Students study the fundamental concepts, principles and rules of law and equity that apply to business activities. Legal theory is applied to commercial transactions. Topics covered include an introduction to the law and the legal system, the Uniform Commercial Code, contracts, sale of good, negotiable instruments, product liability, negligence, agency, bailment, torts, and employment law. This course is required for students in the Business and Entrepreneurship and Business: Accounting A.A.S. degree programs. It is not recommended for students enrolled in the transfer-oriented A.S. in Business Administration program.