About This Chapter
FTCE Business: Business Law - Chapter Summary
This chapter is tasked with showing you the history of business law, why business law is important and how to identify the different types of laws. Additional topics found in our video lessons include:
- Rule of law
- The First Amendment
- Trademark and patent infringement
- Uniform commercial code
- Collective bargaining
- Voluntary property transfer
These video lessons also cover contract law, government regulation and ownership.This content is revealed in easy-to-digest, short video lessons that are coupled with transcripts. Each of our lessons provide immediate feedback through supplementary quizzes to show you the areas that you need to improve. After you receive your results, you will be able to predict how well you will answer business law questions on the FTCE Business Education test.
FTCE Business: Business Law Objectives
The FTCE Business Education test's business law objectives explain that you need to know how to recognize major laws, show an understanding of statues at different government levels and identify legal procedures. These questions make up five percent of the FTCE Business Education test. You will need to answer 120 multiple-choice questions within two hours and 30 minutes at an authorized computer-based testing site. Passing this test requires you to earn a scaled score of 200 or more. When you pass the FTCE Business Education test and finish a bachelor's degree program, you can qualify for the Temporary Certificate through the Florida Board of Education. If you also pass the general knowledge test and the professional preparation and education competency test, you may be eligible for the Florida Board of Education's Professional Certificate.
1. American Law: History & Origins from English Common Law
Our modern American law system is based on centuries of English principles regarding right and wrong. This English common law system combines with U.S. case decisions and statutes to form what we know as law. This lesson examines the origins and definitions associated with the American law system.
2. Development of American Law After the American Revolution
The patriot movement and American Revolution generated the democratic government known in the United States today. This lesson discusses the process of creating the new nation through innovative laws.
3. What Is the Rule of Law? - Definition & Principle
Rule of law takes on several meanings. On one hand, it means that no person or government is above the law. In another, it means that no government or its officials can enforce laws that are unfair or unjust.
4. Stare Decisis Doctrine: Definition & Example Cases
The doctrines of stare decisis and precedent are the foundations of our American common law system. This lesson explains what these doctrines are and how they are used.
5. 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.
6. The First Amendment: Commercial Speech, Scrutiny & Restrictions
The First Amendment of the Constitution states that all citizens are free to practice their preferred religion, speak freely and to assemble. Learn how and why businesses are less protected and are held to a higher scrutiny in this lesson.
7. Contract Law Terms: Definitions & Contract Types
A contract is an agreement between two or more parties to perform a service, provide a product or commit to an act and is enforceable by law. There are several types of contracts, and each have specific terms and conditions.
8. Executed vs. Executory Contracts: Definitions & Differences
The main difference between an executed and executory contract is how quickly the contract's promise must be fulfilled. An executed contract must be satisfied immediately, while an executor contract has terms that will be fulfilled later.
9. Types of Contract Breach: Partial, Material, & Total
A contract is a form of agreement that is legally binding. When one of the contracting parties fails to hold up his or her end of the deal, a breach of contract results. There are three different types of breach of contract. This lesson explains partial, material and total breaches.
10. Statute of Frauds Contracts: Definition & Purpose
A statute of frauds is a state law that applies to certain oral contracts. Generally speaking, a statute of frauds requires that certain contracts be in writing and signed by the parties. This lesson explains what these statutes are, what these statutes require and why we have these statutes.
11. Extent of Ownership and Real Property: Air, Surface & Subsurface
When you buy real property, you gain several different kinds of rights. You'll likely own a bundle of rights that includes more than just the surface area of the land. This lesson explains air, surface, and subsurface rights.
12. What is Voluntary Property Transfer? - Defining Title by Deed
A conveyance happens when a property owner transfers property to a new owner. This is known as a voluntary property transfer, or title by deed. This lesson explains voluntary property transfers and title by deed.
13. Trademark Infringement: Laws and Penalties
Trademark infringement occurs when someone uses another's trademark without permission from that trademark's owner. There are various state and federal laws that protect trademarks. This lesson explains trademark infringement and the laws that cover trademark infringement.
14. Patent Infringements: Definition and Cases
Patent infringement is a complicated civil cause of action. There are many, various components to patent infringement. Generally, it's the use of a patented object without the patent owner's permission. This lesson explains patent infringement.
15. What is Copyright Infringement? - Understanding Copyright Law
Copyright is a type of intellectual property right that protects certain original works. Copyright laws work to provide authors with exclusive rights to their works. Any unauthorized use could amount to copyright infringement. This lesson explains copyright law and copyright infringement.
16. What Is Vicarious Liability? - Definition and Examples
Most times, a liability lawsuit is directed at the negligent party. Sometimes, a lawsuit can involve parties who are not directly involved in the dispute because of the relationship the outside party has with the defendant.
17. 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.
18. Governmental Regulation and Management
In the U.S., we have several different government agencies that help protect the rights and safety of our workers. This lesson explores and explains these agencies and how they relate to management.
19. Collective Bargaining: Definition and Labor Relations Legislation
The National Labor Relations Act established the National Labor Relations Board and required employers to use collective bargaining. This lesson explains these labor law concepts.
20. Function of Collective Bargaining
The function of collective bargaining is to negotiate work-related issues. Bargaining or negotiating takes place between the employer and the employees. The employees are represented by a collective bargaining unit.
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Other chapters within the FTCE Business Education 6-12 (051): Test Practice & Study Guide course
- FTCE Business: Information & Technological Systems
- FTCE Business: Business Communication
- FTCE Business: Accounting
- FTCE Business: Business Management: Functions
- FTCE Business: Business Management: Leadership
- FTCE Business: Business Management: Motivation
- FTCE Business: Business Management: Groups & Teams
- FTCE Business: Business Management: Human Resources
- FTCE Business: Business Management: Organizational Structure
- FTCE Business: Business Management: Finance
- FTCE Business: Business Management: Marketing
- FTCE Business: Business Management: Entrepreneurship & Starting a Business
- FTCE Business: Financial Management
- FTCE Business: Customer Service
- FTCE Business: International Business
- FTCE Business: Teaching Business: Foundations & Methods
- FTCE Business Education 6-12 Flashcards