BMGT 2051 - Legal Environment of Business

Credits: 3
Hours/Week: Lecture None Lab None
Course Description: This course is a study of the principles, rules, and logic of business law and its relation to the social, economic, and moral forces underlying justice in our society. It provides an overview of the legal system including basic laws, contracts, constitutional law, and tort law.
MnTC Goals
None

Prerequisite(s): None
Corequisite(s): None
Recommendation: None

Major Content

1. General overview of the legal system
   1. The nature of law
   2. Common law, Statutory law, Administrative law, and Constitutional Powers and Liberties
2. Tort Law

   1. The basis of Tort law

   2. Intentional Torts against persons and property and associated criminal consequences

   3. Unintentional Torts (Negligence)

   4. Strict liability theories

   5. Prevention of and defenses for Tort actions

3. Contract Law

   1. Definition and function of contracts

   2. The nature and classification of contracts

   3. Requirements of a contract

   4. Interpretation of contracts

   5. Contrast of common law and U.C.C. requirements

   6. Contract formation (offer, acceptance, and consideration)

   7. Contractual capacity

   8. Non-compete clauses

   9. Mistake and misrepresentation

   10. The Statute of Frauds

   11. The Parole Evidence Rule

   12. Breach and Remedies

   13. Damages, Injunctions, and Specific Performance

   14. Reformation, Rescission, Restitution, Alternative Dispute Resolution (ADR)

1. explain the main elements of the American legal system and how it functions within the federal system of government.

2. describe the rights and limitations found in the Constitution.

3. discuss the main sources of legal authority, which may include constitutions, treaties, statutes, cases, regulations, and decrees.

4. recognize and apply legal terminology in an appropriate context.

5. recognize and apply the fundamentals of legal reasoning.

6. describe legal situations which impact businesses, which may include criminal law, civil law, contracts, torts, business organizations, intellectual property, employment law, the legal and regulatory environment of business (local, national and global), Uniform Commercial Code, and alternative forms of dispute resolution.

7. analyze fact patterns to identify legal issues and their impact on associated stakeholders.

8. analyze legal issues through the application of primary and secondary sources of law.

9. explain the functions of courts and other non-judicial tribunals in the resolution of disputes.

10. recognize the philosophies of law and the resolution of ethical dilemmas.

11. analyze and defend alternative outcomes in legal cases through oral and written communication.

12. identify and apply the use of legal and business data bases.

13. recognize the global and culturally diverse context in which business and business law functions.

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