Essentials of Business Law 6th Edition

Cover......Page 2
Contents: Overview......Page 16
Contents......Page 22
Preface......Page 125
Unit 1: The Legal Environment......Page 138
Chapter 1: Introduction to Law......Page 139
1-1 Exploring the Law......Page 140
1-2 Sources of Contemporary Law......Page 147
1-3 Classifications......Page 158
1-4 Jurisprudence......Page 163
1-5 Working with the Book\'s Features......Page 165
Exam Review......Page 178
Multiple-Choice Questions......Page 180
Case Questions......Page 181
Discussion Questions......Page 183
Chapter 2: Ethics and Corporate Social Responsibility......Page 187
2-1 Why Study Ethics?......Page 190
2-2 Theories of Ethics......Page 200
2-3 Ethics Traps......Page 210
2-4 Reacting to Unethical Behavior......Page 229
2-5 Applying the Principles......Page 235
Exam Review......Page 248
Multiple-Choice Questions......Page 251
Case Questions......Page 253
Discussion Questions......Page 255
Chapter 3: International Law......Page 260
3-2 Actors in International Law......Page 262
3-3 The World\'s Legal Systems......Page 275
3-4 Sources and Applicability of International Law......Page 284
Chapter Conclusion......Page 311
Exam Review......Page 313
Multiple-Choice Questions......Page 316
Case Questions......Page 318
Discussion Questions......Page 320
Chapter 4: Common Law, Statutory Law, and Administrative Law......Page 322
4-1 Common Law......Page 323
4-2 Statutory Law......Page 329
4-3 Administrative Law......Page 361
Exam Review......Page 383
Multiple-Choice Questions......Page 387
Case Questions......Page 389
Discussion Questions......Page 390
Chapter 5: Constitutional Law......Page 392
5-1 Who Will Have Power?......Page 394
5-2 Protected Rights......Page 412
Exam Review......Page 443
Multiple-Choice Questions......Page 449
Discussion Questions......Page 451
Chapter 6: Dispute Resolution......Page 453
6-1 Court Systems......Page 455
6-2 Before Trial......Page 496
6-3 The Anatomy of a Trial and Appeal......Page 520
6-4 Alternative Dispute Resolution......Page 537
Exam Review......Page 541
Multiple-Choice Questions......Page 544
Case Questions......Page 546
Discussion Questions......Page 548
Chapter 7: Crime......Page 549
7-1 Criminal Procedure......Page 551
7-2 Crimes That Harm Businesses (and Their Customers)......Page 582
7-3 Crimes Committed by Business......Page 594
Exam Review......Page 609
Multiple-Choice Questions......Page 614
Case Questions......Page 616
Discussion Questions......Page 618
Chapter 8: Intentional Torts and Business Torts......Page 621
8-1 Intentional Torts......Page 627
8-2 Damages......Page 650
8-3 Business Torts......Page 666
Exam Review......Page 676
Multiple-Choice Questions......Page 679
Case Questions......Page 681
Discussion Questions......Page 683
Chapter 9: Negligence, Strict Liability, and Product Liability......Page 686
9-1 Negligence......Page 687
9-2 Strict Liability and Product Liability......Page 734
Exam Review......Page 749
Multiple-Choice Questions......Page 753
Case Questions......Page 756
Discussion Questions......Page 758
Chapter 10: Privacy and Internet Law......Page 760
10-1 Privacy in a Digital World......Page 762
10-2 The Law of Privacy......Page 766
10-3 Regulation in the Digital World......Page 790
Exam Review......Page 806
Multiple-Choice Questions......Page 811
Case Questions......Page 813
Discussion Questions......Page 815
Chapter 11: Introduction to Contracts......Page 818
11-1 Contracts......Page 819
11-2 Sources of Contract Law......Page 836
11-3 Enforcing Non-Contracts......Page 842
Exam Review......Page 853
Multiple-Choice Questions......Page 858
Case Questions......Page 859
Discussion Questions......Page 863
Chapter 12: The Agreement: Offers and Acceptances......Page 865
12-1 Offer......Page 866
12-2 Acceptance......Page 894
Chapter Conclusion......Page 908
Exam Review......Page 910
