DEPARTMENT OF MANAGEMENT VALDOSTA STATE UNIVERSITY BUSINESS ADMINISTRATION 3110 BUSINESS LAW HOMEPAGE is http://www.valdosta.edu/~sostapsk/ e-mail:sostapsk@valdosta.edu Spring Semester 2010 Section A Room: Pound 307 TU: 6:30 p.m. - 9:15 p.m. Prof. A. Ostapski Thaxton 317 249-2622, 245-2233 Office Hours: TU/TH: 10:00 - 11:00 TU/TH: 1:45 - 3:30 TU: 6:00 - 6:30 or by appointment. COURSE OBJECTIVES: BUSA 3110 is an introductory course which focuses on primarily the legal but also the ethical implications of business. It is designed to provide students with an overview of the laws surrounding business transactions, particularly in the areas of contracts, sales, commercial paper and secured transactions through study of case law, the Uniform Commercial Code, and the Convention on Contracts for the International Sale of Goods. Additional topics include agency, sole proprietorship, partnership, noncorporate business entities, and corporate law. The last component of this course is a limited inquiry into the impact of governmental regulation on the business person through the study of securities law and property law. The Management Department believes that the presence and the participation of the student are essential elements in achieving maximum learning. The course is a problem solving experience which attempts to develop the analytical, decisionmaking capacity of the student. Communication is especially important for learning to reach its educational objectives. Outside of class, the course instructor may be reached by e-mail at sostapsk@valdosta.edu and at the office numbers listed above. LEARNING OBJECTIVES: (1) Responsibility of Business in Society. Students will demonstrate an awareness of the multiple roles of business in society. VSU General Education Outcome 1; LCOBA Objectives 1 & 3 (Tests 1, 2, 3, 4, and 5). (2) Corporate Compliance. Students will demonstrate knowledge of corporate compliance issues and actors. LCOBA Objectives 1 & 3 (Test 5). (3) Awareness of Ethical Problems: Students will demonstrate an ability to recognize an ethical problem. VSU General Education Outcome 8; LCOBA Objective 3 (Tests 1, 2, 3, 4, and 5). (4) Knowledge of the Legal and Ethical Environment in Business. Students will be introduced to the subject matter listed in the COURSE OBJECTIVES section above. VSU General Education Outcomes 1, 3, 4, and 8; LCOBA Objectives 1, 2, and 3. (Tests 1, 2, 3, 4, and 5). METHOD OF EVALUATION: Short (thirty minute) tests will be administered on the recent assignment. Approximately 5-8 such tests will be given over the semester. All evaluations will be counted toward the final grade; no grade will be dropped. Essay, hypothetical and objective type questions may be used. Students must complete all scheduled tests in order to receive a final grade. The final exam for this course is scheduled for Tuesday, May 6, 2010 from 9:30 p.m. to 11:30 p.m. By playing "The Puzzle Game" throughout the term, students will be given extra credit opportunities, which may increase their final grade. POLICY CONCERNING MAKE-UP TESTS: Make-up tests will be given only for very good reasons such as documented student illness or death in the family. A student is expected to give notice to the instructor PRIOR to the time of the test if he or she must be absent on test day. Make-up tests will be given on Monday, May 3, 2010. ATTENDANCE/PREPARATION/CHEATING/TEXTING POLICIES: Class attendance, when required, and preparedness are essential to the learning process. Students are expected to be present each class period except when special circumstances make attendance difficult, as in the case of illness. Students must provide a note of explanation for each missed class. I reserve the right to lower the course grade to the next lower grade if an explanatory note for an absence is not provided or if absences exceed 2 meetings. More than 3 absences may result in an automatic F. For more information on this matter, see page 90 of the 2009-2010 VSU Undergraduate Catalog. Any student cheating on a graded assignment or extra credit opportunity will earn a failing grade for the course. Phone texting or other cell phone activity during class is not permitted. Violators will be asked to either temporarily surrender their phone or leave the room AMERICAN DISABILITIES ACT (ADA): Students requiring classroom accommodations or modifications due to a documented disability must contact the Access Office for Students with Disabilities located in Farber Hall. The phone numbers are 229-245-2498 (V/VP) and 229-219-1348 (TTY). Texts: Barnes, Dworkin, and Richards, Law for Business, McGraw-Hill/Irwin, 10th ed., 2009. Ostapski, Law for Business - The Puzzle Game, McGraw-Hill/Irwin, 2003. SCHEDULE OF ASSIGNMENTS FOR BUSA 3110 January 12 Orientation, Sources of the Law, Judicial System and Litigation Ch. 1, 2 January 19, 26 Nature of Contract, Contract Formation and Consideration Ch. 9, 10, 11, 12 January 26, February 2 & 9 Contract Defenses Ch. 13, 14, 15, 16 February 9 Assignment, Performance and Remedies Ch. 17, 18 February 16, 23 Sales Law Ch. 19, 20 (pp. 336-350), 21, 22 March 2 & 9 Negotiable Instruments and Secured Transactions Ch. 38, 39, 43 March 23 Agency Ch. 23, 24 March 30 Sole Proprietorships, Partnerships and Non-corporate Business Entities Ch. 26, 27 April 6 Corporate Law Ch. 28, 29, 30 April 13 Securities Regulation Ch. 31 April 20 Property Law and Bailments Ch. 33 April 27 Review and Test #5 May 6 Final Experience