[nalratoss]

I just started REG review during busy season. First subunit ethics in Gleim.

Encountered a lot of technical terms, or in other words, jargon.

Overall not too bad.

However, next subunit Security act of 1933 and 1934, 21 pages

And more BLaw related units in noncorporate business entities, corporations, contracts, agency and regulation, sales and secured transactions, debtor-creditor relationships

I just want to know what’s the best strategy to deal with these memory heavy BLaw subunits?

Is pure memorization the only way?

Thanks.

P.S I decide to give REG an early start on a Sunday during busy season. I will try to let whatever I reviewed sink in. BLaw comes first.

The rest tax heavy subunits will come after my busy season ends 🙂

[Bourne]

I'm in the same boat. Really I've just found MCQ's help decently well and then rewatching the lecture of the topic I'm struggling with. B-law is definitely my weakest area

[aaronmo]

This is sort of weird for me…this is likely the only area of the exam where I had a strong background. I had several years in contracts management and an extensive legal background. Everywhere else I felt like I was at a distinct disadvantage with community college accounting classes, no business courses other than accounting, no experience in tax…etc.

Anyway, fundamentally it's a reading/conceptual area at least as much as it is memorization…sort of like audit. Know the terms, but the key is going to be understanding the why of the different rules, the different entities and the strategy of the rules. You can learn the five/six things that make a contract, and you can memorize how the rules work for a minor turning 18, but the more critical part is to understand the concept of offer/accept. You do have to learn those rules/exceptions…but always relate it back to offer/acceptance. UCC is just expanded contract law in a lot of ways…and knowing that is a good starting point.

Agency…just keep in mind who is ultimately responsible from a risk perspective. Who effectively owned the work stream. It usually makes sense if you think about it risk/reward.

Debtor/creditor is just rules of a road for a process.

Entity differences you should be able to relate back to tax, just with the added liability and rules of the road concepts.

Get the terms…memorize the process like your guide says…but keep in mind the overall concept and strategy to the process. It's legal…which means conceptual frame work. Always relate everything back to risk of loss/liability in this whole area. Agency…contract…shipping terms…partnerships. Fundamentally business law is about who owns liability and profit and when does it transfer.

[Author]

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