TCO A: Given federal regulation of business and commercial practices formulate a strategy by which an impacted business can influence, revise or contest regulatory outcomes to shape business and organizational policy.

Key Concepts
•Classify the sources of law and how the purposes of law promote the practice of business via constitutional limitations, regulation of business activity, challenging administrative actions, and participating in the rule-making process.
•Analyze the definition of business ethics.
•Differentiate between the ethical theories that aid in the practice of business.
•Evaluate ethical dilemmas.

TCO B: Given an example of corporate liability arising from the sale of defective and dangerous products, propose a business strategy that includes ethical, legal and political considerations to minimize liability for claims of product liability and breach of warranty.

Key Concepts
•Analyze how product liability and warranty law has evolved to move the risk of loss from defective products to the manufacturer.
•Apply the elements of and defenses against a tort action for negligence.
•Illustrate how product liability moved from a negligence standard to strict liability in tort and how sellers of goods are held to both express and implied warranties.
•Assess the importance of Section 402A of the Restatement (Second) of Torts.

TCO C: Given a business or commercial contract for the sale of goods and services to a customer, examine the elements of the contract, and determine whether the contract is enforceable under common law or the Uniform Commercial Code.

Key Concepts
•Evaluate unconscionable contracts and how they are unenforceable.

TCO D: Given an employment relationship, examine the circumstances under which an employer is liable to an employee for employment discrimination, wrongful discharge, or liable for acts of an employee or contractor.

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