BUS 251 : Business Law
An introductory course in laws applicable to business transactions. Covers a basic study of the federal and state court systems as well as criminal, tort, and contract law. Prerequisite: Sophomore standing or permission of department chair. Recommend: MAN 101 and MAR 101 first. Three lecture hours per week. 3 credits Fall, Spring, Summer
MAN 101 and MAR 101 first.
1. The Student will learn to understand case law and court decisions as they relate to all forms of business activities. 2. The student will be introduced to the basic legal principles that impact business relationships and commercial activities. 3. The student will be able to demonstrate an understanding of the organization and procedures of the federal and state court systems, the sources of business law in the global legal environment and the impact of the United States Constitution and the Bill of Rights in the business context. 4. The student will learn the legal function of contracts in the business world, their impact upon business participants, consumers, debtors, creditors, employers and employees. 5. The student will learn the law of agency and be exposed to the Uniform Commercial Code (UCC). 6. The student will be able to recognize the different approaches to ethical decision-making, and to identify social responsibility issues in the business world. 7. The student will gain a basic understanding of current criminal and tort laws as they apply to U.S. businesses. 8. The student will gain a basic understanding of contracts: the elements of a contract; what constitutes a contract; what is a breach of contract; and what remedies are available for a breach.