Business Law

This course is designed to teach the student about the various legal aspects of business. Module topics include: Law and the Legal Environment, Contracts, and Sales and Lease Contracts. Each one of these topics is broken down into multiple modules to give in-depth instruction. Please click the "Handouts" tab to access the Business Law course syllabus.

18 of the 19 modules have Quizzes after them and you are required to pass at least one of them before the next module unlocks. The two Quizzes after each module have different questions. The correct answer for Quiz questions is the answer which is "most right". Please email education_info@nacm.org if you are unable to pass either one of the Quiz attempts.

Some of our modules include guest speakers that provide additional valuable information to the course. Here are descriptions for our instructor and guest speakers:

Business Law instructor: Rod Wheeland, Wheeland Consulting, LLC: Originally trained as an accountant, Rod became active in executive management and governance in the 1980's. For more than two decades, he served as President & CEO of NACM Commercial Services, one of the most successful trade associations in North America. During his tenure, in addition to the non-profit operations of the trade association and the for-profit operations of the service company, he was involved in mergers and acquisitions and the ownership and management of commercial office buildings. 

Prior to NACM, from 1990-1995, Rod was General Credit Manager for Pendleton Woolen Mills. From 1982-1990, he was a partner in the consulting firm of Dyrnes Wheeland (Portland, Oregon), where he focused on working capital management and effective credit, billing, and accounts receivable practices. 

During the 1980s, Rod began teaching college courses in business credit principles and financial analysis. In recent years, he's added classes on business law and credit law. He continues to enjoy teaching in adult education programs.

Rod has served on several Boards as a Director and as an Officer, including Cascade Employers Association, Oregon Society of Association Management, NACM Oregon and NACM National, and West Willamette Habitat for Humanity.

Rod received the Certified Credit Executive (CCE) designation from the National Association of Credit Management in 1991. He earned the Certified Association Executive (CAE) designation from the American Society of Association Executives in 2007. He has a BA from Eastern Washington University (Spokane) and an MA from York University (Toronto).

Key:

