613 Accounting for Lawyers - Credit, 2 sem. hrs.
A study of the basic principles, conventions and methods of accounting to enable the lawyer to understand the legal economic environment, with specific reference to the accounting problems encountered in such courses as Federal Taxation and Business Associations I and II. This course is recommended for students without a substantial foundation in accounting. Except with the written permission of the instructor, this course is not open to students who have completed the equivalent of six semester hours in accounting.
614 Accounting Policies - Credit, 3 sem. hrs.
Analytical and interpretative aspects of accounting with principal attention to the role of accounting in the management decision-making process. ACC 201 and ACC 202 are prerequisites. This course may be taken for law school credit only by law students in the J.D./M.B.A. joint degree program, and law school credit will not be finally awarded until the student completes the joint degree program. [Cross-listed with ACC 501]
616 Agency - Credit, 2 sem. hrs.
A study of agency power and authority, termination, rights and duties of agents and principals. May also include issues of master and servant relationships.
720 Antitrust - Credit, 3 sem. hrs.
The law and economics of cartels and exclusionary business practices. The course focuses on sections 1 and 2 of the Sherman Act and sections 3 and 7 of the Clayton Act. The practices considered include price-fixing, territorial allocation schemes, mergers, monopolization, boycotts, tying arrangements, and vertical integration. Students are expected to master some elementary methods of economic analysis, but no background in economics is required.
656 Banking - Credit, 2 sem. hrs.
A survey of the law governing the operations of depository financial institutions (principally commercial banks but also touching on savings and loan associations, mutual savings banks and credit unions). The “dual system” of state and federal regulation, the functions and purposes of the array of governmental agencies responsible for policing and supporting the banking system, the strategic options open to banks, and the relationship between the banking system and the national economy are all covered.
619 Business Associations I - Credit, 4 sem. hrs.
A study of the law of business organizations, including partnerships, corporations, and limited liability companies. Topics may include choice of business form, formation, organization, capitalization, rights and relationships between owners and the organization. Related state and federal topics may be selectively covered.
620 Business Associations II - Credit, 2 sem. hrs.
Building on the general principles covered in Business Associations I, this course explores in detail the state and federal laws and regulations which govern the formation, management, and dissolution of business enterprises. Special emphasis is given to issues relating to business finance, such as capitalization and distributions, compliance with Federal and state securities laws, and the rights of investors to participate in management of the business.
714 Business Planning - Credit, 3 sem. hrs.
Study of the organization and conduct of business in partnership and corporate forms, with an emphasis on tax ramifications. Students are called upon to analyze situations and assess alternative methods. Includes organization of new businesses, the purchase and sale of a business, accumulated earnings tax, and personal holding company tax. Business Associations I (619) and Federal Taxation Law (638) are
506 Contracts I - Credit, 3 sem. hrs.
Fundamental concepts and principles of contract law and the law of sales, including competency of parties, offer and acceptance, consideration, mutuality, counteroffer, rejection, lapse, execution, breach, remedies, assignment, third party beneficiaries, parol evidence, Statute of Frauds, and discharges. Relevant U.C.C. provisions are studied in conjunction with certain concepts or principles.
507 Contracts II - Credit, 3 sem. hrs.
Continuation of Contracts I.
760 Counseling and Negotiation Seminar - Credit, 2 sem. hrs.
Introduction to principles and techniques in the areas of negotiation, interviewing and client counseling with emphasis on application of these interactive skills to problems confronting lawyers in their daily practice.
654 Insurance - Credit, 3 sem. hrs.
A study of the laws and regulations governing the insurance industry including: classification of insurance; the marketing process; the principle of indemnity; the insurable interest doctrine; subrogation; other insurance clauses; persons and interests protected; warranties and representations; concealment; unconscionability; detrimental reliance; and the claims process.
642 Pension and Employee Benefit Law - Credit, 3 sem. hrs.
A survey of the laws and policies regarding the creation, operation and termination of employee benefit plans, including health benefits and pension plans with emphasis on qualified plans and the Employment Retirement Income Security Act of 1974
615 Policy Formulation and Administration - Credit, 3 sem. hrs.
Integration of material learned in the functional areas of business; use of case studies and field projects to provide a top management perspective of the business enterprise. ECO 531, ACC 501, and FIN 541 are prerequisites. This course may be taken for law school credit only by law students in the J.D./M.B.A. joint degree program, and law school credit will not be finally awarded until the student completes
the joint degree program. [Cross-listed with MGT 572]
710 Securities Regulation - Credit, 3 sem. hrs.
A study of laws relating to creation, issuance, ownership and transfer of securities, including problems of the issuer, investor and control agencies and institutions; securities markets and exchanges; duties and liabilities of dealers, brokers, underwriters and sellers; control persons; the Securities and Exchange Commission and its functions; and so-called “blue-sky” laws. Business Associations I (619) is a prerequisite.
723 Trademarks and Unfair Competition - Credit, 3 sem. hrs.
A study of the law of trademarks, unfair competition, trade secrets, the right of publicity, protection of ideas and related business torts. Emphasis is given to study of the Lanham Act and related state statutory and common law doctrines governing this area of intellectual property.
TAX LAW COURSES
637 Corporate and Partnership Taxation - Credit, 3 sem. hrs.
The law of taxation as applied to corporations and their shareholders with a limited and comparative treatment of partnerships and partners, in the various contexts of business life, including formation, distributions, redemptions, reorganizations, liquidations and sales.
Federal Taxation Law (638) is a prerequisite.
673 Elder Law - Credit, 3 sem. hrs.
This course is designed to provide students with a basic foundation for providing legal services to older persons. Because the specialty of elder law is defined by the type of client served rather than by a particular area of law, the subjects covered overlap with certain topics covered in other courses, such as Administrative Law, Law and edicine, Wills and Estates, and Trusts. Topics covered in the Elder Law course will include such things as age discrimination, basic estate planning, entitlement to public benefits, planning for health and long-term care needs, challenges presented by physical or mental incapacity, exploitation of the elderly, end-of-life decisions, and ethical problems related to representing the elderly.
702 Estate and Gift Taxation - Credit, 3 sem. hrs.
A study of federal taxation of inter vivos transfers, revocable and incomplete transfers, exclusions, exemptions, and correlations with income and estate taxation; also federal estate taxation of property owned at death, jointly held property, gifts in contemplation of death,
revocable transfers, retained life estates, transfers taking effect at death, survivorship annuities, life insurance, and powers of appointment; federal estate tax credits, deductions, exemptions, valuation problems; and procedure and correlation of estate tax with federal income and gift taxes. Wills and Estates (618) is a recommended antecedent course
638 Federal Taxation Law - Credit, 3 sem. hrs.
A study of the substantive and procedural aspects of the laws of federal income taxation, including computation of gross income; deductions and exemptions; taxable income; capital gains and losses on property disposition; payments and returns; splitting of income; tax
problems of corporations, shareholders, partnerships, estates and trusts; and tax law procedures.