PA 1103 - Contracts, UCC and Business Organizations
4 Credits
Introduces the student to the law of contracts and the Uniform Commercial Code, specifically Article 2-Sales and Article 9-Secured Transactions. Students will also gain knowledge in the formation of business organizations in terms of partnerships, corporations and other business entities, which includes the preparation of related documents.
Pre-Requisites PA 1102
Major Content Areas
Sales
1. Formation of the Sales Contract
2. Warranties
3. Performance of Sales Contract
4. Title, Risk of Loss, and Insurable Interest
5. Remedies
Secured Transactions, UCC Article 9
Agency
Section E. Business Organization Formation
1. Sole Proprietorships
2. Franchises
3. Partnerships
a. Limited Partnerships
b. Limited Liability Partnerships
4. Corporations
a. Nature and Formation
b. Directors, Officers, and Shareholders
c. Mergers
d. Consolidation
e. Termination
f. Security Regulations
g. Professional and B-Corporations
h. Limited Liability Company
Section F. Ethics
Section A. Contracts
1. Contracts
2. Basic Concepts-Terminology
3. Offers and Acceptance
4. Consideration
5. Legality, Statute of Frauds, Construction
6. Defenses to the Formation and Enforcement of Contracts
7. Third Party Rights and Obligations8. Performance of Contract
9. Remedies
Learning Outcomes
Explain and illustrate the purpose and structure of the various forms of business entities.Create and draft basic business entity formation documents.
Recall, interpret and analyze the basic ethical considerations of forming a business entity including applicable rules of legal professional responsibility and confidentiality.
Demonstrate and apply a general understanding of the corporate financial structure including secured transactions, security agreements, corporate dividends, and other distributions.
Explain and interpret the general procedures to conduct corporate meetings, prepare corporate minutes, and institute changes in the corporate structure.
Demonstrate a general understanding and working knowledge of the law of contracts, sales, secured transactions, agency and the structure of various business organizations.
Recognize, differentiate, and distinguish between common law contract and acontract formed under the Uniform Commercial Code.
Demonstrate an advanced understanding of legal reasoning, legal analysis, and critical thinking skills.
Summarize the facts of a case, explain the applicable law, apply the law to the facts, and rech a legal conclusion for more complex legal issues through analysis, discussion and evaluation.
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