Business Law : Principles and Cases in the Legal Environment

Name: Business Law : Principles and Cases in the Legal Environment
Price: 25.63 USD
Availability: InStock
ISBN: 9780324153637

ISBN-10: 0324153635

ISBN-13: 9780324153637

Edition: 8th 2004

Authors: Daniel Davidson, Brenda E. Knowles, Lynn M. Forsythe

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Business Law: Principles and Cases in the Legal Environment offers students a readable, rigorous, and practical introduction to the real-world of business law. Students receive not only a thorough explanation of the legal and regulatory issues affecting businesses, but also have the opportunity to apply what they learn to real business situations. All chapters contain outlines, summaries, margin notes, and comprehensive question and problem material. The majority of cases and examples are current, condensed, and presented in the language of the court. An interesting feature includes a 'thread case', applying practical applications to a hypothetical business.

Book details

Edition: 8th
Copyright year: 2004
Publisher: Cengage South-Western
Publication date: 6/9/2003
Binding: Hardcover
Pages: 1312
Size: 8.75" wide x 10.00" long x 2.00" tall
Weight: 5.830
Language: English

Preface	p. xxi
About the Authors	p. xxv
Foundations of Law	p. 1
Introduction to Law	p. 3
What Is the Relationship among Law, Order, and Justice?	p. 4
The Law as an Artificial Language System	p. 6
The Origins of the Law of Business	p. 6
Why Study the Law of Business?	p. 6
What Are the Needs of a Legal System?	p. 7
What Are the Purposes of a Legal System?	p. 8
Jurisprudence	p. 11
Change in the Legal System	p. 14
What Are the Sources of Law in the U.S. Legal System?	p. 15
How Is the Law Classified?	p. 17
Legal Systems in Other Countries	p. 19
The Attorney-Client Relationship	p. 21
Summary	p. 22
Discussion Questions	p. 23
Case Problems and Writing Assignments	p. 23
Business Ethics	p. 27
Ethics and Morality	p. 28
Ethical Theories	p. 29
Consequential and Nonconsequential Principles	p. 29
A Synthesis for Ethical Decision Making	p. 32
The Game Theory of Business	p. 34
The Social Contract Theory	p. 37
The Changing Social Environment	p. 40
Problems with Business Ethics	p. 43
Multinational Ethics	p. 44
A Recommendation for Business	p. 45
Summary	p. 46
Discussion Questions	p. 47
Case Problems and Writing Assignments	p. 48
International Law	p. 53
Business in a Global Village	p. 54
Extraterritoriality: U.S. Laws, International Applications	p. 58
Free Trade Zones	p. 62
The General Agreement on Tariffs and Trade	p. 65
World Trade Organization	p. 66
Uncitral	p. 66
The International Organization for Standardization (ISO)	p. 67
Exports	p. 67
Imports	p. 67
Letters of Credit	p. 68
Information and Technology	p. 69
Nationalization	p. 70
Act of State Doctrine	p. 70
Sovereign Immunity	p. 71
Dispute Resolution	p. 73
Summary	p. 75
Discussion Questions	p. 76
Case Problems and Writing Assignments	p. 76
The American Legal System	p. 81
The American Legal System and Court Jurisdiction	p. 83
The Federal Constitution	p. 84
The Courts and Jurisdiction	p. 89
How to Find the Law	p. 102
Summary	p. 103
Discussion Questions	p. 104
Case Problems and Writing Assignments	p. 104
Constitutional Regulation of Business	p. 107
Historical Perspective	p. 108
Should Government Regulate Business?	p. 108
