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($$   1  ````)!dxdx d dM($Wavy Single Border!dxdx/Wavy Single  d !  _   XX XXXY#lRB>|x x `@ $xdEx  (#(#      (#(#ll)(#DepartmentofAccounting&Finance  X =(#350Neff,IPFW  < ,,?(#2194816471   XXXX rrXX@LL&BUSL200    @N?rr@N??@N@ #CourseSyllabus 4  LJJ?@N8 U #@N?JLJp#&%?@NThe CLASSSCHEDULE ,aseparatehandout,liststhematerialtobecoveredduring 4  eachclasssession.TheCLASSSCHEDULEmayberevisedduringtheterm;itiseach d studentsresponsibilitytoconsultthemostrecentversion.DU!U! *  &%%&%& *I  .0 U   0U(#U(#InGeneral *oی(#(# Ќ  _XX U Thepurposeofthiscourseistointroducethestudentstothebasicprinciplesofcontract 0 law.Allcommercialactivitiesdependoncontracts,andthuscontractlaw.Iftherewerenosuch  thingascontractlaw,itwouldbeimpossibletoengageinanybusinessactivity-personscould  onlyexchangeoneitemforanother,inpersonandcontemporaneously.Evenifonepersonagrees  toworkforanotherforone-halfhourfor$10,oneofthetwopartiesmustrelyontheotherto  keepherorhispromise.Contractlawiswhatmakessomepromises(notall)enforceablebya | court.Ifacontractexists,bothpartiescanrelyonthecourttoenforcetheotherparty'spromise. h  U Inthiscourse,studentswillhavetoopportunitytolearnwhatisrequiredtocreatean T  enforceablecontract,andwhatacourtmightdoifthecontractisnotperformed.Theprimary @! emphasisisonthecontractlawoftheUnitedStates.However,asthecoursetext'stitleimplies, ,"| thecontractlawofothercountrieswillbediscussed.Inmostsituationstherearefewdifferences #h betweenthecontractlawofvariouscountriesaroundtheworld.Therearedifferencesindetail $T and,ofcourse,detailscanbeimportantinanygiven_situation.Sincethisisaonecredithour $@  course,thecoursecanonlybeanintroduction(andwouldstillbeevenifitwerelimitedtoone %,! contractlawregime). &"   U Sincethereisnogenerallypublishedtextforacoursesuchasthis,thecoursetextisa '#! combinationofpartsoftwogeneraltexts,withanadditionalappendix.Themajorityofthetext (#" dealswithCommonLawcontractlawandtheUniformCommercialCode(UCC),whicharethe )$# principalcontractlawregimesintheUnitedStates.Thatportionalsoincludesreferencesto x*%$ portionsofthecontractlawofthePeoplesRepublicofChina,principallyforcomparative d+&% purposes.ThesmallerportionofthetextdealsprincipallywiththeUnitedNations Covenantfor P,'& theInternationalSaleofGoods(CISG),whichpotentiallygovernscontractsbetweenU.S. <-(' _p_ersonsandforeignpersons.Finally,anappendixprovidesexcerptsfromtheCivilCodeofthe  RepublicofKazakhstanasamorecompleteexampleofanonU.S.contractlawregime.(It  wouldbeagoodideatofindKazakhstan[mightbe Kazakstanor KazakhSSR]onaworld  map.) t XX II.0 U 0U(#U(#CourseMaterials L (#(# XX*n   0 U *noA  .0U(#U(#  Text *noیd (#(# Ќ  +  0 U 0U(#U(#+N1  .0 (#(#  ElementsofContractGlobal,byWestPublishingCompany+NیP  (# (# Ќ  0 U 0U(#U(#0 (#(#Sincethisisacombinationofmaterialsfromothertexts,noStudyGuideis (x  available.d  (# (# +  0 U 0U(#U(#+02  .0 (#(#  ALawDictionaryishighlyrecommended.TheIPFWbookstoregenerallystocks <  anadequate,relativelyinexpensive,paperback.Noparticularlawdictionaryis (  recommended,solongasitisalawdictionary,notageneralone.+0kی (# (# Ќ  *n   0 U *n"B  .0U(#U(#  Handouts *n"Oی(#(# Ќ  +  0 U 0U(#U(#+"1  .0 (#(#  ThisSyllabus+"]یt (# (# Ќ  +  0 U 0U(#U(#+2  .0 (#(#  ClassSchedule(includingrevisions)+Mی` (# (# Ќ  +  0 U 0U(#U(#+3  .0 (#(#  Othermaterialsdistributedinclass+TیL (# (# Ќ  *n  0 U *n!C  .0U(#U(#  Supplies *n!Nی$t(#(# Ќ  +  0 U 0U(#U(#+!1  .0 (#(#  Pensorpencilsforquizzes+!