MN3611 Introduction to Business Law

The course will focus on the legal, ethical and practical aspects of business law to prepare students for their roles as leaders within the military and other government positions who necessarily interact with businesses. Key topics include the U.S. legal system, business organizations, agency, contracts, torts, real and intellectual property, and creditor-debtor relations. Class time is a combination of lecture and case-based discussion. Emphasis is placed on learning legal principles, analytical problem-solving based on those principles, and ethical decision making. Prerequisites: None.

Lecture Hours

4

Lab Hours

0

Course Learning Outcomes

By the end of the course, the student should understand:

• the basis of the American legal system, including the sources of laws and the roles of the legislature and the court system. 
• the various ways in which disputes can be settled.
• how the U.S. Constitution applies to and affects businesses.
• business organizations, director and officer fiduciary duties, shareholder rights, and the basics of corporate governance.
• the concept of agency and principal-agent duties and liabilities.
• fundamental contract concepts, breach, and associated remedies.
• the definition of tort (negligence) liability and the associated remedies.
• the concepts of property, both real and intellectual.
• creditor and debtor relations and bankruptcy law.