BUS 203 Business Law II • 5 Cr.
Second course in business law. Extends the study of business law into real property, the Uniform Commercial Code, debtor-creditor relationships, business organizations, cyber law, ethics, and employment. Students extend their learning in the legal reasoning process, legal analysis and writing, and how to communicate clearly. Prerequisite: BA 200 or BUS& 201 or permission of instructor.
After completing this class, students should be able to:
Describe in a legal and business context the nature of real property, the forms of its ownership, methods that real property is transferred, and the legal effect of a mortgage. Explain the responsibilities of businesses under the Uniform Commercial Code for Sales. Communicate the rights and responsibilities of business and users of negotiable instruments
Explain the nature, rights, and responsibilities created by debtor – creditor law, define the forms of bankruptcy and explain it processes and uses. Describe the legal structure and forms of business organization. Describe their formation. Describe the rights of shareholders and the responsibilities of management. Depict what Cyberlaw is and enumerate the major issues this emerging and developing area of the law presents for businesses. Provide a detailed explanation of the liability of accountants in their professional capacity and the impact of Sarbanes-Oxley on auditors and accountants. Explain in a comprehensive way the employment relationship, labor relations laws, business responsibilities under unemployment compensation, family leave, health and safety, compensation, privacy, and immigration laws. Demonstrate critical thinking, legal analysis, and writing skills. Describe and better understand the legal environment in which businesses operate.