The Commerce Clause	p. 108
The Equal Protection Clause	p. 114
The Due Process Clause	p. 116
The Takings Clause	p. 118
The First Amendment/Commercial Speech	p. 121
Administrative Agencies	p. 125
Summary	p. 128
Discussion Questions	p. 128
Case Problems and Writing Assignments	p. 129
Dispute Resolution	p. 133
Overview	p. 134
Costs of Litigation	p. 134
The Problem	p. 135
Client's Interview with a Lawyer	p. 136
Investigation of the Facts	p. 137
Negotiation of a Settlement	p. 138
A Civil Suit	p. 139
The Need for Alternatives to a Civil Suit	p. 152
Negotiation	p. 153
Mediation	p. 154
Arbitration	p. 156
Minitrial	p. 161
Rent-a-Judge Trial	p. 161
Small Claims Court	p. 161
Summary	p. 162
Discussion Questions	p. 162
Case Problems and Writing Assignments	p. 163
Torts	p. 167
Objectives of Tort Law	p. 168
Theories of Tort Liability	p. 168
Intentional Torts	p. 169
Negligence	p. 178
Strict Liability	p. 181
Product Liability	p. 182
Tort Liability of Business Entities	p. 184
Summary	p. 185
Discussion Questions	p. 185
Case Problems and Writing Assignments	p. 186
Crimes and Business	p. 191
Why Study Criminal Law?	p. 192
Objectives of Criminal Law	p. 192
The Components of Criminal Responsibilities	p. 194
Seriousness of the Offense	p. 195
Crimes versus Torts	p. 195
Selected Crimes	p. 195
Selected Defenses	p. 204
The Law of Criminal Procedure	p. 205
Summary	p. 210
Discussion Questions	p. 210
Case Problems and Writing Assignments	p. 211
Contracts	p. 215
Introduction to Contract Law and Contract Theory	p. 217
The Importance of Contract Law	p. 218
From Status to Freedom of Contract and Back Again	p. 222
Classifications of Contracts	p. 222
Summary	p. 232
Discussion Questions	p. 233
Case Problems and Writing Assignments	p. 233
Contractual Agreement: Mutual Assent	p. 237
The First Step in Contract Formation	p. 238
Mutual Assent and the Objective Theory of Contracts	p. 238
Offer	p. 238
Acceptance	p. 246
Summary	p. 252
Discussion Questions	p. 253
Case Problems and Writing Assignments	p. 253
Consideration: The Basis of the Bargain	p. 257
The Bargain as a Contract Theory	p. 258
Definition of Consideration	p. 258
Consideration in Special Contexts	p. 261
Absence of Consideration	p. 264
Exceptions to the Bargaining Theory of Consideration	p. 266
Summary	p. 269
Discussion Questions	p. 270
Case Problems and Writing Assignments	p. 270
Contractual Capacity and Reality of Consent	p. 275
Legal Capacity	p. 276
Minors	p. 276
Insane Persons	p. 280
Intoxicated Persons	p. 280
Aliens	p. 281
Convicts	p. 281
Married Women	p. 281
The Requirement of Reality (or Genuineness) of Consent	p. 283
Fraud	p. 283
Misrepresentation	p. 286
Mistake	p. 287
Duress	p. 289
Undue Influence	p. 290
Unconscionability	p. 292
Summary	p. 293
Discussion Questions	p. 294
Case Problems and Writing Assignments	p. 294
Legality of Subject Matter and Proper Form of Contracts	p. 299
The Requirements of Legality of Subject Matter and Proper Form	p. 300
Mala in Se and Mala Prohibita Bargains	p. 300
Agreements That Violate Statutes	p. 301
Agreements That Violate Public Policy	p. 303
Exceptions: Upholding Illegal Agreements	p. 308
The Importance of Form	p. 309
Statute of Frauds	p. 310
Parol Evidence Rule	p. 316
Exceptions to the Parol Evidence Rule	p. 317
Summary	p. 318
Discussion Questions	p. 319
Case Problems and Writing Assignments	p. 319
