Solution Manual Dynamic Business Law, 6th Edition By Nancy Kubasek

,Chapter 1 - An Introduction to Dynamic Business Law
C C C C C C C C




CHAPTERCOVERVIEW
ChapterCOneClaysCtheCfoundationCforCtheCtextbook.CMakeCsureCyouClookConCtheCpublisher‘sCwebCsiteCforCinfor
mationCaboutChowCbusinessClawCintersectsCwithCtheCsixCfunctionalCareasCofCbusiness.CTheCauthorsCencourageCs
tudentsCtoC―connectCtoCtheCcore,‖CandCrememberCtheCwaysCinCwhichClawCintersectsCwithCotherCareasCofCstudy,C
includingCcorporateCmanagement,CproductionCandCtransportation,Cmarketing,CresearchCandCdevelopment,Cacco
untingCandCfinance,CandChumanCresourceCmanagement.

ThisC manualC supportsC theC ―connectingC toC theC core‖C themeC byC givingC ideasC forC assignmentsC thatC encourageCst
udentsCtoCintegrateCtheirCbusinessClawCknowledgeCwithCknowledgeCtheyCareCacquiringCfromCtheirCotherCbusines
sCclasses.CTheCmanualCalsoCencouragesCprofessorsCtoCimproveCtheirCteachingCskills.CFinally,CtheCmanualCsuggest
sCteachingCideasCforCbothCbeginningCandCexperiencedCteachers.

LEARNINGCOBJECTIVES
AfterCreadingCthisCchapter,CstudentsCwillCbeCableCto:

1-1 DefineCbusinessClaw.
1-2 RelateCtheCfunctionalCareasCofCbusinessCtoCtheCrelevantCareasCofCbusinessClawC1
-3CRecallCtheCpurposesCofClaw.
1-4 DistinguishCamongCtypesCofClaw.
1-5 DifferentiateCbetweenCsourcesCofCtheClaw.
1-6 IdentifyCtheCvariousCschoolsCofCjurisprudence.

LECTURECNOTESCWITHCDEFINITIONS
InCtheCnews… TeachingCtip:CForCeachCchapter,CconsiderCaskingCstudentsCtoCrelateCcurrentCnewsCit
emsCtoCmaterialCfromCtheCchapter.

InC additionC toC ideasC studentsC comeC upC withC onC theirC own,C considerC weavingC inCn
ewsCstoriesCprovidedCbyCtheCMcGrawCHill.

ForCChapterCOne,CMcGrawCHillCoffersCtheCfollowingCstories:

―SmokingCBan:CTobaccoCTyrants:CGoneCTooCFar?CManyCStatesCAreCPuttingCStrong
erCRestrictionsConCWhereCYouCCanCSmoke‖
 HaveCstatesCgoneCtooCfarCinCbanningCsmoking?

,  WhoseC interestsC areC stateC legislaturesC lookingC outC forC inC banningCsmokin
g?

―CollegeCOfficerCDealingsCWithCLendersCScrutinized.‖
 ShouldCregulatorsCtakeCaCmoreCcarefulClookCatCcollegeCofficers?
 WhyCcreatedCchangesCinCtheCwaysCcollegeCofficersCinteractCwithClenders?
1- BusinessC lawC consistsC ofC theC enforceableC rulesC ofC conductC thatC governCcomme
1C DefineC businessClaw. rcialCrelationships.
1- BusinessClawCappliesCtoCtheCsixCfunctionalCareasCofCbusiness:
2CRelateCtheCfuncti  CorporateCmanagement
onalCareasCofCbusin
essCtoCtheCrelevantC  ProductionCandCtransportation
areasCofCbusinessCla  Marketing
w.  ResearchCandCdevelopment
 AccountingCandCfinance
 HumanCresourceCmanagement
1-  ProvidingCorder
3CRecallCtheCpur  ServingCasCanCalternativeCtoCfighting
posesCofClaw.
 FacilitatingCaCsenseCthatCchangeCisCpossible
 EncouragingCsocialCjustice
 GuaranteeingCpersonalCfreedoms
 ServingCasCaCmoralCguide
1- OneCwayCtoCclassifyClaw:
4CDistinguishCamong PrivateClawCinvolvesCdisputesCbetweenCprivateCindividualsCorCgroups.
CtypesCofClaw.
PublicC lawC involvesC disputesC betweenC privateC individualsC orC groupsC andC theirCgo
vernment.

