California Business Practice- April 2014

Tuesday, August 9, 2016

Fall 2016 First Day Assignment


It's that time again!  Welcome to Business Law II!

Please find attached a copy of the syllabus for Business Law II- Fall 2016.  Please print out a copy of this syllabus and bring a paper copy to our first class meeting.

Please obtain the following class text in advance of the first class meeting.  You must have a text available at each class meeting.  No exceptions!
Dynamic Business Law, Kubasek, 3rd Edition, McGraw Hill, (2014)
ISBN:  978-0-07-802378-1


First Day Assignment- I will collect your word processed assignment at our first class meeting. 

1.  Please read and study Chapters 13-17 (this is a comprehensive review of common law contracts from Business Law I)

2.  Fully answer the learning objectives located at the beginning of Chapters 13-17, inclusive.

See you soon!  Rick Custin

Business Law II- ETLW 312 Fall 2016 Syllabus




University of San Diego
School of Business

                            

Business Law II
MW 1-2:20 P.M.
Fall 2016



Richard E. Custin, J.D., M.Ed., LL.M.     email:  rcustin@sandiego.edu
Coronado 216- Office Hours- 7-7:45 AM & 10:15-11 AM MWF and as arranged.
619 260-4854
Class Blog:  http://custinusdblaw2.blogspot.com/

Course Description:


“Continued study of the legal environment of business, including such topics as creation, operation, and termination of partnerships and corporations, sale of goods, and negotiable instruments. Case study.”  Prerequisite: ETLW 311.

Course Objectives:

Students who complete this course will be able to:

  1. To understand, appreciate and apply ethical principles as they relate to business professionals
  2. To develop a plan for personal and business litigation avoidance
  3. To distinguish between common law and Uniform Commercial Code (UCC) contracts
  4. To understand and apply UCC Article 2 to the creation and interpretation of sales contracts
  5. To appreciate the significance of negotiable instruments including negotiability and transferability
  6. To understand UCC Article 3 as applied to checks and electronic fund transfers
  7. To develop a working knowledge of UCC Article 9 as applied to secured transactions
  8. To understand the significance of the law involving agency formation and duties
  9. To distinguish between various forms of business organizations
  10. To prepare for the legal and ethical topics generally found on the CPA examination
  11. To understand, appreciate and apply ethical principles as they relate to business professionals





Key topics to be covered this semester are:

      Common law and UCC law as applied to contracts

      Third-party contracts, discharge & remedies

      Sales and lease contacts under UCC Article 2 and 2A

      Title, risk of loss and insurable interest

      Law as applied to banking, checks and electronic transactions

      Secured Transactions as governed by UCC Article 9

      Negotiable Interests – UCC Article 3

      Partnerships and corporations

      Alternative dispute resolution; mediation, arbitration and peacemaking

      Liability and ethical obligations of professionals

           

         
      



Course Materials:
Dynamic Business Law, Kubasek, 3rd Edition, McGraw Hill, (2014)
Custom, electronic or previous editions are not adequate.  You must bring the class text to our first class meeting and all scheduled classes.  Please do not share texts in class.










Course Requirements and Student Evaluation: 


Attendance:

Absences from class meetings may adversely affect your course grade.  It is not possible to “make-up” projects or assignments completed in class.



Course Information:

The lectures, discussions, assignments, personal interaction and all educational activity are information and not legal advice.  If you need legal, tax or other professional advice, consult a licensed attorney or other professional.  The instructor is not providing legal or other representation to any student.  No attorney client privilege is expressly intended or implied.
You must be prepared to discuss the material assigned and the cases contained within. In the event you are unprepared for any class question or case discussion your overall cumulative grade points may be reduced five points for each instance you are unprepared. We need your active participation!  Please do not use phones or other electronic devices during class.  You must have a text available in each class meeting.
Please provide me with a valid e-mail address. I may contact you via e-mail with information concerning class cancellations, assignments, due dates and supplemental reading. An e-mail message created and sent to you creates a presumption that the e-mail was received and read by you. Therefore, check your e-mail regularly!
No make-up examinations will be given absent extraordinary reasons. (ie: major earthquakes-8.0+, tornados, floods- like the “Ark”, impending end of world, and disasters of monstrous proportion) No assignments will be accepted after the announced due date.
Please do not request a specific grade or advise the instructor that you need a grade to maintain a scholarship or for some other reason.  Requesting a grade or attempting to influence the instructor concerning grading constitutes professional misconduct.   I do not change grades unless I have made a calculation error. I do not discuss grades in emails.
I will not respond to email messages that are unprofessional, lack an appropriate salutation or have multiple grammar errors. It is not acceptable in business correspondence to communicate like you are messaging your “best bud”. Let's get it right to save embarrassing and costly mistakes in the future. Should you not receive a response from me to your email, please check your message for professionalism and correct grammar.
The unauthorized use of cellphones, computers or other electronic devices during an examination may result in your failure on the examination and/or in the course.   No material is allowed during tests or the final examination.
I retain copies of tests, exams & assignments for sixty days following the end of the semester.
I generally do not entertain questions within 24 hours of any test including the final examination. 
The final exam time is set by the USD Registrar and is available on my.sandiego.edu.
Professionalism requires that you act at all times with skill, good judgment and respect for others.  Respect is not earned but is freely given.