\یL (# (# Ќ  +  0 U 0U(#U(#+2  .0 (#(#  Pencilsanda GOOD,CLEAN eraserforexams+Zی8 (# (# Ќ  +  0 U 0U(#U(#+23  .0 (#(#  Open,inquisitivemind+2mی( (# (# Ќ  XXIII.0  RecommendedStudyProcedures (#(# XX U Thoroughpreparation BEFORE classisessential,bothtounderstandingclassdiscussions ! andlectures,anddoingwellonquizzesandexams "   BEFORECLASS: 0 D Tobeadequatelyprepared,beforeeachclass:$"D (#D (# +  0 U + !1  .0U(#U(#  Scantheassignedmaterialstogainageneralunderstandingofthegeneraltopicsand l&!$ theirinterrelationships;then+ !0!یX'"%(#(# Ќ  +  0 U +h"2  .0U(#U(#  Carefully readtheassignedmaterial,ideallymakingapersonaloutlineofthetext.The 0)$' presentationofthetext(headings,subheadings,etc.)shouldassistinmakinganoutline.  *p%( Highlightanyterm(s)orconcept(s)thatareparticularlydifficultornotunderstood;  +\&) then+h""ی+H'*(#(# Ќ  __+  r1<,(p p06 `#,#E\Pr0 U +ְ$3  .0U(#U(#  Reviewthekeyterms,makingsurethattheyareunderstood.Thekeytermsarefre  quently,butnotalways,in boldprint inthetext.Usealawdictionaryaswellasthe+ְ$I%ی(#(# Ќ   (#(#0 U 0UU(#texttoascertaintermsmeanings;then(#    (Eh83! !"3"  0 U 3(2Eh  4  .3  0UU(#  Reviewany conceptsummaryortableinassignedchapter(s), d   d  makingsurethatitssubstanceisincludedinanypersonal P    P   outline.3(U(݌< (# Ќ     DURINGCLASS: 0 D Participate(whichmeanssomethingmoreactive  d  D   d  (#D (#thanmerelykeepingoneseyespartiallyopen). T D (#D (#  AFTERCLASS: 0 D Followingclass,thetext,outline,andclassnotesshouldbereread, ,  reviewed,andarrangedintoacoherentwhole.Thismayentailcompletely   rewritingthepreclassoutline.Whenconscientiouslyprepared,thesepost   classmaterialsareininvaluableaidinpreparingforexaminations. D (#D (#  STUDYGROUPS: 0 D Somestudentsmayfinditveryhelpfultoforminformalstudygroupsof | threetosixpersons.Studygroupsallowstudentstodiscussandarticulate l thecoursematerialsinarelaxedsetting.Theyalsoprovideasupportgroup X ofunderstandingpersons.DD (#D (# XX IV.0 U 0U(#U(#ClassParticipation l(#(# XX0 U   Classsessionswillincludediscussions,hopefullywithsignificantstudentparticipation 4 beyondmererecitationoftheinformationinthetext.Voluntaryparticipationinclass  p discussionsisencouragedandappreciated.Studentswhodonotattendclasswillfindit  \ difficulttoparticipateinclassdiscussions. Itisthefactofparticipationthatisimportant, H notifananswerorresponseis rightor wrong. 8U(#U(# 0 U   Dealingwith theLawrequiresclarity,order,andprecisioninanalysisandexpression.  Understandingwillnotbeachieved,orevenremotelyapproached,throughmerememoriza   tion.Participationisthemosteffectivemethodoflearning.Theexerciseofarticulatinga ! problemsresolutionandtheunderlyingrationalemakesitmuchmorelikelythattheinfor "  mationwillbeunderstoodandretained.Thereisadirectrelationshipbetweenclasspartici p#! pationandfinalgrades,evenif classparticipationisnotaseparatefactoringradecalcula \$" tions.Studentswhoregularlyparticipateinclassdiscussionsnormallyreceiveabove H% # averagegrades.4&!