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BU-271 Business Law

GENERAL INFORMATION:

Course number and title: BU271 Business Law

 

Campus:   National

Initiator: Cindy M. Edwin

Date Initiated: 

April 4, 2019

Course description: 

 

This course introduces the legal system of the US and FSM as it relates to relevant topics involving business transactions and regulations. It equips students to have a basic understanding of valid and invalid contracts and agreements regarding property, sales, negotiable instruments, and agency and employment as it relates to US and FSM law. 

 

COURSE HOURS/CREDITS:

 

 

 

Hours per Week

 

No.  of    Weeks

 

Total Hours 

 

Semester Credits

 

Lecture

 

3

x

16

x

48

=

3

 

Laboratory 

 

 

x

 

x

 

=

 

 

Workshop 

 

 

x

 

x

 

=

 

 

 

 

 

 

 

 

Total    Semester 

 

Credits

 

 

            3














PURPOSE OF COURSE:

[X] Degree requirement

[   ] Degree elective

[   ] Certificate

[   ] Other

 

PREREQUISITES:

 

     BU101 Introduction to Business

 

PSLOS OF OTHER PROGRAMS THIS COURSE MEETS:

 

PSLO#

                             Program

N/A

 

 

1)  INSTITUTIONAL STUDENT LEARNING OUTCOMES(Check all that apply)

 

[     ]

1.  Effective oral communication: capacity to deliver prepared, purposeful presentations designed to increase knowledge, to foster understanding, or to promote change in the listeners’ attitudes, values, beliefs, or behaviors.

 

[X ]

2.  Effective written communication: development and expression of ideas in writing through work in many genres and styles, utilizing different writing technologies, and mixing texts, data, and images through iterative experiences across the curriculum.

[X ]

3.  Critical thinking: a habit of mind characterized by the comprehensive exploration of issues, ideas, artifacts, and events before accepting or formulating an opinion or conclusion.

[     ]

4.  Problem solving: capacity to design, evaluate, and implement a strategy to answer an open-ended question or achieve a desired goal.

 

[X ]

5.  Intercultural knowledge and competence: a set of cognitive, affective, and behavioral skills and characteristics that support effective and appropriate interaction in a variety of cultural contexts.

 

[     ]

6.  Information literacy: the ability to know when there is a need for information, to be able to identify, locate, evaluate, and effectively and responsibly use and share that information for the problem at hand.

[X]

7.  Foundations and skills for life-long learning: purposeful learning activity, undertaken on an ongoing basis with the aim of improving knowledge, skills, and competence.

 

[     ]

8.  Quantitative Reasoning: ability to reason and solve quantitative problems from a wide array of authentic contexts and everyday life situations; comprehends and can create sophisticated arguments supported by quantitative evidence and can clearly communicate those arguments in a variety of formats.

 

2)  PROGRAM STUDENT LEARNING OUTCOMES (PSLOs): The student will be able to:

 

  1. Demonstrate basic knowledge of each of the functional areas of business - accounting, management, marketing, economics, and finance- by emphasizing their importance in an organization and describing their interrelationships in the organization’s attempt to achieve its objectives;
  2. Demonstrate basic knowledge and skill in the use of cost and managerial concepts and techniques as management tools for planning, controlling, evaluating performance and making decisions;
  3. Demonstrate basic knowledge and skill in business mathematics and elementary statistics by accurately performing common business computations, statistical data presentation and analysis;
  4. Demonstrate basic knowledge and skills in intercultural writing and speaking appropriate for business; and
  5. Demonstrate a basic understanding of the legal environment and ethical challenges confronting business in general and in the FSM, from both local and global perspectives.

3)  COURSE STUDENT LEARNING OUTCOMES (CSLOs) (General): The student will be able to:

  1. Demonstrate a basic understanding of the US and FSM legal system;
  2. Demonstrate a basic understanding of valid and invalid contracts and agreements regarding property, sales, negotiable instruments, and agency and employment as it relates to US and FSM law;
  3. Prepare and inspect various samples of legal documents for validity, including samples of their own work and that of their peers.

 

 

4)  COURSE STUDENT LEARNING OUTCOMES (CSLOs) (Specific): The student will be able to:

 

CSLO (General) 1: Demonstrate a basic understanding of the US and FSM legal system.

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

Define law, describe the sources of law, and explain why we have laws.

5,7

5

Student will demonstrate a basic understanding of CSLO 1.1 by completing a written assignment graded with a rubric.

 

Outline court procedures and parties involved in court cases.