Grading:

Scale:  A+ 100-97, A 96-92, A-91-90, B+89, B 88-82, B-80-81, C+ 79, C 78-72, C-71-70, D+ 69, D 68-62, D- 61-60, less than 60=F

* Earning the grade of “A” also requires that you act at professional all times, actively participate in class and complete all written assignments.

4 tests = 30%

Final Examination= 40%
Essay and/or multiple choice
Comprehensive

Written Assignments= 15%

Professionalism & Class Participation= 15%




Statement on Academic Integrity: 

“All members of the University community share the responsibility for maintaining an environment of academic integrity since academic dishonesty is a threat to the University. Acts of academic dishonesty include: a) unauthorized assistance on an examination; b) falsification or invention of data; c) unauthorized collaboration on an academic exercise; d) plagiarism; e) misappropriation of resource materials; f) any unauthorized access of an instructor's files or computer account; or g) any other serious violation of academic integrity as established by the instructor.”



School of Business Mission Statement:

“We develop socially responsible business leaders with a global outlook through academically rigorous, relevant and values-based education and research.”



Tentative Schedule- Subject to Change

Class
Topics
Assignments/Deliverables
Week 1



Introduction to Common Law and UCC Contracts
Chapters 13-18 (review only)
This material must be read and studied prior to the first day of class
Week 2



Third-Party Rights to Contracts

Discharge & Remedies
Chapter 19 & 20


Test #1
Week 3



Introduction To Sales and Lease Contracts

Chapters 21-22



Week 4

UCC Obligations and Performance

Products Liability Warranties & Torts
Chapters 23-25

 

 

Test # 2

Week 5
Negotiable Instruments
Chapters 26

Weeks 6
Transfers of Negotiable Instruments
Chapter 27

Week 7
Liability, Defenses and Discharge
Chapter 28
Week 8
Checks and Electronic Transfers
Chapter 29

Test # 3

Week 9
Secured Transactions – The Debtor-Creditor Relations
Chapter 30
Week 10
Secured Transactions in Personal Property / Bankruptcy
Chapter 31-32

Week 11
Agency Formation & Duties
Chapters 33-34

Test # 4

Week 12
Forms of Business Organizations
Chapters 35
Week 13
Corporations: Formation & Financing

Chapter 38-39

Week 14
Liability and Ethical Obligations of Professionals
Chapter 11

 

Comprehensive Final Examination



Tuesday, February 16, 2016

Model Answers to Essay Questions on Test # 1


36. Basic Carpet contracts to install stain-resistant carpet in Alice's house for $6,000. Basic Carpet then assigns the right to receive payment from Alice to Home Finance Company. When payment comes due, Alice refuses to pay more than $2,000, asserting that the installed carpet was not stain-resistant. Home Finance asserts that Alice must pay $6,000, since Home Finance was not responsible for installing the carpet. Alice decides to sue Basic Carpet. Discuss the case.

The assignee "steps into the shoes" of the assignor, which means that all defenses the obligor may have against the assignor's claims may be asserted against the assignee. Hence, Alice may assert her defenses against Home Finance. Also, Basic Carpet's claims against Alice now belong to Home Finance Company.


