CL Schedule (217)

Module 1 (June 5th to 6th)

Activities:

You will complete this assignment by visiting Before We Begin.

    • Review syllabus, calendar, deliverables and schedule
    • Complete the “Introduce Yourself” post in Teams
    • Complete the “Learning Contract” post in Teams
    • Purchase the course text (see Required Course Materials)
    • Begin your review of the course materials in Modules 2 through 5
    • If you are unfamiliar with any of the platforms we will use for this course, visit Teams and Blackboard to review their tutorials

Module 2 (June 7th to 16th)

Business Ethics, Contracts, Discharge & Remedies

Module 2 examines business ethics, contracts and discharge and remedies. The fundamentals of business ethics and social responsibility will be reviewed and will provide students with a framework to engage with ethics and social responsibility material. Contracts are ubiquitous in business relationships. A contract is a promise or a set of promises made between parties for the breach of which the law gives a remedy. Students will be introduced to contract law, will understand the sources and classifications of contract law and understand the rules that guide the interpretation of contracts. Finally, Module 2 will focus on how contractual obligations are discharged or terminated and what happens after the contract’s demise. The nature and amount of damages in the event of a breach is often at issue in cases.

Learning Objectives:

After reading the chapters and completing the assignments, a student will be able to answer these questions:

  • What are business ethics and the social responsibility of business?
  • How are law and business ethics related?
  • What is a contract?
  • What are the sources and classifications of contract law?
  • What are the rules that guide the interpretation of contracts?
  • What are the primary methods of discharging a contract?
  • What are the primary legal remedies available for a breach of contract?
  • What are the primary equitable remedies available for a breach of contract?

Reading Materials:

  • Course Text
    • Chapter 2, Business Ethics
    • Chapter 13, Introduction to Contracts
    • Chapter 20, Discharge & Remedies
  • Additional Video Resources (optional)

Quiz:

  • The Module 2 quiz covers the materials found in Chapters 2, 13 and 20. The Module 2 quiz will be available on Wednesday, June 7th at 8a EDT and will close on Monday, June 16th at 8p EDT. You will have 1 hour to complete the quiz after you begin. There are 25 questions. The link to the quiz will only be available during the above period.
  • Please visit the Module 2 folder in Blackboard for additional information and to complete this quiz.
  • Please review the Plagiarism page for information about what activities constitute cheating.

Module 3  (June 17th to 26th)

Sales and Lease Contracts, Remedies for Breach of Sales Contracts, Bailments

Module 3 will consider the law of sales of goods as codified in Article 2 of the Uniform Commercial Code. While the law of sales is based on the fundamental principles of contract and personal property, it has been modified to accommodate current practices of merchants. The sale of goods is the transfer of ownership to tangible personal property in exchange for money, other goods, or the performance of services. Remedies are available when on party breaches a sales or lease contract. Module 3 will examine the differences between remedies available for sellers/lessors and those available to buyers/lessees. A bailment is a legal relationship where physical possession of personal property is transferred from one person to another person. A bailment is distinguished from a contract of sale since it involves the transfer of possession and not its ownership.

Learning Objectives:

After reading the chapters and completing the assignments, a student will be able to answer these questions:

  • What is the UCC?
  • What is a sales contract?
  • What kinds of contracts fall under the UCC interpretations?
  • What is a merchant, and why is that designation significant?
  • What is a lease contract?
  • What constitutes a breach of a sales contract?
  • What money damages are available for breach?
  • What are liquidated damages?
  • What is cover?
  • When is specific performance of the contract a remedy?
  • What are the rights and responsibilities of parties to a bailment?

Reading Materials:

Quiz:

  • The Module 3 quiz covers the materials found in Chapters 21, 24 and 48. The Module 3 quiz will be available on Saturday, June 17th at 8a EDT and will close on Monday, June 26th at 8p EDT. You will have 1 hour to complete the quiz after you begin. There are 25 questions. The link to the quiz will only be available during the above period.
  • Please visit the Module 3 folder in Blackboard for additional information and to complete this quiz.
  • Please review the Plagiarism page for information about what activities constitute cheating.

Exam #1 (June 27th to June 29th)

This exam covers the materials included in Modules 2 and 3. Exam #1 will be available on Tuesday, June 27th at 8a EDT and will close on Thursday, June 29th at 8p EDT. You will complete this exam in a digital platform in Blackboard.

