorance.  Students who are uncertain about proper documentation of sources should consult their instructors.

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:10/3/2006 6:01:18 PM