Multiple-Choice Questions......Page 913
Case Questions......Page 916
Discussion Questions......Page 918
Chapter 13: Consideration......Page 919
13-1 What Is Consideration?......Page 921
13-2 Special Consideration Cases......Page 944
Exam Review......Page 955
Multiple-Choice Questions......Page 958
Case Questions......Page 960
Discussion Questions......Page 962
Chapter 14: Legality......Page 965
14-1 Contracts That Violate a Statute......Page 966
14-2 Contracts That Violate Public Policy......Page 976
Exam Review......Page 1000
Multiple-Choice Questions......Page 1004
Case Questions......Page 1006
Discussion Questions......Page 1008
Chapter 15: Voidable Contracts: Capacity and Consent......Page 1010
15-1 Capacity......Page 1012
15-2 Reality of Consent......Page 1022
Exam Review......Page 1048
Multiple-Choice Questions......Page 1052
Case Questions......Page 1056
Discussion Questions......Page 1057
Chapter 16: Written Contracts......Page 1059
16-1 The Common Law Statute of Frauds: Contracts That Must Be in Writing......Page 1060
16-2 The Common Law Statute of Frauds: What Is a \"Writing\"?......Page 1073
16-3 The UCC\'s Statute of Frauds......Page 1079
16-4 Parol Evidence......Page 1086
Exam Review......Page 1092
Multiple-Choice Questions......Page 1095
Case Questions......Page 1097
Discussion Questions......Page 1099
Chapter 17: Third Parties......Page 1100
17-1 Third Party Beneficiary......Page 1102
17-2 Assignment and Delegation......Page 1110
Exam Review......Page 1144
Multiple-Choice Questions......Page 1147
Case Questions......Page 1149
Discussion Questions......Page 1151
Chapter 18: Contract Termination......Page 1154
18-1 Performance......Page 1155
18-2 Non-Performance......Page 1179
Exam Review......Page 1189
Multiple-Choice Questions......Page 1193
Case Questions......Page 1195
Discussion Questions......Page 1199
Chapter 19: Remedies......Page 1200
19-1 Identifying the \"Interest\" to Be Protected......Page 1201
19-2 Expectation Interest......Page 1204
19-3 Reliance Interest......Page 1220
19-4 Restitution Interest......Page 1227
19-5 Equitable Interest and Remedies......Page 1232
19-6 Special Issues......Page 1237
Exam Review......Page 1242
Multiple-Choice Questions......Page 1245
Case Questions......Page 1247
Discussion Questions......Page 1249
Chapter 20: Practical Contracts......Page 1252
20-1 Creating a Contract......Page 1254
20-2 The Structure of a Contract......Page 1275
Exam Review......Page 1298
Multiple-Choice Questions......Page 1303
Discussion Questions......Page 1305
Chapter 21: Introduction to Sales......Page 1308
21-1 Development and Scope of the UCC......Page 1310
21-2 UCC Basics......Page 1317
21-3 UCC Contract Formation......Page 1323
Exam Review......Page 1374
Multiple-Choice Questions......Page 1378
Case Questions......Page 1379
Discussion Questions......Page 1381
Chapter 22: Ownership, Risk, and Warranties......Page 1384
22-1 Legal Interest and Title......Page 1386
22-2 Risk of Loss......Page 1400
22-3 Warranties......Page 1434
Exam Review......Page 1456
Multiple-Choice Questions......Page 1461
Case Questions......Page 1463
Discussion Questions......Page 1466
Chapter 23: Performance and Remedies......Page 1468
23-1 Rights and Obligations of Contracting Parties......Page 1470
23-2 Remedies of Contracting Parties......Page 1493
Exam Review......Page 1514
Multiple-Choice Questions......Page 1521
Case Questions......Page 1523
Discussion Questions......Page 1524
Unit 5: Additional CPA Topics......Page 1527
Chapter 24: Secured Transactions......Page 1528
24-1 Article 9: Terms and Scope......Page 1529
24-2 Attachment of a Security Interest......Page 1536
24-3 Perfection......Page 1542
24-4 Protection of Buyers......Page 1567
24-5 Priorities among Creditors......Page 1585
24-6 Default and Termination......Page 1594
Exam Review......Page 1605
Multiple-Choice Questions......Page 1612
