A. Students should be familiar with commercial transactions and how they relate to business operations. For example, how would a manager account for tort concerns in a commercial contract? That is to say if Addy Company ships sprockets to the U.S. from Angola, how might a situation were an employee of a staffing company utilized by Addy commits a battery against an Addy employee be addressed in a commercial contract? Indemnity, termination, damages clauses, etc. come to mind.
B. Students should be able to discuss the ethics of sticking with a commercial agreement or walking away from an agreement. This involves issues of termination and backward deductive analysis regarding a commercial transaction.
Students should know the UCC sale of goods provision and how it operates.
Finally, be prepared to discuss management applications and commercial transactions, such as important points of a commercial agreement.