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Sep 27, 2024
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PRL 141 - Business & Corporate Law I Credits: 3 Lecture Hours: 3 Lab Hours: 0 Practicum Hours: 0 Work Experience: 0 Course Type: Open A study of the fundamentals of the law of contracts, the uniform commercial code and the rights of creditors in transactions. Competencies
- Define contract
- Describe elements of contract
- Measure contractual capacity
- Define contractual capacity
- Identify classes afforded protection
- Explain protection available
- Discuss applicability in specific setting
- Apply the statute of frauds
- Define statute of frauds
- Determine affected classification
- Outline requirements
- Demonstrate result
- Describe parol evidence
- Recognize third party contracts
- Examine performance of contract
- Define substantial performance
- Define breach of contract
- Evaluate quality of performance
- Define purpose of contract remedies
- Distinguish between equitable and legal remedies
- Explain UCC
- Illustrate passage of title
- Define passage of title
- Explain effect of holding title.
- Interpret risk of loss
- Define risk of loss
- Identify source of risk of loss rules
- Describe effect of risk of loss.
- Define sales warranties
- Apply warranties in products liability
- Describe effects of various warranties
- Discuss remedies for breaches of warranty
- State obligations of buyers and sellers
- Identify UCC remedies
- Describe purposes of commercial paper
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