37. An underground water main burst in Manhattan and flooded the building where the Acme electric company has an electricity supply substation. A fire resulted and disrupted electric power for four days. This occurred during the biannual "Buyers Week" when merchandisers from around the world were in town to visit fashion showrooms and place orders for future seasons. Some 200 merchandisers brought suit against Acme. Some of the businesses had no direct contractual relationship with Acme. They argued that their lease agreements with their landlords, who were the direct contracting entities
with Acme, obligated them to pay a share of the electricity expenses and therefore they could sue under the contracts between the landlords and Acme. Are they correct?

The plaintiffs cannot seek recovery as third-party beneficiaries of the contract. Acme did not expressly undertake to supply electricity to them. They were incidental beneficiaries of their landlords' contracts and thus do not have a claim.


38. Dash's auto insurance policy requires that he file a written notice of claim with the insurance company within ten days of any damage in an auto accident or the insurance company may refuse to pay the damage claim. Dash has several accidents and always simply orally reports the damage to the insurance agent and the insurance company pays the claim; however, on this occasion after his failure to file a written notice of the claim the company refuses to pay the claim. They cite the express language of the insurance policy. Is the insurance company correct? Discuss.


The written reporting requirement is a condition subsequent and failure to meet it terminates the obligation of the insurance company; however, the repeated accepting of an oral report without objection creates a waiver of the written requirement, hence the company cannot now object and deny payment.

Monday, January 18, 2016

Information on Required Text

You are not required to purchase an access code for online accress to the publisher's website.  Thank you!

Thursday, January 14, 2016

First Day Assignment- Spring 2016

It's that time again!  Welcome to Business Law II!

Please obtain the following class text in advance of the first class meeting.  You must have a text available at each class meeting.  No exceptions!


Dynamic Business Law, Kubasek, 3rd Edition, McGraw Hill, (2014)
ISBN:  978-0-07-802378-1


First Day Assignment- I will collect your word processed assignment at our first class meeting. 

1.  Please read and study Chapters 13-17 (this is a comprehensive review of common law contracts from Business Law I)

2.  Fully answer the learning objectives located at the beginning of Chapters 13-17, inclusive.

See you soon!  Rick Custin

Wednesday, April 2, 2014

Jacqueline Rush

On Sunday March 30, 2014 we lost a young woman with exceptional promise to cancer.  Jacqueline was a student, friend and daughter.  She will be missed by all who had the privilege of knowing her.  It was a blessing to have her with us. Her smile, kindness and courage will endure forever.

Thursday, January 9, 2014

Business Law II Syllabus Spring 2014


University of San Diego
School of Business Administration

ETLW 312

Business Law II
6-8:50 P.M. Tuesdays
Spring 2014




Richard E. Custin, J.D., M.Ed., LL.M.                                                 email:  rcustin@sandiego.edu
Coronado 216                      Office Hours- 7-7:45 A.M. MWF & 1:30-3 P.M. MW & as arranged.
619 260-4854
Class Blog:  http://custinusdblaw2.blogspot.com/

Course Description:


“Continued study of the legal environment of business, including such topics as creation, operation, and termination of partnerships and corporations, sale of goods, and negotiable instruments. Case study.”  Prerequisite: ETLW 311.

Course Objectives:

Students who complete this course will be able to:

  1. To develop a plan for personal and business litigation avoidance
  2. To distinguish between common law and Uniform Commercial Code (UCC) contracts
  3. To understand and apply UCC Article 2 to the creation and interpretation of sales contracts
  4. To appreciate the significance of negotiable instruments including negotiability and transferability
  5. To understand UCC Article 3 as applied to checks and electronic fund transfers
  6. To develop a working knowledge of UCC Article 9 as applied to secured transactions
  7. To understand the significance of the law involving agency formation and duties
  8. To distinguish between various forms of business organizations
  9. To prepare for the legal and ethical topics generally found on the CPA examination
  10. To understand, appreciate and apply ethical principles as they relate to business professionals





Key topics to be covered this semester are:

      Common law and UCC law as applied to contracts

      Third-party contracts, discharge & remedies

      Sales and lease contacts under UCC Article 2 & 2A

      Title, risk of loss and insurable interest

      Law as applied to banking, checks and electronic transactions

      Secured Transactions as governed by UCC Article 9

      Negotiable Interests – UCC Article 3

      Partnerships and corporations

      Liability and ethical obligations of professionals

         
      



Course Materials:
Dynamic Business Law, Kubasek, 2nd Edition, McGraw Hill, (2012)



Course Requirements and Student Evaluation: 


Attendance:

Absences from class meetings may adversely affect your course grade.  It is not possible to “make-up” projects or assignments completed in class.



