Business Transactions is a 3-L course which focuses upon the processes by which businesses are formed, financed, operated, altered and sold. Unlike a typical business course, the students are involved in simulations. They create documents and receive substantial feedback. They are asked individually to issue-spot in complex fact patterns, and they then analyze the fact patterns as a group. Students receive review and feedback from their peers and from their professor. There is some negotiations practice. At the end of the course, each scholar prepares a reflective paper in which, using the MacCrate skills and values as a guide, the student identifies those skills and values that were addressed in the course, reflects upon the student's own perceived strengths and weaknesses, and discusses how the student plans to cultivate strengths and improve weaknesses. Eligibility: Required DWS course. Course format: simulation. Grading: other (see syllabus), 100%. This course cannot be taken for an S/U grade.