Business Law Fundamentals
Issued by
Northeastern State University
Introduction to law and legal principles including study of the legal environment of business in a system subject to social and political influences. Topics include the impact of ethics, the legal system, administrative agencies in business and the law of contracts.
- Type Validation
- Level Intermediate
- Time Months
- Cost Paid
Skills
Earning Criteria
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Instructional strategies include: audio visual materials, discussion, computer-based training, practical exercises, lectures.
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SLO 1. Explain why we have laws and identify and describe sources of law (e.g. Case law, Common law/Judge law, Statutory Law, Administrative Law).
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SLO 2. Describe how the U.S. Court systems work – comparing federal, state and local systems, including jurisdiction, venue and standing to sue.
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SLO 3. Describe Court and trial procedures – stages in a typical lawsuit.
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SLO 4. Describe constitutional protections available to business organizations.
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SLO 5. Compare and contrast law and ethics and explain different ways ethical decisions are made.
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SLO 6. Describe types of torts and remedies available in tort law.
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SLO 7. Explain differences between criminal and tort law and liability.
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SLO 8. Describe different types of crimes and corporate criminal liability.
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SLO 9. Explain the nature and importance of a contract.
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SLO 10. Describe the elements required for a valid contract.
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SLO 11. Describe situations in which contracts may be avoided (e.g. minors, incompetents, duress).
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SLO 12. Identify situations in which third parties may have contractual rights and duties.
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SLO 13. Explain the effects of a breach of a contract and remedies available for a breach of contract.
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SLO 14. Describe the different types of business organizations and the methods of organization.
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Badge earners must complete the following course: BLAW 3003 - Business Law I.