Solution Manual
Legal And Regulatory Environment Of Business
By Pagnattaro, Cahoy
19th Edition
,Table Of Contents
Part One Introduction: Legal Foundations For Business
Chapter 1: Law As A Foundation For Business
Chapter 2: The Roleof Ethics In Decision Making
Chapter 3: Understanding The Court System
Chapter 4: Litigation
Chapter 5: Alternative Dispute Resolution
Chapter 6: Theconstitution
Part Two Basic Legal Principles
Chapter 7: Theproperty System
Chapter 8: Contractformation
Chapter 9: Contractual Performance And Breach
Chapter 10: Tortsaffecting Business
Chapter 11: Intellectual Property
Chapter 12: Globalexpansion And International Law
Chapter 13: Criminallaw And Business
Chapter 14: Businessorganizations
Part Three The Regulatory Landscape For Business
Chapter 15: Theregulatory Process
Chapter 16: Regulating Competition—Antitrust Laws
Chapter 17: Financialand Securities Regulations
Chapter 18: Privacyand Consumer Protection
Chapter 19: Environmentalregulation And Resource Sustainability
Part Four The Employer—Employee Relationship
Chapter 20: Employment Discrimination Laws
Chapter 21: Employerresponsibilities And Employee Rights -Employment Laws
Chapter 22: Labor—Management Relationship
,Chapter 1: Law As A Foundation For Business
Learning Objectives
The Purpose Of This Chapter Is To Introduce The Students To The Subject Of Law And To
Some Classifications Of Its Subject Matter. In Addition, It Is Designed To Instill In Them
Respect For The Role Of The ―Rule Of Law‖ In The Society And That The Judicial System Is
The Most Important Stabilizing Force In Society. It Should Create An Awareness That Law Is
A Foundation For The Private Market And ―Property‖ As A Legal Concept Underpins That
Market And Contributes To The Maximum Wealth Of Nations Through Productivity. This
Chapter Also Describes Stare Decisis, Basic Sources Of The American Law, And Sanctions
That Can Be Imposed When The Law Is Not Followed.
References
Bethell, Tom, The Noblest Triumph (1999).
Bernstein, William J., The First Of Plenty. Mcgraw-Hill (2004).
Driegel, Blandine, The State And The Rule Of Law. Princeton U. Press (1995).
Friedman, Lawrence M., American Law, 2d Ed. Norton (1998).
Harnett, Bertram, Law, Lawyers And Laymen: Making Sense Of The American
Legal System. San Diego: Harcourt Brace Jovanovich (1984).
Helpman, Elhanan, The Mystery Of Economic Growth. Belknap Press (2004).
Holmes, The Common Law. Little, Brown And Company (1922).
Kelman, M., A Guide To Critical Legal Studies. Harvard (1988).
Pound, An Introduction To The Philosophy Of Law. Yale University Press (1922).
Reed, O. Lee, ―Law, The Rule Of Law, And Property,‖ American Business Law Journal,
Vol. 38 (2001).
Reed, O. Lee, ―Nationbuilding 101: Reductionism In Property, Liberty, And
Corporate Governance,‖ 36 Vanderbilt Journal Of Transitional Law 673 (2003).
The Spirit Of The Common Law. Marshall Jones Co. (1921).
, Teaching Outline
I. Introduction
A. Why Law And Regulations Are Fundamental Foundations For Business (Lo 1-1)
Emphasize:
That By Studying The Legal And Regulatory Environment Of Business, Students Will
Gain An Understanding Of Basic Legal Vocabulary And Gain The Ability To Identify
Problematic Situations That Could Result In Liability.
That Because Of The Positive Role Lawyers Can Play, They Are Increasingly Being
Asked To Join Corporate Boards.
Sidebar 1.1 Titled ‗Sustainability And Integrity: Cautionary Tales Of Legal Liability.‘
II. Law, The Rule Of Law, And Property
A. Law
Emphasize:
The Simple Definition Of Law. It Can Be Elaborated By Observing That Law Is A
Rule-Based, State-Enforced Formal Ordering System With Moral Elements.
That Adequate Law And Legal Institutes Promote The Certainty And Trust
Necessary For Complex, Long-Term Business Arrangements. In An Economic Sense,
They Lower The Costs Of Transacting Business.
Additional Matters For Discussion:
Discuss That Law Formalizes Values And Traditions And That Law Is More Needed In
A Large, Heterogeneous Modern Nation Than In A Smaller, Homogeneous Nation.
Compare The U.S. And Japan.
It Is Not Too Early In This Chapter To Ask Students Whether Or Not Lack Of Law
And Strict Regulation Facilitated The Economic Crash And Recession That Began
In 2008.
Ask Students To Comment On How Mistrust Of Law And Lawmakers Precipitated The
―Occupy Wall Street‖ And Other ―Occupy…‖ Movements That Arosein 2011.
Discuss How The Law Impacts The Covid 19 Restrictions On Businesses Opening In 2020.
B. The Rule Of Law
Emphasize:
That Under A Rule Of Law, Laws Are Generally And Equally Applicable.
