BMT-2240 Business Law II

Credits 3
This course is an advanced study of the theory and applications of business law and commercial business transactions in both a domestic and an international environment. Students examine topics that include the Uniform Commercial Code (UCC), bankruptcy, basic business organizations and corporations, and personal and intellectual property. Students apply laws governing liability, secured transactions, and commercial paper to sales contracts, different types of exchanges and transactions, and various forms of business organizations through case studies and practical exercises.
Prerequisite(s): BMT-2220
Formerly Formerly BUS-2240. Students may not receive credit for both BUS-2240 and BMT-2240.
Course Outcomes

Compare and contrast provisions of the common law of contracts with parallel provisions of the Uniform Commercial Code as related to sales contracts and contracts involving merchants.
Apply the laws governing seller’s liability for defective products to sales contracts.
Compare and contrast drafts, checks, notes and bills of exchange in light of laws governing commercial paper.
Compare and contrast the legal attributes of various forms of business organizations, including sole proprietorship, partnership, limited partnership, limited liability company and corporation.
Examine how business transactions are affected by the laws governing secured transactions, bankruptcy, transfers of personal property by gift or bailment, and intellectual property rights.