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Business Law
BUS110 | 3 Credits
In Business Law, you’ll explore the basics of how laws work in the business world, including different types of laws, legal philosophies, ethics, and what makes an agreement legitimate. You’ll also dive into topics like consent, social responsibility, and what happens when deals go wrong or involve third parties.
Professor:
About Business Law
What You’ll Learn
Designed to help you become familiar with the different types of laws, our online Business Law course addresses key elements of the U.S. Constitution, and the concepts of the various schools of jurisprudence.
- Analyze the fundamental principles of law and legal reasoning and their application to business operations.
- Evaluate various methods of dispute settlement, including litigation, arbitration, and mediation, in the context of business disputes.
- Assess the role of business ethics, corporate social responsibility, and their integration into legal decision-making processes.
- Explain how the U.S. Constitution and criminal law impact business practices and corporate governance.
- Demonstrate an understanding of contract creation, performance, and enforcement including offer, acceptance, consideration, and remedies for breach.
- Identify and differentiate between intentional torts, negligence, and strict liability, and assess business implications.
- Analyze the legal protections available for intellectual property, including patents, trademarks, and copyrights, and their importance in business.
- Examine key employment laws and regulations, including the rights and responsibilities of employers and employees.
- Compare various business organizations, such as partnerships and corporations, and understand their legal structure and management.
- Evaluate the impact of government regulations, including antitrust laws, consumer protection, and environmental regulations, on business operations.
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Access on Desktop and Mobile
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WANT US TO CHECK?Course Details
This course provides a comprehensive overview of the legal principles influencing business operations and decision-making. The course covers key topics such as contracts, sales, business ethics, corporate social responsibility, and government regulation. Students will explore the foundational concepts of law and legal reasoning, delve into specific areas like intellectual property and employment law, and examine the structure and management of business organizations. This course is essential for understanding businesses' legal environment, equipping students with the knowledge to navigate complex legal challenges in today’s dynamic business world.
ACE-Recommended
ACE Code:
OOSL-0048
Flexible Schedule
27-day Average Course Completion
Business Courses Have Transferred Over 24,900 Times
$1,700,000 Saved on Tuition
Prerequisites
There are no prerequisites to take Business Law.
Course Text
The required eTextbook for this course is included with your course purchase at no additional cost.
- Barnes, A. J., Dworkin, T. M., & Richards, E. L. (2024). Law for Business, 15th Edition. New York, NY: McGraw-Hill Education. ISBN: 9781265676100
Course Checkpoints
Introduction to the Legal System and Judicial Process
- The Nature of Law
- Classifications of Law
- Constitutional Foundations
- Sources of Laws
- Legal Reasoning
- Law and Orderly Change
- Jurisprudence
- Preventative Law
- State Courts
- Federal Courts
- Litigation
- The Adversary System
- Civil Procedure
- Appellate Procedure
- Alternative Dispute Settlement
Ethics and Constitutional Law
- Prominent Ethical Theories
- The Law as a Corporate Control Device
- Defining Ethical Corporate Behavior
- The Corporate Governance Agenda
- Stakeholder Theory
- Guidelines for Ethical Decision Making
- State Regulation of Business
- Federal Regulation of Business
- Constitutional Checks on Government Power
- Administrative Agencies
- The Nature of Crimes
- The Essentials of Crime
- Criminal Procedure
- Laws Regulating Business Crimes
- Cybercrime
Understanding Torts and Legal Liabilities
- Introduction to Torts
- Interference with Personal Rights
- Interference with Property Rights
- Interferences with Economic Relations
- Negligence
- Res Ipsa Loquitur
- Strict Liability
- Current Issues
Contracts and Offers
- What is a contract?
- Why have contracts?
- How has Contract Law developed?
- The Uniform Commercial Code
- UCC Article 2
- Contracts for the International Sale of Goods
- Types of Contracts
- Quasi Contract
- Promissory Estoppel
- What is an Offer?
- What terms are included in offers?
- How long do offers last?
- Special Offer Problems
- Cyber-Contracts
Agreement and Consideration
- What is an Acceptance?
- Common Manifestations of Assent
- Who can accept an offer?
- Cyber-Contracts
- The Idea of Consideration
- Solving Consideration Problems
- Rules of Consideration
- Other Exceptions Where Consideration is Not Required
Mutual Assent and Contractual Capacity
- Contracts by Minors
- Contracts by Mentally Impaired and Intoxicated Persons
- Misrepresentation
- Fraud
- Mistake
- Duress
- Undue Influence
Illegality
- The Effect of Illegality
- Contracts to Commit Illegal Acts
- Contracts Made Illegal by Statute
- Contracts Contrary to Public Policy
Contract Performance and Legal Remedies
- The Statute of Frauds
- Contracts Covered by the Statutes of Frauds
- Interpreting Contracts
- The Parol Evidence Rule
- Conditions
- Standards of Performance
- Excuses of Nonperformance
- Discharge
- Remedies
Warranties and Product Liability
- Historical Development of the Law
- Warranties
- Exclusions and Modifications of Warranties
- Who Benefits from a Warranty?
