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Business Law 2 covers subject matter usually taught in second-semester college course in American business law. You will be required to have knowledge and understanding of the sale of goods, debtor and creditor relations, business organizations, property, and commercial paper.

Topics covered include:

• Sale of Goods
  • Application
  • Contract information
  • Risk of loss and passage of title
  • Performance
  • Rights of bona fide purchasers for value
  • Entrustment
  • Product liability
• Debtor and Creditor Relations
  • UCC Article 9
  • Bankruptcy
  • Suretyship
• Business Organizations
  • Agencies
  • Partnerships
  • Corporations
• Property
  • Personal property
  • Fixtures
  • Real property
  • Wills, trusts, estates
• Commercial Paper
  • Types of instruments
  • Parties
  • Elements of negotiability
  • Transfer of paper
  • Liability of parties
  • Bank deposits and collections

(Taken from “Business Law II,” DSST Fact Sheet, Thomson Prometric, a part of the Thomson Corporation, ©2006.