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Law and Business

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Law and Business

Description of Concentration

The purpose of this program is to provide Drake students, regardless of their majors, with an opportunity to learn basic legal concepts across a wide range of legal topics relevant to their personal and professional lives. As future members of a community, students will enter into a variety of contractual relationships, business and otherwise. They will deal with typical legal issues related to property, employment, personal injury liability and financial transactions including securing a consumer loan, purchasing and mortgaging a home, and investing in stocks and bonds. Likewise, they may encounter legal issues in the formation and operation of business structures such as sole proprietorships, partnerships, corporations and limited liability companies. This concentration is designed to inform students of their legal rights and responsibilities in many situations. In addition, the concentration requires an ethical component because a legal system cannot survive unless it reflects the values of its society.

The concentration is particularly valuable for students considering graduate study in law school, for business majors who wish to expand their knowledge of the legal principles that govern the conduct of business, and for law, politics and society majors in the College of Arts and Sciences who wish to extend the legal aspects of their major.

Requirements for Concentration

  • Business Law 060 (Business Law I)
  • Business Law 120 (Business Law II)
  • Business Law 180 (Legal Issues of Business Organizations)
  • Business Law 190 (Legal Topics of Current Interest)
  • Accounting 041 (Introduction to Financial Accounting) or Finance 095 (Managing Personal Finances) or a similar course that develops the business context of the concentration
  • A course in ethics and ethical responsibilities

A GPA of 2.00 in the courses in the concentration is required to receive credit for the concentration.

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Admission Calendar

May 1 - Enrollment deadline for first-year students

August 4-8 - Iowa Private College Week

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