Jun 18, 2019
BUS 185 - Business Law I Credits: 3
Lecture Hours: 3
Lab Hours: 0
Practicum Hours: 0
Work Experience: 0
Course Type: General
Provides introductory overview of the sources of law of the American legal system, the structure of the court systems, torts, contract law and sales law.
- Analyze the sources of law.
- List the sources of law.
- Show how types of law interrelate
- Outline the differences between criminal law and civil law.
- Demonstrate an understanding of constitutional issues.
- Discuss case law and its precedential value.
- Explain the structure of the federal and state court systems.
- Reproduce the basic, three tiers of the federal court system.
- Describe a typical state court system.
- Describe the Iowa court system.
- Discuss how a civil case moves through the various court systems.
- Differentiate among types of jurisdiction.
- Identify subject matter jurisdiction rules.
- Identify personal jurisdiction rules.
- Discuss venue.
- Contrast the three major types of torts.
- Define a tort.
- List various intentional torts with specific elements for each.
- Name the elements of negligence and defenses to negligence.
- Explain strict liability.
- Classify crimes.
- Demonstrate an understanding of what constitutes a crime.
- Identify felonies and misdemeanors and who determines what is a felony and what is a misdemeanor.
- Distinguish criminal law from civil law.
- Distinguish types of legally binding contracts.
- Define the elements of a contract: offer, acceptance, and consideration.
- Label: express vs. implied contracts; formal vs informal contracts; void, voidable, unenforceable, or valid contracts.
- Explain how lack of capacity affects the validity of a contract.
- Review the circumstances under which minors are able to disaffirm contracts.
- Examine the objective theory of determining whether a person is intoxicated and the implications of an intoxicated person entering into a contract.
- Separate voidable from void contracts due to incompetency.
- Analyze the affect of a contract that is contrary to statute or public policy.
- Identify contracts that are illegal because the subject of the contract violates a statute.
- Define public policy.
- Review contracts that have been declared illegal because they violate public policy.
- Examine contracts made without genuine assent.
- Discuss the affect of contracts entered while under duress or undue influence.
- Analyze the affect of a contract where one or both parties were mistaken as to the value of the contract or identity of the subject of the contract.
- Identify the elements of fraud.
- Analyze the validity of a contract where one party was defrauded.
- Interpret the rules of evidence relative to contracts.
- Summarize the five areas of the Statute of Frauds requiring certain contracts to be in writing.
- Examine the Parol Evidence Rule and any exceptions to the rule.
- Assess the rights of third parties to contracts.
- Explain the rights of a third party when a contract is assigned or duties are delegated.
- Differentiate between the rights of intended third party beneficiaries and incidental third party beneficiaries.
- Interpret the remedies available to a nonbreaching party.
- Distinguish remedies at law and remedies in equity.
- Illustrate an understanding of various contract clauses: liquidated damages clause; exculpatory damages clause; limitation of remedies clauses.
- Differentiate between Article 2 or the UCC and common law rules with regard to contracts.
- Express the history and jurisdiction of Article 2 of the UCC.
- Review each element of a contract to compare how Article 2 changes common law principles of contract.
- Evaluate when title and risk of loss pass from seller to buyer under a sales contract.
- Define title to goods.
- Describe risk of loss with regard to damaged, lost or stolen goods.
- Explain that title and risk of loss pass according to separate UCC rules in the absence of agreement between the parties.
- Explain UCC rules.
- Interpret the basic remedies available to the injured party.
- List pre-litigation and litigation remedies available to a seller when the buyer breaches a sales contract.
- List pre-litigation and litigation remedies available to a buyer when the seller breaches a sales contract.
- Explain warranties that arise in connection with the sale of goods.
- Define a warranty.
- Differentiate between warranties of title and warranties of quality.
- Compare express warranties from implied warranties.
- Discriminate between types of implied warranties.
- Demonstrate how to disclaim all types of warranties.
- Contrast the requirements associated with prevailing products liability lawsuits.
- Define products liability.
- Compare negligent products liability with strict product liability lawsuits.
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