Business Law (MNG112, LT)

Course description

The course is designed as an introduction to the LEGAL environment of business , thus it concentrates on the basic principles and the core concepts rather than analysis of the legal rules, covering in more detail only those, which are vital for every practitioner in the field.

Course objective

To enable the student to develop an understanding of the legal framework of business, to develop an understanding of the purpose and logic of the law, to develop a vocabulary which will be helpful in the future and to develop a general knowledge of how the law affects the business world.

Learning outcomes

  • Trace the development of Lithuanian legal system.
  • Define the laws most affecting the legal environment of business.
  • Identify sources and division of law, structure of the courts, and general practice and procedure of the courts and governmental agencies.
  • Define the advantages and disadvantages of various business forms.
  • Recognize the international legal environment of business in a global economy.
  • Analyse and resolve case situations as it pertains to the business environment.