About This Chapter
Business Law Basics - Chapter Summary
The lessons in this chapter introduce you to the basic aspects of business law. You'll get an overview of constitutional law and learn about the responsibilities and rights delineated in the New York State Constitution. Other lessons cover the state and federal court systems and how they work.
You'll learn about the Uniform Commercial Code and what it does, complete with examples, and also study what constitutes an agency relationship. By the time you've finished these video lessons, you should:
- Comprehend the fundamentals of business and constitutional law
- Understand individual rights and responsibilities granted by New York's constitution
- Discuss Uniform Commercial Code contract law
- Analyze the structure of the U.S. court system
- Report on state courts and their duties
- Explain the concept of agency relationship
- Understand secured transactions
Our professional instructors make learning about business law fun through these brief video lessons. You can test your knowledge through multiple-choice quizzes at the end of each lesson. Embedded video tags allow you to easily locate and review any business law basics topics that give you trouble.
1. What Is Constitutional Law? - Definition & Example
Constitutional law deals with the understanding and use of the United States Constitution. This lesson will define and discuss constitutional law, while examining several famous constitutional law cases.
2. New York State Constitution: Rights & Responsibilities
When it was approved over 200 years ago, the New York State Constitution outlined the government and structure of one of the original members of the 13 colonies. Composed of 20 Articles, it outlines the rights and responsibilities of both citizens and government, which you can read about in this lesson.
3. What Is the Uniform Commercial Code? - Definition & Example
After completing this lesson, you will have an understanding of what the Uniform Commercial Code is, its structure and how the Uniform Commercial Code applies to commercial and business transactions.
4. UCC Contract Law: Requirements
The Uniform Commercial Code's Article 2 covers contracts for the sale of goods, including the necessary requirements to form a contract. This lesson explains offer and acceptance under the UCC.
5. Agency Relationship: Definition, Principles & Problems
Agency relationships always involve an agent and a principal, though the agency relationship can arise in various ways. This lesson explains agency relationships.
6. The Court System: Trial, Appellate & Supreme Court
There are three separate levels of courts in our legal system, each serving a different function. Trial courts settle disputes as the first court of instance, appellate courts review cases moved up from trial courts and supreme courts hear cases of national importance or those appealed in the court of appeals.
7. The Federal Court System of the United States: Definition, Structure & Levels
The United States has two separate court systems: the federal and the state. This lesson explores the federal court system of the Unites States, including its structure and jurisdiction.
8. State Court System: Structure & Overview
There is no uniform structure to the State Court System. Each state has its own system but most states operate similarly to the Federal Court System in that there are several levels of courts including trial courts, intermediate appellate courts and supreme courts.
9. Secured Transactions: Examples & Explanations
A secured transaction is any deal in which a creditor receives a security interest in the debtor's property. This lesson explains what a secured transaction is and how these transactions work.
10. What Is Business Law? - Definition & Overview
Business law is a broad area of law. It covers many different types of laws and many different topics. This lesson explains generally what business law is and how it's used.
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Other chapters within the NYSTCE Business and Marketing: Practice and Study Guide course
- Introduction to Business Management
- Organizational & Group Behaviors in Business Management
- Motivation in Business Management
- Human Resource Management & Development
- Business Ownership
- Laws Related to Business Ownership
- Labor-Management Relations
- Ethics in Business Today
- Marketing Fundamentals
- Marketing Strategies in Business
- Marketing & International Business
- Accounting Fundamentals
- Accounting & Financial Management
- Business Technology & Information Systems
- Business & Marketing Communications
- Principles of Economics
- Consumer Economics & Personal Finance
- Career & Professional Development in Business