Business Law 304

BLAW 304: Business Law I

Prerequisites: BLAW 203.

Credit Hours: (3)

The course is an in-depth study of the Uniform Commercial Code, Articles 2, 2a, 3, 4, 6, 7 and 9, bankruptcy, the CISG and other business law topics frequently addressed on the CPA examination.


Detailed Description of Content of Course

Sales and Leases

a. Review of Contract Law
b. Nature of Sales Contracts and Leasing Contracts
c. Title, Risk of Loss, Insurable Interest
d. Performance and Duties
e. Warranties and Product Liability
f. Breach and Remedies
g. International Sales of Goods


a. Definitions and formality
b. Negotiability
c. Transferability and Negotiation
d. Holders in Due Course
e. Liability of Parties
f. Defenses to Liability and Discharge
g. Checks, Banks and Bank Customers

Secured Transactions

a. Introduction to Security Devices
b. Security interest and agreement
c. Attachment and Perfection
d. Liens and Priorities
e. Rights of Secured Party vis-a-vis other creditors of debtor
f. Rights of Secured Party vis-a-vis the debtor
g. Suretyship

Bankruptcy - General Review


Detailed Description of Conduct of Course

Primarily a lecture/discussion course, with classroom participation and presentations expected of the students. Instruction is augmented by outside readings and case applications at the discretion of the instructor.


Goals and Objectives of the Course

Having successfully completed the course, the student will be able to:

·         Differentiate between the Law of Sales and common law contracts

·         identify negotiables and their primary uses

·         identify the various types of secured transactions used in business

·         apply the Law of Sales to daily transactions

·         understand the implications of using negotiables, especially checks

·         understand the basic premises of federal bankruptcy law


Assessment Measures

Graded assignments may include in-class tests, a final examination, pop quizzes, the assignment and presentation of problem exercises, papers, and class preparation and participation.


Other Course Information



Review and Approval

September 2001 Reviewed Dr. Dan Davidson, Chair