Students will examine the legal process and the legal environment within which business must operate, as well as the interrelationship of government and business. Students develop an understanding of the methods by which legal decisions are formulated as they affect both individual rights and business transactions.
Code
LW3075
Name
LEGAL ENVIRONMENT OF BUSINESS
Credits
4
Pre-requisites
College Level=Junior
Co-requisites
None
Equivalencies
Can be taken twice for credit?
No
Discipline
LW (Law)
Level
Undergraduate
Type
Regular
CAMS ID
4082
Last update with CAMS
Understand the rudiments of business law necessary for a career in business.
Be able to make sense out of the confusing world of legal terminology in order to better understand legal documents and lawyers.
Be familiar with essential characteristics of American Law and the legal issues facing American businesses.
Understand the essentials of tort law and the debate on its reform.
Gain an understanding of how contract creation and negotiation is framed by law and how the law enforces contracts
Understand the role of agents and the various forms of business organizations – especially corporations – and key issues of corporate governance
Understand how the law adapts to social, economic and technological changes
Obtain an understanding of what responsibility business persons have to other business persons and to society in general. “White Collar” crimes will be covered, and ethical issues in business will be raised and discussed throughout the course
Obtain an appreciation for the growing importance of intellectual property law (patent, trademark, trade secrets and copyright) and the balance between conflicting objectives: protection of individual and corporate investment vs. public dissemination and innovation.
| Term | Code | Name |
|---|---|---|
| Fall 2020 | LW3075 | LEGAL ENVIRONMENT OF BUSINESS |
| Fall 2021 | LW3075 | LEGAL ENVIRONMENT OF BUSINESS |