Basics of Business Law

Identify and describe the basic principles of major business law subjects, including business organization, constitutional authority to regulate business; contracts and the Uniform Commercial Code; criminal law; and torts


[Insert compelling introduction here.  Include information regarding why this competency matters.  Be clear about what the learner will be able to do, or will know after mastering this Primary Outcome/Competency.]

Learning Outcomes

  • Identify major U.S. Constitutional clauses that relate to business
  • Compare governmental authority to regulate business with individual constitutional rights
  • List and explain the essential elements of a valid contract, describe how a contract can fail, and summarize the remedies available for breach of contract
  • Contrast and distinguish a common law contract with a contract governed by the Uniform Commercial Code
  • Identify laws that generally regulate the employer-employee relationship
  • Identify criminal acts related to the business world
  • Explain and contrast various forms of business organization
  • Describe and distinguish between different types of property
  • List and explain the types of torts

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