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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 examines various areas of business law in order to introduce the students to basic concepts, legal principles and terminology related thereto. The course includes the presentation of factual situations that might arise in the everyday business environment in order to help the student develop his/her ability to identify legal issues inherent in those factual situations and assess the merits of any potential legal disputes that he/she may face. The subjects considered in this course include commercial paper, secured transactions, federal securities laws and regulations, financial reporting, ethical and legal responsibilities of accountants, principal-agency law, and other law-related topics that may be covered on the standard CPA exam.

This course is designed to be a review of topics commonly appearing on the law portion of the standard CPA examination. In Innsbruck, I will enhance the information and course materials to touch upon international and comparative law, comparing U.S. law relating to some of the topics above with the laws of European Union nations. I will also invite local business persons and/or lawyers to be guest speakers.

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