BUSI 3650 – WEC – SPRING 2011 Title: Business Law Instructor: Lori Brown Academic Program: Business Administration Location: Mendel Hall Time: Saturday, 8:30 am - noon Instructor Information: Phone: 651.338.7411 Email: lbbrown@stkate.edu Office Hours: By appointment: before/after class or as scheduled Course Description: The objective of this course is to familiarize you with some of the legal issues commonly encountered in business activities. Some of the topics we will cover are the legal process, contracts, corporate governance, ethics and hot topics facing the business community. You will learn the basic principles of legal reasoning and how to analyze and apply legal concepts to practical business problems, which will further your ability to lead and influence. Class Format: Successful completion of this class will require careful review of the assigned readings prior to class, active participation in class discussions, completion of assignments and strong results on the exams. Specific course requirements are listed below. Participation and Attendance: When you are part of the business world, resultsoriented participation and attendance is expected. Participation and attendance are mandatory for this class. Thorough preparation prior to class is critical. Law is a difficult study and you may find it necessary to read the assignments more than once. You are encouraged to study with your classmates. You should expect to participate in class discussions. You should attend every class session. If you are ill or other exceptional circumstances require you miss a class, you should review any materials presented in the class and raise issues with the instructor via e-mail or by appointment. There are no make-up classes. Although absenteeism is discouraged, you should not attend class if you have flu symptoms until you seek medical attention and your physician releases you. Please contact me if you become ill with flu symptoms. Accommodations will be made for attendance, participation, and timeliness of assignments if you provide medical documentation of illness with flu symptoms. If class meetings are suspended or the campus is closed for a period of time, but classes are allowed to remain in session, we may adapt the class to an on-line environment. Grading: Grades will be based on a 350 point scale. First Exam Second Exam Final Exam Assignments Attendance/Participation Supreme Court Summary and Presentation 50 50 100 50 50 50 points points points points points points All exams are a combination of objective and essay questions. All exams are open book, open notes. You must complete the exams, in-class assignments and participate in class to receive a passing grade. Consistent with St. Catherine policy, all work must be your own work, not that of any other person. Grading will be based on completion of the assignments, quality of understanding and analysis, and quality of writing. You should retain all returned exams and papers. You may be late on an exam, presentation or paper only with prior approval, which will only be granted in exceptional circumstances at the discretion of the instructor. Grades are as follows: A AB+ B BC+ C CD+ D DF 326 + points 315 - 325 304 - 314 290 - 303 280 - 289 269 - 279 255- 268 245 - 254 234 - 244 220 - 233 210 - 219 209 and less 93% 90% 87% 83% 80% 77% 73% 70% 67% 63% 60% Special Needs: If you have special needs that you think may interfere with your ability to do well in this class, please let me know as soon as possible. I will try to make whatever accommodations are available. Text: Clarkson, West’s Business Law (11th ed. 2009) Course Schedule: The instructor may make minor adjustments to the schedule. April 9th Introduction to Law and Legal Reasoning, Chapter 1 Courts, Chapter 2 Court Procedures, Chapter 3 Constitutional Authority to Regulate Business, Chapter 4 Ethics and Business Decision Making, Chapter 5 2 Assignment, Due April 16th, 8 points: Prepare a written summary from a current newspaper article on a business law topic. Please turn in the newspaper article and the paper. Come to class prepared to summarize the article for the class. April 16th Intentional Torts, Chapter 6 Negligence and Strict Liability, Chapter 7 Intellectual Property and Internet Law, Chapter 8 Criminal Law and Cyber Crime, Chapter 9 *** First Exam-Take Home – Due April 30th *** Assignment, Due April 30th: Research/Identify Supreme Court Case April 30th Contracts: Nature and Terminology, Chapter 10 E-Contracts and E-Signatures, Chapter 19 Focus on Ethics: Contract Law and the Application of Ethics, page 387 Creditors’ Rights and Remedies, Chapter 28 Secured Transactions, Chapter 29 Bankruptcy Law, Chapter 30 Assignment, Due May 14th, 8 points: Read Case 13.2, Stultz v. Safety and Compliance Management Inc., beginning on page 274. Provide a written response that identifies the problematic element of the agreement and describe how the agreement could be rewritten to be reasonable. Online Class – May 6th – 8th The Formation and Sales of Lease Contracts, Chapter 20 Performance and Breach of Sales and Lease Contracts, Chapter 22 Warranties and Product Liability, Chapter 23 Assignment- Due May 14th, 16 points: Read “Focus on Ethics: Domestic and International Sales and Lease Contracts” (pages 481 – 484). Prepare a written response to questions 1, 2, 3 and 4. May 14th Employment and Labor Law, Chapter 33 Employment Discrimination, Chapter 34 Corporations – Directors, Officers and Shareholders, Chapter 39 The Sarbanes-Oxley Act of 2002, Appendix H (page A-219) Corporations – Securities Law and Corporate Governance, Chapter 41 Assignment – Due May 14th, 4 points: Following in-class review of “Bigger than Enron” provide a written response to the following: With respect to former SEC Chairman, Arthur Levitt (1) What does he identify as his single biggest mistake? (2) What issue did he back down from after he received threats from Congress to cut SEC funding? 3 *** Second Exam-Take Home – Due June 4th *** June 4th Administrative Law, Chapter 43 Consumer Law, Chapter 44 Environmental Law, Chapter 45 Antitrust Law, Chapter 46 Focus on Ethics: Government Regulation, page 957 Assignment – Due June 18th, 14 points: Read handout published by IKEA (to be handed out during class) and provide a written response to the following: 1. How does IKEA comply with Child Labor Laws? 2. How is it meeting its ethical obligation? Online Class – June 10th – 12th Insurance, Chapter 49\ Wills and Trusts, Chapter 50 International Law in a Global Economy, Chapter 52 Focus on Ethics: Special Topics, pages 1083 June 18th Supreme Court Oral Presentation Supreme Court Written Summary due following presentation June 26th Final Exam – In Class 4