LEX 151 Commercial Law II

Lecture: 3 Lab: 0 Clinic: 0 Credits: 3

This course is a continuation of LEX 150 and covers advanced topics in Business and Commercial Law. Topics include agency and employment, insurance, computer law, intellectual property, personal property and bailment, corporate organizations and bankruptcy. Upon completion, students will understand and be able to apply legal principles governing these topics and be able to draft a variety of financial instruments.

Pre-requisite(s): LEX 150
Course is typically offered in Spring and Summer (when offered).
Student Learning Outcomes (SLOs)
At the completion of the course, the students should be able to do the following:

Assess the different role an owner plays in a sole proprietorship, partnership, limited liability company and corporation by using various fact patterns.
Compose common documents used in insurance when given a hypothetical fact pattern.
Outline the structure of common corporate organizations in a class assignment.
Illustrate the role of intellectual property in the business environment by completing role play scenarios.
Break down the various bankruptcy options related to businesses in video role play exercise.
Compose common documents used by businesses when given a hypothetical fact pattern.