Textbooks can be purchased though the MBS bookstore
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:Upon successful completion of this course, each student will be able to:
1. Actively apply basic principles of the American legal system to circumstances involving today's business environment.
2. Effectively brief a case and explain it.
3. Understand the essential principles of the following areas of the law:
d. Commercial Paper
4. Gain a working knowledge of the above principles, applying the law to factual situations in court decisions.
5. Identify the differences between partnerships and corporations, and understand the positive and negative aspects of each entity.
6. Understand how agency relationships govern modern business practices.
7. Understand how the laws of credit and commercial paper govern how we run businesses.
Course Assessment: Lesson assignments, case briefs, and a final comprehensive examination.
Grading: Final Comprehensive Examination 50 percent
Class Participation (Homework assignments) 50 percent
The grading scale for this class is:
100-90 Points = A
89-80 Points = B
79-70 Points = C
69-60 Points = D
Below 60 Points = F
Late Submission of Course Materials: Assignments are due at the start of the assigned class period.
a. Late Homework: I do not accept late homework.
b. Make-up Examinations: Make-up examinations will only be given with a valid excused absence and approved by the instructor. Make-up exams will be given ONLY in cases of legitimate and documented reasons for absence. All make-up tests must be scheduled before the next class session or a zero will be given for the exam. If a make-up test is granted, I will schedule a day for taking the missed exam.
c. Incompletes: As a rule, incomplete grades will not be given. Incomplete grades will not be given for student laziness (i.e. work not in on time; missing exams; student missing final...etc.) Exceptions to the rule do exist, however: If a death in the student's immediate family (spouse, child, parent, grandparent, sibling, aunt, or uncle) affects the overall performance of the student in the course or if the student missies a significant portion of the class due to their hospitalization, the student may be allowed to petition for an incomplete and make up the work. The instructor retains the right to veto any such petition, or grant an incomplete in other unforeseen circumstances.
d. Withdrawals: The enrollment status of the student in this course is solely the responsibility of the student. If you wish to change your status in this course, be sure that you file the appropriate paperwork with the registrar before the appropriate deadlines. If you wish to drop, do not just stop coming to class!!!!
Get to the Campus Center Director and file a withdrawal slip. I will continue to consider you part of this class until notified otherwise by the Campus Center Director.
Classroom Rules of Conduct: 1. I expect you to read the syllabus and to make yourself aware of all requirements and deadlines
associated with this class.
2. Be prepared for class. This means that you have read the assigned readings and are prepared to discuss
them. This course will consist of class discussion and lecture. You are expected to take part in the discussions. Also, every aspect of the assigned readings will not always be reviewed in class, but examinations will be from both assigned readings and class discussions.
3. I expect you to ask for help, if you need it. The instructor is available outside of class to help you, but
you must initiate the contact. The sooner you seek help, the better!
Course Topic/Dates/Assignments: Week Topic(s) Reading/ Homework
26 & 28 October Credit and Secured Transactions; Bankruptcy Chapters 28-30
2 & 4 November Negotiable Instruments; Liability of Parties; and Checks, Electronic Transfer Chapters 31-34
9 & 11 November Agency and Third-Party Relations Chapters 35-36
16 & 18 November Partnerships: Introduction, Formation, and Forms Chapters 37-38
23 November Partnerships: Dissociation and Dissolution, and Limited Partnerships Chapters 39-40
30 Nov & 2 Dec Corporations Chapters 41-46
7 & 9 December Regulation of Business Chapters 47-52
14 & 16 December Review and FINAL EXAM All chapters
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.
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 .===========================================================ADD/DROP: 25 October – 1 November 2004
LAST DAY TO WITHDRAW PASSING: 24 November 2004
Copyright:This material is copyright and can not be reused without author permission.