Foundations of Corporate and Commercial Law: CPA REG Prep — PickAClass
★ 2.0 (1) ⏱ 3h 📚 30 lessons 🎧 Audio version

Foundations of Corporate and Commercial Law: CPA REG Prep

Master the essentials of contracts, agency, and business organizations to navigate commercial operations and prepare for the REG section of the CPA exam.

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About this course

Navigating the complex legal landscape of business is essential for aspiring accountants, entrepreneurs, and corporate professionals alike. Understanding how contracts, agency, and employment laws govern daily operations is key to managing risk and succeeding on professional examinations. This text-based course equips you with a foundational understanding of commercial law, specifically tailored to align with the regulatory concepts tested on the CPA exam. You will learn to analyze business scenarios, identify legal liabilities, and apply statutory principles to real-world corporate situations. What you'll learn: - Understand the core principles of contract formation, performance, breach, and remedies in both traditional and digital environments. - Analyze agency relationships, including the duties, liabilities, and authority of agents and principals. - Explore employment law fundamentals, including modern remote work regulations, independent contractor classification, and worker protection statutes. - Examine debtor-creditor relationships, bankruptcy basics, and government regulations that impact business operations. - Identify the legal structures of various business organizations, from sole proprietorships to corporations. - Apply legal reasoning to business scenarios modeled after the REG section of the CPA exam. The course begins with fundamental legal definitions and contract basics, gradually advancing to complex corporate structures, employment standards, and regulatory compliance. Through clear explanations and practical written scenarios, you will build the analytical skills needed to handle commercial legal challenges. This course is designed for beginners, aspiring CPAs, business students, and professionals looking for a clear introduction to commercial law without any prior legal training. Start building your foundational knowledge of business law and take the next step in your professional development today.

Course contents

7 modules · 30 lessons · 3h

1 Foundations of Law and Contract Formation
Understand how a valid legal obligation is created.
5 lessons · 30 min
  1. Introduction and Legal Terminology
    Define the basic concepts of business law and the system of legal sources.
    6 min
  2. Offer and Acceptance
    Identify when a proposal becomes a binding commitment.
    6 min
  3. Consideration
    Understand the element of value exchange required in contracts.
    6 min
  4. Contractual Capacity and Legality
    Evaluate whether the parties have the legal power to enter into an agreement.
    6 min
  5. Defects in Consent
    Analyze how mistake, fraud, or duress render a contract void.
    6 min
2 Performance, Breach, and Digital Contracts
Manage the contract lifecycle and remedies in case of non-performance.
4 lessons · 24 min
  1. Performance and Execution
    Distinguish between perfect performance, substantial performance, and discharge.
    6 min
  2. Breach of Contract
    Identify the types of breach (material vs. minor).
    6 min
  3. Legal and Equitable Remedies
    Calculate monetary damages and understand 'specific performance'.
    6 min
  4. Contracts in the Digital World
    Apply contract rules to e-commerce and electronic signatures.
    6 min
3 Agency Law
Analyze how representatives act on behalf of companies.
4 lessons · 24 min
  1. Agency Creation and Authority
    Distinguish between express, implied, and apparent authority.
    6 min
  2. Agent's Fiduciary Duties
    Examine duties of loyalty, obedience, and care.
    6 min
  3. Principal's Liability
    Understand when the principal is liable for the actions of their agent.
    6 min
  4. Liability to Third Parties
    Analyze contracts entered into by agents for undisclosed principals.
    6 min
4 Modern Employment Law
Navigate labor regulations and employee protections.
4 lessons · 24 min
  1. Employees vs. Independent Contractors
    Use legal tests to correctly classify workers.
    6 min
  2. Remote Work Challenges
    Adapt traditional regulations to the remote work context.
    6 min
  3. Workplace Safety and Protection
    Overview of OSHA, minimum wage, and working hours.
    6 min
  4. Discrimination and Termination
    Understand the basics of 'Title VII' and wrongful termination.
    6 min
5 Debtors, Creditors, and Bankruptcy
Understand debt management and insolvency proceedings.
4 lessons · 24 min
  1. Creditor Rights and Securities
    Explore liens, mortgages, and personal guarantees.
    6 min
  2. Debt Collection Remedies
    Analyze garnishments and other coercive recovery actions.
    6 min
  3. Introduction to Bankruptcy
    Distinguish between liquidation (Ch. 7) and reorganization (Ch. 11).
    6 min
  4. The Bankruptcy Process
    Understand the automatic stay and the order of payment priority.
    6 min
6 Business Organizations and Compliance
Choose and manage the correct legal structure for a business.
5 lessons · 30 min
  1. Sole Proprietorships and Partnerships
    Evaluate the advantages and risks of unlimited liability.
    6 min
  2. Limited Liability Companies (LLC)
    Analyze the hybrid structure between a partnership and a corporation.
    6 min
  3. Corporations
    Understand formation, double taxation, and the corporate veil.
    6 min
  4. Governance and Liability
    Define the roles of shareholders, directors, and officers.
    6 min
  5. Regulation and Antitrust
    Examine the impact of government laws on competition.
    6 min
7 Practical Application and CPA REG
Synthesize knowledge to solve real exam cases.
4 lessons · 24 min
  1. Legal Reasoning for the CPA
    Techniques for deconstructing questions in the REG section.
    6 min
  2. Risk Scenario Analysis
    Identify legal vulnerabilities in a business case.
    6 min
  3. Professional Ethics and Responsibility
    Link business law to the accountant's ethical standards.
    6 min
  4. Final Review and Strategies
    A summary of the key points for professional success.
    6 min
Final project

Legal Audit of a Scaling Startup

You will analyze the case of a tech startup transitioning from a sole proprietorship to a corporation, hiring its first remote employees, and managing bank debt.

What you'll get

  • 📜 Certificate of completion
    Add it to your LinkedIn profile
  • 💬 Personal AI tutor
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  • 🎧 Audio version included
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  • ♾️ Lifetime access
    Come back anytime, no expiry
  • 📱 Phone or computer
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  • 💸 14-day refund
    No questions asked
  • ⚡ Short & focused
    3h of practical content

Certificate of completion

Every course you complete on PickAClass issues a credential like this — original, with its own code, verifiable by URL, and detailed about what was actually demonstrated.

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has successfully demonstrated mastery of
Foundations of Corporate and Commercial Law: CPA REG Prep
Skills demonstrated
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1.2 hrs
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Proficient
1.4 hrs
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Foundations of Corporate and Commercial Law: CPA REG Prep
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Performance detail
Coursework summary
Lessons completed 14 / 14
Practice questions 26 / 28
Assignments submitted 4 (avg 4.5 / 5)
Capstone project Reviewed — 4.6 / 5
Total practice 6.2 hrs
Performance benchmark
Cohort rank Top 12% of 1,625
Time to completion 11 days (median: 22)
Mastery score 91 / 100
Practice-question score 94%
Skill verification Verified Skill Path
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Issued under the academic standards of PickAClass. Skill levels reflect assessed performance against the course's competency rubric. This is an original credential of this platform.

Reviews (1)

Ximena Ruiz MX Verified learner
★ 2 · September 9, 2026

It was a decent course overall. Some parts moved a bit fast for me, but the core concepts were explained well. Good for a foundational understanding.

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