Business Law (2023-2024)

Analyze the relationship between ethics and the law and describe sources of the law, structure of the court system, and classifications of laws.

Identify the legal environment of businesses, domestic and international.

Analyze the elements, concepts, and principles of contract law.

Analyze the protections afforded consumers through consumer laws.

Analyze the role and importance of employment law related to the conduct of business.

Describe the structure of federal and state court systems.

Differentiate between procedural and substantive law.

Compare and contrast civil and criminal law and their respective trial processes.

Explain the advantages and disadvantages of negotiation, arbitration, mediation, and litigation.

Distinguish between a tort and crime including burden of proof, penalties, and remedies.

Describe the role of values in constructing an ethical code and a legal system.

Describe the major types of business organizations, including sole proprietorships, partnerships, corporations, and limited liability companies.

Identify legislation and entities that regulate employment rights, working conditions and benefits, and equal opportunity in the workplace.

Demonstrate knowledge of agency law, fiduciary duty, and responsibilities.

Explain the relationship between national and international law.

Explain the contractual relationship and identify the elements of a legally binding contract (offer, acceptance, mutual assent, consideration, capacity).

Identify the classifications of contracts (valid, void, voidable, unenforceable, express, implied, bilateral, unilateral, oral, and written).

Describe breach of contract and remedies available (e.g., monetary, specific performance, liquidation) when a contract is breached.

Identify types of contracts that must be in writing under the statute of frauds.

Compare ways a contract can be discharged or terminated.

Describe consumer protection and product liability laws and warranties.

Define common, unfair, and deceptive practices.

Identify and state the purpose of legislation that regulates consumer credit.

Explain the legal rules that apply to personal property, real property, and intellectual property.

Explain both the landlord and tenants rights and responsibilities.

Explain the nature of the employee-employer relationship.

Describe an employer’s right to free speech in the workplace.

Describe the elements needed in a social media policy.

Explain the powers and operation of the Equal Employment Opportunity Commission (EEOC).