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This textbook emphasizes bridging the gap between understanding legal doctrines that impact the business environment and how business owners and managers use legal insight to limit liability and manage risk. Its distinct approach focuses on using teaching features, simulations, case studies, examples, and case law that is accessible and engaging because it is specifically tailored for business students.
UNIT ONE: Fundamentals of the Legal Environment of BusinessChapter 1: Legal FoundationsDefinitions and Classifications of LawJurisprudence and Theories of LawUnderstanding Law in a Global ContextChapter 2: Business and the ConstitutionOverview and Importance of the U.S. ConstitutionApplying Constitutional Protections to BusinessDue ProcessChapter 3: The American Judicial System, Jurisdiction and VenueRole of the Judiciary in Public Policy and GovernmentTypes and Roles of CourtsHow the Law Develops in the Court SystemJurisdiction and Venue in Business PlanningChapter 4: Resolving Disputes: Litigation and Alternative Dispute Resolution OptionsOverview of Dispute Resolution FundamentalsPhase of Litigation and Trial ProcessAlternatives to LitigationChapter 5: Business, Societal and Ethical Contexts of LawOverview of Business EthicsPrimary and Secondary StakeholdersCorporate Social Responsibility in a Market EconomyLegal Regulation verses Ethical ObligationsEthical Decision-Making and Manager DilemmasUNIT TWO: Law and CommerceChapter 6: Overview and Formation of ContractsHistorical Basis and Function of a ContractDefinition and Types of ContractsSources of LawForming a Contract: Agreement, Consideration and the Statute of FraudsDefenses to Formation: Capacity, Legality and Genuineness of AssentChapter 7: Contract Performance: Conditions, Breach and RemediesNature and Effect of ConditionsGood faith Performance and DischargeBreach of Contract and Anticipatory RepudiationRemedies Third Party RightsChapter 8: Contracts for the Sale of GoodsIntroduction to UCC Article 2Formation of Sales ContractsStatute of FraudsTitle and Risk of LossBreach and Remedies International Sales of GoodsChapter 9: Torts and Product LiabilityTort Law: Introduction, Purpose and Applicability to BusinessIntentional and Competition TortsNegligence and its DefensesAlternate Liability Theories: Product Liability and UCC WarrantiesBusiness Law Simulation for Managers #1: Restrictive Covenants in ContractsNeurology Associates, LLP v. Elizabeth Blackwell, M.D.UNIT THREE: Regulation in the WorkplaceChapter 10: Agency and Employment RelationshipsAgency as a Factor in Business PlanningAgency Relationships: Creation and TerminationLiability for Principals and AgentsFiduciary Duty of AgentsOverview of At-will verses Contract EmployeeImplied Contracts and Employee HandbooksChapter 11: Employment Regulation and Labor LawLabor Unions and Collective BargainingRights of Non-Union EmployeesUnfair Labor Practices Employee Well-being: Protections and Benefits Under Federal and State LawsOSHA and Prevention of Workplace AccidentsChapter 12: Employment DiscriminationOrigins of Federal Ant-discrimination LawsTitle VII of the Civil Rights ActProtected Class MembershipDiscrimination Theories and Defenses Other Anti-Discrimination Laws: Age and DisabilityBusiness Law Simulation for Managers #2: Employment DiscriminationFalstaff v. Revere Furniture CompanyUNIT FOUR: Business Entities, Securities Regulation and Corporate GovernanceChapter 13: Choice of Business Entity, Sole Proprietorships and Partnerships Choosing a Business Entity and Business Planning Objectives Sole Proprietorships General and Limited Partnerships Fiduciary Duties of PartnersChapter 14: Limited Liability Partnerships, Limited Liability Companies and Other Business Arrangements Hybrid Form of Entity Limited Liability Company Limited Liability Partnership Franchises Business TrustsChapter 15: Corporations Corporation as a Legal Entity and Categories of Corporations Limited Liability and Piercing the Corporate Veil Corporate Structure Fiduciary Duties of Officers, Directors and Controlling Shareholders Business Judgment Rule Shareholder suitsChapter 16: Regulation of Securities, Corporate Governance and Financial Markets Overview of the Securities Market Securities Defined Categories of Securities Federal Regulation of Securities The Securities and Exchange Commission Exemptions Fraud and Insider Trading Under Rule 10(b) State Blue Sky Laws Regulation of Corporate Governance and Financial Markets Sarbanes-Oxley Fundamentals Regulation of Financial Corporations and TARPUNIT FIVE: Regulatory Environment of BusinessChapter 17: Administrative Law Administrative Agencies Administrative Oversight Administrative Process Court Challenges Chapter 18: Environmental Law How Environmental Regulation Impacts Business Federal and State Regulatory and Clean Up Schemes Enforcement of Environmental Laws and the Role of Watchdog Groups Regulation of Air Regulation of Water Regulation of Solid Waste and Hazardous MaterialsChapter 19: Antitrust and Regulation of Competition Restraint of Trade defined Horizontal and Vertical Restraints Federal Statutes Regulating Restraint EnforcementChapter 20: Creditors' Rights and Bankruptcy The Federal Bankruptcy Code and Business Individual Options for Bankruptcy Corporation Options for Bankruptcy Alternatives to Bankruptcy Statutory Protections for DebtorsChapter 21: Consumer Protection Law Unfair or Deceptive Sales and Advertising Practices Product Quality and Functionality State Consumer Protection Laws Regulations on Credit Contracts and Debt CollectionChapter 22: Criminal Law and Procedure in Business Overview of Criminal Law and Procedure Liability for Business Crimes: Officers and Managers Defenses to Corporate Criminal Liability Procedural Rights in Criminal CasesChapter 23: Personal Property, Real Property and Land Use Law Fundamentals of Ownership, Property Law and its Importance in Business Real Property verses Personal Property Public Control of Private Land Use and OwnershipChapter 24: Intellectual Property Overview of Intellectual Property Protections Trade Secret Law and other Information Protections Trademarks, Service marks and Trade dress Copyrights Patents Enforcing Intellectual Property Rights AbroadChapter 25: International Law and Global Commerce Sources of International Law National Legal Systems Protections of International Competition and Trade International Courts and Dispute Resolution Understanding the Relationship Between U.S. Law and International Law Differences in Public Policy Objectives: Antitrust, the EU and MicrosoftBusiness Law Simulation for Managers #3: Trademark Law in CyberspaceCool Runnings v. Big Buy.comCapstone Case Study – The Odwalla Juice Company CrisisCapstone Case Study – The McDonald's Game Piece ScandalAppendices:
A) A Business Student's Guide to Understanding Cases and Finding the LawB) The Constitution of the United State of AmericaC) Excerpts from the Uniform Commercial CodeD) Excerpts from the Sarbanes-Oxley Act of 2002