Fundamentals of Dynamic Business Law and Business Ethics

LO 1-1 What is business law?


LO 1-2 How does business law relate to business education?


LO 1-3 What are the purposes of law?


LO 1-4 What are alternative ways to classify the law?


LO 1-5 What are the sources of the law?


LO 1-6 What are the various schools of jurisprudence?


LO 1-7 What are business ethics and the social responsibility of business?


LO 1-8 How are business law and business ethics related?


LO 1-9 How can we use the WPH framework to make ethical business decisions?

CHAPTER 2. The U.S. Legal System and Alternative Dispute Resolution
LO 2-1 What types of jurisdiction must a court have to render a binding decision in a case?


LO 2-2 What is venue?


LO 2-3 What are the threshold requirements that must be met before a court will hear a case?

LO 2-4 What are the steps in civil litigation?


LO 2-5 How are the various forms of alternative dispute resolution used by businesses today?

CHAPTER 3. Administrative Law
LO 3-1 What is administrative law?
LO 3-2 What is an administrative agency?
LO 3-3 How and why are administrative agencies created?
LO 3-4 What types of powers do administrative agencies have?
LO 3-5 What is the difference between an executive agency and an independent agency?
LO 3-6 What is the Administrative Procedures Act?
LO 3-7 How do formal, informal, and hybrid rule making differ from one another?
LO 3-8 What are the limits on agency power?
CHAPTER 4. Constitutional Law
LO 4-1 What is federalism?


LO 4-2 What is the function of each branch of government, and how does each branch serve to check the others?
LO 4-3 What is the relationship between the supremacy clause and preemption?


LO 4-4 How does the commerce clause affect the power of both the state and federal governments to regulate?

LO 4-5 What is the difference between commercial and political speech, and why is that difference important?


LO 4-6 How do the rights guaranteed by the Bill of Rights affect business managers?


CHAPTER 5. Criminal Law and Business
LO 5-1 What are the basic elements of a crime?


LO 5-2 How are crimes classified?


LO 5-3 Who can be held responsible when a corporate crime is committed?

LO 5-4 What are the basic steps of a criminal proceeding?


LO 5-5 What laws attempt to prevent white-collar crime?


CHAPTER 6. Tort Law

LO 6-1 How are torts classified?
LO 6-2 What are some of the most common intentional torts, and what are the elements needed to prove these torts?

LO 6-3 What are the elements that must be proved to win a negligence case?
LO 6-4 What are the doctrines that help a plaintiff win a negligence case?
LO 6-5 What defenses are available in a negligence case?
LO 6-6 How does a party prove a strict-liability case?
LO 6-7 What types of damages are available in tort cases?
CHAPTER 7. Real, Personal, and Intellectual Property

LO 7-1 How are the topics of real, personal, and intellectual property related?
LO 7-2 How does real property law balance private and public rights?
LO 7-3 What are the interests in real property that one can hold?
LO 7-4 What are the types of personal property?
LO 7-5 How do you transfer personal property?
LO 7-6 How does intellectual property law balance private and public rights?
LO 7-7 What are the similarities and differences among the methods for protecting various types of intellectual property?
CHAPTER 8. Introduction to Contracts and Agreement
LO 8-1 What is a contract?
LO 8-2 What are the sources of contract law?
LO 8-3 How can contracts be classified?
LO 8-4 What are the rules that guide the interpretation of contracts?
LO 8-5 What are the elements of a valid offer and valid acceptance?

LO 8-6 How does an offer terminate?

CHAPTER 9. Consideration
LO 9-1 What is consideration?
LO 9-2 When is consideration required?
LO 9-3 What is promissory estoppel and when can it be used?
LO 9-4 What is adequacy of consideration?
LO 9-5 What is an illusory promise?
LO 9-6 What is past consideration?
LO 9-7 What is preexisting duty?

LO 9-8 How are the UCC rules regarding consideration different from the common law rules regarding consideration?

LO 9-9 What is the difference between a liquidated debt and an unliquidated debt?
LO 9-10 What is an accord and satisfaction?

CHAPTER 10. Capacity and Legality

LO 10-1 When would a minor have only limited capacity to enter into a contract?


LO 10-2 How can a contract created when one is a minor be ratified after one is no longer a minor?
LO 10-3 Under what conditions is a contract unenforceable by law?
LO 10-4 When does unfairness affect a contract’s enforceability?
LO 10-5 What is the legal effect of entering into a contract for an illegal purpose?
LO 10-6 Why would anyone care whether a contract was severable?


CHAPTER 11. Reality of Assent

LO 11-1 Why is genuine assent important?
LO 11-2 What are the elements of mistake?
LO 11-3 What are the elements of misrepresentation?
LO 11-4 What are the elements of undue influence?
LO 11-5 What are the elements of duress?


CHAPTER 12. Contracts in Writing and Third-Party Contracts

LO 12-1 What types of contracts fall within the statute of frauds?
LO 12-2 What are the requirements for a writing to satisfy the statute of frauds?
LO 12-3 What does the parol evidence rule do?
LO 12-4 What is the difference between an assignment and a delegation?
LO 12-5 What does it mean to say that the assignee stands in the shoes of the assignor?
LO 12-6 What is the difference between an intended and an incidental beneficiary?
LO 12-7 What is the difference between a creditor beneficiary and a donee beneficiary?


CHAPTER 13. Discharge and Remedies

LO 13-1 What are the primary methods for discharging a contract?
LO 13-2 What are the primary legal remedies available for a breach of contract?
LO 13-3 What are the primary equitable remedies available for a breach of contract?

CHAPTER 14. Formation and Performance of Sales and Lease Contracts
LO 14-1 What kinds of contracts fall under the UCC interpretations?

LO 14-2 What is a sales contract under the UCC?

LO 14-3 What is a merchant, and why is that designation significant?

LO 14-4 What is a lease contract?

LO 14-5 What is the CISG?

LO 14-6 What is the concept of title? How does it pass?

LO 14-7 What is risk of loss?
CHAPTER 15. Sales and Lease Contracts: Performance, Warranties, and Remedies

LO 15-1 What is the difference between conforming and nonconforming goods?
LO 15-2 What is the perfect tender rule?
LO 15-3 What is the right to cure?
LO 15-4 What is commercial impracticability?
LO 15-5 What are the implied warranties of title, merchantability, and particular purpose?
LO 15-6 How are third parties affected by implied warranties?
LO 15-7 How can implied warranties be disclaimed?
LO 15-8 What is cover and resale?

LO 15-9 When are money damages available?


Fundamentals of Dynamic Business Law and Business Ethics