GB 774 - Business Law: Commercial Transactions

(3.00 cr.)

Prerequisite: All foundation courses. Considers the legal environment of business, including the principal characteristics of the American legal system, the concepts and principles used to determine individual and corporate accountability, and the regulatory system within which businesses operate. Treats aspects of the commercial transaction including contract law, the commercial code (UCC: sale of goods, negotiable instruments, secured transactions, bank collections and deposits), surety, and bankruptcy law. Recommended for students who wish to sit for the CPA exam and should be taken in lieu of GB 612 .