Official Course Description: MCCCD Approval: 03/24/92
LAS206 19926-19945	LEC	3 Credit(s)	3 Period(s)
Business Law (UCC)
Examination of legal contracts and sales contracts under the Uniform Commercial Code (UCC), and other UCC provisions covering Commercial Paper, Secured Transactions, Documents of Title, Letters of Credit, and bank deposits and collections. Prerequisites: None.
Cross-References: GBS206

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MCCCD Official Course Competencies:
LAS206   19926-19945	Business Law (UCC)

1.	Identify the origins of real estate law. (I)
2.	Describe what is included in the term "real property." (II)
3.	Use legal descriptions of property. (III)
4.	Describe property interests. (IV)
5.	Identify various types of deeds and describe the legal requirements of a valid deed. (V)
6.	Compare and contrast actual notice with constructive notice. (VI)
7.	Discuss the legal requirements of a contract for the sale of real estate. (VII)
8.	Explain the various ways in which property can be held and describe the rights of co-owners. (VIII)
9.	Describe the various forms of real estate encumbrances. (IX)
10.	Describe security interests in real property. (X)
11.	Explain private controls on real estate. (XI)
12.	Explain public controls on real estate. (XII)
13.	Analyze the legal implications of the landlord-tenant relationship. (XIII)
14.	Describe the tax consequences of owning real property. (XIV)
15.	Discuss the duties, powers and liabilities of a real estate broker. (XV)
16.	Identify the ethical issues presented for attorneys and paralegals in real estate law. (VII, VIII, XIII, XV)

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MCCCD Official Course Outline:
LAS206   19926-19945	Business Law (UCC)

I. Origins of real estate law A. Common Law B. Federal statutes C. State statutes D. Recent court decisions II. What is included in "real property" A. Minerals, oil, gas, air, trees and crops B. Fixtures III. Legal Descriptions of Real Estate A. Metes and bounds B. Government survey 1. Meridians and baselines 2. Townships and sections C. Plats IV. Property interests A. Bundle of rights concept B. Fee simple C. Reversions and remainders D. Estates for years E. Contingent and vested estates V. Deeds A. Quitclaim deeds B. Warranty deeds C. Special warranty deeds D. Requirements for a valid deed E. Acknowledgement of deeds F. Abstracts G. Certificates of title H. Torrens system I. Title insurance VI. Notice A. Constructive Notice B. Actual Notice VII. Contracts for the sale of real estate A. Written contract required B. Marketability of title C. Contingencies D. Possession and rents E. Risk of loss F. Assignment of rights under the contract G. Installment contracts H. Remedies for breach VIII. Real estate ownership A. Co-ownership 1. Joint tenancy 2. Tenancy by the entireties 3. Tenants in common 4. Community property B. Partition C. Rights and obligations of co-owners D. Rights of unmarried cohabitants IX. Real estate encumbrances A. Nonconsentual liens B. Consentual liens C. Homestead X. Real estate as security A. Mortgages B. Deeds of trust C. Agreements for sale XI. Private real estate controls A. Reservations B. Easements and licenses C. Covenants D. Adverse possession XII. Public real estate controls A. Zoning B. Building codes C. Subdivision laws D. Condemnation E. Nuisance XIII. Landlord - tenant A. Common Law obligations B. Statutory obligations C. Forcible entry and detainer D. Destaint for Rent E. Lease requirements F. Liability of Landlord and Tenant XIV. Real estate taxes, assessments and the Internal Revenue Service (IRS) A. Taxing authority B. Assessment of taxes C. Special assessments D. Federal income tax implications XV. The real estate broker A. Duty B. Agency C. Commissions

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