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Apr 29, 2024
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MS 331 - Business Law3 lecture hours 0 lab hours 3 credits
Course Description
This subject acquaints the student with legal concepts and their application to business and personal situations. Attention is paid to problems arising under the following topical headings: basic nature of the legal system; tort law; contract law, including both common law principles and the provisions of the Uniform Commercial Code; products liability law; debtor/creditor relations; bankruptcy law; and agency law.
Course Learning Outcomes
Upon successful completion of this course, the student will be able to:
• Understand the basic nature of the legal system including the court structure and the role of lawyers
• Understand the different types of torts and crimes
• Be familiar with contract law including all the elements of a contract under the common law as well as the Uniform Commercial Code
• Understand the basic theories of products liability law
• Be familiar with the creation of security inerests and the rules that secured creditors must follow
• Understand the basic features of bankruptcy law
• Understand the general nature of an agency relationship
Prerequisites by Topic
• Microeconomics
Course Topics
• Introduction to Legal System (5 classes)
• Tort and Criminal law (5 classes)
• Contract Law (9 classes)
• Uniform Commercial Code (3 classes)
• Products Liability Law (2 classes)
• Secured Transactions (2 classes)
• Bankruptcy (2 classes)
• Agency (2 classes)
Coordinator
Douglas Reed
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