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Ch 24: Practical Applications in Business Law

About This Chapter

This handy and helpful corporate training chapter addresses the practical applications in business law. Use it with flexibility to teach new employees, lead refresher training for your teams or run a workshop or meeting on important topics in business law.

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.

Skills Covered

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

8 Lessons in Chapter 24: Practical Applications in Business Law
Practical Application: Types of Law Infographic

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.

Practical Application: Understanding Intellectual Property Law

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.

Practical Application: Identifying Types of Contracts

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.

Practical Application: Understanding the Contracts Clause

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.

Practical Application: Understanding Contract Enforcement

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.

Practical Application: Methods of Discharging Contracts

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.

Practical Application: Understanding Debt Collection & Repossession Rights

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.

Practical Application: Buyer & Seller Remedies Under the Uniform Commercial Code

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.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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