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

Introduction

[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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