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University of Phoenix LAW 421 Finance For Business Study Guides and Answers

University of Phoenix LAW 421 Finance For Business Study Guides and Answers

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University of Phoenix
LAW 421 Finance For Business Study Guides and Answers

This course reviews the U.S. legal system, common law and its development, organizational structures, and the regulatory environment pertinent to business. Students will learn to critically examine torts, crimes, and business ethics. They will also examine contracts; business associations including agencies, partnerships, and corporations; wills, estates, trusts, and other legal entities; securities regulations; and investor protections.

Introduction to Law

Define the functions of law in society.
Define the role of law in business.
Compare and contrast means for resolving domestic and foreign legal disputes.
Torts

Classify the types of torts.
Assess the different types of and legal protections for intellectual property.
Analyze the legal issues of e-business to include intellectual property, privacy, ethics, and security.
Contracts

Analyze the elements necessary to form valid contracts.
Summarize the legal defenses to contract formation.
Evaluate the remedies for breach of contract.
Uniform Commercial Code – Sales

Compare and contrast common law contracts and the UCC Article 2.
Analyze the gap filling provisions of UCC Article 2 as they pertain to the essential terms of a contract.
Analyze the scope and limitations of remedies for contract breaches.
Differentiate between implied and express warranties under the UCC Article 2.
Ethics

Discuss ethical decision making and the challenges to business ethics in today’s business environment.
Identify business activities that may result in criminal liability.
Analyze the implications of the Sarbanes-Oxley Act (2002).