Learning Outcomes

The following is the A.B.A. Standard 301 Statement regarding learning outcomes for Business Law Certificate:

Knowledge and understanding of substantive law

  • Understand the general legal boundaries that define the regulation of business, including the general parameters of business association law, tax law, and commercial law.
  • Recognize the most common forms of business associations, including partnerships, limited liability companies, and corporations.
  • Understand the rules governing formation, management and dissolution of the most common forms of business associations, as well as the implications of choosing one form of association over others.
  • Understand basic principles of federal income taxation.
  • Understand basic legal principles that govern at least one of the following advanced business association topics:  securities offerings, mergers and acquisitions, or business taxation.
  • Understand basic commercial law principles that govern at least one of the following areas: sale of goods, creation and enforcement of security interests in personal property, or real estate transactions.
  • Understand at a beginning level at least one of the following specialized business topics:  antitrust, consumer law, intellectual property law, international trade, or accounting.

Legal Analysis and reasoning

  • Be able to identify relevant legal issues and to understand, interpret and apply statutes and case law in the area of business associations and income taxation at a developing level.
  • Be able to identify relevant legal issues and to understand, interpret and apply statutes and case law in the area at least one of the following areas at a developing level:  commercial law, bankruptcy law, or real estate law.

Legal Research

  • Be familiar with often-recurring issues in business practice, and where to begin researching such issues.
  • Be familiar with business organization codes and tax codes and interpretative regulations as starting points for legal research as to most business association or tax issues.
  • Understand the role of case law in statutory and regulatory interpretation in the business law area.

Problem-solving

  • Be able to engage critical thinking to predict outcomes and recommend appropriate action on issues relating to business associations, income taxation, and commercial and/or real estate law.

Written and oral communication in the legal context

  • Be able to locate sources for legal forms used in creating and managing business associations.
  • Be able to strategically negotiate and/or draft simple contracts.

Exercise of proper professional and ethical responsibilities

  • Understand ethical rules relating to entity representation and related conflict of interest issues.
Law School Events
January 24, 2018
11:00 AM - 12:00 PM
February 2, 2018
11:00 AM - 03:30 PM
Law School News
January 9, 2018
The Drake University 2018 Engaged Citizen Conference, “Nourishing (Feeding) the World,” is scheduled for Thursday, Feb. 22, and Friday,  Feb. 23 in Drake’s Olmsted Center. Admission is free.
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