SOLUTION & ANSWER GUIDE Business Law Today - The Essentials Text & Summarized Cases, Cengage, 13th edition, Roger LeRoy Miller, Chapters 1 - 25, Complete

SOLUTION & ANSWER GUIDE Business Law Today - The Essentials Text & Summarized Cases, Cengage, 13th edition, Roger LeRoy Miller, Chapters 1 - 25, Complete CHAPTER 1: Legal and Constitutional Foundations of Business —Appendix to Chapter 1: Finding and Analyzing the Law CHAPTER 2: Courts and 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 Law and Cyber Crime CHAPTER 8: Agreement and Consideration in Contracts CHAPTER 9: Capacity, Legality, and Enforceability CHAPTER 10: Contract Performance, Breach, and Remedies CHAPTER 11: Sales and Lease Contracts CHAPTER 12: Performance and Breach in Sales and Lease Contracts CHAPTER 13: Negotiable Instruments CHAPTER 14: Banking CHAPTER 15: Creditors’ Rights and Bankruptcy CHAPTER 16: Agency Relationships in Business CHAPTER 17: Employment Law CHAPTER 18: The Entrepreneur’s Options CHAPTER 19: Corporations CHAPTER 20: Investor Protection, Insider Trading, and Corporate Governance CHAPTER 21: Antitrust Law and Promoting Competition CHAPTER 22: Consumer Law CHAPTER 23: Personal Property, Bailments, and Insurance CHAPTER 24: Real Property and Environmental Law CHAPTER 25: International and Space Law Solution and Answer Guide Miller, Business Law Today, The Essentials Text & Summarized Cases 13e, 9780357635346;Chapter 01: Legal and Constitutional Foundations of Business Table of Contents Critical Thinking Questions in Features......................................................................................................... 1 Adapting the Law to the Online Environment .......................................................................................... 1 Critical Thinking Questions 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 Thinking Questions 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 on how ―they affect us as citizens, not only [on how] they affect us as consumers.‖ What is your opinion of this statement? 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 therefore would be open to the idea of government regulation that restricted thenegative influence of social 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 law limiting the ability of Apple and other tech countries to keep consumer data private. Why would a business executive make such a request? Solution Cook may have wanted to end a controversy that puts Apple squarely at odds with the federal government. After all, large companies such as Apple rely on favorable treatment from the government in regulatory matters, international trade agreements, and many other areas. Also,large corporations such as Apple sometimes gain an advantage over competitors when their industries are regulated. For example, Apple has significant resources with which to lobby Congress for favorable treatment, and it is better positioned to bear the costs of regulation thanare other, smaller tech companies. Finally, Apple‘s position as a champion of consumer privacy would be damaged if it ―caved‖ and changed its stance without being forced to do so by a new federal law.