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

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PRL 142 - Business & Corporate Law II

Credits: 3
Lecture Hours: 3
Lab Hours: 0
Practicum Hours: 0
Work Experience: 0
Course Type: Open
Continuation of Business & Corporate Law I. Survey of rights of debtors and creditors in collections and bankruptcy. Formation of proprietorships, partnerships and corporations, and a survey of the law applicable to each. Preparation of documents necessary to the organization and operation of each.
Prerequisite: PRL 141  
Competencies
  1. Define holder in due course
  2. Describe a security interest
  3. Explain perfection of security interest
    1. Define perfection
    2. Select appropriate method of perfection
  4. Define Bankruptcy
  5. List types of bankruptcy
    1. Define liquidation bankruptcy
    2. Define reorganization of debt bankruptcy
  6. Identify business organizations
  7. Explain a sole proprietorship
    1. Define sole proprietorship
    2. Outline effect of liability
  8. Compare general and limited partnerships
    1. Define general partnership
    2. Define limited partnership
    3. Explain liability effects on both
  9. Describe an agency relationship
  10. Explain the structure of a corporation
    1. Define corporation
    2. Distinguish between officers and directors
    3. Define shareholder
    4. Outline statutory requirements
  11. Prepare articles of incorporation
    1. Review necessary information
    2. Express stock ownership status
    3. Label incorporators
    4. Demonstrate correct format
  12. Discuss types of stock
    1. Define par value
    2. Define voting shares
    3. Define preferred stock
  13. Evaluate corporate liability
    1. Define corporate shield
    2. Explain piercing corporate veil
    3. Discuss liability of shareholders



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