Qualifies a student to sit for real estate sales license exam. The course introduces students to ethical theory and decision making models, as well as the power and functions of courts, court systems, litigation, and the U.S. Constitution and business. Students are introduced to substantive rules of law in the areas of contract, torts, criminal law, product and service liability and their impact internationally. Governmental efforts to regulate business activity relative to worker protection, consumer protection and Environmental law are covered. This course examines the basic concepts in determining the various types of business organizations.
Emphasis is placed on agency, partnership, corporations.
Students are introduced to the Uniform Commercial Code's treatment of sales, security transactions, and negotiable instruments. Bankruptcy and Account's legal liability are also covered. This course focuses on owning and operating a small business firm as well as selected opportunities, challenges and strategic problems. Course theme is that success for a small business is dependent upon distinctive strategy, competence, and managerial effectiveness, supported by consistent, efficient policies and practices in marketing, production, finance, human resource management, and customer service. A student works with the departmental faculty.