About This Chapter
Practical Applications in Business Law - Chapter Summary
Our professional instructors go over topics in business law in this engaging corporate training chapter. As your team members study, they'll review contract enforcement, different types of law and various contracts. Any form of technology with an internet connection can be used to read these lessons and take the accompanying quizzes.
How It Helps
- Ensures compliance: You can feel more confident that your organization is complying with the appropriate laws when you assign this resource to your team members.
- Simplifies training: Feel free to use this mobile-friendly chapter with employees in different locations, on different schedules and at different knowledge levels.
- Offers knowledge: After completing this chapter, your teams should fully understand buyer and seller remedies under the uniform commercial code.
This chapter is a helpful way to ensure that your employees can do the following:
- Outline the different types of law
- Understand the contracts clause
- Detail contract enforcement
- Identify the methods of discharging contracts
- Discuss debt collection and repossession rights
- Explain buyer and seller remedies under the uniform commercial code
- Define intellectual property law
- Differentiate between types of contracts
1. Practical Application: Types of Law Infographic
Businesses are subject to numerous laws and regulations that govern nearly every aspect of their operations. It's important for an organization to understand the laws that pertain to their particular business.
2. Practical Application: Understanding Intellectual Property Law
Intellectual property is incredibly valuable, but not always tangible. Business professionals must be able to accurately identify intellectual property and articulate the characteristics of the laws that protect it.
3. Practical Application: Identifying Types of Contracts
In business and in personal life, several different types of contracts are commonly seen. Get the chance to practice identifying what kind of contract is being exhibited in several different scenarios.
4. Practical Application: Understanding the Contracts Clause
The United States Constitution's Obligation of Contracts Clause prevents state governments from interfering with personal contracts. However, there are exceptions. Practice recognizing its condition and relevance in these three scenarios.
5. Practical Application: Understanding Contract Enforcement
Contracts are the foundation of nearly all personal and professional relationships. This is because we want to know that the other party will act according to their word. Review contract conditions and apply your knowledge with some scenarios.
6. Practical Application: Methods of Discharging Contracts
Contracts are foundational because they require parties to act in a certain way and damages can be sought if the parties fail to live up to their obligations. Let's look at a few situations in which a contract can be discharged for lawful reasons.
7. Practical Application: Understanding Debt Collection & Repossession Rights
When a party fails to abide by a contract's terms via non-payment, a debtor has still rights that must be respected by creditors. These scenarios will allow you to apply your knowledge of creditor and debtor rights and responsibilities.
8. Practical Application: Buyer & Seller Remedies Under the Uniform Commercial Code
The Uniform Commercial Code is the foundation of contract law. In these two scenarios, you'll identify the identify all possible remedies available to a party who believes they have been wronged. You'll then make a recommendation about the best remedy to pursue.
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Other chapters within the Business Law: Skills Development & Training course
- History of American Law
- Sources of Law
- Constitutional Law
- American Legal Systems
- Legal Procedures
- Contract Law Basics
- Capacity in Contract Law
- Contract Law and Third Party Beneficiaries
- Contracts: Assignment and Delegation
- Contracts: Statute of Frauds
- Contracts: Scopes and Meanings
- Contracts: Breach of Contract
- Contracts: Discharge of Contracts
- The Legal Environment
- Securities and Antitrust Law
- Property Law
- Creditors' Rights
- Product Liability and Consumer Protection
- International Business Law
- Torts in Business Law
- The Role of Agency in Business Law
- Types of Business Organizations
- Sales & the Law