- Federal Trade Commission Warranty Rules
- Negligence
- Strict Liability
Agency and Employment
- Creation of an Agency
- Types of Agents
- Duties of Agents to Principals
- Duties of Principals to Agents
- Enforcement of Liabilities between Principals and Agents
- Termination of Agent's Powers
- International Agent Agreements
- The Agent's Authority to Bind the Principal on Contracts
- Related Contractual Liability Issues
- Principal's Liability for Acts of Subagents
- Contract Liability of the Agent
- Liability for Torts and Crimes
- Historical Background of Employment Laws
- Health and Safety Legislation
- Wages and Pensions
- Collective Bargaining and Union Activities
- Discrimination in Employment
- Employment at Will
- Employee Privacy
Business Organizations
- Factors to Consider in Choosing Forms of Business Organization
- Making the Choice
- Limited Liability Companies
- Limited Liability Partnerships
- Franchising
- Creation of a Partnership
- Management and Authority of Partners
- Property of Partnerships
- Partners' Rights and Duties
- Duty of Loyalty and Good Faith
- Enforcement of Partnership Rights and Liabilities
- Death of Partnership
- Dissolution and Winding Up
- Continuation
- Distribution of Assets
- Limited Partnerships
- Limited Liability Limited Partnership
Corporations
- Nature of a Corporation
- The Preincorporation Process
- Incorporation
- Defective Incorporation
- Piercing the Corporate Veil
- Close Corporations
- Termination of the Corporation
- The Board of Directors
- Officers of the Corporation
- Duties of Directors and Officers
- Liability for Torts and Crimes
- Financing the Corporation
- Becoming a Shareholder
- Shareholders' Meetings
- Rights of Inspection and Preemptive Right
- Dividends
- Shareholder Rights in Extraordinary Corporate Transactions
- Lawsuits by Shareholders
- Shareholder Liability
- Transfer and Redemption of Shares
Real Property
- Scope of Real Property
- Rights and Interests in Real Property
- Co-ownership of Real Property
- Acquisition of Real Property
- Transfer by Sale
- Public Controls on the Use of Land
- Leases and Tenancies
- Execution of a Lease
- Rights, Duties, and Liabilities of the Landlord
- Rights, Duties, and Liabilities of the Tenant
- Termination of the Leasehold
Bankruptcy
- Bankruptcy Proceedings
- Liquidation Proceedings
- Avoidance of Liens
- Preferential Payments
- Discharge in Bankruptcy
Government Regulations
- Procedural Aspects of the Sherman Act
- Sections 1 and 2 of the Sherman Act
- The Clayton Act
- The Robinson–Patman Act
- Limits of Antitrust
- Federal Trade Commission Act
- Consumer Credit Laws
- Consumer Product Safety Act
- Food, Drug, and Cosmetic Act
- Lemon Laws
Assignments & Grading
Your score provides a percentage score and letter grade for each course. A passing percentage is 70% or higher.
Assignments for this course include:
- 4 Graded Exams
- 1 Case Study Presentation
- 1 Reflective Essay
- 1 Midterm Exam
- 1 Graded Final
This course has an open-book proctored Final Exam. Scientific and/or graphing calculators are allowed throughout the course.
What You’ll Need
- A reliable computer or laptop
- Stable internet connection
- Web browser
- Basic computer skills
- Scientific or graphing calculator
- Any required course materials
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Bringing Your Business Skills Forward
Business Law introduces you to the legal principles that guide how businesses operate. You’ll learn how laws affect everyday decisions, contracts, and the rights and responsibilities of businesses and individuals. These skills aren’t just for future lawyers or managers — understanding business law is valuable in virtually any career.
Why it matters:
- Understanding business law gives you a practical edge in any career, helping you make smarter decisions and avoid common mistakes.
- Nearly 1 in 4 employed professionals with a university degree studied business.
How this course sets you up for success:
Compliance Specialist, Contract Administrator, Human Resources Manager, Operations Manager, Risk Analyst, Business Consultant, Entrepreneur/Small Business Owner, Corporate Paralegal, Procurement Specialist
How this course sets you up for success:
Business Law gives you a solid foundation in the legal side of business. You’ll learn to interpret contracts, understand regulations, and apply legal thinking to practical business situations.
Course included in Semester & Annual Plans
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