This course pairs and expands upon the legal environment of business course in the business and finance and credit programs. The course focuses more in-depth on the legal principles applied to commercial transactions including, negotiable instruments, debtor-creditor relationships, agency, employment and bankruptcy laws, business organizations and government regulations. This focused attention on commercial transactions builds a more comprehensive understanding of the financial environment adding to the applied knowledge and skill set students need for employment in the finance and credit field.
Student Learning Outcomes
- Define and describe the legal principles applied to business transactions.
- Research current and emerging consumer rights and protection laws and policies.
- Demonstrate knowledge of commercial transactions including negotiable instruments, creditor remedies, and bankruptcy.
- Explain the laws affecting real and personal property in terms of buying, selling, owning, and leasing.
- Explain insurance contracts for different applications and the common components of all insurance contracts.
- Compare and contrast business organization options (Sole Proprietorship, Partnership, Corporation and Limited Liability Company) and the effect on contract rights and duties.
- Examine the government regulatory environment as it applies to agency and employment laws that impact the finance and credit industry.
- Understand the way the legal environment views financial circumstances and how to apply this knowledge to influence and make informed business decisions.
- Apply research and historical knowledge to foresee and avoid legal difficulties in the business environment.
- Identify legal issues in finance and credit related scenarios and apply knowledge of the credit law environment to resolve.
- Learn to develop acceptable attitudes and viewpoints with respect to business ethics and social responsibility within the realms of commercial and/or credit transactions.
Please see eServices for section availability and current pre-req/test score requirements for this course.