Contract Interpretation and the Rights of Third Persons	p. 323
Judicial Interpretation	p. 324
The Parol Evidence Rule	p. 325
Addition of Third Parties to the Contract	p. 327
Third-Party Beneficiary Contracts	p. 328
Defining Assignments and Delegations	p. 333
Assignments	p. 333
Delegations	p. 340
Uniform Commercial Code Provisions	p. 342
Summary	p. 342
Discussion Questions	p. 343
Case Problems and Writing Assignments	p. 343
Contractual Discharge and Remedies	p. 347
Termination of the Contract	p. 348
Discharge by Performance	p. 350
Discharge by Agreement of the Parties	p. 351
Discharge by Operation of Law	p. 352
Discharge by Nonperformance	p. 352
Types of Remedies	p. 358
Damages	p. 358
Equitable Remedies	p. 362
Limitations on Remedies	p. 364
Waiver of Breach	p. 364
Summary	p. 365
Discussion Questions	p. 366
Case Problems and Writing Assignments	p. 366
Sales and Leases	p. 371
Formation of the Sales Contract: Contracts for Leasing Goods	p. 373
The Scope of Article 2	p. 375
Forming the Sales Contract	p. 377
Special Rules under Article 2	p. 383
The Scope of Article 2A	p. 384
Contracts for Leasing Goods	p. 385
Contracts for the Sale of Goods in an International Setting	p. 387
Scope of the CISG	p. 388
Summary	p. 392
Discussion Questions	p. 394
Case Problems and Writing Assignments	p. 394
Title and Risk of Loss	p. 399
Title to Goods under Article 2 of the UCC	p. 400
Insurable Interest	p. 404
Risk of Loss under Article 2 of the UCC	p. 404
Special Problems	p. 408
Leases under Article 2A of the UCC	p. 411
Title to Goods under the CISG	p. 412
Risk of Loss under the CISG	p. 412
Standard Shipping Terms	p. 412
Summary	p. 417
Discussion Questions	p. 418
Case Problems and Writing Assignments	p. 418
Performance and Remedies	p. 423
Performance of a Sales Contract	p. 424
Sales under Article 2 of the UCC	p. 424
Seller's Duties	p. 424
Intervening Rights	p. 425
Buyer's Duties	p. 428
Leases under Article 2A of the UCC	p. 430
Sales under the CISG	p. 430
Obligations of the Seller	p. 431
Obligations of the Buyer	p. 432
The Reason for Remedies	p. 432
Seller's Remedies under Article 2	p. 432
Buyer's Remedies under Article 2	p. 435
Modifications	p. 437
Special Problems	p. 437
Statute of Limitations	p. 439
Remedies in Leasing Contracts under Article 2A	p. 439
Remedies under the CISG	p. 439
Summary	p. 443
Discussion Questions	p. 443
Case Problems and Writing Assignments	p. 444
Warranties and Product Liability	p. 449
Express Warranties	p. 451
Implied Warranties	p. 452
Warranty Exclusions	p. 456
Scope of Warranty Protection	p. 458
Statutory Warranty Provisions	p. 459
Product Liability	p. 459
Leases	p. 462
The CISG	p. 463
ISO 9000	p. 463
Summary	p. 464
Discussion Questions	p. 465
Case Problems and Writing Assignments	p. 465
Negotiables	p. 469
Introduction to Negotiables: UCC Article 3 and Article 7	p. 471
Historical Overview	p. 472
The Scope of Article 3	p. 473
Uses of Negotiable Instruments	p. 475
Functions and Forms	p. 481
Paper Containing an Order ("Three-Party" Paper)	p. 481
Paper Containing a Promise ("Two-Party" Paper)	p. 484
The Scope of Article 7	p. 485
Uses and Forms of Documents of Title	p. 487
Summary	p. 489
Discussion Questions	p. 489
Case Problems and Writing Assignments	p. 490
Negotiability	p. 493
Formal Requirements for Negotiability: Article 3	p. 494
Construction and Interpretation: Article 3	p. 508
