This course examines the nature, function and ethical issues of United States law and international treaties governing business transactions, corporate formations, agency, employment, negotiable instruments, property, basic tort and product liability issues. Special emphasis will be given to contract law and the application of the uniform commercial code governing sales and contract formation and enforcement. In addition to providing a basic understanding of business law this course is designed to prepare the student for the law component of the uniform certified public accountants examination and to provide a foundation for those students who wish to advance to law school.