Business Law II: Grades 10, 11, 12

Credit, Bankruptcy, and Commercial Paper

Employment and Agency Law

Legal Forms of Business Organization

Property Law and Insurance

Define terminology

Examine the use of credit and the laws surrounding the debtor/creditor relationship

Examine bankruptcy relief

Explain types of commercial paper and the essential elements of negotiability

Define terminology

Examine the nature of the employer/employee relationship

Discuss the role of unions in the workforce

Analyze the principal agent relationship in conducting business

Define terminology

Examine the characteristics of sole proprietorships and partnerships

Examine the characteristics of a corporation

Define terminology

Explain the rules of law that apply to personal property and bailments

Explain the rules of law that apply to real property

Discuss the landlord/tenant relationship

Explain the concept of risk and insurance

Prepare a list of terms with definitions

Identify the benefits and detriments of using credit

Explain how the factors of character, capacity, and capital affect the credit rating of an individual

Identify the various laws protecting debtors

Identify the various laws protecting creditors

Recognize names of the three major credit reporting businesses: Equifax, Experian, and TransUnion

Distinguish between a secured debt and unsecured debt

State the two methods by which a security interest may be perfected

Distinguish between an artisan's lien and a mechanic's lien

Identify the purposes of bankruptcy and who may file for it

Examine the procedures for various types of bankruptcy

List debts that cannot be discharged and assets exempt from seizure in satisfying creditor's claims

Describe the basic types of commercial paper and their uses

Describe how and when to use the various forms of commercial paper

Identify the requirements of negotiability

Identify the parties to a check and promissory note

Identify and use the various endorsements to achieve a chosen purpose

Prepare a list of terms with definitions

List contractual duties imposed by law on an employee in the employment relationship

List the basic duties imposed by law on the employer in the employment relationship

Identify federal laws that regulate employment conditions and employment opportunities

Describe different classifications of employment discrimination

Identify duties of the employer to injured employees

Identify duties of the employer to the employee in the event of unemployment

Describe the differences between an employer and independent contractor

Explain how unions are established under the National Labor Relations Act

Explain the affect of right-to-work statutes

Define unfair labor practices by management or unions

Identify the purpose for which an agency is created

Discuss rights and responsibilities of all parties in an agency

Discuss the different ways in which an agency may be created

Identify the classifications of agents based on scope of authority

Distinguish between a general power of attorney and a limited power of attorney

Prepare a list of terms with definitions

Discuss the creation and distinguishing features of proprietorships and partnerships

Compare and contrast the advantages and disadvantages of proprietorships and partnerships

Categorize various types of partnerships by extent of liability, and according to management authority

Examine the various provisions found in an example of a typical partnership agreement

Discuss the incorporation process

Identify the different types and classifications of corporations (domestic, foreign, alien, public, private, publicly held, closely held nonprofit)

List the advantages and disadvantages of a corporation

Compare the types of stock that may be issued by a corporation

Describe the duties and functions of the board of directors and officers of a corporation

Identify the rights of shareholders

Identify the various methods of corporate expansion, and discuss negative aspects associated with each

Identify statutes and agencies that regulate corporations

Explain how the business judgment rule, the insider trading rule, and the corporate opportunity doctrine impose legal obligations of "good faith" upon officers and directors for their business conduct

Prepare a list of terms with definitions

Discuss tangible and intangible personal property, how property may be acquired, and the rights associated with ownership

Discuss the ownership of intellectual property by patent, copyright, and trademark registration

Describe a bailment, the various classifications of bailments, the purposes for which they may be created, and the various degrees of a bailee's liability for care of the bailed property

Distinguish between common, contract, and private carriers

List the various forms of co-ownership of property and the distinguishing characteristics of each

List the rights associated with the ownership of real property

Discuss the various ways by which real property may be acquired

Explain the difference in conveyance by warranty deed as opposed to quit claim deed

Explain the proper procedure for the transfer of title to real property

Describe and distinguish other's rights through licenses and easements

Explore the limitations of property use by restrictive covenants and zoning laws

Describe types of tenancies that may be created by leases (periodic tenancy, tenancy for years, tenancy at sufferance, tenancy at will)

Summarize the rights and duties of landlords and tenants

Explain the need for insurance

Discuss the contrast the different types of insurance

Discuss common policy provisions and considerations