LGS 253-Business Law 1

3 credit hours – Three hours weekly; one term.
Study basic principles of law and their impact on common business transactions. Explore sources of law, the judicial system, a wrongdoer’s liability for harm to society (crimes) and to the injured party (torts), the formation and performance of contracts, the ownership and transfer of personal and real property, principals and their agents and factors to be considered in choosing the form of a business (partnership and corporations) to be organized. Lab fee $5.

Crosslisted: Also offered as LGS 253H, BPA 253 and BPA 253H; credit is not given for LGS 253 and also LGS 253H, BPA 253 and BPA 253H.