When you own property, -whether that property is real estate, a car or bicycle...many legal issues can arise. As an attorney who represented an insurance company and its insureds, I have had many people unaware of how important it is to understand the liabiity issues inherent in property ownership. If you are sued, can someone "get" your assets as payment for their damages? If you open a business, are those assets part of the business? What happens if an employee drives the company truck and gets in an accident? What happens to your property when you die?

This module will highlight legal issues pertaining to the use or ownership of personal and real property in the business world. Here is an informative article on how important zoning considerations are when contemplating a home business. http://www.entrepreneur.com/article/38884

You will apply all the topics covered thus far into Milestone/Case Study 1 which is due this week! Be sure to set aside sufficient time to complete this paper.

In this assignment we meet Fred who is well known in his town for his homeopathic cough syrup. After years of encouragement, he has decided to take his miracle cough remedy to market as "Fred's Miracle Cough Syrup." While his cough syrup is homeopathic, one of the key ingredients causes a severe reaction when taken in conjunction with aspirin. Fred plans to make and bottle his cough syrup in an outbuilding on the family farm. Your job is to identify and discuss the various legal issues presented thus far in this Case Study. I am not looking for a "right" answer - instead focus on identifying the relevant law and how it might be applied in this instance. Feel free to discuss more than one option or potential outcome. The point is to simply explore the issue as best as possible.