solution manual for dynamic business law the essentials 6th edition by Nancy Kubasek, All Chapters | Complete Guide A+

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




CHAPTERROVERVIEW
ChapterROneRlaysRtheRfoundationRforRtheRtextbook.RMakeRsureRyouRlookRonRtheRpublisher‘sRwebRsiteRforRinf
ormationRaboutRhowRbusinessRlawRintersectsRwithRtheRsixRfunctionalRareasRofRbusiness.RTheRauthorsRencoura
geRstudentsRtoR―connectRtoRtheRcore,‖RandRrememberRtheRwaysRinRwhichRlawRintersectsRwithRotherRareasRofR
study,RincludingRcorporateRmanagement,RproductionRandRtransportation,Rmarketing,RresearchRandRdevelopme
nt,RaccountingRandRfinance,RandRhumanRresourceRmanagement.

ThisR manualR supportsR theR ―connectingR toR theR core‖RthemeR byR givingR ideasR forR assignmentsR thatR encourage
RstudentsRtoRintegrateRtheirRbusinessRlawRknowledgeRwithRknowledgeRtheyRareRacquiringRfromRtheirRotherRbu

sinessRclasses.RTheRmanualRalsoRencouragesRprofessorsRtoRimproveRtheirRteachingRskills.RFinally,RtheRmanualR
suggestsRteachingRideasRforRbothRbeginningRandRexperiencedRteachers.

LEARNINGROBJECTIVES
AfterRreadingRthisRchapter,RstudentsRwillRbeRableRto:

1-1 DefineRbusinessRlaw.
1-2 RelateRtheRfunctionalRareasRofRbusinessRtoRtheRrelevantRareasRofRbusinessRlaw
R1-3RRecallRtheRpurposesRofRlaw.

1-4 DistinguishRamongRtypesRofRlaw.
1-5 DifferentiateRbetweenRsourcesRofRtheRlaw.
1-6 IdentifyRtheRvariousRschoolsRofRjurisprudence.

LECTURERNOTESRWITHRDEFINITIONS
InRtheRnews… TeachingRtip:RForReachRchapter,RconsiderRaskingRstudentsRtoRrelateRcurrentRnewsR
itemsRtoRmaterialRfromRtheRchapter.

InR additionR toR ideasR studentsR comeR upR withR onR theirR own,R considerR weavingR inR
newsRstoriesRprovidedRbyRtheRMcGrawRHill.

ForRChapterROne,RMcGrawRHillRoffersRtheRfollowingRstories:

―SmokingRBan:RTobaccoRTyrants:RGoneRTooRFar?RManyRStatesRAreRPuttingRStron
gerRRestrictionsRonRWhereRYouRCanRSmoke‖
 HaveRstatesRgoneRtooRfarRinRbanningRsmoking?

,  WhoseR interestsR areR stateR legislaturesR lookingR outR forR inR banningRsmoki
ng?

―CollegeROfficerRDealingsRWithRLendersRScrutinized.‖
 ShouldRregulatorsRtakeRaRmoreRcarefulRlookRatRcollegeRofficers?
 WhyRcreatedRchangesRinRtheRwaysRcollegeRofficersRinteractRwithRlenders?
1- BusinessR lawR consistsR ofR theR enforceableR rulesR ofR conductR thatR governRcom
1R DefineR businessRlaw. mercialRrelationships.
1- BusinessRlawRappliesRtoRtheRsixRfunctionalRareasRofRbusiness:
2RRelateRtheRfuncti  CorporateRmanagement
onalRareasRofRbusin
essRtoRtheRrelevant  ProductionRandRtransportation
RareasRofRbusinessR  Marketing
law.  ResearchRandRdevelopment
 AccountingRandRfinance
 HumanRresourceRmanagement
1-  ProvidingRorder
3RRecallRtheRpur  ServingRasRanRalternativeRtoRfighting
posesRofRlaw.
 FacilitatingRaRsenseRthatRchangeRisRpossible
 EncouragingRsocialRjustice
 GuaranteeingRpersonalRfreedoms
 ServingRasRaRmoralRguide
1- OneRwayRtoRclassifyRlaw:
4RDistinguishRamon PrivateRlawRinvolvesRdisputesRbetweenRprivateRindividualsRorRgroups.
gRtypesRofRlaw. PublicR lawR involvesR disputesR betweenR privateR individualsR orR groupsR andR theirRg
overnment.

ARsecondRwayRtoRclassifyRlaw:
CivilRlawRinvolvesRtheRrightsRandRresponsibilitiesRinvolvedRinRrelationshipsRbetwee
nRpersonsRandRbetweenRpersonsRandRtheirRgovernment.
CriminalR lawR involvesR incidentsRinRwhichRsomeoneRcommitsRanRactRagainstRtheR
publicRasRaRunit.

