|Course ID:||LEGL 2800H. 3 hours. |
|Course Title:||Legal and Regulatory Environment of Business (Honors)|
|The legal and regulatory environment of business, emphasizing why legal duties are placed on the business community and how managers should appropriately respond to them. Covers legal institutions, constitutional law, common law, and public law.|
|Oasis Title:||LEGAL & REG ENV BUS|
|Duplicate Credit:||Not open to students with credit in LEGL 2700|
|Prerequisite:||Permission of Honors|
|Offered every year. |
|Grading System:||A-F (Traditional)|
Law can be viewed as a vast set of theories of liability. An individual or entity is
subject to civil or criminal liability, or has a right to a civil remedy, only if there
is a legal theory that, when applied to facts that can be proved in court, provides
for the imposition of that liability or provides a remedy. The legal environment of
business consists of the set of those theories applicable to engaging in business.
As those theories change over time, the legal environment of business changes.
The objective of this course must be more modest than preparing each student to
engage in his or her career without resort to seeking the advice of counsel.
Nevertheless, only with some familiarity with the substance of applicable legal rules
can one determine that a particular factual pattern presents legal issues that
warrant seeking the advice of legal counsel. This course (i) introduces students to
legal principles pertinent to business, to allow them to recognize the existence of
legal issues arising from business practice; (ii) provides knowledge to facilitate
business decision making in matters involving legal issues that are customarily
addressed without reference to legal counsel; (iii) provides knowledge of the
framework, structure and content of the legal and regulatory environment of business
to allow knowledgeable and effective interaction with legal and other regulatory
professionals; and (iv) introduces pertinent ethical considerations.
Introduction and terminology
Court systems and procedures
Torts and strict liability
Contracts and sales
Creditor-debtor relations and bankruptcy
Other aspects of private law