Legal Environment of Business - It is essential for future business leaders and entrepreneurs to have an understanding of the role of the law and legal risk in shaping business decisions, achieving competitive advantage, and avoiding legal pitfalls. This course provides an introduction to the Anglo-American legal system and the development of substantive and procedural law with emphasis on the idea that business relationships are based upon contractual agreements. The course covers numerous pertinent business laws and regulations that shape business activities, including common law contracts, the Uniform Commercial Code (sales and leases), tort law (including negligence and products liability), international business transactions, environmental law, intellectual property law, jurisdiction, constitutional law, accountants legal liability, criminal law, and the relationship between law and ethics. Legal cases are studied to trace the development of the common law and to illustrate actual business problems that business professionals will encounter throughout their careers.
This course fulfills the BBA core law requirement.
This course is also offered as an elective for students who may have taken LHC 306.
This course also satisfies the business law course requirements for accountants in several jurisdictions.