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MG 261 Business Law II
McPherson, Michael L.


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.
CourseMG 261 Business Law II
SemesterF2Z2004
FacultyMcPherson, Michael L.
TitleSenior Professor of Business Law/Adjunct Faculty
Degrees/CertificatesB.A. St. Olaf College 1969
J.D. University of Montana School of Law 1972
M.B.A. University of Montana School of Business 1989
Office LocationUS Bank Building - Suite 320, 300 Central Ave, Great Falls, MT
Office Hours4:00 p.m. to 5:00 p.m. Mon-Fri and by appointment at other times
Daytime Phone406/452-3456
Other Phone406/452-1979
E-Mailmcpherson@park.edu
mcpherson@mchlawfirm.com
Web Pagehttp://mchlawfirm.com
Semester DatesOct. 18 - Dec. 19, 2004
Class Days-M-W---
Class Time5:00 - 7:30 PM
PerquisitesBusiness Law I (MG 260)
Credit Hours3

Textbook:
Mallor, Barnes, Bowers and Langvardt, Business law, Twelfth Edition, published by McGraw Hill/Irwin 2004.

Course Description:
A continuation of the study of contracts, agency, employment, and negotiable instruments; comparison of social responsibility and legal aspects of selected issues. Pre-requisite: MG260.  3:0:3

Learning Outcomes:
The student will:

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's remedies for payment on a secured transaction against the debtor or the debtor's security.
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.

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.

Course Assessment:
Quizzes, class discussion and a paper are required.  The paper will be two pages long, typewritten, double-spaced with one inch margins.  Grammar must be appropriate with correct sentence structure and punctuation. This paper cannot be late.  If late, no points.  If the student cannot attend class to turn in his/her paper, it must be turned in early.

Grading:
Quizzes (5) . . . . . . . .   450 points    A - 450 +
 Each of the Quizzes is worth 90 points    B - 400 - 449
Paper  . . . . . . . . . .     30 points    C - 350 - 399
Class Participation .     20 points    D - 300 - 349
                                           F -- Below 300

NOTE: The point total on any quiz is the maximum possible even with extra credit.

 Class ActivitiesAssignments
Meeting - 1
October 18 - Mon
Chapter 28pp. 628-637
Meeting - 2
October 20- Wed
Chapter 28pp. 638-647
Meeting - 3
October 25 - Mon
Chapter 29pp. 648-657
Meeting - 4
October 27 - Wed
Chapter 29 Reviewpp. 658-671
Meeting - 5
November 1 - Mon
First Quiz & Chapter 30Chapters 28 & 29
pp. 672-683
Meeting - 6
November 3 - Wed
Chapter 30pp. 684-699
Meeting - 7
November 8 - Mon
Second QuizChapter 30
Meeting - 8
November 10 - Wed
Paper AssignQuestion 6 p. 697
Meeting - 9
November 15 - Mon
Chapter 31pp. 702-718
Meeting - 10
November 17 - Wed
Chapter 32pp. 719-733
Meeting - 11
November 22 - Mon
Paper Due &
Chapter 32
pp. 734-744
Meeting - 12
November 24 - Wed
Chapter 33pp. 745-755
Meeting - 13
November 29 - Mon
Chapter 33pp. 756-763
Meeting - 14
December 1 - Wed
Third Quiz &
Chapter 35
Chapters 31-33
pp. 784-799
Meeting - 15
December 6 - Mon
Chapter 36pp. 800-816
Receive Handout
Meeting - 16
December 8 - Wed
Fourth Quiz &
Handout
Chapters 35 & 36
Business Organizations
Meeting - 17
December 13 - Mon
Chapter 51pp. 1164-1198
Meeting - 18
December 15 - Wed
Fifth QuizChapters 28-33, 35, 36, 51 & Handout
Meeting - 19  

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.
Park University 2004-2005 Undergraduate Catalog
Page 101

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 "WH".
  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 2004-2005 Undergraduate Catalog Page 100


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.  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: http://www.park.edu/disability .

Copyright:
This material is copyright and can not be reused without author permission.