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.
