Contemporary Business Law II

Course Description

This course is the second in a two-part business law course sequence that critically examines real and personal property, creditor-debtor relationships, bankruptcy, sales, securities, and government regulation.

Topics and Objectives

Business Formations

  • Compare and contrast the characteristics of different types of business entities.
  • Analyze the duties and liabilities of the parties that comprise the various business entities.

Negotiable Instruments

  • Illustrate the types of and requirements for negotiable instruments.
  • Explain the requirements for becoming a holder in due course.
  • Explain the role of a holder in due course.
  • Distinguish among the types of endorsements.
  • Evaluate the duties, responsibilities, and liabilities of the customer and the bank in the check processing system.

Debtor-Creditor Relationships

  • Distinguish between secured and unsecured credit.
  • Distinguish among the types of liens and their functions.
  • Examine the functions of security interests and their applications under Article 9 of the Uniform Commercial Code (UCC).
  • Compare and contrast the different types of bankruptcy.

Property

  • Define terminology related to personal property.
  • Evaluate the types of real property.
  • Evaluate the duties, responsibilities, and liabilities of landlords and tenants.
  • Define terminology related to insurance.
  • Compare and contrast the characteristics of wills, trusts, and estates.

Government Regulation of Business

  • Analyze the roles of State governments and the Federal Government in employment regulation.
  • Analyze the roles of State governments and the Federal Government in environmental regulation.

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