4.8
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1,073 ratings

Professor Michael R Fricke

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Part of the Master of Science in Accountancy (iMSA) degree
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Corporate & Commercial Law I: Contracts & Employment Law

University of Illinois at Urbana-Champaign

About this Course

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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.

Flexible deadlines

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Shareable Certificate

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Intermediate Level

Approx. 23 hours to complete

English

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Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Intermediate Level

Approx. 23 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.83/5 (372 Ratings)

Professor Michael R Fricke

Teaching Assistant Professor

Department of Business Administration

44,949 Learners

4 Courses

Offered by

University of Illinois at Urbana-Champaign

Start working towards your Master's degree

This course is part of the 100% online Master of Science in Accountancy (iMSA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

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Syllabus - What you will learn from this course

Content Rating98%(4,846 ratings)

Week1

Week 1

2 hours to complete

Introduction to the Course

2 hours to complete

3 videos (Total 5 min), 5 readings, 1 quiz

6 hours to complete

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.

6 hours to complete

9 videos (Total 67 min), 1 reading, 9 quizzes

9 videos

Introduction to Contracts5mInterview with an Entrepreneur13mOffers8mAcceptance4mAssent7mConsideration7mWritten v. Oral Contracts9mCapacity7mLegality3m

1 reading

Module 1 Overview and Resources10m

9 practice exercises

Lesson 1.1 Knowledge Check30mLesson 1.2 Knowledge Check30mLesson 1.3 Knowledge Check30mLesson 1.4 Knowledge Check30mLesson 1.5 Knowledge Check30mLesson 1.6 Knowledge Check30mLesson 1.7 Knowledge Check30mLesson 1.8 Knowledge Check30mModule 1 Quiz30m

Week2

Week 2

4 hours to complete

Module 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.

4 hours to complete

6 videos (Total 44 min), 1 reading, 7 quizzes

6 videos

Introduction to UCC Article 25mUCC Article 2 Contract Formation11mTitle to Goods & Risk of Loss: No Breach7mTitle to Goods & Risk of Loss: Breach4mSale of Goods by Non-owners5mWarranties for Sales of Goods9m

1 reading

Module 2 Overview and Resources10m

7 practice exercises

Lesson 2.1 Knowledge Check30mLesson 2.2 Knowledge Check30mLesson 2.3 Knowledge Check30mLesson 2.4 Knowledge Check30mLesson 2.5 Knowledge Check30mLesson 2.6 Knowledge Check30mModule 2 Quiz30m

Week3

Week 3

6 hours to complete

Module 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.

6 hours to complete

9 videos (Total 80 min), 1 reading, 9 quizzes

9 videos

Third-Party Beneficiaries7mInterview with a Business Attorney8mAssignment & Delegation17mDischarge: Mutual Agreement & Conditions8mDischarge: Breach & Operation of Law7mContract Performance: Common Law7mContract Performance: Sale of Goods7mRemedies for Breach: Common Law9mRemedies for Breach: Sale of Goods4m

1 reading

Module 3 Overview and Resources10m

9 practice exercises

Lesson 3.1 Knowledge Check30mLesson 3.2 Knowledge Check30mLesson 3.3 Knowledge Check30mLesson 3.4 Knowledge Check30mLesson 3.5 Knowledge Check30mLesson 3.6 Knowledge Check30mLesson 3.7 Knowledge Check30mLesson 3.8 Knowledge Check30mModule 3 Quiz30m

Week4

Week 4

6 hours to complete

Module 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.

6 hours to complete

8 videos (Total 55 min), 4 readings, 8 quizzes

8 videos

Agency Formation6mRights & Duties of Principals & Agents6mPrincipal & Agent Liability8mAgency Termination3mEmployee Rights10mBasics of Labor Unions6mLabor Actions7mGies Online Programs3m

4 readings

Module 4 Overview and Resources10mCourse Wrap-Up10mCongratulations!10mGet Your Course Certificate10m

8 practice exercises

Lesson 4.1 Knowledge Check30mLesson 4.2 Knowledge Check30mLesson 4.3 Knowledge Check30mLesson 4.4 Knowledge Check30mLesson 4.5 Knowledge Check30mLesson 4.6 Knowledge Check30mLesson 4.7 Knowledge Check30mModule 4 Quiz30m

Reviews

4.8

239 reviews

5 stars
86.44%
4 stars
11.23%
3 stars
0.92%
2 stars
0.37%
1 star
1.02%

TOP REVIEWS FROM CORPORATE & COMMERCIAL LAW I: CONTRACTS & EMPLOYMENT LAW

by LOSep 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.

by BPAug 28, 2018

Although the instructor is a teaching assistant, not listed as full professor, he’s excellent. Dynamic and knowledegable. Good mix of practical advice and law.

by MAMar 30, 2020

A great course, very informative now I can understand how American commercial law function and I can handle to study a more detailed book. Thanks, Professor Michael R Fricke

by MGJan 4, 2022

Easy to follow and complete materials, instructor has a very engaging personality so it was pleasant to review materials and complete tasks.

View all reviews

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Corporate & Commercial Law I: Contracts & Employment Law

Corporate & Commercial Law I: Contracts & Employment Law

About this Course