10110173Contract Law in a Global Economy
Course Information
Description
Students explore the common law of contracts, contracts of sale under Article 2 of the UCC, and the legal issues that affect business transactions in the global market.
Total Credits
3
Course Competencies
  1. Analyze the elements of a common law contract
    Assessment Strategies
    Discussions, Tests, Quizzes
    Criteria
    Determine when the common law of contracts applies
    Outline the required elements of a contract
    Discuss when the element of consideration is lacking
    Define instances when contractual capacity may be missing
    Analyze contracts that may be illegal or against public policy
    Describe instances when the statute of frauds requires contracts to be in writing
    Outline common law remedies available for breach of contract
    Use legal terminology relevant to contract law

  2. Identify contracts that are governed by Article 2 of the Uniform Commercial Code
    Assessment Strategies
    Discussions, Tests, Quizzes
    Criteria
    Determine when the UCC rules apply to contracts
    Explain the rules applicable to contracts under Article 2 of the UCC
    Compare contract rules under the common law to rules under Article 2 of the UCC
    Explain how warranties apply to contracts under Article 2 of the UCC
    Explain the remedies for breach of sales contracts under Article 2 of the UCC

  3. Explain the rules which govern international contracts for the sale of goods under the CISG
    Assessment Strategies
    Discussions, Tests, Quizzes
    Criteria
    Determine when the CISG applies to contracts
    Explore the benefits of having an international law for contracts
    Explain how contract rules change when governed by the CISG
    Apply the rules of the CISG to fact scenarios
    Compare the application of the CISG to the application of the UCC and common law
    Address roadblocks that can be created by lack of understanding of cultural differences

  4. Draft basic forms and agreements relevant to contract law
    Assessment Strategies
    Discussions, Projects, Quizzes
    Criteria
    Create basics forms such as bills of sale, leases, or related documents
    Develop processes to ensure contract objectives are delivered when drafting
    Use correct grammar, spelling, and punctuation
    Discuss the role of cultural differences in contract negotiations and drafting
    Apply standard business formatting to documents
    Explain the role of a paralegal in contract negotiations and drafting
    Implement useful proofreading techniques
    Analyze the validity of electronic signatures
    Develop intercultural communication skills to avoid bias and stereotypes in written communications