Please visit the Exam #1 folder in Blackboard for additional information and to complete this exam.

Please review the Plagiarism page for information about what activities constitute cheating.

Module 4 (June 30th to July 9th)

Agency, Business Organizations and Investor Protections

Agency relationships are a crucial part of the business world. Different laws will be applicable depending on different types of relationships. The creation and the nature of an agency relationship are also very important in the law. Each type of business organization has advantages and disadvantages. Determining which form of business organization is best is a difficult yet important decision.  Issuing securities is one way to raise money need for a business. Securities typically issued from corporations as stocks and bonds. As a future businessperson, one should be aware of what a security is and what laws regulate securities.  

Learning Objectives:

After reading the chapters and completing the assignments, a student will be able to answer these questions:

  • What is agency law?
  • How is an agency relationship created?
  • What are the different types of agency?
  • What are the duties of the agent and principal?
  • What are the rights and remedies of the agent and principal?
  • Under what circumstances might a principal be held liable for the tortious behavior of its agent or independent contractor?
  • How can an agency relationship be terminated?
  • What are the major forms of business organization, and what are the differences among them?
  • What are the specialized forms of business organization?
  • How does the Securities and Exchange Act of 1934 regulate the trading of securities?
  • How are investment companies regulated?
  • How do states regulate securities?

Reading Materials: 

  • Course Text
    • Chapter 33, Agency Formation and Duties
    • Chapter 35, Forms of Business Organization
    • Chapter 41, Corporations: Securities and Investor Protection
  • Additional Video Resources (optional)

Quiz:

  • The Module 4 quiz covers the materials found in Chapters 33, 35 and 41. The Module 4 quiz will be available on Friday, June 30th at 8a EDT and will close on Sunday, July 9th at 8p EDT. You will have 1 hour to complete the quiz after you begin. There are 25 questions. The link to the quiz will only be available during the above period.
  • Please visit the Module 4 folder in Blackboard for additional information and to complete this quiz.
  • Please review the Plagiarism page for information about what activities constitute cheating.

Module 5 (July 10th to July 19th)

Secured Transactions, Bankruptcy and Wills, Estates and Trusts

Module 5 considers the language associated with secured transactions, and the creation, perfection, and scope of secured interest. Priority disputes and default are also discussed. Bankruptcies are available to businesses, individuals, partnerships, and corporations. An individual may be eligible for one type of bankruptcy, but not another because the definition of “debtor” varies in each type of bankruptcy. Individuals should be informed so they can make decisions about what to do with their property after death. Trusts as estate planning tools, decisions to make at the end of one’s life, and an understanding of wills are all important to understand when deciding what to do with one’s property after death.

Learning Objectives:

After reading the chapters and completing the assignments, a student will be able to answer these questions:

  • What are the important definitions associated with secured transactions?
  • How are secured interests created and perfected?
  • What is the scope of a security interest?
  • How are disputes regarding priority handled?
  • What are the goals of the Bankruptcy Act?
  • What is the basic set of procedures for bankruptcy cases?
  • What specific types of relief are available through bankruptcy?
  • How does one engage in estate planning?
  • What legal issues relate to wills?
  • How are trusts used as estate planning tools?

Reading Materials: 

  • Course Text
    • Chapter 30, Secured Transactions
    • Chapter 32, Bankruptcy and Reorganization
    • Chapter 52, Wills, Estates & Trusts
  • Additional Video Resources (optional)

Quiz:

  • The Module 5 quiz covers the materials found in Chapters 30, 32 and 52. The Module 5 quiz will be available on July 10th at 8a EDT and will close on July 19th at 8p EDT. You will have 1 hour to complete the quiz after you begin. There are 25 questions. The link to the quiz will only be available during the above period.
  • Please visit the Module 5 folder in Blackboard for additional information and to complete this quiz.
  • Please review the Plagiarism page for information about what activities constitute cheating.

Exam #2 (July 20th to 22nd)

This exam covers the materials included in Modules 4 and 5. Exam #2 will be available on Thursday, July 20th at 8a EDT and will close on Saturday, July 22nd at 8p EDT. You will complete this exam in a digital platform in Blackboard.

Please visit the Exam #2 folder in Blackboard for additional information and to complete this exam.

Please review the Plagiarism page for information about what activities constitute cheating.