The business law course
Hi everyone,
The business law course has provided me with the basics of laws that govern business and has made me a more informed consumer and citizen. I have learned several things that I will highlight in this post. To begin with, I learned that one could sue for anything, but that does not mean that the case has any real merit. Second, the process of going through the court system is expensive and time-consuming. A case can take months and even years for it be heard and even more time before a conclusion is reached plus the exorbitant fees charged by lawyers. Thirdly, I learnt that not all contracts are enforceable. For example, a contract between two parties that are doing illegal transactions. Fourthly, contracts are negotiable, which made me realize that I have got more power as a consumer that I thought. In regards to contracts, I have learned that it is crucial to know what you are getting yourself into before signing are accepting the terms of the agreement. The course has made me realize that attention to detail is critical. For example, not many of us pay attention to binding arbitration clauses that we sign when we receive services such as getting a credit card. Did you know that by signing the binding arbitration clause, you are signing your rights away? The binding arbitration clause and the fact that one does not have to be a lawyer to make an enforceable contract was my wow factor because I was not aware of before. As we come to the end of the course, congratulations to everyone and thank you for your support and for sharing ideas. Also, I want to acknowledge our instructor for guidance and for timely and positive feedback. I wish everyone the best as you pursue your dreams. Thank you