Standard |
ACC 155 - Legal Environment of
Business
Introduces law and its relationship to business. Topics include: legal processes, sales contracts, commercial papers, risk-bearing devices, and Uniform Commercial Code.
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Competency Areas |
Hours
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Legal Processes |
Class |
5 |
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Sales Contracts |
D. Lab |
0 |
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Commercial Papers |
P. Lab/O.B.I. |
0 |
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Risk-Bearing Devices |
Credit |
5 |
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Uniform Commercial Code |
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Prerequisite: |
Program admission |
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Corequisite: |
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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 |
P.Lab/ O.B.I. |
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LEGAL PROCESSES |
10 |
0 |
0 |
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Law enforcement bodies and agencies |
Define various law enforcement bodies and agencies in the U.S. |
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Evolutionary nature of the law |
Describe the evolution of law in the U.S. |
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Government regulation and business |
Describe the relationship that exists between business and government regulation. |
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SALES CONTRACTS |
10 |
0 |
0 |
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Elements of contracts |
List elements of valid sales contracts. |
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Terminology |
Define terms related to sales 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 sales contracts. |
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COMMERCIAL PAPERS |
10 |
0 |
0 |
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List the types of commercial papers. |
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Function of commercial papers |
Explain the function of commercial papers. |
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Importance of commercial papers |
Explain the importance of commercial papers. |
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Essentials of negotiability |
Identify the essentials of negotiability papers. |
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Negotiable instruments |
Identify the procedure for negotiating and discharging negotiable instruments. |
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Give examples of negotiable instruments. |
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RISK-BEARING DEVICES |
10 |
0 |
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 |
10 |
0 |
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 |
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.
Corley, R. N., &
Reed, O. L. (Year). The legal environment
of business: Briefed case edition (2nd ed.). New York: McGraw-Hill.
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.