Complete
Failed
Available
Locked
Module 1: The Legal Environment
Open to view video.
Open to view video. In this first module, Rod will teach you about the Legal Environment where he will provide an introduction about the sources of law, the various classifications of law, and the legal systems.
You must register to access.
Module 1 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 1 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 2: Constitutional Law
Open to view video.
Open to view video. In this lesson, Rod will teach you about the three branches of government and specifically what their powers entitle. You will also learn about the First Amendment, due process, and privacy rights.
You must register to access.
Module 2 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 2 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 3: Ethics in Business
Open to view video.
Open to view video. After providing a quick recap of what you have learned so far in this Business Law course, Rod will cover the topic of business ethics. He will provide examples of what it means to make ethical decisions as well as the role that management and leadership plays in these situations. You will learn about corporate values, the culture of a company, and the code of ethics. Please make sure to click on the “Handouts” tab in your course to see the supplemental readings as well.
You must register to access.
Module 3 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 3 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 4: Resolving Business Disputes
Open to view video.
Open to view video. This module will teach you about the process and court system for resolving issues in business. Rod will go over both the State and Federal court systems, as well as the who, what, when, where, and how’s of going to trial. You will learn about options for a defendant, pre-trial information, the role of a jury, the appeal process, and more.
You must register to access.
Module 4 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 4 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 5: Tort Law
Open to view video.
Open to view video. Rod will cover all the aspects of Tort Law which includes the different types of damages, the classifications of torts, and defense strategies.
You must register to access.
Module 5 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 5 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 6: Product Liability
Open to view video.
Open to view video. This lesson will build of the previous module about Tort Law, as it focuses on claims that may involve damage from seller products. Rod will go over the different reasons that a product liability may stem from, including negligence, fraudulent misrepresentation, and strict liability. You will also learn about the defenses to these types of claims.
You must register to access.
Module 6 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 6 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 7: Intellectual Property Rights
Open to view video.
Open to view video. This module will focus on Intellectual Property Rights. Rod will teach you about what types of property are considered intellectual property, and also different forms of trademarks, counterfeit goods, licensing, copyrights, and more.
You must register to access.
Module 7 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 7 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 8: Internet Law, Social Media, and Privacy
Open to view video.
Open to view video. As so much of our daily lives revolves around online information and interactions, protection and privacy are very important. Rod will touch on various aspects of Law in the digital age, which includes copyright infringement, file-sharing technology, online defamation, as well as legal issues in social media and more.
You must register to access.
Module 8 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 8 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 9: Criminal Law and Cyber Crime
Open to view video.
Open to view video. Building off of the previous module, Rod will cover the differences between civil and criminal law, and the offenses that can occur in the digital world. You will learn about cyber crime and cyber terrorism, as well as hacking, identity theft, and the prosecution of these types of crimes
You must register to access.
Module 9 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 9 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 10: Nature and Classification of Contracts
Open to view video.
Open to view video. This lesson will focus on Contract Law, which includes the concept and objectives of this type of law, as you will also learn about the necessary elements of a contract, how to enforce a contract, and more.
You must register to access.
Module 10 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 10 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 11: Agreement
Open to view video.
Open to view video. Rod will focus this module on the “agreement” portion or requirement for a valid contract. You will learn about the first steps to begin any contract and the players involved in this process. Rod will also go on to teach what actions are considered as “acceptance” as well as e-contracts and e-signatures as well.
You must register to access.
Module 11 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 11 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 12: Consideration, Capacity, and Legality
Open to view video.
Open to view video. During this lesson, you will learn about more necessary requirements for a valid contract. Rod will teach you about the adequacy of consideration, promissory estoppel, contractual capacity, and more.
You must register to access.
Module 12 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 12 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 13: Voluntary Consent and the Statute of Frauds
Open to view video.
Open to view video. In this module, Rod will cover contract formation issues. You will learn what can result from a lack of voluntary consent as well as the different elements of fraud which includes misrepresentation, an intent to deceive, justifiable reliance, and injury to the innocent party.
You must register to access.
Module 13 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 13 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 14: Performance & Dishcarge; Breach & Remedies; 3rd Party Rights
Open to view video.
Open to view video. In this lesson, you will learn the most common ways to discharge a contract which includes: by agreement, by mutual rescission, by novation, by accord and satisfaction, and more. Rod will also teach you about the concept of “performance” and the rights of third parties.
You must register to access.
Module 14 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 14 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 15: Formation of Sales & Lease Contracts; Title & Risk of Loss
Open to view video.
Open to view video. In this module you will learn about UCC Article 2, the specificity of a sale and the players involved, as well as the different open terms such as price, payment, delivery, and quantity. Rod will also cover the Statute of Frauds, Passage of Title, Risk of Loss, and more.
You must register to access.
Module 15 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 15 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 16: The Credit Agreement
Open to view video.
Open to view video. As the title suggests, this lesson will focus on the Credit Agreement and more specifically the UCC, sections in the Credit Application, the types of information that are in required and the rules that regulate what you can do with this information, as well as confidentiality, terms & conditions, more.
You must register to access.
Module 16 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 16 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 16A: The Credit Agreement, with Guest Speaker
Open to view video.
Open to view video. In this module, we have a guest speaker, Mr. Michael Brandess who is a Partner at Sugar Felsenthal Grais & Helsinger LLP. Rod will ask Michael some different questions where the topics include late charges, collection fees, alternative dispute resolution, and more.
You must register to access.
Module 17: Credit Application Addenda
Open to view video.
Open to view video. In this lesson, Rod will continue to examine the credit application and the various addenda that are included. You will continue to learn about UCC Article 2, and then move onto different types of leases and guaranties.
You must register to access.
Module 17 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 17 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Module 18: Performance & Breach of Sales & Lease Contracts
Open to view video.
Open to view video. Welcome to the final module of this Business Law course. Rod will cover the rights and duties of both the seller and buyer in a sales or lease contract. You will also learn about certain remedies that the buyer has if a seller breaches the contract, as well as different types of warranties and Laws that cover automobile issues.
You must register to access.
Module 18 Quiz 1
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please take Quiz 2. You may attempt Quiz 2 even if you pass Quiz 1.
You must register to access.
Module 18 Quiz 2
10 Questions  |  1 attempt  |  7/10 points to pass
10 Questions  |  1 attempt  |  7/10 points to pass If you do not score 7/10, please email education_info@nacm.org to ask for additional attempts so that you can continue your course.
You must register to access.
Business Law Certificate
1.00 Course credit  |  Certificate available
1.00 Course credit  |  Certificate available Please download/print this certificate for your records.
You must register to access.