Students learn to analyze the major laws affecting ownership, use, and transfer of copyrighted materials and related intellectual property. Includes professional ethics and constitutional issues, and basic contract law, affecting commercial communication. Introduction to legal rights and social forces, government business and society, contracts, personal property and bailment, and sales. Introduction to commercial paper, creditor's rights, insurance agency, partnership, corporation, and real property. Students learn perspective of business practices and policies which critically examines current issues in business as they relate to business and its internal and external environments.
Students learn to make knowledgeable decisions when confronted with conflicts in practice.
The issue of business ethics is emphasized throughout the course, and a practical approach to recognizing, avoiding, understanding and resolving ethical problems confronting individuals in a business environment is discussed. Specialized appraisal problems that may be encountered in business, finance, insurance, government and legal spheres of activity will be examined. Students will explore comparative analyses and demographic reports and practice assessing property values. Purchase of special business calculator will be required. Students prepare to write the state licensing examination to qualify as a licensed real estate salesperson.