COURSE INFORMATION
Course Title: BUSINESS LAW
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
LAW 203 C 3 3 0 0 3 5
Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature) Dr. Dea Haxhiu dbashkurti@epoka.edu.al
Main Course Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours: Dr. Dea Haxhiu dbashkurti@epoka.edu.al , Monday 10:00-12:30
Second Course Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours: NA
Language: English
Compulsory/Elective: Elective
Study program: (the study for which this course is offered) Bachelor in Economics (3 years)
Classroom and Meeting Time:
Teaching Assistant(s) and Office Hours: NA
Code of Ethics: Code of Ethics of EPOKA University
Regulation of EPOKA University "On Student Discipline"
Attendance Requirement:
Course Description: Business Law: The titles of the subjects are; Commercial undertaking, commercial affairs and results, merchant, trade register, unfair competition, classification of companies, Stock Corporation, negotiable instruments.
Course Objectives: Business law to make students understand the life of a company from all the points of view. It is a field of right, that aims to understand all the aspects of a company, by touching in a transversal way all the legal frame related to his life. So from this point of view, during this course, it will be treated civil law, labour law, commercial law, taxation law, under the codes in the Republic of Albania.
BASIC CONCEPTS OF THE COURSE
1 Contracts and Agreement Formation - A contract is a legally enforceable agreement between two or more parties. It is essential for business transactions.
2 Business Entities - Different legal structures that businesses can take (e.g., sole proprietorship, partnerships, corporations, limited liability companies).
3 Intellectual Property - Legal protection for inventions, designs, trademarks, copyrights, and trade secrets.
4 International Business Law - Legal rules and principles governing cross-border business transactions.
5 Property Law - Deals with the rights and interests in land and buildings.
6 Taxation - Taxation is a critical area of business law that deals with the financial obligations businesses and individuals must pay to governments.
7 Value-Added Tax (VAT) - Levied on the sale of goods and services. It’s collected by businesses at the point of sale and remitted to the government.
8 International Taxation - The issue that occurs when a business or individual is taxed in more than one jurisdiction (e.g., income earned overseas).
9 Leasehold Property - A legal agreement in which a business leases a property (often commercial real estate) for a specific term under agreed-upon conditions.
10 Title to Property - Legal ownership of property and the right to control, use, and transfer it.
COURSE OUTLINE
Week Topics
1 Introduction to Business Law
2 Contracts Part 1 - Describe the nature of a contract. Identify the sources of contract law and distinguish between agreements and contracts. Explain the purpose of a contract. Identify the six elements of an enforceable contract. Pg. 179-243. Essentials of Business Law, Anthony Liuzzo and Ruth Calhoun Hughes (2024)12th edition
3 Contracts Part 2 - Distinguish among the different kinds of contracts, including oral and written, express and implied, formal and simple, and entire and divisible. Explain the status of contracts and differentiate between executory and executed contracts. Distinguish among valid, void, and voidable contracts. P. 243 - 304. Essentials of Business Law, Anthony Liuzzo and Ruth Calhoun Hughes (2024)12th edition
4 Sales, Agency, and Business Organizations Part 1 - Explain how title and certificate of title relate to the concept of ownership. Distinguish between the two main types of property and indicate which one is subject to the law of sales. Describe how title passes and discuss how bills of sale, bills of lading, and warehouse receipts are involved in the passing of title. Explain when title to goods passes. Pg. 325 - 375. Essentials of Business Law, Anthony Liuzzo and Ruth Calhoun Hughes (2024)12th edition
5 Sales, Agency, and Business Organizations Part 2 - Define the term conditional sales and identify the two types of conditions found in contracts for conditional sales. Explain the law governing title to lost or stolen goods. Define the principle of estoppel and provide examples of how this principle is applied in various situations. Discuss sales by persons with possession of, but not title to, goods. Describe the passage of title to fungible goods Pg. 378 - 428. Essentials of Business Law, Anthony Liuzzo and Ruth Calhoun Hughes (2024)12th edition
6 Property Part 1 - Describe the characteristics of property and provide examples of items considered property. Distinguish between real and personal property. Identify and discuss common ways in which title to personal property can be acquired. Pg. 470 - 508. Essentials of Business Law, Anthony Liuzzo and Ruth Calhoun Hughes (2024)12th edition
7 Midterm exam
