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Business Law Today – Lecture Summary and Key Concepts

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This document covers the core principles of business law, including contract law, torts, agency, business organizations, and regulatory compliance. It provides a concise summary of legal concepts relevant to business operations, case studies, and practical applications for students and professionals. The material is aligned with typical business law courses and is suitable for exam preparation and review

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Institution
BUSINESS LAW TODAY
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BUSINESS LAW TODAY











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Institution
BUSINESS LAW TODAY
Module
BUSINESS LAW TODAY

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Uploaded on
January 24, 2026
Number of pages
329
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

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SOLUTION & ANSWER GUIDE
BUSINESS LAW TODAY - THE ESSENTIALS TEXT &
SUMMARIZED CASES, CENGAGE, 13TH EDITION,
ROGER LEROY MILLER,CHAPTERS 1 - 25, ISBN-13
978-0357635223

,CHAPTER 1: Legaland ConstitutionalFoundations of Business
—Appendix to Chapter 1: Findingand Analyzingthe Law
2




CHAPTER 2: Courtsand Alternative Dispute Resolution
CHAPTER 3: Ethics in Business
—Appendix to Chapter 3: Code of Ethics Example
CHAPTER 4: Tort Law
CHAPTER 5: Intellectual Property Rights
CHAPTER 6: Internet Law, Social Media, and Privacy
CHAPTER 7: Criminal Lawand Cyber Crime
CHAPTER 8: Agreementand Consideration in Contracts
CHAPTER 9: Capacity, Legality,and Enforceability
CHAPTER 10:Contract Performance,Breach,and Remedies
CHAPTER 11:Sales and Lease Contracts
2




CHAPTER 12: Performanceand Breach in Sales and Lease Contracts
2




CHAPTER 13:Negotiable Instruments
CHAPTER 14:Banking
CHAPTER 15:Creditors’ Rightsand Bankruptcy
CHAPTER 16: Agency Relationships in Business
CHAPTER 17:Employment Law 2




CHAPTER 18:The Entrepreneur’s Options

,CHAPTER 19:Corporations
CHAPTER 20:Investor Protection,Insider Trading,and Corporate Gover
nance
CHAPTER 21:Antitrust Lawand Promoting Competition
2 2




CHAPTER 22:Consumer Law
CHAPTER 23: Personal Property,Bailments,and Insurance
CHAPTER 24: Real Propertyand Environmental Law
CHAPTER 25:Internationaland Space Law

, SolutionandAnswerGuide
Miller, Business Law Today, The Essentials Text & Summarized Cases 13e, 9780357635346
;Chapter 01: Legal and Constitutional Foundations of Business

Table of Contents
Critical Thinking2Questions in Features ......................................................................................................... 1
Adapting the Law to the Online Environment ........................................................................................... 1
Critical Thinking2Questions in Cases .............................................................................................................. 2
Case 1.1 ..................................................................................................................................................... 2
Case 1.2 ..................................................................................................................................................... 3
Case 1.3 ..................................................................................................................................................... 3
Chapter Review ............................................................................................................................................. 4
Practice and Review .................................................................................................................................. 4
Practice and Review: Debate This ............................................................................................................. 5
Issue Spotters ............................................................................................................................................ 5
Business Scenarios and Case Problems ..................................................................................................... 5
Critical Thinking and Writing Assignments .............................................................................................. 10
Critical Thinking2Questions in Appendix Exhibit 1A–3 ................................................................................. 11
Exhibit 1A–3............................................................................................................................................. 11



Critical Thinking Questions in Features
Adapting the Law to the Online Environment
1. One observer has said that the American legal system should evaluate social media companies based o
n how ―they affect us as citizens, not only [on how] they affect us as consumers.‖ What is your opinion
of this2statement?

Solution
The person who made this statement clearly sees a ―citizen‖ as having different motivations and concerns
than a ―consumer.‖ Presumably, a citizen is mostly concerned with the good of society as a whole, and t
herefore would be open to the idea of government regulation that restricted thenegative influence of so
cial media, regardless of the First Amendment. A consumer, by contrast, would be primarily concerned
with having a marketplace that offers the widest possible varieties of freedom (of choice, of speech, etc.
) and would for that reason be opposed to government regulation of social media. There is, however, an
argument to be made that the citizens that make up a society benefit when the marketplace of ideas—
whether they are subjectively
―positive‖ or ―negative‖—is allowed to flourish in the absence of government regulation.

2. Tim Cook, Apple‘s chief operating officer, has suggested that the United States Congress shouldpass a l
aw limiting the ability of Apple and other tech countries to keep consumer data private. Why would a
business executive make such a request?
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