(Chapter 5 - 4 & 5) Apply the principle characteristics of the various business entities to a hypothetical business formation situation. (Chapters 29-32, Weeks 13-16 Assignment) Demonstrate knowledge of the following legal areas: Dispute Resolution (Chapters 1-3 – Weeks 1 & 2), Constitutional Impacts on Business (Chapter 4 – Week 3), (Chapter 6 – Weeks 5 & 6), Intellectual Property (Chapter 8 – Week 14), Criminal Law ( Chapter 10 – Weeks 7 & 8) Contracts (Chapters 11-16, 18-19 – Weeks 9-12) Locate sources of legal information that are useful in their daily lives. (Week 6 Assignment) Explain the legal considerations involved in conducting business globally (Chapter 24 – Week 8). Maintain professionalism in communications. (Discussions, Journals, Course Communications) Weekly Learning Objectives (WLO’s): At the conclusion of the course the student should be able to, at an acceptable per the grading scale found in syllabus section Grading Scale and Adjustments (Minimum of 715 points): Classify a law according to its type (Chapter 1). Explain the concepts of legal precedence and stare decisis (Chapter 1). Identify the different types of judicial opinions (Chapter 1). Discuss the way the Constitution is interpreted (Chapter 1). Recognize when a court may properly exercise jurisdiction (Chapter 2). Discuss the issues with the length of federal judicial appointments (Chapter 2). Contrast the various methods of dispute resolution (Chapter 2). Identify and explain select dimensions of the process (Chapter 3). Recognize the applicability of the Commerce Clause on businesses (Chapter 4). Identify where preemption applies (Chapter 4). Discuss the extent of freedom of speech and one’s privacy rights (Chapter 4 - Discussion #3). Define ethics (Chapter 5).
Differentiate between duty and outcome based ethical decision making (Chapter 5). Explain the difference between an employee and independent contractor (Chapter 25). Discuss the concept of vicarious liability and the duties owed between agents and principals (Chapter 25 – Discussion #4) Recognize under agency law the responsibility of the principal and agent for contracts and torts of the agent (Chapter 26). Identify the proper category of authority at play in factual scenario (Chapter 26). Discuss why one chooses to become an entrepreneur (Chapter 29 – Discussion #5). Explain the key characteristics of a sole proprietorship (Chapter 29). Indicate the responsibilities and rights of the parties in a franchise contract (Chapter 29). Compare the General Partnership, the Limited Partnership and the Limited Liability Partnership (Chapter 30). Indicate the rights and duties of partners Texas law (Chapter 30). Discuss partnership duties in the absence of express agreement to be partners (Chapter 30 – Discussion #6). Discuss potential issues with having family members as partners (Chapter 30 – Discussion #6). Discuss and identify the key characteristics of a LLC (Chapter 31 – Discussion #5). Recognize the key defining aspects of the special business forms including the joint venture, syndicate, joint stock company and cooperative (Chapter 31). Recognize the steps involved in forming a corporation (Chapter 32). Classify a corporation by definition and status (Chapter 32). Explain possible shareholder liability, including piercing the corporate veil (Chapter 32). Identify the required element to form a valid contract (Chapter 11). Classify a contract according to its type (Chapter 11). Discuss the of legalese in contracts (Chapter 11 – Discussion #7) Indicate the requirements/circumstances for an effective offer, acceptance, revocation and rejection (Chapter 12). Recognize when consideration is legally sufficient (Chapter 13). Critique a fact pattern to determine if promissory estoppel may apply (Chapter 13). Discuss whether the doctrine promissory estoppel should be allowed to be used by judges (Chapter 13 – Discussion #8).