Study Guide

Objective

The student
- knows how business entities are created and how they differ
- understand the role of government in regulating businesses
- knowthe basic legal issues in the formation of contracts for the sale of goods
- describe basic elements and differencesin various contract types
- draft and close thecommon contracts in business

Content

- contract law, sources of contract law and legal interpretation
- contract formation, legal cultures, contract practices
- settlement of commercial disputes

Teaching methods

Independent studies, flipped learning, case study (law) analysis

Content scheduling

knows how business entities are created and how they differ
- understand the role of government in regulating businesses
- know the basic legal issues in the formation of contracts for the sale of goods
- describe basic elements and differences in various contract types
- draft and close the common contracts in business

Content:

- contract law, sources of contract law and legal interpretation
- contract formation, legal cultures, contract practices
- settlement of commercial disputes

Evaluation scale

H-5

Assessment methods and criteria

The grading system ranges from 1 - 5 where;
1 = Mediocre; 2 = Satisfactory; 3 = Good; 4 = Very good; 5 = Excellent
Assessment based on successful completion of course assignments and self-reflection.

Assessment criteria, fail (0)

The student show very limited knowledge and understanding of the main areas of the course as well as inability to grasp fundamental business law theories and inability to apply the theories to the case studies/assignments. Zero or insignificant contribution in completion of team assignments. Student show very little ability to gather and interpret relevant legal issues to come to informed judgments that include reflection about what is asked for the assignments. The student has difficulties in communicating his/her ideas to others. Several parts of the text are unclear.

Assessment criteria, satisfactory (1-2)

The student demonstrates limited knowledge and understanding of the main areas of the course. The student shows difficulties in applying his/her knowledge and understanding of the content. Basic understanding of business law theories, and limited ability and apply knowledge into the case studies/assignments. The student has difficulties in communicating his/her ideas to others. Some parts of the text are unclear

Assessment criteria, good (3-4)

Good understanding of key legal issues, and able to interpret cases and apply the theoretical knowledge into the case studies/assignments. The student demonstrates good ability to gather and interpret relevant legal information to inform judgments that include reflection about what is asked for the assignments. The student is able to communicate his/her ideas to others. Important parts of the text are clear and well written.

Assessment criteria, excellent (5)

Excellent understanding of in depth legal issues and interpretations, and able to demonstrate, apply theoretical knowledge into practice. The student ability to gather and interpret relevant cases is consistent throughout the course duration. The student is able to communicate clearly his/her ideas to others in a professional way. Most of the text is clear and well written.