BLAW 1090 - Business Law 2

Credit Hours: 4.00

Objectives: Identify types of instruments.

1. Define types of instruments
2. Identify parties for the instrument
3. Identify elements for negotiability
4. Define negotiability
5. Summarize methods for transferring instruments
6. Identify warranties the parties are guaranteed under the instruments
7. Identify the liability imposed on the parties under the instruments

Outcome 2: Upon completion of this course, students will be able to explain types of debtor-creditor relationships.

Objectives:

1. Identify parties in a debtor-creditor relationship
2. Identify a suretyship, guaranty, indemnification
3. Compare a suretyship, guaranty, indemnification
4. Explain consumer law as it relates to debtor-creditor relationships
5. Summarize way consumer law relates to debtor-creditor relationships
6. Identify and explain bankruptcy
7. Identify and explain insurance

Outcome 3: Upon completion of this course, students will be able to explain types of agency relationships.

Objectives:

1. Identify and explain agency
2. Explain the role of third persons in agency
3. Explain the liability of the parties in agency relationships

Outcome 4: Upon completion of this course, students will be able to explain the types of business organizations.

Objectives:

1. Identify types of business organizations
   1. Sole Proprietorship
   2. Partnerships
   3. Corporations
   4. Limited partnerships
   5. Limited liability partnerships
   6. Limited liability company
2.  Compare and contrast types of business organizations

1. Sole proprietorship
2. Partnerships
3. Corporations
4. Limited partnerships
5. Limited liability partnerships
6. Limited liability company

Outcome 5: Upon completion of this course, students will be able to explain real property and estates.

Objectives: 

1. Define real property
2. Explain environmental laws that apply to real property
3. Explain land-use control (e.g., eminent domain, zoning, restricted covenants, etc.)
4. Identify and explain leases
5. Explain decedents’ estates and trusts as they apply to real property

Outcome 6: Upon completion of this course, students will be able to explain employment law as it applies to business practices.

Objectives:

1. Identify the parties that pertain to business practices and relationships
2. Explain various parties that pertain to business practices and relationships
   1. Agent
   2. Independent contractor
   3. Employee
3. Identify employment laws that regulate businesses practices and relationships, e.g., FMLA, OSHA, Workers Compensations, Title VII, etc
4. Identify the protocol for initiating an action against an employer

• Communication: The graduate can communicate effectively for the intended purpose and audience.
• Critical Thinking: The graduate can make informed decisions after analyzing information or evidence related to the issue.
• Global Literacy: The graduate can analyze human behavior or experiences through cultural, social, political, or economic perspectives.
• Information Literacy: The graduate can responsibly use information gathered from a variety of formats in order to complete a task.
• Quantitative Reasoning: The graduate can apply quantitative methods or evidence to solve problems or make judgments.
• Scientific Literacy: The graduate can produce or interpret scientific information presented in a variety of formats.

1. Negotiable Instruments
   1. Promissory Notes and Certificates of Deposit
   2. Checks and Drafts
   3. Negotiability vs. non-negotiability
2. Debtor - Creditor Relationship
   1. Suretyship, Guaranty, and Indemnification
   2. Secured Transactions, Consumer Protection and Insurance
   3. Bankruptcy
3. Agency and Employment
   1. Agents, Employees and Independent Contractors
   2. Regulation of Employment, Title VII and Elliot-Larson
   3. EEOC and the process for initiating a lawsuit
4. Business Organizations
   1. Partnerships, Corporations, LP, LLC, LLP and Sole proprietorship
   2. State and federal Securities Regulations
   3. Rights and responsibilities of Shareholders, Directors, Officers, and Accountants
5. Real Property and Estates
   1. Owning, Leasing and Converging Real Estate
   2. Land Use Controls
   3. Decedent’s Estates and Trusts
   4. Environmental law and its effect on real property