$U(#U(# 0 U   Studentsareencouragedtoaskquestions. Itishighlyunlikelythatonlyonestudent  (\#& willbepuzzledbyaparticularproblem(unlessthe problemistotallyunrelatedtocontem (L$' poraryclassdiscussions). Theonly dumbquestionsarethosenotasked. Somestudents )8%( whoaskquestionsbecomefrustratedwhentheinstructorrespondswithaquestion.When *(&) thathappens,theinstructorspurposeisnottoavoidanswering,buttoleadthestudentand +'* classthroughtheanalyticprocessthatleadstotheanswertotheinitialquestion.The  analyticprocessisoftenmoreimportantthattheparticularruleoranswer.U(#U(# __*n  XX *nK8V  .0 U   0U(#U(#GradingFactors *nK88یt(#(# Ќ  XX*n   0 U *n9A  .0U(#U(#  Calculation *n99ی (#(# Ќ  0 U   Thefinalgradewillacompositeofthegradesreceivedforquizzesandtheexamina d  tion,asdescribedbelow.P U(#U(# ___0 U 0U(#U(#Basedonascaleof100,passinggradesare:(x (#(#  0 U 0U(#U(#0 (#(#90to100=Ad  (# (#  0 U 0U(#U(#0 (#(#80to89.99=BP  (# (# Ѐ0 U 0U(#U(#0 (#(#70to79.99=C<  (# (# Ѐ0 U 0U(#U(#0 (#(#60to69.66=D(  (# (# 0 U ALTERNATIVEA:U(#U(# _0 U __ U(#U(#  0 U Thecomponents: 0 U(#U(#Exam03 (# (#40%03(#3(#0}(#(#Quizzes0}(#}(#0l(#(#60%l(#l(# 0 U Calculationofthefinalgradeisbasedonnumericscoresforeachcomponent,nottherelated d lettergrade.Theonlytimealettergradewillbegivenisonthefinalgradereport.PU(#U(# _0 U __ALTERNATIVEB:(xU(#U(# 0 U   Ifastudentissatisfiedwithherorhis"grade"basedsolelyonthecumulativequiz d score(calculatedasdiscussedbelow),sheorhecanopttoNOTtakethefinalexam.Taking P thefinalexamwillNOTresultinagradelowerthanthecumulativequizscores(i.e.ifthe < examscoreislowerthanthecumulativequizscore,itwillnotbeconsideredinfixingthe ( finalgrade).U(#U(# 0 U  B.Exam  U(#U(# 0 U   Sincethisisaone-hour,half-semestercoursewithonlyeightclasssessions,thereis ! insufficienttimeformorethanoneexam.(Ifonesubtractstheintroductorysessionandthe t"  examsession,thatleavesonlysixclasssessionstocoverthematerial.)Whileagreater `#! numberofexamsmaybedesirablefromagradingstandpoint,theamountofclasstime L$" availableismarginallysufficientwithoutfurtherreductionsforexams.8% #U(#U(# 0 U   Theexamwillbegivenduringthefinalclasssession,asshownontheScheduleof $&t!$ Classes.Itwillbeobjective(multiplechoice)andwillcoverallassignedmaterials.'`"%U(#U(# 0 U  C.Quizzes (8$'U(#U(# 0 U   Aquizwillbegivenduringeachclasssessionexceptthefirstandlast.Eachquizmay )$%( cover(a)thematerialscoveredinthepriorclasssession,(b)thematerialsassignedforthe *&) classsessionwhenthequizisgiven,or(c)both(a)and(b).Quizzeswillbeobjective,but +&* notmultiplechoice(e.g.True-False,Matching,Fill-in-the-blank,etc.).Approximately10  minuteswillbegivenforeachquiz.U(#U(# 0 U   Forgradingpurposes,eachquizquestionwillbeworthonepoint.Afterthelastquiz,  eachstudent'stotalquizpointswillbecalculated.Thestudent(s)ineachsectionwiththe t greatestnumberofpointswillreceivea"100"scoreforthequizcomponentofthefinal ` grade.Allotherstudents'quizcomponentwillbecalculatedproportionally.Forexampleif L  thegreatestnumberofearnedquizpointsis50andyouearned45,yourquiz-component 8  scorewouldbe"90".$ tU(#U(# 0 U  D.Make-ups (notreallyrecommended) L U(#U(# 0 U   Permissiontotaketheexamoraquizwillbegivenonlywhenastudenthassome  <  reasonableexcusefornotattendingclass.( U(#U(# 0 U   Forquizzes,thetimes/dateswhenamake-upquizcanbetakenisgenerallylimitedto   theperiodbetweentheclasssessioninwhichthequizisgivenandthenext-subsequentclass   session.Itmaybemostappropriatetoarrangetoattendthecorrespondingclasssessionof   anothersectionofthiscourse.(SeeClassSchedule)Takingamake-upquizmustbe t arrangedwiththeDepartmentofAccountingandFinancesecretary[481-6471]duringher ` officehours-9-5weekdays,withanhourforlunch).LU(#U(# 0 U   Fortheexam,make-uptimes/dateswillbelimitedtotheperiodbetweenthefinal $t substantiveclasssession(i.e.thescheduleddatefor"Session7)andthetimeforwhichthe ` examisscheduled.Itmaybemostappropriatetoarrangetotaketheexamatatime L scheduledforanothersectionofthiscourse.(SeeClassSchedule)8U(#U(# _