Business law plays an integral part in both our personal and professional lives. A solid grasp of essential business law concepts is critical for the successful
navigation of complex and diverse business environments. You will assess relevant legal issues as well as apply the discipline-specific knowledge necessary to
successfully address real-world business situations such as business formation and management, liability issues, and compliance with government and industry
regulations, as well as to effectively communicate issues and facts to peers and professionals.
The final project represents an authentic competency, as you will have the opportunity to present your analysis of the legal and ethical issues involved in three
hypothetical business scenarios as well as to evaluate and make recommendations to avoid such issues in the future.
This assessment addresses the following course outcomes:
• Apply the law regarding business relationships, such as agency law, partnership, and corporate law as strategies for appropriate and effective business
management
• Analyze issues of real and personal property as they pertain to business formation and management
• Determine the legal rights and duties of the parties to commercial paper for their impact on fundamental business operations
• Analyze the rights and duties of the parties in credit transactions, including secured transactions and bankruptcy law, as they apply to fundamental
business operations
• Evaluate the impact of government regulation on business practices for strategic and compliance purposes
Sample Solution