Prerequisite: CONTRACTS
    
Business Organizations, the introductory business law course, addresses the law governing business entities, including sole proprietorships, general and limited partnerships, limited liability companies, and both closely-held and public corporations.  It covers agency, choice of organizational form; fundamentals of entity formation, finance and taxation; duties of fiduciaries including agents, partners, directors and officers; limited liability and its exceptions; the role of the corporation in society and corporate social responsibility; corporate governance; and the basics of regulation of securities issuance and trading. Students without any prior business background or knowledge of business concepts should feel comfortable enrolling in this course.  Business Organizations should be taken before more advanced business law courses such as Securities Regulation, Mergers and Acquisitions, and Corporate Finance.