BUSINESS LAW (BLAW)

BLAW 200 Legal Environment of Business (3)

This is an introductory course to law—its nature, development, flexibility and growth and to the legal environment of business, with particular emphasis on contract law dealing with the offer, acceptance, reality of consent, consideration, capacity to contract, illegality, the Statute of Frauds, the rights of third parties, the performance of contracts, and remedies. It includes a study of the Uniform Commercial Code, the Restatement (Second) of Contracts, the Uniform Partnership Act and the Model Business Corporation Act; the law of agency, of partnership, of corporations, and the area of government regulation of business dealing with the interrelationships of economics and the law; the Sherman Antitrust Act; the Robinson-Patman Act; the Federal Trade Commission Act; and other related laws governing economic competition.

Prerequisite: ENG 21 or ENG 22 with a grade of C or better or equivalent.