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Business Law Study Guide

In: Business and Management

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Week One Student Guide

This week introduces you to the fundamental principles of the legal system, the importance of our Constitution, and an analysis of the court system. The readings in this area cover the concepts that define law and the thoughts that help shape jurisprudence along with its history. The Federal Court, Supreme Court, and the jurisdiction of the courts are also covered. Constitutional law is covered from the perspective of business.

This week also provides an introduction to the various forms of business. Small businesses, entrepreneurs, and general partnerships are explored. You discuss how a corporation is formed and how it can be financed. Finally, you study limited liability companies and limited partnerships, as well as franchises and special forms of business.

This week further introduces you to the concept of alternative dispute resolution as a method for resolving disputes outside traditional litigation. After first looking at the litigation process, you are then introduced to arbitration, negotiation, mediation, conciliation, minitrial, fact-finding, and the use of a judicial referee.

The Legal System and the Legal Forms of Business

OBJECTIVE: Explain the major components of the legal system.

Resources: Ch. 1, 2, & 4 of Business Law: Legal Environment, Online Commerce, Business Ethics, and International Issues


• Ch. 1: Legal Heritage and the Information Age

o Introduction to Legal Heritage and the Information Age o What Is Law?

• Landmark U.S. Supreme Court Case Brown v. Board of Education

o Schools of Jurisprudential Thought

• International Law: Immigration to the United States of America

o History of American Law

• International Law: Adoption of English Common Law in America • International Law: The Civil Law System


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