MGT 251 - Legal Environment of Business

3 cr.

The nature, sources, formation, and applications of law. Judicial function, court system, litigation and other methods of resolving disputes. Legislation-law from judicial decisions, law by administrative agencies, regulation of business activity, antitrust law, consumer protection, environment, and pollution control. Tort, criminal and insurance law, property rights for both personal and real property. Business organization, principle of agency, partnership and corporation.