Requirements for Negotiability: Article 7	p. 508
Summary	p. 509
Discussion Questions	p. 509
Case Problems and Writing Assignments	p. 510
Negotiation and Holders in Due Course/Holders by Due Negotiation	p. 513
Transfer	p. 514
Negotiation	p. 515
Indorsements	p. 516
Holder	p. 521
Holder in Due Course	p. 522
Effect of Holder in Due Course Status	p. 525
The Shelter Provision	p. 531
Statutory Limitations	p. 532
Holder by Due Negotiation	p. 532
Summary	p. 533
Discussion Questions	p. 533
Case Problems and Writing Assignments	p. 534
Negotiables: Liability and Discharge	p. 539
Basic Concepts	p. 540
The Chains of Liability	p. 540
Establishing Liability	p. 542
Types of Liability	p. 548
Special Problems	p. 551
Discharge	p. 555
Summary	p. 558
Discussion Questions	p. 559
Case Problems and Writing Assignments	p. 559
Bank-Customer Relations/Electronic Funds Transfers	p. 563
Basic Concepts	p. 564
The Customer: Rights and Duties	p. 564
The Bank: Rights and Duties	p. 572
Special Problems	p. 573
Funds Transfers: Article 4A	p. 574
Funds Transfers: Electronic Funds Transfers	p. 577
The Expedited Funds Availability Act	p. 579
Check Truncation	p. 579
Transferable Records	p. 580
Summary	p. 580
Discussion Questions	p. 581
Case Problems and Writing Assignments	p. 581
Debtor-Creditor Relations	p. 585
Secured Transactions: Attachment and Perfection	p. 587
The Need for Security	p. 588
Credit Financing and Article 9	p. 588
Scope of Article 9	p. 589
Attachment: The Creation of a Security Interest	p. 594
Perfection	p. 596
Lease Intended as Security	p. 602
Proceeds	p. 605
Summary	p. 605
Discussion Questions	p. 606
Case Problems and Writing Assignments	p. 606
Secured Transactions: Priorities and Enforcement	p. 611
Priorities	p. 612
Conflicting Security Interests	p. 612
Exceptions	p. 613
Conflicts between Security Interests and Liens	p. 619
Conflicts between Security Interests and the Trustee in Bankruptcy	p. 620
Enforcement of the Security Interest	p. 621
Non-Code Remedies	p. 622
Code Remedies	p. 622
Debtors' Rights	p. 629
Secured Parties' Duties	p. 629
Summary	p. 629
Discussion Questions	p. 630
Case Problems and Writing Assignments	p. 630
Other Credit Transactions	p. 635
Letters of Credit	p. 636
Unsecured Credit	p. 637
Installment Loans	p. 643
Credit Cards	p. 644
FTC Consumer Credit Rules	p. 645
Payday Loans	p. 646
Summary	p. 648
Discussion Questions	p. 650
Case Problems and Writing Assignments	p. 650
Bankruptcy	p. 655
Historical Background	p. 656
The Bankruptcy Reform Act (1978)	p. 657
Bankruptcy Amendments and Federal Judgeship Act of 1984	p. 657
The Bankruptcy Reform Act of 1994	p. 658
Liquidation, a "Straight" Bankruptcy	p. 658
The Bankruptcy Proceeding	p. 660
Reorganization Plans	p. 669
Repayment Plans	p. 674
The [Proposed] Bankruptcy Reform Act	p. 681
Bankruptcy in the International Environment	p. 682
Summary	p. 682
Discussion Questions	p. 683
Case Problems and Writing Assignments	p. 684
Agency	p. 689
Agency: Creation and Termination	p. 691
Agency Law and Agency Relationships	p. 692
Restrictions on Creating an Agency Relationship	p. 692
Types of Agency Relationships	p. 693
Servants and Independent Contractors	p. 694
Duties of the Agent to the Principal	p. 698
Duties of the Principal to the Agent	p. 702
Termination of the Agency Relationship	p. 703
Summary	p. 708
Discussion Questions	p. 708