TeachingR tip:R AskR studentsR toR giveR anR exampleR ofR aR factR situationR thatR ledR to
RbothRcriminalRandRcivilRlawsuits,Re.g.,RtheRO.J.RSimpsonRtrials.


1- SourcesRofRbusinessRlawRare:
5RDifferentiateRbet 1. Constitutions
weenRsourcesRofRthe ConstitutionalR lawR refersR toR theR generalR limitsR andR powersR ofR governmentsR asR
Rlaw.
statedRinRtheirRwrittenRconstitutions.
2. StatutesRorRlegislativeRactions
3. Cases
CaseR lawR (orR commonR law)R isR theR collectionR ofR legalR interpretationsR madeR byRj
udges.
StareRdecisisRmeansRcourtsRareRrelyingRonRprecedent.

TeachingR tip:R TheR firstR timeR yourR studentsR encounterR anR appellateR caseR inR the

, readings,RshowRthemRwhatRstareRdecisisRlooksRlikeRinRtheRcontextRofRaRrealRcase.

4. AdministrativeRlaw
AdministrativeR lawR isR theR collectionR ofR rulesR andR decisionsR madeR byRadmini
strativeRagencies.
5. Treaties
AR treatyR isR aR bindingR agreementR betweenR twoR statesR orR internationalRorganiz
ations.
6.R ExecutiveRorders
AnRexecutiveRorderRisRaRdirectiveRthatRcomesRfromRtheRpresidentRorRstateRgovern
or.
1- SchoolsRofRjurisprudenceRareRcommonRguidesRtoRlegalRinterpretation.
6RIdentifyRtheRvari  NaturalR law—certainR ethicalR lawsR andR principlesR areR morallyR rightR and
ousRschoolsRofRjuri ―above‖RtheRlawsRdevisedRbyRhumans.
sprudence.
 LegalR Positivism—
assumesR theR legitimateR politicalR authorityR deservesRourRobedienceRwhenRi
tRissuesRaRrule.
 IdentificationRwithRtheRVulnerable—
emphasisRonRfairnessRandRlookingRoutRforRthoseRwithRtheRleastRpower.
 HistoricalRSchool/Tradition—emphasisRonRtheRuseRofRstareRdecisis.
 LegalRRealism—judgesRconsiderRsocialRandReconomicRconditions.
 Cost-benefitRAnalysis—
makeRcalculationsRtoRmaximizeRtheRratioRofRbenefitsRtoRcosts.

TeachingRRtip:RRConsiderRRusingRR―TheRRCaseRRofRRtheRRSpelunceanRRExplorersRR(lin
kRbelow)RtoRmakeRtheRschoolsRofRjurisprudenceRcomeRalive.
GlobalRandRComp AtRthisRpointRinRtheRtextbook,RstudentsRshouldRmerelyRhaveRanRawarenessRthatRgl
arativeRLaw obalizationRhasRaffectedRtheRscopeRofRbusinessRlaw.RConsequently,R weRhighlightRt
heRdefinitionsRtoRtheRfollowingRkeyRtermsRthatRwillR comeRupRlaterRinRtheRbook:

 Trade,R i.e.R theR exchangeR ofR goodsR orR services,R onR aR globalR scaleR hasR ledR
toRtheRcreationRofRtradeRagreementsRthatRserveRasRdeRfactoRrulesRgovernin
gRtheRglobalRbusinessRenvironment.
 ComparativeRlaw—
theRfieldRofRlawRthatRstudiesRandRcomparesRlawsRinRdifferentRcountries.

AppendixRonRCriticalR CriticalRthinkingRincludesRtheRapplicationRofRevaluativeRstandardsRtoRassessRtheRqu
ThinkingRandRBusine alityRorRtheRreasoningRbeingRofferedRtoRsupportRtheRconclusion.RCriticalRthinkersR
ss willRfollowRthisRpatternRofRcarefulRthinkingRwhenRtheyRreadR anRargument:
1. FindRtheRfacts.
2. LookRforRtheRissue.
3. IdentifyRtheRjudge‘sRreasonsRandRconclusion.
4. LocateRinRtheRdecisionRtheRrulesRofRlawRthatRgovernRtheRjudge‘sRreasoning.
5. ApplyRcriticalRthinkingRtoRtheRreasoning.REvaluateRtheRreasoning.
 LookRforRpotentialRambiguity.
 ConsiderRtheRstrengthRofRanalogies.