8 Property Part 2 - Discuss the different forms of property ownership. Discuss the characteristics of real property. Describe ownership interests in real property in terms of freehold and leasehold estates. Discuss the transfer of real property, including (a) the various types of deeds, (b) the delivery and recording of deeds, and (c) transfers made through eminent domain and adverse possession. Pg. 509 - 528. Essentials of Business Law, Anthony Liuzzo and Ruth Calhoun Hughes (2024)12th edition
9 Business and Technology Part 1 - Discuss intellectual property and explain how it is protected. Explain why trade secrets are so important to a firm and recognize how they may be protected using restrictive covenants and agreements not to compete. Discuss when computer software is protected by trade secret law and when it is protected by licensing. Pg. 547 - 583. Essentials of Business Law, Anthony Liuzzo and Ruth Calhoun Hughes (2024)12th edition
10 Business and Technology Part 2 - Identify crimes associated with social media. Discuss the ways in which social media speech can affect business, including defamation, intellectual property infringement, and deceptive advertising. Describe emerging issues as social media and business interact. Pg. 565 - 614. Essentials of Business Law, Anthony Liuzzo and Ruth Calhoun Hughes (2024)12th edition
11 Legal environment Part 1 - Describe the duties of an employer and employee to each other. Distinguish between employees and independent contractors. Explain the doctrine of employment at will. List some typical clauses in an employment contract. Pg. 615 - 649. Essentials of Business Law, Anthony Liuzzo and Ruth Calhoun Hughes (2024)12th edition
12 Legal environment Part 2 - Identify some typical policies contained in an employee handbook. Explain how employers expose themselves to legal liability when they provide employee references. Discuss the impact of the Fair Labor Standards Act on the employer–employee relationship. Pg. 650 - 683. Essentials of Business Law, Anthony Liuzzo and Ruth Calhoun Hughes (2024)12th edition
13 International Business Law - Discuss global business and cite reasons for the increased need for international law. Define international law and identify its major sources. Pg. 684 - 719. Essentials of Business Law, Anthony Liuzzo and Ruth Calhoun Hughes (2024)12th edition
14 Presentation of the students project, revision of the course
Prerequisite(s):
Textbook(s): Essentials of Business Law, Anthony Liuzzo and Ruth Calhoun Hughes (2024)12th edition; Law 101: Everything You Need to Know about American, Jay M. Feinman (2023).
Additional Literature: Civil Code of Albania; Constitution of the Republic of Albania.
Laboratory Work:
Computer Usage:
Others: No
COURSE LEARNING OUTCOMES
1 Describe the Albanian legal system and the legal environment of business.
2 Define relevant legal terms in business.
3 Define the categories of businesses.
4 Describe current law, rules, and regulations related to settling business disputes.
5 The role of contract law in business.
6 Provide examples of how the application of law affects (a) one’s personal or social life, (b) business or business operations, and (c) governments.
7 Cite and describe the major classifications of law.
8 Distinguish between the two main types of property and indicate which one is subject to the law of sales
9 Explain how title and certificate of title relate to the concept of ownership.
10 Discuss sales by persons with possession of, but not title to, goods.
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
Bachelor in Economics (3 years) Program
1 Students define the fundamental problems of economics 4
2 Students describe key economic theories 4
3 Students critically discuss current developments in economics 4
4 Students appropriately use software for data analysis 4
5 Students critically contextualize the selection of an economic problem for research within scholarly literature and theory on the topic 4
6 Students apply appropriate analytical methods to address economic problems 4
7 Students use effective communication skills in a variety of academic and professional contexts 4
8 Students effectively contribute to group work 4
9 Students conduct independent research under academic supervision 4
10 Students uphold ethical values in data collection, interpretation, and dissemination 4
11 Students critically engage with interdisciplinary innovations in social sciences 4
12 Student explain how their research has a broader social benefit 4
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
35
Final Exam
1
45
Attendance
20
Total Percent: 100%
ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)
Activities Quantity Duration(Hours) Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 3 48
Hours for off-the-classroom study (Pre-study, practice) 14 3 42
Mid-terms 1 15 15
Assignments 0
Final examination 1 20 20
Other 0
Total Work Load:
125
Total Work Load/25(h):
5
ECTS Credit of the Course:
5
CONCLUDING REMARKS BY THE COURSE LECTURER