Business Law for Accountants - Contracts  

The basic principles of contract law include mutual assent, consideration, capacity and legality but the depth of contract law goes much farther. There are legal as well as accounting ramifications to contracts. This course introduces the law of contracts including contract terminology, the elements of an enforceable contract, different types of contracts, breach of contracts and arbitration. Because most contracts are governed by the legal authoritative regulations found in Article 2 of the Uniform Commercial Code, the relevant Parts 2 and 3 covering the form, formation and readjustment of contracts as well as general obligations and the construction of contracts are included. This basic level course is most beneficial to professionals new to this topic who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this topic.