This class deals with the business law topics that appear on the CPA exam: Agency, Contracts, Debtor-Creditor Relationships, Government Regulation of Business, and Business Organizations. Students will gain an understanding of how these areas of the law affect businesses and their operations, with an eye on preparation for the business law portions of the REG section of the CPA exam. By the end of the class, students will be able to identify the legal principles that govern various business situations and apply those principles to an issue to determine the outcome when the law is applied to the facts of a scenario.
Corporate & Commercial Law I: Contracts & Employment Law
Offered By
University of Illinois at Urbana-Champaign
Syllabus - What you will learn from this course
Week
1Introduction to the Course
In this module, you will become familiar with the course, your instructor and your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.
2 videos (Total 5 min), 4 readings, 1 quiz
4 readings
Syllabus10m
About the Discussion Forums10m
Update Your Profile10m
Build a Learning Community with Social Media10m
1 practice exercise
Orientation Quiz8m
Module 1: Forming Enforceable Agreements
In this module, you will be introduced to the concept of legally enforceable agreements, also known as contracts. Contracts are the most important legal concept with which businesses must be familiar. This module will introduce all of the elements of a valid contract: agreement, consideration, capacity, legality, and satisfaction of the statute of frauds. By the end of this module, you will be able to recognize a valid, enforceable contract, and identify reasons why an agreement may not be enforceable.
9 videos (Total 67 min), 1 reading, 9 quizzes
9 videos
Interview with an Entrepreneur13m
Offers8m
Acceptance4m
Assent7m
Consideration7m
Written v. Oral Contracts9m
Capacity7m
Legality3m
1 reading
Module 1 Overview and Resources10m
9 practice exercises
Lesson 1.1 Knowledge Check4m
Lesson 1.2 Knowledge Check4m
Lesson 1.3 Knowledge Check4m
Lesson 1.4 Knowledge Check4m
Lesson 1.5 Knowledge Check4m
Lesson 1.6 Knowledge Check4m
Lesson 1.7 Knowledge Check4m
Lesson 1.8 Knowledge Check4m
Module 1 Quiz20m
Week
2Module 2: Special Rules for Sales Contracts
In this module, you will learn the special rules that apply to contracts for the sale of goods. A set of statutes, known as UCC Article 2, modifies the common law rules governing contract formation, and this module will detail those modifications. By the end of this module, you will be able to determine which contracts are governed by UCC Article 2 and how they differ from contracts that do not involve the sale of goods.
6 videos (Total 44 min), 1 reading, 7 quizzes
6 videos
UCC Article 2 Contract Formation11m
Title to Goods & Risk of Loss: No Breach7m
Title to Goods & Risk of Loss: Breach4m
Sale of Goods by Non-owners5m
Warranties for Sales of Goods9m
1 reading
Module 2 Overview and Resources10m
7 practice exercises
Lesson 2.1 Knowledge Check4m
Lesson 2.2 Knowledge Check4m
Lesson 2.3 Knowledge Check4m
Lesson 2.4 Knowledge Check4m
Lesson 2.5 Knowledge Check4m
Lesson 2.6 Knowledge Check4m
Module 2 Quiz20m
Week
3Module 3: Enforcing Agreements
In this module, we continue our discussion of contract law by focusing on the enforcement of agreements. We begin by examining who can enforce contracts, then discuss when contracts can be enforced in court, and end by looking into what types of awards courts will grant when a party has been the victim of a breach of a contract. Throughout this module, we will call special attention to different rules that apply to contracts for the sale of goods.
9 videos (Total 80 min), 1 reading, 9 quizzes
9 videos
Interview with a Business Attorney8m
Assignment & Delegation17m
Discharge: Mutual Agreement & Conditions8m
Discharge: Breach & Operation of Law7m
Contract Performance: Common Law7m
Contract Performance: Sale of Goods7m
Remedies for Breach: Common Law9m
Remedies for Breach: Sale of Goods4m
1 reading
Module 3 Overview and Resources10m
9 practice exercises
Lesson 3.1 Knowledge Check4m
Lesson 3.2 Knowledge Check4m
Lesson 3.3 Knowledge Check4m
Lesson 3.4 Knowledge Check4m
Lesson 3.5 Knowledge Check4m
Lesson 3.6 Knowledge Check4m
Lesson 3.7 Knowledge Check4m
Lesson 3.8 Knowledge Check4m
Module 3 Quiz20m
Week
4Module 4: Agency and Employment Law
In this module, you will learn the foundations of the laws governing employees and employers. We begin with several lessons on the law of agency, which underpins all employment relationships. After that, we look at a series of laws that provide workers with various rights, including the right to unionize and take collective action as part of a labor union. By the end of this module, you will have a basic understanding of some of the fundamental rules that govern the employer-employee relationship.
7 videos (Total 51 min), 2 readings, 8 quizzes
7 videos
Rights & Duties of Principals & Agents6m
Principal & Agent Liability8m
Agency Termination3m
Employee Rights10m
Basics of Labor Unions6m
Labor Actions7m
2 readings
Module 4 Overview and Resources10m
Course Wrap-Up10m
8 practice exercises
Lesson 4.1 Knowledge Check4m
Lesson 4.2 Knowledge Check4m
Lesson 4.3 Knowledge Check4m
Lesson 4.4 Knowledge Check4m
Lesson 4.5 Knowledge Check4m
Lesson 4.6 Knowledge Check4m
Lesson 4.7 Knowledge Check4m
Module 4 Quiz20m
Instructor
Professor Michael R Fricke
Teaching Assistant ProfessorDepartment of Business Administration
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