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PLG 276 Business Entities

This course studies the legal requirements to draw up articles of incorporation, minutes, by-laws, and other corporate documents pertaining to partnership agreements, limited liability companies, promissory notes, security agreements, and sales contracts.

Credits

3

Prerequisite

Prerequisites: SSC 100 or concurrent

See Course Syllabus

Course Number and Title:

PLG 276 Business Entities

Campus Location

  • Dover
  • Georgetown

Prerequisites

Prerequisites: SSC 100 or concurrent

Course Credits and Hours

3 credit(s)

3 lecture hours/week

0 lab hours/week

Course Description

This course studies the legal requirements to draw up articles of incorporation, minutes, by-laws, and other corporate documents pertaining to partnership agreements, limited liability companies, promissory notes, security agreements, and sales contracts.

Required Text(s)

Obtain current textbook information by viewing the campus bookstore - https://www.dtcc.edu/bookstores online or visit a campus bookstore. Check your course schedule for the course number and section.

Core Course Performance Objectives (CCPOs)

  1. Describe the elements of a contract, and apply those elements to sample cases. (CCC 1, 2; PGC 4, 5)
  2. Identify the distinguishing features of principal-agent relationships. (CCC 1, 2; PGC 5)
  3. Describe the rights, duties, powers, and liabilities of partners to each other and to third parties. (CCC 1, 2; PGC 4, 5)
  4. Prepare documents for the creation of various business entities under Delaware law acceptable for review by a supervising attorney. (CCC 1, 2, 5; PGC 2, 4, 5)
  5. Describe the rights, duties, powers, and liabilities of a corporation. (CCC 1; PGC 5)
  6. Prepare corporate documents in accordance with corporate law. (CCC 1, 2, 5; PGC 2, 4, 5)

See Core Curriculum Competencies and Program Graduate Competencies at the end of the syllabus. CCPOs are linked to every competency they develop.

Measurable Performance Objectives (MPOs)

Upon completion of this course, the student will:

  1. Describe the elements of a contract, and apply those elements to sample cases.
    1. List the requirements of a valid contract.
    2. Identify elements in sample cases that would make a contract valid, void, voidable, illegal, or unenforceable.
  2. Identify the distinguishing features of principal-agent relationships.
    1. Define concept of agency.
    2. Describe who may serve as a principal and an agent.
    3. Discuss ways the principal-agent relationship is created.
    4. Identify the obligations of an agent to the principal and a principal to an agent.
    5. Explain how the principal-agent relationship is terminated.
  3. Describe the rights, duties, powers, and liabilities of partners to each other and to third parties.
    1. Define partnership.
    2. List and define types of partners and partnerships.
    3. Explain the elements generally found in a partnership agreement.
    4. Discuss the rights and duties of the partners.
    5. Explain the liability of partners in the relationship.
    6. Explain the process of dissolution of the partnership.
  4. Prepare documents for the creation of various business entities under Delaware law acceptable for review by a supervising attorney.
    1. Draft a properly executed partnership agreement.
    2. Identify elements of an improperly executed partnership agreement.
  5. Describe the rights, duties, powers, and liabilities of a corporation.
    1. Discuss how a corporation is formed in the State of Delaware.
    2. Define the rights and liabilities of stockholders.
    3. Describe the powers and duties of directors and of officers.
    4. Explain how and when a corporation is terminated.
  6. Prepare corporate documents in accordance with corporate law.
    1. Prepare articles of incorporation suitable for filing.
    2. Prepare corporate documents in compliance with state law.

Evaluation Criteria/Policies

The grade will be determined using the Delaware Tech grading system:

90-100 = A
80-89 = B
70-79 = C
0-69 = F
Students should refer to the Catalog/Student Handbook for information on the Academic Standing Policy, the Academic Integrity Policy, Student Rights and Responsibilities, and other policies relevant to their academic progress.

Final Course Grade

Calculated using the following weighted average

Evaluation Measure

Percentage of final grade

Summative: Tests (2 tests) (equally weighted)

20%

Summative: Mid Term Exam

15%

Summative: Final Exam

25%

Formative: Practical Writing Assignments

30%

Formative: Homework and Participation

10%

TOTAL

100%

Program Graduate Competencies (PGCs are the competencies every graduate will develop specific to his or her major)

PLGAASPLG

  1. Explain the present and potential role of the paralegal within the legal system.
  2. Produce documents necessary for a functioning law office.
  3. Comply with the profession's Code of Ethics within the legal system.
  4. Use a range of research methods and information necessary to complete a variety of legal activities.
  5. Apply acquired knowledge of legal specialty areas in the workplace.

Core Curriculum Competencies (CCCs are the competencies every graduate will develop)

  1. Apply clear and effective communication skills.
  2. Use critical thinking to solve problems.
  3. Collaborate to achieve a common goal.
  4. Demonstrate professional and ethical conduct.
  5. Use information literacy for effective vocational and/or academic research.
  6. Apply quantitative reasoning and/or scientific inquiry to solve practical problems.

Students in Need of Accommodations Due to a Disability

We value all individuals and provide an inclusive environment that fosters equity and student success. The College is committed to providing reasonable accommodations for students with disabilities. Students are encouraged to schedule an appointment with the campus Disabilities Support Counselor to request an accommodation needed due to a disability. The College's policy on accommodations for persons with disabilities can be found in the College's Guide to Requesting Academic Accommodations and/or Auxiliary Aids Students may also access the Guide and contact information for Disabilities Support Counselors through the Student Resources web page under Disabilities Support Services, or visit the campus Advising Center.

Minimum Technology Requirements

Minimum technology requirements for online, hybrid, video conferencing and web conferencing courses.

Academic Integrity

https://dtcc.smartcatalogiq.com/Current/Catalog/Academics/Academic-Integrity

Attendance

https://dtcc.smartcatalogiq.com/Current/Catalog/Search?q=attendance

Cell phone/Electronic Device

https://dtcc.smartcatalogiq.com/Current/Catalog/Student-Policy/Cell-Phone-and-Electronic-Device-Policy

Tuition Adjustment Policy

https://dtcc.smartcatalogiq.com/Current/Catalog/Financial/Tuition-Fee-Adjustment-Policy-Course-or-Semester-Withdrawal