Mar 28, 2024  
2018-2019 Course Catalog 
    
2018-2019 Course Catalog [ARCHIVED CATALOG]

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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
  1. Define contract
  2. Describe elements of contract
  3. Measure contractual capacity
    1. Define contractual capacity
    2. Identify classes afforded protection
    3. Explain protection available
    4. Discuss applicability in specific setting
  4. Apply the statute of frauds
    1. Define statute of frauds
    2. Determine affected classification
    3. Outline requirements
    4. Demonstrate result
  5. Describe parol evidence
  6. Recognize third party contracts
  7. Examine performance of contract
    1. Define substantial performance
    2. Define breach of contract
    3. Evaluate quality of performance
  8. Define purpose of contract remedies
  9. Distinguish between equitable and legal remedies
  10. Explain UCC
  11. Illustrate passage of title
    1. Define passage of title
    2. Explain effect of holding title.
  12. Interpret risk of loss
    1. Define risk of loss
    2. Identify source of risk of loss rules
    3. Describe effect of risk of loss.
  13. Define sales warranties
  14. Apply warranties in products liability
    1. Describe effects of various warranties
    2. Discuss remedies for breaches of warranty
  15. State obligations of buyers and sellers
  16. Identify UCC remedies
  17. Describe purposes of commercial paper



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