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EDUCATION
is the heart of NACM

Here at NACM, education is the pulse of all we do.
We believe that a good foundation is essential for commercial creditors nationwide.

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NACM Business Law Course

Business Law Online Course

Click here to view the online course schedule.

Course Details

With the legal environment of business constantly changing, it is imperative to have a solid understanding of the laws that affect business and credit. This course is designed to introduce students to the basics of law, the legalities of contracts and the emerging importance placed upon laws affecting cyber crimes.

The course runs approximately 12 weeks and is instructed by a legal professional. Students will receive a course bundle before the start of the session, which include the course textbook, study guide and online component. During the duration of the course, students must take two proctored exams. Upon successfully completing the course with a score of 70% or higher, students will receive a certificate of achievement and will earn course credit toward the CBF designation Business Law requirement.

 

Register for Business Law Course


Earn course credit toward your CBF designation!


Business Law Course Overview

Part I: THE LEGAL ENVIRONMENT OF BUSINESS
  1. The Legal Environment
  2. Constitutional Law
  3. Courts and Alternative Dispute Resolution
  4. Torts and Cyber Torts
  5. Intellectual Property and Internet Law
  6. Criminal Law and Cyber Crime
  7. Ethics and Business Decision Making
Part II: CONTRACTS
  1. Nature and Classification
  2. Agreement
  3. Consideration
  4. Capacity and Legality
  5. Genuineness of Assent
  6. The Statute of Frauds
  7. Performance and Discharge
  8. Breach and Remedies
  9. Third Party Rights
  10. E-Contracts and E-Signatures


 

Work at your own pace independently!

Part III: SALES AND LEASE CONTRACTS
  1. The Formation of Sales and Lease Contracts
  2. Title and Risk of Loss
  3. Performance and Breach of Sales and Lease Contracts
  4. Warranties and Product Liability

FAQs

Do I read chapters; do assignments on an "honor system"?

Yes. The assignments, if any, do not need to be turned in to anyone. Rather, they are there to help you further comprehend the material covered in the assigned readings.

Do I only take exams online?

Yes. The exams are only available online and will be available Monday through Friday during the exam week. Before you begin, your proctor must enter a password, which they receive, via e-mail the week before the exam. You will have 2 hours in which to complete the exam. We do not release any of the questions or answers. The exams are found in the "Lessons" tab. The exams make up your course grade.

What is a proctor?

A proctor is a person who will administer your exams. He or she is responsible for protecting the integrity of the exams and will return the signed proctor sheet to us upon completion of each exam. The proctor may be a supervisor (someone who is not taking the course), human resources representative, Affiliated Association staff member or other responsible party. The proctor may not be a relative, spouse or boyfriend/girlfriend.

 

What if I miss a week due to business travel? Can I catch up?

Since you study at your own speed, missing a week is not a problem. You decide when to catch up. However, exam week is a different story. If you realize that you will not have access to a computer or to your proctor during an exam week, let NACM know right away. We can arrange for you to make-up the exam.

Is the class designed merely for Monday through Friday?

Yes/No. It is true that exams are only offered Monday through Friday. However, students are on their own schedule with readings, assignments and quizzes.

Can I see the questions I got wrong after I take an exam?

No. It is against our policy to release exams, as we reserve the right to reuse exam questions in the future. However, the instructor will provide feedback and study tips