15 ABC123: COURSE TITLE GOES HERE COURSE GUIDE Assignment 1.Legal Underpinnings of Business Law. Due by Day 7. Imagine that you own each of the following businesses: Tinker’s Home Security Service (sole proprietorship)Tinker & Tailor’s Home Security Service (general partnership)Tinker & Tailor’s Home Security Service (LP) Tinker & Tailor’s Home Security Service, Inc. (corporation)Tinker & Tailor’s Home Security Service, LLC (LLC)1.The businesses are being sued for breach of contract. Create a matrix that lists each business, and compare and contrast your personal liability exposure as an owner as a result of the lawsuit. 2.For each business entity, analyze how you might limit your liability exposure as an owner. 3.Describe a business that you may own some day or that you currently own. (Even if you never plan to own a business, pretend as if you will do so for the purposes of this assignment.) Examine the best business organizational form for the business that you have described, including in your examination personal liability exposure, management, taxation, and ease of formation. Submit a four- to five-page paper (not including title and reference pages). Your paper must be formatted according to APA style as outlined in the approved APA style guide and you must cite at least three scholarly sources in addition to the textbook.
16 ABC123: COURSE TITLE GOES HERE COURSE GUIDE WEEK TWO COURSE CONTENT/WEEK TITLE To be completed during the second week of class. Overview Activity Due Date Format Grading Percent Crimes That Harm Business Versus Crimes Committed by Business Day 3 (1stpost) Discussion 3 Product Liability Day 3 (1stpost) Discussion 3 Negligent Tort Day 7 Assignment 10 Weekly Learning Outcomes This week students will 1.
Examine the elements of negligence and tort liability. 2.Compare appropriate punishment for corporations that commit crimes with appropriate punishment for persons who commit crimes that harm businesses. 3.Apply consumer protection law to a business situation. Introduction This week focuses on study of torts, criminal law, and consumer protection law (specifically, product liability). These are each different, substantive areas of law that are relevant to business and business persons. Students will distinguish between criminal law and torts, including negligence and intentional torts. Students will also compare the differences between corporations that commit crimes and persons who commit crimes that harm businesses, and they will take a position regarding which presents the greatest threat to civil society, using current events to support their positions. In addition, students will consider product liability arising from poorly regulated imports, and the impact
17 ABC123: COURSE TITLE GOES HERE COURSE GUIDE of potential liability on U.S. companies. Students will also consider product recalls as a preemptory measure to mitigation liability. Students will identify and discuss the elements of negligence and a consumer protection statute.