Case Questions......Page 1614
Discussion Questions......Page 1615
Chapter 25: Creating a Negotiable Instrument......Page 1617
25-1 Negotiable Instruments......Page 1618
25-2 Holder in Due Course......Page 1645
Chapter Conclusion......Page 1667
Exam Review......Page 1670
Multiple-Choice Questions......Page 1674
Case Questions......Page 1676
Discussion Questions......Page 1678
Chapter 26: Liability for Negotiable Instruments......Page 1681
26-1 Introduction......Page 1682
26-2 Signature Liability......Page 1690
26-3 Warranty Liability......Page 1706
26-4 Other Liability Rules......Page 1726
26-5 Discharge......Page 1736
Exam Review......Page 1742
Multiple-Choice Questions......Page 1747
Case Questions......Page 1749
Discussion Questions......Page 1751
Chapter 27: Accountants\' Liability......Page 1753
27-1 Introduction......Page 1756
27-2 Liability to Clients......Page 1766
27-3 Liability to Third Parties......Page 1774
27-4 Criminal Liability......Page 1792
27-5 Other Accountant-Client Issues......Page 1794
Exam Review......Page 1796
Case Questions......Page 1803
Discussion Questions......Page 1805
Unit 6: Agency and Employment Law......Page 1807
Chapter 28: Agency Law......Page 1808
28-1 The Agency Relationship......Page 1809
28-2 Liability to Third Parties......Page 1829
Exam Review......Page 1858
Multiple-Choice Questions......Page 1863
Case Questions......Page 1865
Discussion Questions......Page 1867
Chapter 29: Employment and Labor Law......Page 1870
29-1 Employment at Will......Page 1871
29-2 Employment Security......Page 1873
29-3 Workplace Freedom......Page 1891
29-4 Workplace Safety......Page 1901
29-5 Financial Protection......Page 1903
29-6 Labor Unions......Page 1907
Exam Review......Page 1919
Multiple-Choice Questions......Page 1926
Case Questions......Page 1928
Discussion Questions......Page 1930
Chapter 30: Employment Discrimination......Page 1932
30-1 Employment Opportunity before 1964......Page 1933
30-2 The Civil Rights Act of 1964......Page 1935
30-4 Age Discrimination in Employment Act......Page 1966
30-5 Discrimination on the Basis of Disability......Page 1974
30-7 Hiring Practices......Page 1982
30-8 Enforcement......Page 1987
Chapter Conclusion......Page 1989
Exam Review......Page 1991
Multiple-Choice Questions......Page 1998
Case Questions......Page 2000
Discussion Questions......Page 2002
Chapter 31: Starting a Business: LLCs and Other Options......Page 2004
31-1 Sole Proprietorships......Page 2006
31-2 Corporations......Page 2008
31-3 Limited Liability Companies......Page 2021
31-4 Social Enterprises......Page 2033
31-5 General Partnerships......Page 2035
31-7 Professional Corporations......Page 2037
31-9 Franchises......Page 2039
Chapter Conclusion......Page 2045
Exam Review......Page 2049
Multiple-Choice Questions......Page 2055
Case Questions......Page 2057
Discussion Questions......Page 2058
Chapter 32: Partnerships......Page 2060
32-1 Creating a Partnership......Page 2062
32-2 The Partnership and Outsiders......Page 2070
32-3 The Relationship among Partners......Page 2077
32-4 Terminating a Partnership......Page 2092
Exam Review......Page 2108
Multiple-Choice Questions......Page 2116
Case Questions......Page 2118
Discussion Questions......Page 2120
Chapter 33: Life and Death of a Corporation......Page 2121
33-1 Before the Corporation Is Formed......Page 2122
33-2 Incorporation Process......Page 2131
33-3 After Incorporation......Page 2163
33-4 Death of the Corporation......Page 2176
Chapter Conclusion......Page 2184
Exam Review......Page 2186
Multiple-Choice Questions......Page 2188
Case Questions......Page 2190
Discussion Questions......Page 2192
Chapter 34: Management Duties......Page 2194
34-1 Conflict......Page 2196
34-2 More Conflict: Takeovers......Page 2223
Exam Review......Page 2235
Multiple-Choice Questions......Page 2241
