Utah Business Law and Contracts
6 Hour Course — Online Video & Narration
6 Hours of Continuing Education — UT #6700
Utah Business Law and Contracts
This six hour course fulfills the continuing education requirements as outlined by R156-55a-303b Continuing Education Standards. The first three hours concentrate on “Core” topics important to the everyday running of a successful construction business. This especially includes lien laws, tax and labor laws, and insurance responsibilities, in particular Workers’ Compensation. The second three hours explains the principles of contract law and the important elements of a home building and remodeling contract. This portion of the course falls under “Professional” credit.
Learning objectives are provided to facilitate student understanding and progress. Informal progress checks throughout the module help students review and measure their understanding of the material. Chapter assessments measure understanding of the material. Students must answer 70% of the questions correctly in order to receive credit/certification for the course.
Chapter 1 – Utah Residence Lien Restriction and Lien Recovery Act
*Learning Objectives: 1) Explain how lien laws protect the rights and interests of both the builder and the consumer 2) Define what a lien is, as well as how and when a lien should be filed 3) Understand the rules surrounding Residence Lien Restriction & Lien Recovery Fund Act.
A. What is a lien and who is entitled to file?
Chapter 2 – Tax Laws
*Learning Objectives: 1) Understand and describe the basic payroll and tax responsibilities of an employer. 2) Understand state tax specifics, especially as they relate to the construction industry.
A. Federal Taxes: EINs, Business taxes, Employment taxes
Chapter 3 – Labor Laws
*Learning Objectives: 1) Describe the important aspects of Labor Law, including the Fair Labor Standards Act, which establishes standards for minimum wages and child labor 2) Outline the interviewing and hiring process.
A. Hiring, Documentation and recordkeeping
Chapter 4 – Workers’ Compensation
*Learning Objectives: 1) Identify the laws and regulations of Utah Workers’ Compensation 2) Understand the process of claim reporting 3) Explain the best ways to manage workers’ compensation costs.
A. Workers’ Compensation overview, responsible state entities, four components of WC: medical expenses, disability pay, vocational rehabilitation and benefits to dependents.
Chapters 1 through 4 are in narrated text format. Chapters 5 through 9 are in video with supporting narrated text.
Chapter 5 – Contract Rules and Elements
*Learning Objectives: 1) Understand contractual law when making agreements 2) Recognize why clarity of the contract language is so important 3) Learn the basic elements of a contract.
A. Contractor law
Chapter 6 – Contract Types
*Learning Objectives: 1) Describe what other documents should be included with a contract 2) Define and describe the basic terms related to contracts 3) Understand what constitutes a fixed price, unit price or cost-plus-fee contract, and what the differences are.
A. Contract Documents: bid documents, special conditions, drawings, addenda
Chapter 7 – Offer and Acceptance
*Learning Objectives: 1) Describe “capacity” and how it may affect an agreement 2) Identify what makes an offer valid and what constitutes an adequate acceptance 3) Know what conditions may apply to a contract.
A. Capacity: definition, determination
Chapter 8 – Consideration
*Learning Objectives: 1) Understand mutuality of obligation in terms of consideration 2) Identify who and what agents represent 3) Describe delegation and assignment of responsibilities 4) Understand the concept of a “reasonable person”.
A. Consideration: Mutuality of obligations, who gives what
Chapter 9 – Breach of Contract
*Learning Objectives: 1) Understand how the statute of limitations for malpractice and the statute of repose works for contractors 2) Identify the positive and negative forms of contracts 3) Appreciate the need to read the entire document and get all agreements in writing.
A. Buyer Beware!
Course instructors will be available by email or telephone between 9am and 5pm Eastern Standard Time. They will assist you with questions regarding course content.
If you have any questions, please call us at 1-800-727-7104 or send an email to firstname.lastname@example.org. Email responses will usually be returned promptly, but guaranteed within one business day.
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