Legal Aspects of Business I

Course Description

A survey of contracts, sales, agencies, personal property, commercial paper and associated topics. Emphasizes prevention of litigation and liability arising from business operations.

Learning Outcomes

  • Explain the basic concepts and structure of the American legal system.
  • Describe how law and regulations apply to business and the economy.
  • Recognize business situations that require legal counsel.
  • Describe the bases for contractual relationships in business.
  • Identify remedies for breach of contract.
  • Describe how third parties may become involved in contracts, and what their rights may be under the contract.
  • Identify the nature and form of sales.
  • Explain the difference between personal property and other forms of property.
  • Explain the difference between bailment’s and contracts.
  • Discuss legal issues that may arise in the business environment.

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