Standard
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ACC 155 – Legal Environment of Business
Introduces law and its relationship
to business.
Topics include: legal ethics, legal processes, business contracts, business
torts and crimes, real and personal property, agency and employment,
risk-bearing devices, and Uniform Commercial Code.
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Competency Areas: |
Hours: |
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Legal Ethics |
Class |
5 |
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Legal Processes |
D. Lab |
0 |
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Business Contracts |
P. Lab/O.B.I. |
0 |
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Business Torts and Crimes |
Credit |
5 |
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Real and Personal Property |
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Agency and Employment |
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Risk-Bearing Devices |
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Uniform Commercial Code |
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Prerequisite/Corequisite: Program admission |
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Course Guide
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Competency |
After completing
this section, the student will: |
Hours |
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Class |
D.
Lab
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P. Lab/
O.B.I. |
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LEGAL ETHICS |
5 |
0
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0 |
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LEGAL PROCESSES |
5 |
0
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0 |
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Law enforcement bodies and
agencies |
Define various law
enforcement bodies and agencies in the |
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The Judicial Process |
Discuss the Federal and
State Court Systems. |
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Evolutionary nature of the
law |
Describe the evolution of law
in the |
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Discuss the |
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Government regulation and
business |
Describe the relationship
that exists between business and government regulation. |
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BUSINESS CONTRACTS |
10 |
0
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0 |
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Elements of contracts |
List
elements of valid contracts. |
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Terminology |
Define terms related to
contracts. |
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Warranties |
Differentiate between
types of product and service warranties. |
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Discharge of contracts |
Identify methods of
discharging contracts. |
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Essentials of
negotiability and commercial papers |
Identify the essentials of
commercial and negotiable papers. |
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Negotiable instruments |
Identify the procedure for
negotiating and discharging negotiable instruments. |
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BUSINESS TORTS AND
CRIMES |
8 |
0
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0 |
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List and define the types
of business torts and crimes. |
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Understand the elements of
business torts and crimes.. |
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REAL AND PERSONAL
PROPERTY |
7 |
0
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0 |
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Property Ownership |
Identify the aspects of
different types of property ownership. |
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Bailments |
Understand Bailments of
Personal Property. |
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Real Property Estates |
Define the nature of and
understand the estates in real property. |
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Landlord and Tenant |
Understand landlord and
tenant relationships and duties. |
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AGENCY AND EMPLOYMENT |
5 |
0
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0 |
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Agency Creation |
Understand the principal
and agent relationship. |
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Agent’s Authority |
Define an agent’s
authority and duty to the principal. |
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Agency Termination |
Understand the aspects of
terminating an Agency. |
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Employment Relationship |
Define employee and
distinguish between employee and independent contractor. |
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Worker Benefits |
Understand worker benefits
such as social security, workers compensation, un-employment insurance and
pensions. |
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EEO |
Understand Equal Employment |
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RISK-BEARING DEVICES |
2 |
0
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0 |
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Terminology |
Define the term
risk-bearing device. |
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Comparison |
Compare and contrast
different kinds of insurance coverage and describe their application to the marketing
field. |
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UNIFORM COMMERCIAL CODE |
8 |
0
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0 |
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Definition |
Define the Uniform
Commercial Code. |
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Analyze areas of business
with the Uniform Commercial Code. |
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Give examples of the application
of the Uniform Commercial Code within various areas of business operation. |
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Suggested Resources
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American Bar Association. (2001). Model jury instructions for business tort litigation.
Brown, G. W.,
(2001). Business
Law with UCC Applications ,
Bixby, M., et. al., (2001), The Legal Environment of Business,
Practical Business
Law-Moran, 3rd ed.
Law for
Business, 14th edition, Ashcroft and Ashcroft, South-Western Publishing.
Fundamentals of Business
Law; Fourth Edition