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.
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.
What's included
3 videos5 readings1 assignment1 discussion prompt
Show info about module content
3 videos•Total 5 minutes
Course Overview•2 minutes
About Professor Fricke•3 minutes
Learn on Your Terms•1 minute
5 readings•Total 50 minutes
Syllabus•10 minutes
About the Discussion Forums•10 minutes
Online Education at Gies College of Business•10 minutes
Update Your Profile•10 minutes
Build a Learning Community with Social Media•10 minutes
1 assignment•Total 30 minutes
Orientation Quiz•30 minutes
1 discussion prompt•Total 10 minutes
Get to Know Your Classmates•10 minutes
Module 1: Forming Enforceable Agreements
6 hours to complete
Module details
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.
What's included
9 videos1 reading9 assignments1 discussion prompt
Show info about module content
9 videos•Total 67 minutes
Introduction to Contracts•5 minutes
Interview with an Entrepreneur•13 minutes
Offers•8 minutes
Acceptance•4 minutes
Assent•8 minutes
Consideration•8 minutes
Written v. Oral Contracts•10 minutes
Capacity•8 minutes
Legality•3 minutes
1 reading•Total 10 minutes
Module 1 Overview and Resources•10 minutes
9 assignments•Total 270 minutes
Module 1 Quiz•30 minutes
Lesson 1.1 Knowledge Check•30 minutes
Lesson 1.2 Knowledge Check•30 minutes
Lesson 1.3 Knowledge Check•30 minutes
Lesson 1.4 Knowledge Check•30 minutes
Lesson 1.5 Knowledge Check•30 minutes
Lesson 1.6 Knowledge Check•30 minutes
Lesson 1.7 Knowledge Check•30 minutes
Lesson 1.8 Knowledge Check•30 minutes
1 discussion prompt•Total 10 minutes
Make Connections to Topic•10 minutes
Module 2: Special Rules for Sales Contracts
4 hours to complete
Module details
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.
What's included
6 videos1 reading7 assignments
Show info about module content
6 videos•Total 44 minutes
Introduction to UCC Article 2•6 minutes
UCC Article 2 Contract Formation•11 minutes
Title to Goods & Risk of Loss: No Breach•7 minutes
Title to Goods & Risk of Loss: Breach•4 minutes
Sale of Goods by Non-owners•6 minutes
Warranties for Sales of Goods•9 minutes
1 reading•Total 10 minutes
Module 2 Overview and Resources•10 minutes
7 assignments•Total 210 minutes
Module 2 Quiz•30 minutes
Lesson 2.1 Knowledge Check•30 minutes
Lesson 2.2 Knowledge Check•30 minutes
Lesson 2.3 Knowledge Check•30 minutes
Lesson 2.4 Knowledge Check•30 minutes
Lesson 2.5 Knowledge Check•30 minutes
Lesson 2.6 Knowledge Check•30 minutes
Module 3: Enforcing Agreements
6 hours to complete
Module details
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.
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.
Congratulations on completing the course!•10 minutes
Get Your Course Certificate•10 minutes
8 assignments•Total 240 minutes
Module 4 Quiz•30 minutes
Lesson 4.1 Knowledge Check•30 minutes
Lesson 4.2 Knowledge Check•30 minutes
Lesson 4.3 Knowledge Check•30 minutes
Lesson 4.4 Knowledge Check•30 minutes
Lesson 4.5 Knowledge Check•30 minutes
Lesson 4.6 Knowledge Check•30 minutes
Lesson 4.7 Knowledge Check•30 minutes
1 discussion prompt•Total 10 minutes
Final Reflection: I used to think... Now I think•10 minutes
Build toward a degree
This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
View eligible degrees
Build toward a degree
This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
¹Successful application and enrollment are required. Eligibility requirements apply. Each institution determines the number of credits recognized by completing this content that may count towards degree requirements, considering any existing credits you may have. Click on a specific course for more information.
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IK
4·
Reviewed on May 16, 2022
I truly enjoyed every bit of my journey on this course. But i will kindly appreciate it if my certificate is forwarded to me in the soonest possible time.Thanks !
S
SK
5·
Reviewed on Jan 21, 2024
The Instructor Is absolutely fantastic and I would love to attend his real classes to get a better understanding of the Subject.
L
LO
5·
Reviewed on Sep 7, 2020
Thank you so much for the opportunity to gain a better understanding of Corporate & commercial Law, i look forward to having more knowledge going forward.
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What is the refund policy?
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What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.