pt. 1. Foundations of American law. The nature of law -- The resolution of private disputes -- Business and the Constitution -- Business ethics, corporate social responsibility, and the control and governance of corporations -- pt. 2. Crimes and torts. Crimes -- International torts -- Negligence and strict liability -- Intellectual property, competitive torts, and unfair competition -- pt. 3. Contracts. Introduction to contracts -- The agreement : offer -- The agreement : acceptance -- Consideration -- Reality of consent -- Capacity to contract -- Illegality -- Writing -- Rights of third parties -- Performance and remedies -- pt. 4. Sales. Formation and terms of sales contracts -- Product liability -- Performance of sales contracts -- Remedies for breach of sales contracts -- pt. 5. Property. Personal property and business -- Real property -- Landlord and tenant -- Estate and trusts -- pt. 6. Credit. Introduction to credit and secured transactions -- Security interests in personal property -- Bankruptcy -- pt. 7. Commercial paper. Negotiable instruments -- Negotiation and holder in due course -- Liability of parties -- Checks and documents of title.

pt. 8. Agency. The agency relationship -- Third-party relations of the principal and the agent -- pt. 9. Partnerships. Introduction to forms of business and formation of partnerships -- Operation of partnership and related forms -- Dissolution, winding up, and termination of partnerships -- Limited partnerships and limited liability companies -- pt. 10. Corporations. History and nature of corporations -- Organization and financial structure of corporations -- Management of corporations -- Shareholders' rights and liabilities -- Securities regulation -- Legal and professional responsibilities of accountants -- pt. 11. Regulation of business. Administrative agencies -- The Federal Trade Commission Act and consumer protection laws -- Antitrust : The Sherman Act -- The Clayton Act, the Robinson-Patman Act, and antitrust exemptions and immunities -- Employment law -- Environmental law -- pt. 12. Special topics. The legal environment for international business -- Insurance.