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MG 261 Business Law II
Liefer, Andrew M.


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 SC
SemesterS2R2005
FacultyLiefer, Andrew M.
Degrees/CertificatesBachelor of Arts 1992
Juris Doctor 1995
Licensed in the State of Illinois and United States District Court - Southern District of Illinois
Office Location15 Bronze Pointe North, Swansea, Illinois
Daytime Phone618-235-6505
Other Phone618-277-4332
E-MailAndrew. Liefer@park.edu
LieferSchmitt@aol.com
Class Days--T-R--
Class Time7:45 - 10:15 PM
Credit Hours3

Textbook:
West's Business Law, 9th Edition, Kenneth Clarkson, Roger Leroy Miller, Gaylord Jentz, Frank Cross

Additional Resources:
Additional material will be handed out in class by the instructor as required.


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

Educational Philosophy:
To help the student acquire a basic knowledge of the fundamental principles and terminology in the field of law so the student will be able to utilize that knowledge to increase his/her awareness, understanding and use of certain legal principles and issues.

Learning Outcomes:
      The objective of this course is to provide the student with a general understanding of the law and its relationship to business, along with legal considerations that impact on business entities.  Students will be expected to learn and understand how to perform case analysis and to apply judicial reasoning to various factual situations presented in the textbook and in class
The student should have a basic knowledge of creditor's rights.  He/she should be able to identify a secured transaction and list the requirements for creditors to secure their interest in collateral.  In addition, the student should have a basic understanding of the United States' Bankruptcy laws and its procedures.  The student must be able to distinguish between Chapter 7 and 13 of the Bankruptcy Code and list the protections each affords the debtor.
The student must have an understanding of the legal implications involved in an agency relationship.  The student should be able to identify when an agency relationship exists and the duties that arise from such a relationship.  The student should be able to describe an agent's scope of authority and the principal's potential liability.
The student should have a basic understanding of the laws relating to employment law.  He/she should be able to describe the doctrine of employment-at-will.  In addition, the student should be able to recognize and define common terminology used in employment law.  Moreover the student should have a basic understanding of employment discrimination.  He/she must be able to recognize when Title VII of the Civil Rights Act of 1964 is applicable to a given situation.
The student should be able to identify different types of business organizations.  He/she should be able to list the advantages and disadvantages that each form of business organization affords.  In addition, the student should have a basic understanding of each form of business organization.
     Furthermore, the student should be able to differentiate between different types of corporations. He/ she must know the requirements for forming a corporation and be able to explain the roles that directors, officers and shareholders play within a corporate entity.  The student must be able to explain the differences between a corporate merger, consolidation and termination.
    The student must have a basic understanding of federal securities regulations as well.  He/she should be able to describe what the Securities Act of 1933 and the Securities Act of 1934 prohibit.  Moreover the student must be able to define insider trading and identify it within a given set of facts.
    The student must have a basic understanding of administrative law.  He/she must be able to describe the powers that government agencies possess.  The student should also be able to identify different consumer laws and explain the protections said laws provide to the consumer.  The student should have a basic understanding of environmental law and the protections that these laws provide.  The student should be able to identify violations of the Sherman Antitrust Act and the Clayton Act.
    The student should have a basic understanding of property rights.  The student must be able to identify a bailment and be able to list the duties and rights of a bailee/bailor.  The student should be able to identify and explain possible interests in real property.  Furthermore, the student should understand landlord-tenant relationships and be able to identify the liability and duties each has.
   The student should be able to explain basic insurance terminology and concepts.  The student should have a basic understanding of estate planning and the devices used in that field.  Finally, the student should understand the liability and obligations that professionals face in their field.

Course Assessment:
There will be five examinations given during the class term.  The first exam will cover chapters 28 - 30.  The second exam will cover chapters 31 - 34.  The third exam will cover chapters 35 - 42.  The fourth exam will cover chapters 43 - 49.  Finally, the fifth exam will cover chapters 50 - 54.

Grading:
Attendance  10%  20 points
Exam I      15%  30
Exam II     15%  30
Exam III    20%  40
Exam IV     20%  40
Exam V      20%  40
         ___________
           100% 200 points

Late Submission of Course Materials:
Late submission of homework and papers, without explanation and specific exemption will result in a minimum of one grade drop.  If such late submission would cause the instructor's reports to the University to be late, such submission would result in a failing grade.

Classroom Rules of Conduct:
Each student is expected to act in a professional manner.

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. <a href="http://www.park.edu/catalog">
Park University 2004-2005 Undergraduate Catalog</a> 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
 
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Copyright:
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