Foundations of Business Law ---This course presents an overview of the structure and operation of the US legal system, a summary of the major categories of tort liability, and a detailed discussion of the process of making enforceable contracts. Edited summaries of actual court cases will be used to illustrate the points of law involved, and to show how these business problems arise and how they may be minimized or avoided. In examining contract law, we will consider the "common-law" rules developed by the courts, the Uniform Commercial Code adopted by the State legislatures, and the United Nations Convention on Contracts for the International Sale of Goods (ratified by 76 nations).
BL 512 fulfills the MBA Law/Ethics Requirement. Prior to the Fall 2014 term, this course was called LHC 512.