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Law and Business

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Law and Business Concentration

Program Overview

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 ownership of property, employment issues, personal injury liability, negotiable instruments and bankruptcy. 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 these and many other 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

  • BLAW 060 - Business Law I
  • BLAW 120 - Business Law II
  • BLAW 180 - Legal Issues of Business Organizations
  • BLAW 190 - Legal Topics of Current Interest
  • ACCT 041 - Introduction to Financial Accounting or FIN 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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