Introduction to Business Law

Catalog description

This course is designed to familiarize students with various laws, key elements of the U.S. Constitution, and concepts of the various schools of jurisprudence that are applicable to business. Ethics, values, morality, and law are compared and contrasted, and the need for promoting corporate social responsibility is discussed. The elements of tort law, basic elements of a contract, sources of laws governing contracts, and conditions for an offer to be valid are examined. Topics include reality of consent, capacity of minors, consequences of illegal agreements, assignment of rights, transfer of title, and the rights of third parties. Delivery of goods, the right to inspection, acceptance and revocation of contract, remedies available to buyers and sellers, and the nature of property are also discussed.