This course reviews the purposes, philosophies and organization of the U.S. legal system. It provides an intensive study of the law which governs contracts for services, real estate, employment, insurance, trademark, patents and copyrights. Topics covered include legally binding contract requirements (offer and acceptance, legality of subject matter, capacity of parties and contractual consideration); circumstances which require a contract to be in writing; defenses for avoiding contractual liability; and legal remedies for breach of contract. It also focuses on the articles of the Uniform Commercial Code (UCC), which govern the rights and obligations of parties to transactions involving the sale of goods (Article II), commercial paper such as checks, notes and drafts (Article II), and financing arrangements in which one party gives another a security interest in property (Article IX) and the effects of federal bankruptcy laws on these transactions.
- To understand the Uniform Commercial Code (UCC) and contract law.
- To evaluate the legal implications of various business, legal or practical events and decisions in the business world.
- To describe the different processes by which legal disputes are resolved, and how to apply a legal analysis.
- To identify current areas of heightened legal responsibility for businesses and business advisors.
- To demonstrate awareness of the social and ethical responsibilities of an employer (company), clients, customers and society.
- To recognize the importance of clear language required for legal agreements to avoid ambiguity and misunderstanding of legal agreements.
- To value the importance of refined writing of legal contracts to avoid ambiguity and misinterpretation.