ACsecondCwayCtoCclassifyClaw:
CivilClawCinvolvesCtheCrightsCandCresponsibilitiesCinvolvedCinCrelationshipsCbetweenC
personsCandCbetweenCpersonsCandCtheirCgovernment.
CriminalClawC involvesC incidentsCinC whichCsomeoneC commitsC anC actC againstC theCpu
blicCasCaCunit.

TeachingC tip:C AskC studentsC toC giveC anC exampleC ofC aC factC situationC thatC ledC toCb
othCcriminalCandCcivilClawsuits,Ce.g.,CtheCO.J.CSimpsonCtrials.
1- SourcesCofCbusinessClawCare:
5CDifferentiateCbet 1. Constitutions
weenCsourcesCofCthe ConstitutionalC lawC refersC toC theC generalC limitsC andC powersC ofC governmentsC asCst
Claw.
atedCinCtheirCwrittenCconstitutions.
2. StatutesCorClegislativeCactions
3. Cases
CaseC lawC (orC commonC law)C isC theC collectionC ofC legalC interpretationsC madeC byCju
dges.
StareCdecisisCmeansCcourtsCareCrelyingConCprecedent.

TeachingC tip:C TheC firstC timeC yourC studentsC encounterC anC appellateC caseC inC the

, readings,CshowCthemCwhatCstareCdecisisClooksClikeCinCtheCcontextCofCaCrealCcase.

4. AdministrativeClaw
AdministrativeC lawC isC theC collectionC ofC rulesC andC decisionsC madeC byCadminist
rativeCagencies.
5. Treaties
AC treatyC isC aC bindingC agreementC betweenC twoC statesC orC internationalCorganizat
ions.
6.C ExecutiveCorders
AnCexecutiveCorderCisCaCdirectiveCthatCcomesCfromCtheCpresidentC orCstateCgovernor
.
1- SchoolsCofCjurisprudenceCareCcommonCguidesCtoClegalCinterpretation.
6CIdentifyCtheCvari  NaturalC law—certainC ethicalC lawsC andC principlesC areC morallyC rightC and
ousCschoolsCofCjuri ―above‖CtheClawsCdevisedCbyChumans.
sprudence.
 LegalC Positivism—
assumesC theC legitimateC politicalC authorityC deservesCourCobedienceCwhenCit
CissuesCaCrule.


 IdentificationCwithCtheCVulnerable—
emphasisConCfairnessC andClookingCoutCforCthoseCwithCtheCleastCpower.
 HistoricalCSchool/Tradition—emphasisConCtheCuseCofCstareCdecisis.
 LegalCRealism—judgesCconsiderCsocialCandCeconomicCconditions.
 Cost-benefitCAnalysis—
makeCcalculationsCtoCmaximizeCtheCratioCofCbenefitsCtoCcosts.

TeachingCCtip:CCConsiderCCusingCC―TheCCCaseCCofCCtheCCSpelunceanCCExplorersCC(linkCb
elow)CtoCmakeCtheCschoolsCofCjurisprudenceCcomeCalive.
GlobalCandCComp AtCthisCpointCinCtheCtextbook,CstudentsCshouldCmerelyChaveCanCawarenessCthatCglo
arativeCLaw balizationChasCaffectedCtheCscopeCofCbusinessClaw.CConsequently,C weChighlightCthe
CdefinitionsCtoCtheCfollowingCkeyCtermsCthatCwillC comeCupClaterCinCtheCbook:



 Trade,C i.e.C theC exchangeC ofC goodsC orC services,C onC aC globalC scaleC hasC ledCt
oCtheCcreationCofCtradeCagreementsCthatCserveCasCdeCfactoCrulesCgoverningCt
heCglobalCbusinessCenvironment.
 ComparativeClaw—
theCfieldCofClawCthatCstudiesCandCcomparesClawsCinCdifferentCcountries.

AppendixConCCriticalC CriticalCthinkingCincludesCtheCapplicationCofCevaluativeCstandardsCtoCassessCtheCqual
ThinkingCandCBusines ityCorCtheCreasoningCbeingCofferedCtoCsupportCtheCconclusion.CCriticalCthinkersCwill
s CfollowCthisCpatternCofCcarefulCthinkingCwhenCtheyCreadC anCargument:


1. FindCtheCfacts.
2. LookCforCtheCissue.
3. IdentifyCtheCjudge‘sCreasonsCandCconclusion.
4. LocateCinCtheCdecisionCtheCrulesCofClawCthatCgovernCtheCjudge‘sCreasoning.
5. ApplyCcriticalCthinkingCtoCtheCreasoning.CEvaluateCtheCreasoning.
 LookCforCpotentialCambiguity.
 ConsiderCtheCstrengthCofCanalogies.