LFU:online

Offered each semester. Prerequisite: BA 3010 (The Legal Environment of Business). Legal concepts relating to sales, commercial paper, anti-trust, bankruptcy, forms of business organizations, insurance, real property, secured transactions, suretyship, wills, estates, and trusts are presented as issues relating to specific business situations. Problems relating to financial reporting responsibilities and the growing role of federal securities regulation on the business community are also discussed. 

This course presents material on the structure of business organizations, including mergers and consolidations, and the use of agents in business. Additionally, we will analyze the basic legal element of almost every business transaction, the contract. The course focuses on forming and performing contracts, as well as possible remedies for breach of a contract. The course concludes with a variety of special topics including property law, landlord-tenant law, insurance law, estate law, and professional liability law.

At the end of this course, students should be able to: Identify and analyze the basic legal and ethical issues affecting business decisions, understand the basic business entities available in the United States, understand basic legal issues that arise in common law and UCC contracts Understand the use of negotiable instruments in business, understand the legal issues surrounding creditor and debtor rights including security interests and bankruptcy, understand the basic issues surrounding property law and insurance, understand the basic legal issues associated with professional malpractice.

The University of New Orleans International Summer School program has a mandatory class attendance policy. All students are required to attend class for all morning classes and any required afternoon and/or weekend fields trips and lectures. No unexcused absences are allowed. However, LFU students who have to miss a UNO class due to LFU examinations in the first two weeks of our program, can receive one excused absence for this. Any further unexcused absences will result in an academic penalty. Each faculty member determines the penalty for missed classes. Most professors deduct a letter grade for each additional missed class day. For details, please refer to your course syllabi, which will be distributed on the first day of class. The listed ECTS credits are a recommendation by the University of New Orleans Innsbruck Summer School, based on contact hours, anticipated out-of-classroom requirements such as field trips, and projected workload for readings, assignments, and exam preparation. Mail: Center-New-Orleans@uibk.ac.at