PARA 1150 Contracts, Commercial Law, and Business Organizations (3-0-3)

This course introduces students to the basic concepts of legal rules commonly applicable in commercial settings; to the basic concepts of substantive contract law; and to the formulation and operation of sole proprietorships, general partnerships, limited partnerships, and corporations. Additionally, the course explores the basic concepts of agency law. Topics include Constitutional law and its impact on business, the essential elements of a contract and related legal principles and the Uniform Commercial Code, sole proprietorships, partnerships, professional associations and other business organizations, corporations, and tax implications of different organizations. Students must pay a $25 supply fee when registering for this course.

Offered Spring every year and Summer of odd years

Prerequisite

Prerequisite/Corequisite: PARA 1100