Chabot College Course Outline for Business 10 BUSINESS LAW Fall, 2002 Replaced Fall 2006 Catalog Description: 10 - Business Law 4 units Legal setting in which business operates, with emphasis on legal reasoning and resolution, contracts, agency, partnerships and corporations. May be offered in Distance Education format. 4 hours. Prerequisite Skills: None Expected Outcomes for Students: Upon completion of this course, the student should be able to: 1. discuss background of law with emphasis on commercial transactions and contract law; 2. define some major contributions of English Common Law to Business Law; 3. discuss alternative ways to settle; 4. describe how some cases must be brought to court, legal procedures and methods involved, court decisions, appeal, and something of the appellate process; 5. define aspects of contract law, private law enforceable in court; 6. discuss how agency relationships are established, what is expected of both the principal and the agent, and why this concept is so important to a business organization; 7. discuss how partnerships operate as an entity, how responsibility is established and how uniform partnership laws apply; 8. discuss how corporations are established, responsibility established and held accountable; 9. discuss financial analysis and reporting; 10. discuss the real value of professional legal counsel. Course Content: 1. 2. 3. 4. 5. Background of law, courts, and ways to resolve conflict The law of contracts a. nature of contracts b. offer and acceptance c. consideration d. voidable contracts e. unenforceable contracts f. performance g. rights of third parties i. discharge, breach, and remedies Principle and agency law a. establishment and significance b. responsibilities of parties c. termination of agency Partnerships a types and establishment b. responsibilities and accountability c. termination of a partnership Corporations a. types and formation b. operation and accountability c. expansion and contraction d. dissolution and termination Chabot College Course Outline for Business 10, Page 2 Business Law Fall 2002 Methods of Presentation: 1. 2. 3. Lectures Discussion Analysis of cases Assignments and Methods of Evaluating Student Progress: 1. 2. Typical Assignments a. Case analyses b. Student response to class material and discussion Methods of Evaluating Student Progress a. Midterm examination b. Final examination c. Case assignments Textbook(s) Typical: WEST's LAW, Clarkson, Miller, Jentz and Cross, West Publishing, 1999 BUSINESS LAW, Mark E. Roszkowski, Prentice Hall, 2002 CONTEMPORARY BUSINESS LAW, Henry R. Cheeseman, Prentice Hall, 2000 BUSINESS LAW, Goldman and Sigismond, Houghton Mifflin, 2001 Special Student Materials: None mc 11/26/01 COBUS10