Case Problems and Writing Assignments	p. 709
Agency: Liability for Contracts	p. 713
A Framework for Contractual Liability	p. 714
Imposing Liability on the Principal	p. 714
Disclosed Principal	p. 721
Undisclosed Principal	p. 724
Partially Disclosed Principal	p. 725
Analysis of Agent's Contracts with Third Parties	p. 726
Contract between the Principal and the Agent	p. 727
Summary	p. 731
Discussion Questions	p. 731
Case Problems and Writing Assignments	p. 732
Agency: Liability for Torts and Crimes	p. 737
Servant's Liability	p. 738
Master's Liability: Respondeat Superior	p. 738
Direct Liability of the Principal	p. 744
Negligent Hiring	p. 745
Indemnification	p. 746
Analysis of a Servant's Torts	p. 749
Injury on the Job	p. 749
Summary	p. 751
Discussion Questions	p. 752
Case Problems and Writing Assignments	p. 753
Business Organizations	p. 757
Formation of a Business	p. 759
Selecting a Business Form	p. 760
Historical Overview of Partnerships	p. 760
Partnerships Defined	p. 761
Partnership Property	p. 767
The Partnership Agreement	p. 767
Limited Liability Partnerships	p. 768
Taxation of Partnerships	p. 769
Historical Overview of Corporations	p. 769
Corporate Nature	p. 770
Formation of a Corporation	p. 770
De Jure versus De Facto Corporations	p. 772
Corporate Powers	p. 774
Ultra Vires Acts	p. 774
Taxation of Corporations	p. 774
Disregarding the Corporate Entity	p. 775
Limited Liability Companies	p. 776
Other Types of Business Organizations	p. 780
Summary	p. 782
Discussion Questions	p. 782
Case Problems and Writing Assignments	p. 783
Operation of a Business Organization	p. 787
Operation of a Partnership	p. 788
Rights of the Partners	p. 788
Duties of the Partners	p. 790
Rights of Third Persons Who Deal with Partnerships	p. 791
Operation of a Limited Partnership	p. 792
Operation of a Limited Liability Company	p. 794
Operation of a Corporation	p. 794
Rights of the Shareholders	p. 796
Liabilities of the Shareholders	p. 803
Rights and Duties of the Managers	p. 804
Summary	p. 813
Discussion Questions	p. 814
Case Problems and Writing Assignments	p. 815
Business Terminations and Other Extraordinary Events	p. 819
Termination of a Franchise	p. 820
Termination of a Sole Proprietorship	p. 820
Termination of a Partnership under UPA	p. 820
Dissolution of a Partnership	p. 820
Termination under RUPA	p. 823
Continuation of the Partnership Business	p. 826
Winding Up the Partnership	p. 827
Changes in Corporate Structure	p. 829
Liquidation of the Corporation	p. 829
Dissolution of the Corporation	p. 831
Corporate Merger and Consolidation	p. 832
Sale of Substantially All the Assets	p. 837
Stock Acquisition	p. 838
Termination of a Limited Liability Company	p. 838
Summary	p. 838
Discussion Questions	p. 839
Case Problems and Writing Assignments	p. 840
Franchising	p. 845
The Significance of Franchising as a Business Method	p. 846
Definition	p. 846
Benefits of Franchising	p. 847
Franchising Compared with Other Business Relationships	p. 847
Setting Up the Franchising Relationship	p. 849
Decisional Law and Statutes Affecting Franchising	p. 852
Challenges to Franchising Regulatory Statutes	p. 855
The Franchising Environment	p. 858
Summary	p. 859
Discussion Questions	p. 859
Case Problems and Writing Assignments	p. 860
Securities Regulation	p. 865
Federal Laws	p. 866
State Regulation	p. 886
The Foreign Corrupt Practices Act	p. 887