Case Questions......Page 2244
Discussion Questions......Page 2245
Chapter 35: Shareholder Rights......Page 2247
35-1 Introduction......Page 2250
35-2 Rights of Shareholders......Page 2253
35-3 Enforcing Shareholder Rights......Page 2289
Chapter Conclusion......Page 2310
Exam Review......Page 2312
Multiple-Choice Questions......Page 2316
Case Questions......Page 2318
Discussion Questions......Page 2320
Chapter 36: Bankruptcy......Page 2321
36-1 Overview of the Bankruptcy Code......Page 2323
36-2 Chapter 7 Liquidation......Page 2325
36-3 Chapter 11 Reorganization......Page 2363
36-4 Chapter 13 Consumer Reorganizations......Page 2368
Exam Review......Page 2381
Multiple-Choice Questions......Page 2387
Case Questions......Page 2390
Discussion Questions......Page 2391
Chapter 37: Securities Regulation......Page 2393
37-1 Federal Securities Laws......Page 2395
37-2 Securities Act of 1933......Page 2397
37-3 Securities Exchange Act of 1934......Page 2420
Exam Review......Page 2450
Multiple-Choice Questions......Page 2462
Discussion Questions......Page 2464
Chapter 38: Antitrust......Page 2467
38-1 Overview of Antitrust Laws......Page 2469
38-2 Cooperative Strategies......Page 2476
38-3 Aggressive Strategies......Page 2493
Exam Review......Page 2511
Multiple-Choice Questions......Page 2517
Case Questions......Page 2519
Discussion Questions......Page 2521
Chapter 39: Consumer Protection......Page 2522
39-1 Sales......Page 2524
39-2 Consumer Credit......Page 2534
39-3 Magnuson-Moss Warranty Act......Page 2566
39-4 Consumer Product Safety......Page 2569
Exam Review......Page 2571
Multiple-Choice Questions......Page 2578
Case Questions......Page 2580
Discussion Questions......Page 2582
Chapter 40: Environmental Law......Page 2584
40-1 Introduction......Page 2586
40-2 Air Pollution......Page 2588
40-3 Water Pollution......Page 2603
40-4 Waste Disposal......Page 2613
40-5 Chemicals......Page 2619
40-6 Natural Resources......Page 2621
Exam Review......Page 2627
Multiple-Choice Questions......Page 2635
Case Questions......Page 2637
Discussion Questions......Page 2638
Unit 9: Property......Page 2641
Chapter 41: Intellectual Property......Page 2642
41-1 Patents......Page 2643
41-2 Copyrights......Page 2656
41-3 Trademarks......Page 2673
41-4 Trade Secrets......Page 2683
Exam Review......Page 2689
Multiple-Choice Questions......Page 2694
Case Questions......Page 2696
Discussion Questions......Page 2698
Chapter 42: Real Property and Landlord-Tenant Law......Page 2700
42-1 Nature of Real Property......Page 2701
42-2 Interests in Real Property......Page 2703
42-3 Adverse Possession......Page 2732
42-4 Land Use Regulation......Page 2737
42-5 Landlord-Tenant Law......Page 2739
Exam Review......Page 2763
Multiple-Choice Questions......Page 2768
Case Questions......Page 2770
Discussion Questions......Page 2771
Chapter 43: Personal Property and Bailment......Page 2774
43-1 Acquiring Personal Property......Page 2775
43-2 Bailment......Page 2790
Chapter Conclusion......Page 2804
Exam Review......Page 2807
Multiple-Choice Questions......Page 2810
Case Questions......Page 2812
Discussion Questions......Page 2816
Chapter 44: Planning for the Future: Wills, Trusts, and Insurance......Page 2817
44-1 Introduction to Estate Planning......Page 2819
44-2 Wills......Page 2820
44-3 Trusts......Page 2848
44-4 Introduction to Insurance......Page 2857
44-5 Insurance Contract......Page 2859
44-6 Types of Insurance......Page 2873
Exam Review......Page 2880
Multiple-Choice Questions......Page 2885
Case Questions......Page 2887
Discussion Questions......Page 2889
Appendix A: The Constitution of the United States......Page 2891
Appendix B: Uniform Commercial Code (Selected Provisions)......Page 2919
Appendix C: Answers to Selected End-of-Chapter Questions......Page 3226
Glossary......Page 3266
Table of Cases......Page 3325
Index......Page 3356