Business Law I

Business Law I

In this course, you will explore business law. You will start by looking at basic American legal principles, sources and types of law, and important laws related to business. Then, you will move on to examine disputes and dispute settlement. From there, you will examine business ethics and social responsibility, as well as the impact of the U.S. Constitution on the business environment. You will also learn about criminal liability and the tort system. You will examine contract law, sales contracts, employment and labor law, and administrative law. You will also explore antitrust law, unfair trade practices, and the Federal Trade Commission. Finally, you will take a closer look at international law and securities regulation.

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Learning Objectives/

  1. 1.1 Explain the basics of American law and the fundamental principles that comprise the American legal system.
  2. 1.2 Identify different sources and types of law.
  3. 1.3 Describe key business law concepts.
  1. 2.1 Describe negotiation styles, objectives, ethics, and laws.
  2. 2.2 Discuss court or agency connected mediation, including ethical issues for advocates and mediators.
  3. 2.3 Explain arbitration agreements, procedures and awards, the law of arbitration, and judicial enforcement of arbitration awards.
  1. 3.1 Explain concepts related to, the the importance of, business ethics.
  2. 3.2 Explain social responsibility and why it is important to businesses.
  1. 4.1 Explain Congress’ constitutional right to regulate interstate and international commerce.
  2. 4.2 Explain how the Bill of Rights and constitutional protections apply to business entities.
  1. 5.1 Describe different types of crimes found in business.
  2. 5.2 Discuss the differences in scope, consequences, and treatment between civil and criminal law.
  1. 6.1 Differentiate intentional torts and negligence.
  2. 6.2 Explain product and strict liability.
  1. 7.1 Discuss elements of consideration and promissory estoppel.
  2. 7.2 Explain enforceability of contracts and how they become voidable.
  3. 7.3 Describe breach of contract and remedies.
  1. 8.1 Describe the features of sales contracts.
  2. 8.2 Describe warranties and remedies for breach of sales contracts.
  1. 9.1 Identify employee rights and company responsibilities.
  2. 9.2 Describe the role of unions and the NLRB.
  3. 9.3 Describe major laws related to equal opportunity in employment.
  1. 10.1 Explain the role of administrative law in business.
  2. 10.2 Describe the nature and functions of administrative agencies.
  1. 11.1 Outline the history of antitrust law in the United States.
  2. 11.2 Describe key antitrust legislation.
  1. 12.1 Describe deceptive acts and practices, as well as remedies.
  2. 12.2 Describe the role and impact of the Federal Trade Commission (FTC).
  1. 13.1 Describe international law and key international organizations.
  2. 13.2 Describe the sources of international law and how international law is enforced.
  1. 14.1 Describe the Securities Exchange Act of 1934 and its impact on business.
  2. 14.2 Explain liabilities and responsibilities of businesses under the Securities Act.

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