Caveat:

DISCLAIMER: The lectures, discussions, assignments, personal interaction and all educational activity are information and not legal advice.  If you need legal, tax or other professional advice, consult a licensed attorney or other professional.  The instructor is not providing legal or other representation to any student.  No attorney client privilege is expressly intended or implied.

Average work in this course will result in a “C’ grade. You must be prepared to discuss the material assigned and the cases contained within. In the event you are unprepared for any class question or case discussion your overall cumulative grade points may be reduced five points for each instance you are unprepared. We need your active participation!  Please do not use phones, text or email during class.  You may use your computer assuming this use is exclusively for taking class notes or using the electronic version of the text.  You must have a text available in each class meeting.
Please provide me with a valid e-mail address. I may contact you via e-mail with information concerning class cancellations, assignments, due dates and supplemental reading. An e-mail message created and sent to you creates a presumption that the e-mail was received and read by you. Therefore, check your e-mail regularly!
No make-up examinations will be given absent extraordinary reasons. (ie: major earthquakes-8.0+, tornados, floods- like the “Ark”, impending end of world, and disasters of monstrous proportion) No assignments will be accepted after the announced due date.
Please do not request a specific grade or advise the instructor that you need a grade to maintain a scholarship or for some other reason.  Requesting a grade or attempting to influence the instructor concerning grading constitutes professional misconduct.   I do not change grades unless I have made a calculation error.
The unauthorized use of cellphones, computers or other electronic devices during an examination may result in your failure on the examination and/or in the course.   No material is allowed during tests or the final examination.
I retain copies of tests, exams & assignments for sixty days following the end of the semester.
I generally do not entertain questions within 24 hours of any test including the final examination.  The final exam time is set by the USD Registrar and is available on my.sandiego.edu.
Professionalism requires that you act at all times with skill, good judgment and respect for others.



Grading:

Scale:  A+ 100-97, A 96-92, A-91-90, B+89, B 88-82, B-80-81, C+ 79, C 78-72, C-71-70, D+ 69, D 68-62, D- 61-60, less than 60=F

4 tests = 30%
multiple choice

Final Examination= 40%
Essay and/or multiple choice
Comprehensive

Written Assignments= 15%

Professionalism & Class Participation= 15%



Statement on Academic Integrity: 

“All members of the University community share the responsibility for maintaining an environment of academic integrity since academic dishonesty is a threat to the University. Acts of academic dishonesty include: a) unauthorized assistance on an examination; b) falsification or invention of data; c) unauthorized collaboration on an academic exercise; d) plagiarism; e) misappropriation of resource materials; f) any unauthorized access of an instructor's files or computer account; or g) any other serious violation of academic integrity as established by the instructor.”

School of Business Administration Mission Statement:

“We develop socially responsible business leaders with a global outlook through academically rigorous, relevant and values-based education and research.”


Tentative Schedule- Subject to Change

Class
Topics
Assignments/Deliverables
Week 1



Introduction to Common Law and UCC Contracts
Chapters 13-18 (review only)

Week 2



Third-Party Rights to Contracts

Discharge & Remedies
Chapter 19 & 20


Test #1
Week 3



Introduction To Sales and Lease Contracts

Chapters 21-22



Week 4

UCC Obligations and Performance

Products Liability Warranties & Torts
Chapters 23-25

 

 

Test # 2

Week 5
Negotiable Instruments
Chapters 26

Weeks 6
Transfers of Negotiable Instruments
Chapter 27

Week 7
Liability, Defenses and Discharge
Chapter 28
Week 8
Checks and Electronic Transfers
Chapter 29

Test # 3

Week 9
Secured Transactions – The Debtor-Creditor Relations
Chapter 30
Week 10
Secured Transactions in Personal Property / Bankruptcy
Chapter 31-32

Week 11
Agency Formation & Duties
Chapters 33-34

Test # 4

Week 12
Forms of Business Organizations
Chapters 35
Week 13
Corporations: Formation & Financing

Chapter 38-39

Week 14
Liability and Ethical Obligations of Professionals
Chapter 11

 

Comprehensive Final Examination