Business students are often required to study business law as part of a four-year bachelor's degree program at a college or university. Students usually take an overview business law course that introduces them to employment law, contracts, consumer protections and other common issues encountered as part of running a business. Some schools include a second overview business law course that continues the discussion of the topics introduced.
Advanced law coursework depends on the business major the student pursues. It might cover the legal aspects of financial, commercial and real estate transactions, as well as employee relations, contracts and international business. For example, accounting majors study the financial laws and regulations applying to taxation, auditing and accounting practices. Human resources management majors, on the other hand, study employment laws that apply to hiring and firing employees, as well as those dealing with personal privacy and discrimination. Those studying international business learn about international legal systems and its impact on international contracts, patents and environmental law.
Here is a list of concepts commonly examined in corporate law courses for business majors:
- Domestic and global transactions
- Contractual rights
- Consumer protection
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- Advanced Legal Research
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List of Common Courses
Introduction to Business Law Course
Laws that define and govern businesses and corporations are explained in this course. Topics might include contracts, torts and product liability, employment law and government regulation. Ethics, environmental law, consumer protections and political and social forces that affect laws also might be reviewed.
Financial and Commercial Law Course
This course introduces laws that regulate financial and commercial transactions. The Uniform Commercial Code is analyzed, and students should learn about commercial paper, sales, bankruptcy, collections and letters of remedy. Legal issues brought about by technology, including internet banking and commerce, patents, trademarks and copyrights, also might be discussed.
Contract Law Course
Businesses rely on contracts every day, and this course introduces business students to the fundamentals of how contracts are structured and signed. What constitutes a default, how contracts are enforced and what legal remedies might be available also might be covered. Students learn to draft and read contracts as well as to negotiate deals.
Employment Law Course
This course examines the complex body of law relating to employer/employee relationships. Topics are likely to include employee rights regarding termination, discrimination and privacy. Employer responsibilities should also be addressed, and judicial decisions that have affected employment law might be analyzed. Students should gain an ability to identify and understand legal issues involved in human resource management.
International Law Course
This course gives students a basic understanding of international legal systems, cultures and traditions. Students can study the rights and responsibilities of parties to international contracts, see how judgments are enforced across national boundaries and learn about sovereign immunities and conventions. International issues on topics such as patent and copyright infringement, environmental law and human rights also might be discussed.
Real Estate Law Course
Legal aspects of real estate transactions and transfers are introduced in this course. Students learn about sales contracts, mortgages, deeds, conveyance instruments and ownership transfers. Students learn about income tax and legal aspects of real estate planning. Additionally, students explore laws and policies affecting brokers and salespersons.