Standard

Format Updated: 04/27/05

MKT 103 - Business Law

Course Description

Introduces the study of contracts and other business obligations in the legal environment. Topics include: creation and evolution of laws, court decision processes, sales contracts, commercial papers, risk-bearing devices, and Uniform Commercial Code.

Competency Areas	Hours
Creation and Evolution of Laws	Class	5
Court Decision Processes	D. Lab	0
Sales Contracts	P. Lab/O.B.I.	0
Commercial Papers	Credit	5
Risk-Bearing Devices
Uniform Commercial Code

Prerequisite:	Provisional admission
Corequisite:

Course Guide

Competency	After completing this section, the student will:	Hours
		Class	D.Lab	P.Lab/ O.B.I.
CREATION AND EVOLUTION OF LAWS		5	0	0
Terminology	Define law, crimes, and torts.
Evolution of laws	Describe the evolution of laws in the American legal system.
Creation of laws	Explain the creation of business laws.
Sources of law	Identify the sources of business law.
COURT DECISION PROCESSES		5	0	0
Classification of courts	Distinguish among the various types of courts which deal with business law.
Functions of courts	Summarize the functions of courts used by business.
Jurisdiction of courts	Give examples of the jurisdiction of courts used to process business/ consumer claims.
Court officers	Explain how court officers are placed in positions.
Procedure in filing suit	Outline the procedure a business would follow in filing a suit.
Trial procedure	Describe a trial procedure used for business law cases.
Appeals process	Describe the appeals process as it applies to business law cases.
SALES CONTRACTS		10	0	0
Elements of contracts	List elements of valid sales contracts.
Terminology	Define terms related to sales contracts.
Warranties	Differentiate among different types of product and service warranties.
Discharge of contracts	Identify methods of discharging sales contracts.
COMMERCIAL PAPERS		10	0	0
Types of commercial papers	List the types of commercial papers.
Function of commercial papers	Explain the function of commercial papers.
Importance of commercial papers	Explain the importance of commercial papers.
Essentials of negotiability	Identify the elements of negotiability papers.
Negotiable instruments	Identify the procedure for negotiating and discharging negotiable instruments.
	Give examples of negotiable instruments.
RISK-BEARING DEVICES		10	0	0
Terminology	Define the term risk-bearing device.
Insurance types	Give examples of types of insurance.
	Describe the kinds of insurance coverage available to businesses.
Comparison	Compare and contrast different kinds of insurance coverage and describe their application to the marketing field.
UNIFORM COMMERCIAL CODE		10	0	0
Definition	Define the Uniform Commercial Code.
	Analyze areas of business with the Uniform Commercial Code.
Application	Give examples of the application of the Uniform Commercial Code to various areas of business operations.

Suggested Resources

Books

American Bar Association. (1980). Model jury instructions for business tort litigation. Chicago: Author.

Anderson, R. A., et al. (1990). Business law and the business environment (14th ed.). Cincinnati: South-Western.

Ashcroft, J. D., & Ashcroft, J. E. (1987). College law for business (10th ed.). Cincinnati: South-Western.

Bonnice, J. G. (1990). Essentials of business law (4th ed.). New York: McGraw-Hill.

Brody, D. E. (1986). Business and its legal environment. Lexington, MA: Heath.

Brown, G. W., et al. (1988). Business law with UCC applications (7th ed.). New York: McGraw-Hill.

Cole, W. (1988). Law in a business context. New York: Van Nos Reinhold.

English, R. J. (1988). Business contract forms: Cumulative supplement. New York: John Wiley & Sons.

Fiber, L. R., & Wiegle, J. A. (1983). Applied business law. Englewood Cliffs, NJ: Prentice Hall.

Getz, G., & Romito, K. (1988). Business law (6th ed.). Mission Hills, CA: Glencoe.

Moran, J. J. (1989). Practical business law. Englewood Cliffs, NJ: Prentice Hall.

Ross, M. J., & Ross, J. S. (1981). New encyclopedic dictionary of business law: With forms (2nd ed.). Englewood Cliffs, NJ: Prentice Hall.