That Lack Of The Rule Of Law Internationally Has Produced Hundreds Of Calls For It In
The
Legal And Regulatory Environment Of Business
By Pagnattaro, Cahoy
19th Edition
,Table Of Contents
Part One Introduction: Legal Foundations For Business
Chapter 1: Law As A Foundation For Business
Chapter 2: The Roleof Ethics In Decision Making
Chapter 3: Understanding The Court System
Chapter 4: Litigation
Chapter 5: Alternative Dispute Resolution
Chapter 6: Theconstitution
Part Two Basic Legal Principles
Chapter 7: Theproperty System
Chapter 8: Contractformation
Chapter 9: Contractual Performance And Breach
Chapter 10: Tortsaffecting Business
Chapter 11: Intellectual Property
Chapter 12: Globalexpansion And International Law
Chapter 13: Criminallaw And Business
Chapter 14: Businessorganizations
Part Three The Regulatory Landscape For Business
Chapter 15: Theregulatory Process
Chapter 16: Regulating Competition—Antitrust Laws
Chapter 17: Financialand Securities Regulations
Chapter 18: Privacyand Consumer Protection
Chapter 19: Environmentalregulation And Resource Sustainability
Part Four The Employer—Employee Relationship
Chapter 20: Employment Discrimination Laws
Chapter 21: Employerresponsibilities And Employee Rights -Employment Laws
Chapter 22: Labor—Management Relationship
,Chapter 1: Law As A Foundation For Business
Learning Objectives
The Purpose Of This Chapter Is To Introduce The Students To The Subject Of Law And To
Some Classifications Of Its Subject Matter. In Addition, It Is Designed To Instill In Them
Respect For The Role Of The ―Rule Of Law‖ In The Society And That The Judicial System Is
The Most Important Stabilizing Force In Society. It Should Create An Awareness That Law Is
A Foundation For The Private Market And ―Property‖ As A Legal Concept Underpins That
Market And Contributes To The Maximum Wealth Of Nations Through Productivity. This
Chapter Also Describes Stare Decisis, Basic Sources Of The American Law, And Sanctions
That Can Be Imposed When The Law Is Not Followed.
References
Bethell, Tom, The Noblest Triumph (1999).
Bernstein, William J., The First Of Plenty. Mcgraw-Hill (2004).
Driegel, Blandine, The State And The Rule Of Law. Princeton U. Press (1995).
Friedman, Lawrence M., American Law, 2d Ed. Norton (1998).
Harnett, Bertram, Law, Lawyers And Laymen: Making Sense Of The American
Legal System. San Diego: Harcourt Brace Jovanovich (1984).
Helpman, Elhanan, The Mystery Of Economic Growth. Belknap Press (2004).
Holmes, The Common Law. Little, Brown And Company (1922).
Kelman, M., A Guide To Critical Legal Studies. Harvard (1988).
Pound, An Introduction To The Philosophy Of Law. Yale University Press (1922).
Reed, O. Lee, ―Law, The Rule Of Law, And Property,‖ American Business Law Journal,
Vol. 38 (2001).
Reed, O. Lee, ―Nationbuilding 101: Reductionism In Property, Liberty, And
Corporate Governance,‖ 36 Vanderbilt Journal Of Transitional Law 673 (2003).
The Spirit Of The Common Law. Marshall Jones Co. (1921).
, Teaching Outline
I. Introduction
A. Why Law And Regulations Are Fundamental Foundations For Business (Lo 1-1)
Emphasize:
That By Studying The Legal And Regulatory Environment Of Business, Students Will
Gain An Understanding Of Basic Legal Vocabulary And Gain The Ability To Identify
Problematic Situations That Could Result In Liability.
That Because Of The Positive Role Lawyers Can Play, They Are Increasingly Being
Asked To Join Corporate Boards.
Sidebar 1.1 Titled ‗Sustainability And Integrity: Cautionary Tales Of Legal Liability.‘
II. Law, The Rule Of Law, And Property
A. Law
Emphasize:
The Simple Definition Of Law. It Can Be Elaborated By Observing That Law Is A
Rule-Based, State-Enforced Formal Ordering System With Moral Elements.
That Adequate Law And Legal Institutes Promote The Certainty And Trust
Necessary For Complex, Long-Term Business Arrangements. In An Economic Sense,
They Lower The Costs Of Transacting Business.
Additional Matters For Discussion:
Discuss That Law Formalizes Values And Traditions And That Law Is More Needed In
A Large, Heterogeneous Modern Nation Than In A Smaller, Homogeneous Nation.
Compare The U.S. And Japan.
It Is Not Too Early In This Chapter To Ask Students Whether Or Not Lack Of Law
And Strict Regulation Facilitated The Economic Crash And Recession That Began
In 2008.
Ask Students To Comment On How Mistrust Of Law And Lawmakers Precipitated The
―Occupy Wall Street‖ And Other ―Occupy…‖ Movements That Arosein 2011.
Discuss How The Law Impacts The Covid 19 Restrictions On Businesses Opening In 2020.
B. The Rule Of Law
Emphasize:
That Under A Rule Of Law, Laws Are Generally And Equally Applicable.
That Lack Of The Rule Of Law Internationally Has Produced Hundreds Of Calls For It In
The
