LAW 309 Corporate and Commercial Law (3 credits)

Divided into two parts, the course will first examine how businesses are conducted through several kinds of legal entities, each of which should be considered by a lawyer and an executive when choosing to form a new enterprise. Students will receive instruction and practice in the preparation and filing of incorporation documents, organizational and annual corporate materials, basic corporate agreements and resolutions. In the second half, the focus will be on commercial law. Students will receive instruction regarding the formation, performance and breach of contracts with primary focus on secured transitions. Students will receive instruction and practice in the preparation and filing of financial statements and documentation for corporate financial transitions. Students will also receive instruction regarding creditors, rights exercised under Article 9 of the Uniform Commercial Code and federal and state laws. This section will also include debtors’ remedies including review of the Bankruptcy Code and the responsibilities of debtors. Students may substitute MGT 362