Business Law - Level 2

Badge holder demonstrated understanding of business’s responsibility to know, abide by, and enforce laws and regulations that affect business operations and transactions. Skills and concepts assessed include: foundational knowledge of business laws and regulations, the civil foundations of the legal environment of business, the regulatory environment of United States’ businesses, knowledge of business ownership, and knowledge of commerce laws and regulations.

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Instructional Area: Business Law (BL)

Standard: Understands business's responsibility to know, abide by, and enforce laws and regulations that affect business operations and transactions

Performance Element: Acquire foundational knowledge of business laws and regulations to understand their nature and scope.

Performance Indicators:
Comply with the spirit and intent of laws and regulations (BL:163, LAP-BL-163) (CS)
Discuss the nature of law and sources of law in the United States (BL:067) (SP)
Describe the United States' judicial system (BL:068) (SP)
Describe methods used to protect intellectual property (BL:051) (SP)
Describe legal issues affecting businesses (BL:001) (SP)

Performance Element: Understand the civil foundations of the legal environment of business to demonstrate knowledge of contracts.

Performance Indicators:
Identify the basic torts relating to business enterprises (BL:069) (SP)
Describe the nature of legally binding contracts (BL:002) (SP)

Performance Element: Explore the regulatory environment of United States' businesses to understand the diversity of regulations.

Performance Indicators:
Describe the nature of legal procedure (BL:070) (SP)
Discuss the nature of debtor-creditor relationships (BL:071) (SP)
Explain the nature of agency relationships (BL:072) (SP)
Discuss the nature of environmental law (BL:073) (SP)
Discuss the role of administrative law (BL:074) (SP)

Performance Element: Apply knowledge of business ownership to establish and continue business operations.

Performance Indicators:
Explain types of business ownership (BL:003, LAP-BL-001) (CS)

Performance Element: Acquire knowledge of commerce laws and regulations to continue business operations.

Performance Indicators:
Explain the nature of import/export law (BL:145) (SP)
Describe the nature of customs regulations (BL:126) (SP)