5,7

5

Student will demonstrate a basic understanding of CSLO 1.2 by a written assignment graded with a rubric.

 

Explain tort and various types of business crimes.

5,7

5

Student will demonstrate a basic understanding of CSLO 1.3 by a written assignment graded with a rubric.

 

 Explain government regulation of business.

5,7

5

Student will demonstrate a basic understanding of CSLO 1.4 by completing a written assignment graded with a rubric.

 

CSLO (General) 2: Demonstrate a basic understanding of valid and invalid contracts and agreements regarding property, sales, negotiable instruments, and agency and employment as it relates to US and FSM law.

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

2.1  Compare contract and an  

       agreement and its validity.

3*,5,7

5

Student will demonstrate a basic understanding of CSLO 2.1 with the use of a legal case problem graded with a rubric.

 

2.2 Explain Statute of Frauds and types       

      of agreements covered by this law.

3,5,7

5

Student will demonstrate a basic understanding of CSLO 2.2 with the use of a legal case problem graded with a rubric.

 

2.3 Explain property, including  

      personal property and real property     

      and how title to real estate is 

      transferred.

3,5,7

5

Student will demonstrate a basic understanding of CSLO 2.3 with the use of a legal case problem graded with a rubric.

 

2.4 Explain when ownership and 

      risk of loss transfers in sales.

3,5,7

5

Student will demonstrate a basic understanding of CSLO 2.4 with the use of a legal case problem graded with a rubric.

 

2.5 Describe warranty, including  

      express and implied warranties.

3,5,7

5

Student will demonstrate a basic understanding of CSLO 2.5 with the use of a legal case problem graded with a rubric.

 

2.6 Discuss characteristics of     

      negotiable instruments  and how      

      they are transferred.

3,5,7

5

Student will demonstrate a basic understanding of CSLO 2.6 with the use of a legal case problem graded with a rubric.

 

2.7 Explain the nature of an agency and  

      parties involved, including duties of  

      each party and termination of  

      agency.

3,5,7

5

Student will demonstrate a basic understanding of CSLO 2.7 with the use of a legal case problem graded with a rubric.

 

2.8 Explain the relationship of  

      employer and employee, including  

      the legal environment of 

      employment.

3,5,7

5

Student will demonstrate a basic understanding of CSLO 2.8 with the use of a legal case problem graded with a rubric.

 

CSLO (General) 3: Prepare samples of a variety of legal documents and inspect for validity, including samples of their own work and that of their peers.

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

3.1 Prepare a sample written contract.

2*,7

4,5

Student will prepare a sample written contract in which the type (buy or sell an auto, home, rental, etc.) is determined by the instructor graded with a rubric.

3.2 Inspect a sample written contract for validity.     

7

4,5

Student, individually or in a group setting, will inspect a sample contract in which the type (buy or sell an auto, home, rental, etc.) is determined by the instructor, using a checklist to determine validity.

 

3.3 Prepare a sample Will and 

      Testament. 

2,7

4,5

Student will prepare a sample Will and Testament using their identified property graded with a rubric. 

 

 

 

 

 

5)  COURSE CONTENT:

  • US and FSM legal system
  • Contracts & their validity
  • Personal vs Real Property
  • Formalities of sales and Risk of Loss
  • Negotiability and Negotiable Instruments
  • Agency and Employment

6)  METHOD(S) OF INSTRUCTION:

[X] Lecture                             [X] Cooperative learning groups

[   ] Laboratory                        [X] In-class exercises

[   ] Audio visual                     [   ] Demonstrations

[X] Other –Learning Management System

7)  REQUIRED TEXT(S) AND COURSE MATERIALS:

Ashcroft, J.D., Ashcroft, K.M., and Patterson, M.A. (2014). Law for Business. (18th Edition or newer version). Mason, OH. South-Western Publishing, Cengage Learning (or most recent edition).

8)  REFERENCE MATERIALS:

Supplementary handouts pertaining to:

  • Federated States of Micronesia Constitution, 
  • FSM Code Title 4 Judiciary of the FSM
  • FSM Code Title 6 Judicial Procedure, and 
  • FSM Code Title 51 Labor 

9)  INSTRUCTIONAL COSTS:

None

10) EVALUATION:

The summative evaluation will be based on examinations, authentic evaluations, and a final exam. A grade of C or better is required to pass this course.

11) CREDIT BY EXAMINATION:

None

BU 271 Business Law 
Recommended by CC: 3/10/2020

Approved by VPIA: 3/12/2020

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