NEW YORK UNIVERSITY



LEONARD N. STERN SCHOOL OF BUSINESS

NEW YORK UNIVERSITY

Department of Accounting, Taxation and Business Law

|LAW, BUSINESS & SOCIETY (C10.0006) FALL 2007 |

❑ SECTION 05/TTR 9:30am - 10:45pm

❑ LC12

|PROFESSOR KOWAL |

❑ Office: KMC 10-87

❑ Office Hours: T, TR 11:00am – 2:00pm & by appointment

❑ Phone: 212-998-0053

❑ Fax: 212-995-4230

❑ E-Mail: rkowal@stern.nyu.edu

❑ Secretary: Iantha Coleman icoleman@stern.nyu.edu or 998-0048

❑ TA: Karen Kiewe kk1287@nyu.edu

|COURSE DESCRIPTION |

The purpose of this course is to communicate an appreciation of the legal system and how laws are formulated, modified and enforced, and by whom. This course will show students how to think more deeply about the legal system and appreciate the way in which it has evolved and continues to evolve in relationship to business and society. Our overriding objective is to provide students with the opportunity to read clearly think critically and write analytically regarding the law, business and society interface.

|COURSE MATERIALS |

1. Textbook: Managers & The Legal Environment, by Bagley & Savage,

Thomson/West, Fifth Edition.

2. Lexis-Nexis (one of the world’s primary legal databases)

Accessible through NYU’s Bobst Library on line database. Go to the NYU Home page, click on Bobst Library, click on “articles via databases”, under popular databases “click on “Lexis-Nexis”, log on using your NYU Net ID.

|CLASSROOM GUIDELINES |

1. LBS (Law, Business & Society) Partners/Buddies

After a few classes I will ask you to pick an LBS partner/buddy with whom you will do your homework and position paper assignment. You should contact your LBS buddy for handouts and assignments should you miss a class.

1. Attendance

Attendance in every class is extremely important. Attendance will be taken. If you must miss a class, contact me before class by e-mail stating the reason for your absence. It is your responsibility to find out from your LBS partner what materials were covered, what additional assignments were given, and get the class handouts. Excessive absences will lower your final grade in the course.

2. Class Preparation

You should read all of the assigned materials prior to the class session. Be prepared to

discuss any assigned material if called upon during class. Since I frequently call on

students whose hands are not raised, you should let me know before class if you are not

adequately prepared for that class.

3. Seating Chart

Since class participation is important I will try to learn your names as quickly as possible.

Select a seat that you can be comfortable with for seating chart purposes. Please correct

me if I mispronounce your name.

4. Classroom Participation

Classroom participation is very important in this course. I am aware that some of you may be shy about speaking in the classroom. I respect this but strongly encourage you to participate.

5. Examinations

The midterm and final examinations will be non-cumulative and open notes. A make-up exam is allowed only if I am notified prior to the scheduled examination and the appropriate medical or personal documentation is provided. Students who may need special accommodations should see me during office hours.

|Teaching Assistant | | |

|TA: KAREN KIEWE |Office Hours |LOCATION |

|kk1287@nyu.edu | | |

|Karen is a 2nd year law student at NYU Law |TBD |Prof. Kowal’s Office |

|School | |Room 10-87 KMEC Bldg |

|Grading | | | |

|Assignment |Percentage |FORMAT |Due Date |

| |OF GRADE | | |

|Midterm |20% |Multiple choice & Short answer |Oct. 16 |

|Position Paper |20% |5 pages |Nov. 8 |

|Final Exam |20% |Multiple choice |TBD |

|Homework |20% |Varied | |

|Attendance Participation | | | |

|Group Project |20% |Group Paper & Classroom Presentation|Dec. 11 |

| | |4 - 5 students per group | |

|POLICY ON ACADEMIC DISHONESTY |

Academic dishonesty could consist of copying another’s work and submitting it as one's own, failing to attribute credit to a reference source, and copying from another during an exam. Academic dishonesty undermines the school's student code of conduct and is unfair to other students. Instances of academic dishonesty will be referred to the Stern School Discipline Committee.

|COURSE SCHEDULE |

The schedule set forth below is subject to change as the need arises. All changes will be announced in class. If you miss a lecture it is your responsibility to find out about any announced changes. You should ask your LBS buddy pick up a copy of any handouts and share notes that you may have missed. All chapters are in Managers and The Legal Environment textbook.

|COURTS WITH INTEGRITY | | |

|Sept. 4 |Courts, Sources of Law and Litigation |Chapter 3 |

|Sept. 6 |Constitutional Bases for Business Regulation |Chapter 2 |

|INDIVIDUAL RIGHTS | | |

|Sept. 11 |Contracts |Chapter 7 & 8 |

|Sept. 13 |Contracts |Chapter 7 & 8 |

|Sept. 18 |Contracts |Chapter 7 & 8 |

|Sept. 20 |Contracts |Chapter 7 & 8 |

|Sept. 25 |The Employment Agreement |Chapter 12 |

|Sept. 27 |Civil Rights & Employment Discrimination |Chapter 13 |

|Oct. 2 |Torts |Chapter 9 |

|Oct. 4 |Torts |Chapter 9 |

|Oct. 9 |Product Liability |Chapter 10 |

|Oct. 11 |Product Liability |Chapter 10 |

|Oct. 16 |MIDTERM EXAM | |

|PROPERTY RIGHTS | | |

|Oct. 18 |Intellectual Property |Chapter 11 |

|Oct. 23 |Intellectual Property |Chapter 11 |

|Oct. 25 |Real Property & Land Use |Chapter 18 |

| | | |

|BUSINESS RIGHTS FIDUCIARY DUTY | | |

|Oct. 30 |Agency |Chapter 5 |

|Nov. 1 |Forms of Business: Partnership, Limited |Chapter 19 |

| |Partnership, Corporations, Limited Liability | |

| |Companies | |

|Nov. 6 |Forms of Business (continued) |Chapter 19 |

| | | |

|Nov. 8 |Directors, Officers and Controlling Shareholders|Position Paper Due |

| | |Chapter 20 |

| | |omit pp.758-776 |

|FINANCIAL TRANSACTIONS | | |

|Nov. 13 |Public and Private Offerings of Securities |Chapter 22 |

| | |Omit pp.838-847 |

|Nov.15 |Securities Fraud and Insider Trading |Chapter 23 |

|Nov.20 |Criminal Law |Chapter 14 |

|Nov. 22-25 |THANKSGIVING BREAK | |

|Nov. 27 |Criminal Law |Chapter 14 |

|Nov.29 |Debtor-Creditor Relations & Bankruptcy |Chapter 24 |

|Dec. 4 |Debtor-Creditor Relations & Bankruptcy |Chapter 24 |

|Dec.6 |Final Exam Review Session | |

|Dec. 11 |Final Project Due & | |

| |Group Presentations | |

|Dec. 13 |READING DAY | |

|Dec. 14 – Dec. 23 |FINAL EXAMS | |

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