Business Law and the Legal Environment

Part I The legal and social environment of business: the nature and sources of law; the court system and dispute resolution; business ethics, social forces and the law; the constitution as the foundation of the legal environment; government regulation of competition and prices; administrative agencies; the legal environment of international trade; crimes; torts; intellectual property rights. Part II Contracts: nature and classes of contracts; the agreement; capacity and genuine assent; consideration; legality and public policy; form of contract; interpretation of contracts; third persons and contracts; discharge of contracts; breach of contract and remedies; accountants' liability and malpractice. Part III Personal property and bailments: personal property; bailments; legal aspects of warehousing, transportation, factoring and hotelkeeping. Part IV Sales and leases of personal property: nature and form of sales; passage of title and risk of loss - rights of parties; obligations of performance; warranties and other product liability theories; remedies for breach of sales contracts; consumer protection. Part V Negotiable instruments; kinds of instruments, parties and negotiability; transfer of negotiable instruments; rights of holders and defences; checks and funds transfers. Part VI Debtor-creditor relations and risk management: secured transactions in personal property; other security devices; bankruptcy; insurance. Part VII Agency and employment; agency: creation and termination; principal and agent; third persons in agency; regulation of employment; equal employment opportunity law.