IU Indianapolis Bulletin » Schools » Kelley School of Business » Courses » Business Law

Business Law

The number of credit hours given to a course is indicated in parentheses following the course title.

The abbreviation "P" refers to course prerequisites; the abbreviation "C" refers to course co-requisites.

Undergraduate
  • BUS-L 100 Personal Law (3 cr.) Effects of law on everyday lives. May include such topics as family law, criminal offenses and traffic violations, personal injury and property damage claims, employee rights, landlord-tenant law, consumer rights, debt collection, selected real and personal property issues, wills and estates, selected contract law issues, and forms of business organization (partnership, proprietorship, and corporation). This course will not be counted toward a business degree or minor.
  • BUS-L 203 Commercial Law (3 cr.) P: Sophomore standing. The purpose of this course is to examine the legal framework for business activity and to explore how to manage that framework in a rapidly changing legal environment. The areas of the law studied include contracts, torts, employment law, intellectual property, forms of business enterprises, and the legal regulation of business competition. Credit is not given for both L201 and L203.
  • BUS-L 204 Commercial Law: Honors (3 cr.) P: Sophomore standing. Includes the nature of law, torts, contracts, the sale of goods, and the legal regulations of business competition. Credit not given for both L 203 (or L201) and L204. Honors credit; permission required.
  • BUS-L 303 Commercial Law II (3 cr.) P: L201 or L203 or L204 with C or higher Kelley Admit of Junior or Senior standing. Focuses on the law of ownership, forms of business organization, commercial paper, and secured transactions. For accounting majors and others desiring a broad yet detailed knowledge of commercial law.
  • BUS-L 490 Independent Study in Business Law (1-3 cr.) P: I-Core (with C or higher in each course); Consent of undergraduate program chairperson and instructor. Supervised individual study and research in student’s special field of interest. The student will propose the investigation desired and, in conjunction with the instructor, develop the scope of work to be completed. Written report required.
  • BUS-L 408 Real Estate Law (3 cr.) P: BUS-L 203 or BUS-L 204 with C or higher Legal aspects of ownership, transfer, leasing, and financing of real property. Major legal issues of land-use control.
  • BUS-L 312 The Ethical Responsibilities of Business (3 cr.) P: BUS-L 203 or BUS-L 204 with C or higher, junior standing. This course is designed to help students develop their abilities to identify and address real world ethical dilemmas. The course is case-based, with discussions focusing primarily on ethical situations that confront individuals engaged in business. Topics covered include honesty, privacy, diversity/discrimination, harassment, free speech, whistle-blowing, intellectual property rights, ethics in finance, ethics in marketing, corporate social resoponsibility, globalization, and ethics in international business.
Graduate
  • BUSN-L 512 Law and Ethics in Business (3 cr.) The objective is to provide the student of management with that knowledge of the American legal system--its processes and the substantive law itself--which is necessary to the making of informed and effective business decisions. Because the law develops and evolves in response to changing social, economic, political, and technological forces, and because business decisions often carry long-lasting as well as delayed effects, this course will emphasize the study of legal change. It is hoped that consideration of past legal developments will give prospective managers sufficient insight into the dynamics of this process to enable them to predict as soundly as possible the future legal environment in which their present decisions will bear fruit.
  • BUS-L 590 Independent Study in Business Law (Arr. cr.) For advanced M.B.A. students engaged in special study projects. Course admission and project supervision is arranged through the M.B.A. Office and the student's faculty advisor.