| Legal aspects of business I | Taxation of business organizations and their owners |
| Legal aspects of business II | Real estate transactions |
| Tax factors in business decisions |
| Instructors for the courses in Business Law and Taxation | ||||
|---|---|---|---|---|
| R. Cummins | D. Hitscherich | K. Holtzschue | ||
| D. Kemsley | D. Robbins | |||
(term offered: fall)In addition to providing a general introduction to law and court procedure, the course concentrates on the basic legal concepts and problems likely to be encountered in business activities, with primary emphasis on the law of torts (as it applies to business in general and product liability in particular), contracts and sales and a limited treatment of property. The approach is conceptual and case-oriented.
(term offered: spring)
B6150 is not prerequisite to B6151.Federal government regulation of business, with primary emphasis on antitrust law and securities regulation. Business organizations (partnerships and corporations) and the legal responsibilities of partners, directors, officers and other agents are also covered pursuant to common law, state and federal regulation.
(terms offered: fall, spring)The relationship between taxation and the formulation of business decisions and financial policies, with emphasis on problems resulting from the imposition of federal income taxes on business. Gross income, deductions and tax accounting problems are the key areas covered. Limited attention is given to the effect of federal income taxation of the individual. Particular reference is made to the Tax Reform Act of 1986. The approach is broadly gauged, problem-oriented and conceptual.