1. Understand the structure and jurisdiction of the federal and state court systems; the key sections of the U.S. Constitution that impact business; the concepts of federalism and separation of powers; the role and functions of administrative agencies.
2. Explain the most important ethical theories and apply them to business situations to understand the relationship between law and ethics, and to discuss the social responsibility of corporations in society.
3. Recognize some of the most important legal issues which affect and impact international business, appreciate cultural and national differences, and understand the structure and role of key organizations involved in international business.
4. Describe and apply important legal principles concerning contracts, torts, product liability, securities law, corporations and other business entities, real and personal property, intellectual property, cyber-law, environmental law and regulation, employment law and employment discrimination, rights of debtors and creditors, and legal rules relating to marketing and advertising.
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