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McGraw-Hill Higher Education
Loose-Leaf: The Legal Environment of Business with Connect Plus / Edition 1

Loose-Leaf: The Legal Environment of Business with Connect Plus / Edition 1

by Sean Melvin

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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.

Product Details

ISBN-13: 9780077971090
Publisher: McGraw-Hill Higher Education
Publication date: 09/28/2014
Product dimensions: 7.80(w) x 10.10(h) x 1.00(d)

Table of Contents

UNIT ONE: Fundamentals of the Legal Environment of Business

Chapter 1: Legal Foundations

Definitions and Classifications of Law

Jurisprudence and Theories of Law

Understanding Law in a Global Context

Chapter 2: Business and the Constitution

Overview and Importance of the U.S. Constitution

Applying Constitutional Protections to Business

Due Process

Chapter 3: The American Judicial System, Jurisdiction and Venue

Role of the Judiciary in Public Policy and Government

Types and Roles of Courts

How the Law Develops in the Court System

Jurisdiction and Venue in Business Planning

Chapter 4: Resolving Disputes: Litigation and Alternative Dispute Resolution Options

Overview of Dispute Resolution Fundamentals

Phase of Litigation and Trial Process

Alternatives to Litigation

Chapter 5: Business, Societal and Ethical Contexts of Law

Overview of Business Ethics

Primary and Secondary Stakeholders

Corporate Social Responsibility in a Market Economy

Legal Regulation verses Ethical Obligations

Ethical Decision-Making and Manager Dilemmas

UNIT TWO: Law and Commerce

Chapter 6: Overview and Formation of Contracts

Historical Basis and Function of a Contract

Definition and Types of Contracts

Sources of Law

Forming a Contract: Agreement, Consideration and the Statute of Frauds

Defenses to Formation: Capacity, Legality and Genuineness of Assent

Chapter 7: Contract Performance: Conditions, Breach and Remedies

Nature and Effect of Conditions

Good faith Performance and Discharge

Breach of Contract and Anticipatory Repudiation


Third Party Rights

Chapter 8: Contracts for the Sale of Goods

Introduction to UCC Article 2

Formation of Sales Contracts

Statute of Frauds

Title and Risk of Loss

Breach and Remedies

International Sales of Goods

Chapter 9: Torts and Product Liability

Tort Law: Introduction, Purpose and Applicability to Business

Intentional and Competition Torts

Negligence and its Defenses

Alternate Liability Theories: Product Liability and UCC Warranties

Business Law Simulation for Managers #1: Restrictive Covenants in Contracts
Neurology Associates, LLP v. Elizabeth Blackwell, M.D.

UNIT THREE: Regulation in the Workplace

Chapter 10: Agency and Employment Relationships

Agency as a Factor in Business Planning

Agency Relationships: Creation and Termination

Liability for Principals and Agents

Fiduciary Duty of Agents

Overview of At-will verses Contract Employee

Implied Contracts and Employee Handbooks

Chapter 11: Employment Regulation and Labor Law

Labor Unions and Collective Bargaining

Rights of Non-Union Employees

Unfair Labor Practices

Employee Well-being: Protections and Benefits Under Federal and State Laws

OSHA and Prevention of Workplace Accidents

Chapter 12: Employment Discrimination

Origins of Federal Ant-discrimination Laws

Title VII of the Civil Rights Act

Protected Class Membership

Discrimination Theories and Defenses

Other Anti-Discrimination Laws: Age and Disability

Business Law Simulation for Managers #2: Employment Discrimination
Falstaff v. Revere Furniture Company

UNIT FOUR: Business Entities, Securities Regulation and Corporate Governance

Chapter 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 Partners

Chapter 14: Limited Liability Partnerships, Limited Liability Companies and Other Business Arrangements

Hybrid Form of Entity

Limited Liability Company

Limited Liability Partnership


Business Trusts

Chapter 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 suits

Chapter 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


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 TARP

UNIT FIVE: Regulatory Environment of Business

Chapter 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 Materials

Chapter 19: Antitrust and Regulation of Competition

Restraint of Trade defined

Horizontal and Vertical Restraints

Federal Statutes Regulating Restraint


Chapter 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 Debtors

Chapter 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 Collection

Chapter 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 Cases

Chapter 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 Ownership

Chapter 24: Intellectual Property

Overview of Intellectual Property Protections

Trade Secret Law and other Information Protections

Trademarks, Service marks and Trade dress



Enforcing Intellectual Property Rights Abroad

Chapter 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 Microsoft

Business Law Simulation for Managers #3: Trademark Law in Cyberspace
Cool Runnings v. Big

Capstone Case Study – The Odwalla Juice Company Crisis

Capstone Case Study – The McDonald's Game Piece Scandal


A) A Business Student's Guide to Understanding Cases and Finding the Law

B) The Constitution of the United State of America

C) Excerpts from the Uniform Commercial Code

D) Excerpts from the Sarbanes-Oxley Act of 2002

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