MG261 Business Law II

for S2OO 2007

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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


S2OO 2007 WO


Hillman, Kevin S.


Adjunct Faculty


B.A., Centre College
J.D., University of Cincinnati

Office Hours

By appointment

Daytime Phone


Other Phone



Semester Dates

March 19-May 13, 2007

Class Days


Class Time

5:00 - 10:20 PM


MG 260, Business Law I

Credit Hours


Mallor, Jane, Barnes, A. James, Bowers, Thomas, and Langvardt, Arlen. Business Law: The Ethical, Global ,and E Commerce Environment. (13th edition) New York, New York: McGraw-Hill/Irwin, 2007.

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

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: MG260  3:0:3

Educational Philosophy:
The class will consist of a mixture of readings, classroom lecture, and interactive DVD case studies to develop the student’s understanding of the materials and relate how the law applies to both the business environment and the student’s every life.  Students should be prepared to discuss the readings and add their insight and opinions to create lively and informative classroom discussion.

Learning Outcomes:
  Core Learning Outcomes

  1. Describe the relationship between agent and principal
  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:
All Park University courses must include a core assessment that measures the course's Core Learning Outcomes. The purpose of this assessment is to determine if expectations have been met concerning mastery of learning outcomes across all instructional modalities. 

 For this course, the core assessment is a Comprehensive Final Examination to be administered in all sections of MG 261. This exam is worth at least 20 percent of the student's final grade and will test students' mastery of the Core Learning Outcomes (as listed on this syllabus) through definitions, essay, and/or multiple choice questions. 

 This core assessment is a CLOSED BOOK, CLOSED NOTES examination that must be administered and proctored in the classroom and may not be given as a take-home examination. Students should not have access to the exam or its questions before it is administered. The duration of the exam can be no longer than two hours. 

 No computers, or materials other than a writing instrument and a calculator without text functions and communication may be used for the exam; this applies to all students, regardless of whether the exam is for on-line or face-to-face students. Completion of the exam is strictly individual; students may not work in groups to complete the exam.

The Comprehensive Final Examination for online courses must be passed with a grade of at least 60% in order to pass the course regardless of the student’s overall average in the course.

Class Assessment:

In order to assess a student’s understanding of the legal concepts covered in this class, the following will be used:  Two quizzes, a midterm examination, a final examination, and classroom participation.

The comprehensive final is not a take-home test.  The comprehensive final is a closed book and closed note exam.


Quizzes 20% (200 points) 

Midterm 35% (350 points)

Final 40% (400 points)

Class Participation 05% (50 points)

90  to  100%          A

80  to  89%            B

70  to  79%            C

60  to  69%            D

59% and below      F

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:
The instructor will not accept assignments late without prior permission.  Assignments not submitted on the due date will receive a grade of “zero”.  If you are going to, or think that you may submit an assignment late, you need to discuss this with the instructor as soon as possible.

Classroom Rules of Conduct:

A. Attendance: Students are expected to attend each class meeting and be prepared.  If a student is unable to attend a class, the student must contact the instructor prior to the class. The student is responsible for making up all assignments and work from any missed class.  If a student is having any problems during the class, they should contact the instructor immediately for assistance and guidance.

B. Make-Up Examinations and Quizzes: If a student must miss a quiz, the mid-term, or the final examination, it is the student’s responsibility to contact the instructor or Park University prior to the scheduled examination.  Arrangements will be made so that the quiz or examination can be made available in the Park University office.  All make-up quizzed and examinations should be made up prior to the next scheduled class.  Failure to notify the instructor prior to missing a quiz or examination may result in the loss of points or a zero.

C. Extra Credit: Students are offered the opportunity to obtain extra credit in this class by writing a three to five page paper about a Federal court case of their choice which pertains to the topics studied in this course.  The student is able to earn up to ten extra points onto their final examination if they choose to complete this assignment.  If you wish to take this opportunity, you should decide on a court case and inform the instructor of your decision prior to the fourth class.  The instructor reserves the right to tell the student that he or she must choose another case because the chosen case is either inapplicable or has already been selected by another student.  Students participating in this extra credit opportunity must then submit a brief (one - two) page typed outline to the instructor by the fifth class.  The final typed paper is due at the beginning of the last class.  This paper should be typed in 11 point, Times New Roman font.  It should be double-spaced.  The instructor will not accept late papers.  If you are having difficulty obtaining a case or you need assistance in order to complete this paper, please discuss your difficulties with the instructor and I will be happy to assist in any way I can.

Course Topic/Dates/Assignments:
Week One: Credit: An introduction to credit and secured transactions and an introduction to bankruptcy law. Read Ch: 28-30, Intellectual Property Read Ch. 8


Week Two: Quiz #2 (on material covered in week one) The Agency Relationship Read Ch. 35, Third-Party Relations of Principal & Agent Read Ch. 36, Employment Law Read Ch. 51
Week Three: Partnerships Introduction to Partnership Law Read Ch. 37 Operation and Dissolution of Partnerships Read Ch. 38-39 Types of Partnerships Skim Ch. 40, You be the Judge DVD Cases Class Discussion
Week Four: Review Session Mid-Term Exam (covers all material to date)
Week Five: Property, Personal Property, Landlord Tenant, Estates and Trusts, and Insurance Law, Read Ch 23-27
Week Six:: Quiz #2 (on material covered in week five), Corporations Organization and Management of Corporations Read Ch. 42 & 43 Shareholders Rights and Liabilities Read Ch. 44 Skim Ch. 41, 45-46


Week Seven: Administrative Agencies Read Ch. 47, The Federal Trade Commission Act & Consumer Protection Laws Read Ch. 48, Antitrust Laws and the Various Antitrust Acts Read Ch. 49 & 50, You be the Judge DVD Class Discussion


Week Eight: Review Session Final Examination


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:2/25/2007 11:04:25 PM