About This Chapter
MTTC: Business Law - Chapter Summary
With the lessons in this chapter, you can prepare for questions on the Michigan Test for Teacher Certification (MTTC): Business, Management, Marketing and Technology exam on business law. These short, engaging lesson videos are taught by professional instructors who explain the structures of the court systems, laws that outline the rights and responsibilities of business, and laws that govern trade on a domestic and international level. After these lesson videos, you should have a better understanding of:
- Structure and levels of the federal and state court systems
- Differences between substantive law and procedural law
- Types of contract laws
- Laws intended to protect consumers
- Employment discrimination and worker's compensation laws
- Differences between real property and personal property
- Creditors' rights
- Secured transactions
- International and U.S. trade policy and laws
Enjoy the versatility of these mobile-device-compatible videos, or for an alternative review, read over the written transcripts. Following these lessons, test your understanding of the information by taking the lesson quizzes. Use the results from these quizzes to discover topics you don't understand, then use the provided links to return to the areas of the lesson videos that discussed these topics.
MTTC: Business Law - Chapter Objectives
The MTTC: Business, Management, Marketing and Technology exam is part of the Michigan process of teacher licensure for these subject areas. It is composed of 100 multiple-choice questions. One quarter of the test questions fall within the Business content domain. Use this chapter to prepare for questions about business law that could appear in this domain.
1. 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.
2. 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.
3. Substantive Law vs. Procedural Law: Definitions and Differences
Substantive law and procedural law work together to ensure that in a criminal or civil case, the appropriate laws are applied and the proper procedures are followed to bring a case to trial. In this lesson, we'll discuss the differences between the two and how they relate to the legal system as a whole.
4. 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.
5. What Is Consumer Protection? - Product Liability, Laws & Rights
Consumer protection refers to the laws and other forms of government regulation designed to protect consumers. One form of consumer protection is product liability. This lesson explains consumer protection and product liability.
6. What is Employment Law? - An Introduction to Employment Law
Employment law is a broad area of the law. In general, this area governs the employer-employee relationship, but includes many subjects. This lesson will define and explain employment law.
7. Employment Discrimination: Definition and Laws
Employment discrimination occurs when a job applicant or employee is mistreated based on his or her race, national origin, gender, disability, religion, or age. This lesson defines employment discrimination and looks at Title VII of the Civil Rights Act of 1964.
8. What Is Workers' Compensation? - Laws and Purpose
Workers' compensation laws require insurance protection for people who are injured or become ill due to job requirements. These laws are designed to provide these disabled employees with fixed monetary awards and avoid litigation. This lesson explains workers' compensation.
9. Real Property and Personal Property: Definition and Differences
Much of business law deals with property. There are actually two different types of property: personal property and real property. This lesson explains the differences between these two types of property.
10. Creditors' Rights and Business Law
Business law is a broad area of law that covers many different topics. One important topic concerns creditors' rights. This lesson generally explains the role of creditors and creditors' rights in terms of business law.
11. Creditor Rights in Bankruptcy
Bankruptcy is governed by federal law and allows a debtor the legal right to reorganize, and sometimes discharge, his or her debts. This lesson explains the three main types of bankruptcy proceedings.
12. 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.
13. Treaties Under Article II of the U.S. Constitution
Treaties are an important part of international law. A treaty is a legally binding agreement made between two or more government entities. This lesson explains the difference between bilateral and multilateral treaties.
14. U.S. Trade Policy & Law
American industries depend upon the government for protection against imports and to promote domestic exports. In this lesson, you will be exposed to an overview of U.S. trade policy and law.
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Other chapters within the MTTC Business, Management, Marketing & Technology (098): Practice & Study Guide course
- MTTC: Accounting
- MTTC: Account Types
- MTTC: Financial Statements
- MTTC: Financial Planning & Markets
- MTTC: Taxation & Liability
- MTTC: Business Math
- MTTC: Business Communication Strategies
- MTTC: Types of Business Communication
- MTTC: Regulation in Business
- MTTC: Business Ethics
- MTTC: Management & Leadership
- MTTC: Human Resource Management
- MTTC: Human Resource Processes
- MTTC: Labor Relations
- MTTC: Macroeconomics
- MTTC: Microeconomics
- MTTC: Personal Finance
- MTTC: Managing Debt & Risk
- MTTC: Marketing Strategy
- MTTC: Consumer Marketing
- MTTC: Marketing Channels & Distribution
- MTTC: Marketing Economics
- MTTC: Entrepreneurship
- MTTC: International Trade & Marketing
- MTTC: Information Technology in Business
- MTTC: Information Systems
- MTTC: Hardware & Software
- MTTC: Security & Privacy
- MTTC: Career Management
- MTTC Business, Management, Marketing & Technology Flashcards