Summary	p. 890
Discussion Questions	p. 891
Case Problems and Writing Assignments	p. 891
Government Regulation of Business	p. 897
Antitrust Law	p. 899
The Basis of Regulatory Reform	p. 900
The Sherman Antitrust Act	p. 900
The Clayton Act	p. 906
The Federal Trade Commission Act	p. 911
Unfair Trade Practices	p. 914
Exemptions	p. 915
Summary	p. 916
Discussion Questions	p. 916
Case Problems and Writing Assignments	p. 917
Consumer Protection	p. 921
Consumer Credit: The Need for Regulation	p. 922
The Consumer Credit Protection Act	p. 922
The Fair Credit Reporting Act	p. 925
The Equal Credit Opportunity Act	p. 929
The Fair Debt Collection Practices Act	p. 932
The Uniform Consumer Credit Code	p. 934
The Consumer Product Safety Act	p. 937
Summary	p. 937
Discussion Questions	p. 938
Case Problems and Writing Assignments	p. 938
Environmental Protection	p. 943
The Environmental Protection Agency	p. 944
The National Environmental Policy Act	p. 944
Air Pollution	p. 946
Water Pollution	p. 948
Noise Pollution	p. 956
Land Conservation and Pollution	p. 957
Wildlife Conservation	p. 963
Enforcement and Remedies	p. 966
International Aspects	p. 966
Summary	p. 967
Discussion Questions	p. 968
Case Problems and Writing Assignments	p. 968
Labor and Fair Employment Practices	p. 973
Labor	p. 974
Employment	p. 981
Summary	p. 1002
Discussion Questions	p. 1003
Case Problems and Writing Assignments	p. 1003
Property Protection	p. 1007
Real Property and Joint Ownership	p. 1009
Property Rights	p. 1010
Classification of Property	p. 1010
Real Property Defined	p. 1010
Acquisition of Real Property	p. 1013
Protection of Real Property	p. 1015
Rental of Real Property	p. 1021
Legislative Trends	p. 1024
Joint Ownership of Property	p. 1025
Summary	p. 1028
Discussion Questions	p. 1029
Case Problems and Writing Assignments	p. 1029
Personal Property and Bailments	p. 1033
Ownership of Property	p. 1034
Acquisition of Personal Property	p. 1034
Protection of Personal Property	p. 1042
Bailments of Personal Property	p. 1045
Summary	p. 1050
Discussion Questions	p. 1050
Case Problems and Writing Assignments	p. 1050
Intellectual Property, Computers, and the Law	p. 1055
Intellectual Property	p. 1056
Copyrights	p. 1056
Patents	p. 1066
Trademarks	p. 1072
Trade Secrets	p. 1078
Unfair Competition	p. 1081
The Semiconductor Chip Protection Act of 1984	p. 1083
Summary	p. 1084
Discussion Questions	p. 1085
Case Problems and Writing Assignments	p. 1085
Wills, Estates, and Trusts	p. 1093
The Transfer of an Estate	p. 1094
Wills	p. 1094
Requirements for a Valid Will	p. 1096
Testamentary Dispositions and Restrictions	p. 1098
Intestate Succession	p. 1101
Transfer of Business Interests	p. 1102
Probate and Estate Administration	p. 1102
Avoiding Probate	p. 1103
Transfer Taxes	p. 1104
Retirement Plans	p. 1104
Durable Powers of Attorney and Living Wills	p. 1105
Trusts Defined	p. 1106
Express Trusts	p. 1107
Advantages of Trusts	p. 1111
Disadvantages of Trusts	p. 1111
Selection of Trustees and Executors	p. 1111
Duties of Trustees and Executors	p. 1112
Implied Trusts	p. 1113
Summary	p. 1116
Discussion Questions	p. 1116
Case Problems and Writing Assignments	p. 1117
The Constitution of the United States	p. 1
The Uniform Commercial Code	p. 9
Legal Dictionary	p. 139
Case Index	p. 149
Subject Index	p. 153
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