Business Law Full Course | Contracts, UCC, Agency & Corporations | CPA Exam

This complete Business Law course explains the legal rules governing contracts, commercial transactions, agency relationships, creditors, bankruptcy, partnerships, LLCs, and corporations. It is designed primarily for undergraduate students taking Business Law or the Legal Environment of Business, with focused support for CPA Exam candidates reviewing REG business-law topics.

WHAT YOU WILL LEARN
• Contract formation, offer, acceptance, consideration, termination, and defenses
• The mailbox rule, mirror image rule, Statute of Frauds, impossibility, and impracticability
• UCC Article 2 sales: contract formation, risk of loss, warranties, and buyer and seller remedies
• Agency law: formation, actual and apparent authority, ratification, duties, and liability
• Secured transactions: attachment, perfection, priority, and secured-creditor rights
• Debtor-creditor law: liens, garnishment, fraudulent transfers, suretyship, and guarantors
• Bankruptcy law: Chapters 7, 11, and 15, liquidation, reorganization, and petitions
• Business organizations: sole proprietorships, general and limited partnerships, LLPs, LLCs, and corporations
• Corporate law: formation, financing, shareholders, directors, officers, and fundamental changes
• Employment and regulatory topics relevant to business organizations

COURSE MODULES
1. Contract Law Fundamentals
2. Contract Defenses and the Statute of Frauds
3. UCC Article 2 Sales of Goods
4. Agency Relationships, Authority, Duties, and Liability
5. Secured Transactions and Creditor Rights
6. Suretyship and Debtor-Creditor Law
7. Bankruptcy Law
8. Partnerships, LLPs, and LLCs
9. Corporations: Formation, Financing, Governance, and Changes
10. Employment and Business Regulation

WHO THIS COURSE IS FOR
• Undergraduate Business Law students
• Accounting, finance, management, and business majors
• Students taking Legal Environment of Business or Commercial Law
• CPA Exam candidates reviewing REG business-law topics
• CMA, EA, and other professional-exam candidates needing a commercial-law refresher

FREQUENTLY ASKED QUESTIONS
What does a Business Law course cover?
Business Law examines contracts, commercial transactions, agency, creditor rights, bankruptcy, business organizations, corporate governance, and related regulations affecting businesses.

What is the difference between common-law contracts and UCC contracts?
Common law generally governs services, employment, and real-estate agreements. UCC Article 2 governs contracts for the sale of goods.

What creates an agency relationship?
An agency relationship arises when a principal authorizes an agent to act on the principal's behalf and subject to the principal's control. Authority may be actual, apparent, or created through ratification.

What is the difference between an LLC, partnership, and corporation?
These structures differ in legal identity, owner liability, governance, continuity, taxation, and formation requirements.

What Business Law topics appear on the CPA Exam?
CPA candidates commonly review contracts, UCC sales, agency, secured transactions, suretyship, bankruptcy, debtor-creditor relationships, and business organizations.

Farhat Lectures provides clear, exam-focused lessons, worked examples, practice questions, simulations, downloadable notes, and AI-powered study tools.

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