BUS 163 - Credit Management Law

Maximum of 3.0 possible Credits
Introduce contracts and the legal forms of business; the Uniform Commercial Code, Articles 2,3,5,7 and 9; review Anti-Trust and other credit regulations; secured transactions including liens, bond claims; arbitration/mediation; court actions, bankruptcy, management reports, and international trade. Prerequisite: BUS 162 or instructor’s permission. Offered through the National Association of Credit Management (NACM) in partnership with Edmonds Community College. To register, contact the NACM at 206.728.6333.

Course Objectives
Upon completion of this course, students will be able to:

Demonstrate understanding of the purpose and use of the law in credit management. [REASON]
Demonstrate reading and understanding of the basic concepts of the Uniform Commercial Code (Articles dealing with credit transactions. [REASON]
Demonstrate understanding of the basic procedures needed in order to set up a secured credit transaction. [REASON]
Demonstrate understanding of the basic use of the court system, arbitration, and mediation, and bankruptcy in credit management problems. [REASON]