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PLG116 - Commercial Law
Catalog Description: Provides in-depth analysis of contract law. Introduces Article 2 of the Uniform Commercial Code, agency relationships, and sole proprietorships, partnerships and corporations. Prerequisite: PLG 114 or consent of program director. Students cannot earn credit for both PLG116 and for either BUS205 or BUS206.
Lecture: 3 hrs.
Course Learning Outcomes (CLOs):
Upon the successful completion of this course, as documented by exams, written papers or oral presentations, students will be able to:
* 1. Demonstrate on a unit test an understanding of the general principles of contract
2.Demonstrate on a unit test an understanding of performance, substantial
performance and breach of contract.
3.Demonstrate on a unit test an understanding of contractual remedies and affirmative defenses in lawsuits for breach of contract.
4. Explain the role and function of Article 2 of the Uniform Commercial Code.
* 5. Draft a simple contract, such as a lease agreement for a residential apartment.
6.Explain at least three (3) of the legal advantages and three (3) of the legal disadvantages of a sole proprietorship.
7.Explain at least three (3) of the legal advantages and three (3) of the legal disadvantages of general and limited partnerships.
8.Explain at least three (3) the legal advantages and three (3) of the disadvantages of corporations.
9.Demonstrate an understanding of the legal documents needed to establish a business.
10. Explain the legal liability issue associated with agency relationships.
11. Apply the Code of Professional Responsibility to a legal problem.
* These course objectives have been identified as student learning outcomes that must be formally assessed as part of the College's Comprehension Assessment Plan. All faculty teaching this course must collect the required data and submit the required analysis and documentation at the conclusion of the semester to the Office of Assessment and Special Projects.
The Nature and Characteristics of Contracts
Offer and Acceptance
Agreement and Form
Third Party Rights
Discharge and Remedies
UCC Article 2
Principal and Agent Relationships: Rights, Obligations and Liabilities.
Business Organizations: Formation, Liabilities and Advantages/Disadvantages of Sole Proprietorships, Partnerships and Corporations.
Effective Term: Spring 2002