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Business Law Tentative Schedule & Content Summary Page 1 of 7
BUSN 305
Legal & Regulatory Environment of Business – Tuesday Evening Section
Thomas P. Langdon, Spring 2012
Tentative Schedule
Week Date
Chapter Topic
Assessment
Schedule
(Estimated)
1 Jan 31
1
2
Introduction; Law as the Foundation of Business
The Ethical Basis of Law and Business Management
2 Feb 7
3
4, 5
The Court System
Litigation & Alternative Dispute Resolution
3 Feb 14 6 The Constitution & Business
Quiz
4 Feb 21
6
7
The Constitution & Business, Continued
Introduction to Property
5 Feb 28 8, 9 Intellectual Property & Midterm Review Quiz
6 Mar 6 Midterm Exam
7 Mar 13 No Class – Spring Break
8 Mar 20 8,9 Contract Law
9 Mar 27 10 Torts in the Business Environment
10 Apr 3
9
14
Criminal Law
Corporate Governance & Bus Organizations
11 Apr 10 14, Supp Bus Orgs, Agency Law & The Regulatory Process Quiz
12 Apr 17 No Class - Supplemental Materials Will be Available
13 Apr 24
16
13
Antitrust Law
Sarbanes Oxley & Securities Regulation
14 May 1
19
20
Employment Law
Employment Discrimination
Quiz
15 May 8
21
18
13
Labor Management
Environmental Law
International Law
16 May 15 Final Exam Final Exam
This tentative schedule is subject to change. All changes will be announced in class and posted to
Blackboard as soon as they become known.
Business Law Tentative Schedule & Content Summary Page 2 of 7
Detailed Summary of Content by Chapter
Chapter 1: Law As The Foundation of Business
Law, The Rule of Law, and Property
Classifications of Law
Sources of Law
Legal Sanctions
Jurisprudence
The property-based legal system and corporate governance
Chapter 2: The Ethical Basis of Law and Business Management
Contemporary Business Ethics
The Nature of Ethics
Two Systems of Ethics
Sources of Values for Business Ethics
Achieving an Ethical Business Corporation
The Control of Resources by Non-owners
Consideration of all stakeholders
Legal Regulation & Organizational Codes of Ethics
Property as a system of personal ethics
Chapter 3: The Court System
Personnel
Organization of the Court System
The Power of Judicial Review
Judicial Restraint vs. Judicial Activism
Chapter 4: The Litigation Process
Litigation – An Overview
Standing to Sue
Pretrial Procedures
The Trial
Post-trial Issues
Chapter 5: Alternative Dispute Resolution Systems
Negotiated Settlements
Mediation
Business Law Tentative Schedule & Content Summary Page 3 of 7
Arbitration and its Procedures
Popularity of Arbitration
Other Alternatives
Chapter 6: The Constitution and Business
Basic Concepts
The separation of powers
The Supremacy Clause
The Contract Clause
The Commerce Clause
o Regulation of Foreign Commerce
o Regulation of Interstate Commerce
o Limitation on State Police Power
o Limitation on State Taxation
Regulation and Basic Freedoms
o Freedom of Religion
o Freedom of the Press
o Freedom of Speech
o Eminent Domain
The Fourteenth Amendment
o Due Process of Law
o Equal Protection
Regulatory Process – Administrative Agencies
Chapter 7: The Property-Based Legal System
The Property System
Acquiring resources in a property system
Specialty applications of property
Property and security interests
Limitations on property and the common good
Chapter 8: Introduction to Contract Law
Basic Concepts
Contractual Classifications and Terminology
Contract Formation
o Offer
o Acceptance
o Consideration
o Capacity
o Lawful Purpose
o Statute of Frauds & Parole Evidence
Third Party Rights
Business Law Tentative Schedule & Content Summary Page 4 of 7
Chapter 9 – Contractual Issues – Form, Interpretation, Performance & Discharge
Form & Interpretation
Performance
Excuses for Nonperformance
Additional Thoughts on Contracts
Chapter 10: Torts in the Business Environment
Intentional Torts
o Assault & Battery
o International Infliction of Mental Distress
o Invasion of Privacy
o False Imprisonment and Malicious Prosecution
o Trespass
o Conversion
o Defamation
o Fraud
o Common Law Business Torts
Negligence
o Duty of Care
o Unreasonable Behavior – Breach of Duty
o Causation in Fact
o Proximate Causation
o Defenses to Negligence
Strict Liability in Tort
o Strict Products Liability
o Respondeat Superior
o Ultrahazardous Activity
o Other Strict Liability Torts
Damages
o Compensatory Damages
o Punitive Damages
Alternatives to the Tort System
o Workers’ Compensation Acts
Chapter 11: Intellectual Property in the Property System
Trade Secrets
Patent Law
Trademark Law
Copyright Law
Business Law Tentative Schedule & Content Summary Page 5 of 7
Chapter 12: The Criminal Law and Business
Terms & Procedures
Constitutional Issues
Specific Crimes
o Endangering Workers
o Obstruction of Justice
o False Statement to a Bank
o False Statement to a Federal Agency
o Larceny
o Fraud
o Mail and Wire Fraud
o Bankruptcy Crimes
o Racketeer Influenced and Corrupt Organizations Act (RICO)
o Cyber Crime
o Sentencing Guidelines
o Trends
Chapter 13: International Law
International Law and Organizations
o Sources of International Law
o International Organizations and Agreements Affecting Trade
o The European Union
o The North American Free Trade Agreement
Methods of Transacting International Business
o Foreign Sales
o Licenses or Franchises
o Direct Foreign Investment
Risks Involved in International Trade
o Expropriation and Nationalization
o Export Controls
o Pressures for Bribes
o Conflicts with US Antitrust Laws
Resolving International Disputes
o Suing Foreign Governments in the United States
o Suing Foreign Firms in the United States
o International Arbitration
Chapter 14: Formation & Regulation of Business Organizations
Forms of business organizations
Factors to consider when selecting a business form
Selecting the best organizational form
o Sole Proprietorship
Business Law Tentative Schedule & Content Summary Page 6 of 7
o Partnership
o Corporation
o Limited Partnerships
o S Corporations
o Limited Liability Companies
Operating the Organization
Chapter 15: Sarbanes-Oxley & Securities Regulations
Introduction & Terms
Financial Statements & Controls
The Securities Act of 1933: Going Public
Insider Trading
Blue Sky Laws
Recent Developments In and Considerations Beyond The Federal Securities Act
o Sarbanes-Oxley Act of 2002
o State Blue Sky Laws
Chapter 16: Antitrust Laws – Regulating Competition
Historical Development
The Sherman Act
Types of Cases
The Clayton Act
The Federal Trade Commissions Act – Unfair Competition
Chapter 17: Consumer Protection
The Federal Trade Commission
Federal Credit Regulations
Debt Collection and Consumer Protection
Consumer Privacy and Property
Chapter 18: Environmental Laws and Pollution Control
Government’s regulation of itself
Government’s regulation of business
Suits by private individuals
Trends in Environmental Regulation
Chapter 19: Agency and Employment Laws
Principles of Agency Law
Employment Laws
o Minimum Wage
Business Law Tentative Schedule & Content Summary Page 7 of 7
o The WARN Act
o Family & Medical Leave Act
o OSHA
o Pension plans & Health Care
o Worker Privacy
Employment at Will
Chapter 20: Discrimination in Employment
The Civil Rights Act of 1964
Employment Practices that May be Challenged
Other Statutes in Discrimination of Employment
Chapter 21: Labor-Management Relationship
Labor Laws
The Wagner Act
The Taft-Hartley Act
