Cost: $200

This course provides an introduction to the law of commercial credit management by examining the general framework of business organizations. The course will examine the various types of business associations, determine liability for debts and obligations of those various types as well as taxing implications of the different business formations. It focuses specifically on the law of business associations with fundamental analysis on the law of agency as foundational to more higher-level and technical areas of law in specific business entities such as partnerships, limited liability companies and most importantly, corporations. It will end with providing an overview of federal and state statutes as well as how to research important judicial cases.

Course Objectives

In this course, students will:

  • Understand agency relationships with potential credit customers to assess the fiduciary position of representatives acting on behalf of others.
  • Identify the various forms of legal business entities.
  • Determine liability for debts and obligations of the various forms of business entities.
  • Analyze ideal business entity forms in the context of credit worthiness given particular factual circumstances.
  • Differentiate federal taxing implications among the various types of business entities.
  • Understand specific parts of the most significant federal and state credit protection statutes including the Fair Debt Collection Practices Act.

Credit Hours

Successful completion of this badge is awarded 1.0 online hours of credit. Workload for completion is based on the expectation that students will spend a minimum of 15 hours in instruction over the length of the badge and an additional 30 hours on preparation, readings, studying, writing, research and other assignments as determined by the badge instructor. Activities will involve working online, participating in asynchronous activities, and other offline work.

Credit Criteria

Credit Hours

Grading Scale: Badge/No Badge

Evaluation: For this badge course, a student must obtain at least an 85% score overall on performance on the six checkpoint quizzes. Schedule of module lessons and quizzes are at the end of this syllabus.


Greg Bordelon

Gregory R. Bordelon

Greg Bordelon teaches full-time at a law school, but was formerly with Wichita State University.  At WSU, he taught the general legal environment of business course (BLAW 431) as well as the sequence on commercial and business law (BLAW 635 and 636).  An exciting course combining law and ethics for MBA students was BLAW 810.  Greg has a passion for teaching and learning, and he feels that people are all life-long learners, and education builds analytical curiosity to not only make people better in and of themselves but also for the societal institutions to which individuals belong.  Education and sharing knowledge is fundamental to good business and good government.