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.
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Corporate & Commercial Law I: Contracts & Employment Law
University of Illinois at Urbana-Champaign
About this Course
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Intermediate Level
Approx. 16 hours to complete
Suggested: 6 to 8 hours per week
English
Subtitles: English
Offered by
University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
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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.
Syllabus - What you will learn from this course
1 hour to complete
Introduction 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.
1 hour to complete
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 Quiz30m
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
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 Check30m
Lesson 1.2 Knowledge Check30m
Lesson 1.3 Knowledge Check30m
Lesson 1.4 Knowledge Check30m
Lesson 1.5 Knowledge Check30m
Lesson 1.6 Knowledge Check30m
Lesson 1.7 Knowledge Check30m
Lesson 1.8 Knowledge Check30m
Module 1 Quiz30m
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
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 Check30m
Lesson 2.2 Knowledge Check30m
Lesson 2.3 Knowledge Check30m
Lesson 2.4 Knowledge Check30m
Lesson 2.5 Knowledge Check30m
Lesson 2.6 Knowledge Check30m
Module 2 Quiz30m
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
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 Check30m
Lesson 3.2 Knowledge Check30m
Lesson 3.3 Knowledge Check30m
Lesson 3.4 Knowledge Check30m
Lesson 3.5 Knowledge Check30m
Lesson 3.6 Knowledge Check30m
Lesson 3.7 Knowledge Check30m
Lesson 3.8 Knowledge Check30m
Module 3 Quiz30m
5 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.
5 hours to complete
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 Check30m
Lesson 4.2 Knowledge Check30m
Lesson 4.3 Knowledge Check30m
Lesson 4.4 Knowledge Check30m
Lesson 4.5 Knowledge Check30m
Lesson 4.6 Knowledge Check30m
Lesson 4.7 Knowledge Check30m
Module 4 Quiz30m
Reviews
4.8
TOP REVIEWS FROM CORPORATE & COMMERCIAL LAW I: CONTRACTS & EMPLOYMENT LAW
by MBSep 8, 2018
The course is so insightful and definitely enhances your knowledge on its subject. Its unbelievable how the professor makes such heavy course SUPER LIGHT and fun!!
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 EAMar 15, 2020
Nice lecturer. Practical examples. Variety of subjects, compact in a course. A must for managers!
by FOJul 25, 2019
Thank you for this course ...... .now I know more about contract and employment law
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