BLAW 304: Business Law I
Prerequisites: BLAW 203.
Credit Hours: (3)
The course is an in-depth study of the Uniform Commercial Code, Articles 2, 2a, 3, 4, 6, 7 and 9, bankruptcy, the CISG and other business law topics frequently addressed on the CPA examination.
Detailed Description of Content of Course
Sales and Leases
a. Review of Contract Law
b. Nature of Sales Contracts and Leasing Contracts
c. Title, Risk of Loss, Insurable Interest
d. Performance and Duties
e. Warranties and Product Liability
f. Breach and Remedies
g. International Sales of Goods
h. CISG
Negotiables
a. Definitions and formality
b. Negotiability
c. Transferability and Negotiation
d. Holders in Due Course
e. Liability of Parties
f. Defenses to Liability and Discharge
g. Checks, Banks and Bank Customers
Secured Transactions
a. Introduction to Security Devices
b. Security interest and agreement
c. Attachment and Perfection
d. Liens and Priorities
e. Rights of Secured Party vis-a-vis other creditors of debtor
f. Rights of Secured Party vis-a-vis the debtor
g. Suretyship
Bankruptcy - General Review
Detailed Description of Conduct of Course
Primarily a lecture/discussion course, with classroom participation and presentations expected of the students. Instruction is augmented by outside readings and case applications at the discretion of the instructor.
Goals and Objectives of the Course
Having successfully completed the course, the student will be able to:
路 Differentiate between the Law of Sales and common law contracts
路 identify negotiables and their primary uses
路 identify the various types of secured transactions used in business
路 apply the Law of Sales to daily transactions
路 understand the implications of using negotiables, especially checks
路 understand the basic premises of federal bankruptcy law
Assessment Measures
Graded assignments may include in-class tests, a final examination, pop quizzes, the assignment and presentation of problem exercises, papers, and class preparation and participation.
Other Course Information
None
Review and Approval
DATE ACTION APPROVED BY
September 2001 Reviewed Dr. Dan Davidson, Chair