Bl-Business Law and the UCC

With companies increasingly accepting greater risks and emphasizing empowerment, contracting and other business professionals need to understand the legal ramifications of their actions so that preventive law can be practiced and costly legal difficulties can be avoided. This is particularly true in contract negotiations focusing on issues that are not price related, such as intellectual property, product liability and warranties.
Taught by an experienced team of practicing contract attorneys, this course guides you through the Uniform Commercial Code (UCC), the essentials of contract law, techniques in the use of alternative dispute resolution (ADR) and key antitrust laws. You will gain the knowledge to manage relationships with suppliers in a manner that protects the rights of your organization.

The Legal Environment
The constitutional system
The federal executive branch
The federal legislative branch
The Sources of law
The federal judicial branch
Federal and independent agencies
Rule making
Adjudication—typical flow (National Labor Relations Board)
Judicial review of agency actions
Ethics
Morals vs. ethics
Models of justice
Relationship between ethics and law
Common law and ethics
Ethics in action in the business world
The Law of Agency
Definition
Concept
Authority
Liability of the agent
Warranty by the agent
Agent’s self-defense
Ratification by the principle
Termination of the agency
Different rules for government contracts
Forms of Business Entities
Sole proprietorship
Partnership
Corporation
Other forms of business entities
Summary comparison of business organizations
Constitutional Law
Relationship between state and federal law
The commerce clause
First amendment
Due process
Equal protection
Contract Law
Definition of a contract
The offer
The acceptance
Capacity to contract
Consideration—definition
Lawful purpose
The statute of frauds
Breach of contract
Relief for breach of contract
Force majeure
Torts
Definition
Elements of tort action
Negligence
Defense to negligence actions
Tort liability not based on negligence
Intentional torts
Torts arising out of “contractual” situations
Product liability
Business Crimes
Definition of a crime
General characteristics of business crimes
Specific crimes
Racketeer Influenced and Corrupt Organizations Act (RICO)
Foreign Corrupt Practices Act
Intellectual Property Law
Anti-Trust Law
The Sherman Act
The Clayton Act
The Robinson-Patman Act
Contractor teaming arrangements
The UCC—Law of Sale of Goods
General provisions of UCC Article 2
Performance problems
Seller’s remedies
Buyer’s remedies
Liquidation or limitation of damages
Limitation of remedy
Statute of Limitations (§2-725)
Commercial Paper/Negotiable Instruments
Debtor and Creditor
Comparison of forms of bankruptcy
Liquidation
Reorganization
The Legal Process: Dispute Resolution
Dispute resolution
Federal court system
Jurisdiction of courts
Stages of a civil lawsuit
Description of pleadings in a civil case
Arbitration and mediation

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