LEGAL STUDIES 576/776
Winter Quarter, 1998
Peter Shedd
 

Click on the following items for more information about LS 576/776:
 

 
  • Office Location and Hours
  • Course Objectives
  • Textbook
  • Participation
  • Access to Newsgroup
  • Grading Policy
  • Schedule of Classes
  • Presentation Slides
  •  



    OFFICE:

    212 Brooks Hall

    Office Hours: 10:00-11:30 am
    Mondays and Wednesdays
    or by appointment

    Telephone:  542-3804


    COURSE OBJECTIVES:

    This course is designed as the second Business Law course in your curriculum. LS 470 is considered the first course in this sequence. While we strongly recommend that you view LS 470 as a prerequisite to this course, students have succeeded in this course without having LS 470. Please let me know if you are interested in continuing in this course without having taken LS 470.

    The topics we cover in this course can be divided into three basic groups -- (1) Commercial Paper, (2) The Creditor/Debtor Relationship, and (3) Business Organizations. We will cover the material in this order.



     

    BOOK:

    We will use Modern Business Law by Dunfee, et al. Each chapter in this book consists of general text, court cases, and review questions. Your preparation, by reading the relevant general text and cases, prior to class will help you feel comfortable in participating in the classroom discussion. While we generally will not use class time to go over the review questions, your use of these problems should enhance your confidence that you are learning the material. Use of the newsgroup is encouraged regarding suggested answers to the review questions.



     

    PARTICIPATION:

    I anticipate that this class will involve productive and constructive dialogue among you, your classmates, and me. To enhance this interactive nature, a newsgroup has been established for our use. Through regular use of this newsgroup, we should be able to optimize the use of class time. I hope that group projects will be an important part of this class as well. Reports of the various groups can be distributed via the newsgroup as a means of sharing information with others. To access the newsgroup for our class, click here.



     
    GRADING:

    There will be four (4) exams in this course. Three will be given during the class period indicated below, and they will count for sixty-five percent (65%) of your course grade. The final exam will be comprehensive and will count thirty-five percent (35%) of your course grade. Exams #1 and #3 will consist of essay/short-answer questions. Part 1 of Exam #2 also will be of a similar format. Part 2 of Exam #2 and the Final Exam will be made up of multiple choice questions.
     
    CLASS RULES: (1) After they are graded, the essay/short-answers exams will be returned to you and you may keep these. Part 2 of Exam #2 must be turned in and cannot be removed from the room. If you fail to return this exam by the end of class, you will be subject to the disciplinary procedures of the University's Academic Affairs Office. (2) If you are absent when an exam is given, you may make up the exam only if you have notified me that you would be absent and you take the exam before the beginning of the next scheduled class meeting.


    SCHEDULE:

    We will meet from 12:10 until 2:05 on Monday and Wednesday afternooons and from 12:10 until 1:00 on Friday afternoons. We will meet in Sanford Hall, Room 212. We will make every attempt to cover the material on the following schedule:
     
     
    Wednesday, January 7  
    Introduction and Commercial Paper
    Chapters 26-31 
    Friday, January 9  
    Bank Deposits & Collections and Bank-Customer Relationship 
    Chapters 26-31
    Monday, January 12 
    Negotiable Instruments 
    Chapters 26-31
    Wednesday, January 14 
    Negotiation and Holders in due Course
    Chapters 26-31
    Friday, January 16 
    Defenses 
    Chapters 26-31
    Monday, January 19  
    No Class
    MLK, Jr. Holiday
    Wednesday, January 21 
     Liability of Parties to Commercial Paper 
    Chapters 26-31
    Friday, January 23 
    Electronic Funds Transfer 
    Chapters 26-31
    Monday, January 26 
    Exam # 1 - (20%) 
    Chapters 26-31
    Wednesday, January 28 
    Introduction to Secured Transactions Creation & Perfection of Security Interests 
    Chapter 32 
    Friday, January 30  
    Perfection (Con't) 
    Chapter 32
    Monday, February 2
    Priorities among Interest Holders 
    Chapter 32
    Wednesday, February 4 
    Rights and Duties on Debtor's Default 
    Chapter 32
    Friday, February 6 
    Exam # 2 (30%) -- Part 1
    Chapter 32
    Monday, February 9   
    Exam # 2 (30%) -- Part 2
    Chapters 26-32
    Wednesday, February 11 
    Other Debtor/Creditor Issues 
    Real Property as Security 
    Chapter 33 
    Friday, February 13  
    Suretyship 
    Chapter 33 
    Monday, February 16 
    Bankruptcy 
    Chapter 34 
    Wednesday, February 18  
    Exam #3  (15%) 
    Chapters 33-34
    Friday, February 20  
    No Class
     
    Monday, February 23 
    Introduction to Business Organizations 
    Chapter 37-45 
    Wednesday, February 25 
    Formation of Partnerships 
    Chapter 37-45 
    Friday, February 27 
    Operation of Partnerships 
    Chapter 37-45 
    Monday, March 2 
    Operation and Dissolution of Partnerships 
    Chapter 37-45 
    Wednesday, March 4 
    Dissolution of Partnerships 
    Chapter 37-45 
    Friday, March 6 
    Formation of Corporations 
    Chapter 37-45 
    Monday, March 9  
    Operation of Corporations 
    Chapter 37-45 
    Wednesday, March 11 
    Dissolution of Corporations 
    Chapter 37-45 
    Friday, March 13 
    Peer Review Interview 
    Monday, March 16 
    Review
     
    Friday, March 20 3:30-6:30 pm 
    Comprehensive Final Exam (35%)
    Chapters 26-34; 37-45 
     
     



     PRESENTATION SLIDES:

     

    For the slides that accompany the various topics covered in this course, click on the following:

    Commerical Paper

    Secured Transactions

    Creditor-Debtor Relationships

    Business Organizations


    Commercial Paper
     


    Secured Transactions


    Creditor-Debtor Relationship


    Business Organizations