| Course ID: | LEGL 4400/6400. 3 hours. |
| Course Title: | Business Law |
Course
Description: | Debtor-creditor relations, commercial paper, contracts, securities, agency, partnership, joint ventures, corporations, professional and legal responsibility, sales, secured transactions, bankruptcy. |
| Oasis Title: | Business Law |
| Duplicate Credit: | Not open to students with credit in LEGL 4400E |
| Prerequisite: | LEGL 2700 or LEGL 2700E or LEGL 2800H |
Semester Course
Offered: | Offered every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | Enable future businesspersons to recognize legal issues and manage legal risks in
business decision making in the general areas of contract law and negotiable
instruments law by providing them with fundamental knowledge of relevant
legal principles. |
| Topical Outline: | Introduction to Business Law
Nature & Terminology
Agreement
Consideration
Capacity & Legality
Genuineness of Assent
The Statute of Frauds
Third Party Rights
Performance & Discharge
Breach of Contract & Remedies
The Formation of Sales & Lease Contracts
Title, Risk, & Insurable Interest
Performance of Sales & Lease Contracts
Remedies for Breach of Sales & Lease Contracts
Sale & Lease Warranties
The Function & Creation of Negotiable Instruments
Transferability & Holder In Due Course
Liability, Defenses & Discharge
Checks & Electronic Fund Transfers |