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

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Solution Manual n h nh




Dynamic Business Law, 6th Edition
nh nh nh nh




By Nancy Kubasek
nh nh n h




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Chapter 1 - An Introduction to Dynamic Business Law
nh nh n h n h n h n h n h n h




CHAPTER n h OVERVIEW
Chapter One lays the
n h foundation for the textbook.
n h Make suren h you look n h n h n h n h n h n h n h n h


n hon the publisher‗s
n h web site for information about how business law intersects
n h n h nh n h n h n h n h n h n h n h


with the six functional areas of business. The authors encourage students to ―connect
n h n h n h n h n h n h n h n h nh nh nh nh nh


to the core,‖ and remember the ways in which law
nh nh nh nh intersects nh with other areas of nh nh nh nh nh n h n h n h n h n h


n study,
h including corporate
n h management, production and transportation, marketing,
n h n h n h n h nh nh


research and development, accounting and finance, and human resource management.
nh nh nh nh nh nh nh nh nh nh




This manual supports the ―connecting to the core‖ theme by giving ideas for
n h n h n h n h n h n h n h n h n h n h n h n h


assignments that encourage students to integrate their business law knowledge with
n h n h nh n h n h n h n h n h n h n h n h


knowledge they are acquiring from their other business classes. The manual also encourages
n h n h n h n h nh nh nh nh nh nh nh nh nh


professors to improve their teaching
nh skills. Finally, the manual suggests teaching ideas
nh nh nh nh n h n h n h n h n h n h n h


for both beginning and experienced teachers.
n h n h n h n h n h n h




LEARNING n h OBJECTIVES
After reading this chapter, students will be able to:
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1-1 Define business law. nh nh


1-2 Relate the functional areas of
n h n h n h n h n h business to the n h n h


n hrelevant areas of business law 1-3
n h n h nh n h nh Recall the purposes
n h n h n h


n hof law. n h


1-4 Distinguish among types of law. nh nh n h nh


1-5 Differentiate between sources of nh n h n h n h the law. n h


1-6 Identify the various schools of n h n h n h n h n h jurisprudence.


LECTURE n h NOTES n h WITH n h DEFINITIONS
In n h the n h news… Teaching tip: For each chapter, consider asking students to
n h n h n h n h n h n h n h n h


relate current newsitems to material from the chapter.
n h n h nh n h n h n h n h n h




In addition
n h to ideas students come up with
n on htheir n h n h n h n h n h n h n h


n hown, consider weaving in news stories provided by the
n h nh n h nh n h n h n h n h


n h McGraw Hill. n h




For Chapter One, McGraw Hill offers the following stories:
n h n h n h n h n h n h n h n h




―Smoking Ban: Tobacco Tyrants: Gone Too Far? Many States
nh n h nh n h nh n h nh n h


Are Putting Stronger Restrictions on Where You Can Smoke‖
n h n h nh n h n h n h n h n h n h



 Have states gone too far in banning smoking? n h n h n h n h n h n h n h




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 Whose n h interests are state legislatures n h n h n h n h looking
out n h n h for in banningsmoking?
n h nh




―College Officer Dealings With Lenders Scrutinized.‖
nh nh nh nh nh


 Should regulators take a more careful look at college nh n h n h n h n h n h nh n h


officers? n h


 Why created changes in the ways college officers
nh nh nh nh nh nh nh


interact with lenders? nh nh nh


1-1 Define business Business law consists of the enforceable rules of n h n h n h n h n h


law.
nh n conduct
h that governcommercial relationships.
n h n h n h


1-2 Relate
n h Business law applies to the six functional areas of business:
n h n h n h nh n h nh n h n h n h


the functional
n h nh
 Corporate management n h

areas
 Production and transportation
nh
n h n h
ofbusiness to
nh n h


the relevant
nh n h  Marketing
areas of business
nh nh  Research and development n h n h

law.
nh
 Accounting and finance n h n h


 Human resource management n h n h


1-3 Recall the
nh nh  Providing order nh


purposes of
nh n h
 Serving as an alternative to fighting nh n h n h n h nh

law.
 Facilitating a sense that change is possible
nh
nh n h nh n h n h n h



 Encouraging social justice nh n h


 Guaranteeing personal freedoms nh nh


 Serving as a moral guide nh n h n h n h


1-4 Distinguish
n h One way to classify law:
n h nh n h nh


among types of
nh nh nh
Private law involves disputes between private individuals or groups.
nh n h nh nh nh nh nh nh

law.
nh
Public law involves disputes
n h between private individuals
n h n h n h n h n h


n or h groups and their government.
n h n h nh nh




A second way to classify law:
n h n h nh n h nh


Civil law involves the rights and responsibilities involved in
n h n h n h n h n h nh n h n h


relationships between persons and between persons and their
n h nh n h n h n h n h n h n h


government.
n h


Criminal law involves incidents in which someone commits
n h n h n h n h n h n h n h


an act against thepublic as a unit.
n h n h nh n h n h n h n h




Teaching tip: Ask students to
n h give an example of n h n h n h n h n h n h n h


n a h fact situation that
n h led toboth criminal and civil
n h nh n h n h n h n h n h


lawsuits, e.g., the O.J. Simpson trials.
n h n h n h n h n h n h


1-5 Differentiate
nh Sources of business law are: n h nh n h n h


between
nh
1. Constitutions
sources ofthe
nh nh
Constitutional law refers to the general limits and
n h n h n h n h n h n h n h
law.
n h
n powers of governments
h as stated in their written constitutions.
n h nh n h nh n h n h n h n h


2. Statutes or legislative actions nh nh nh


3. Cases
Case law (orn common
h law) is the
n collection
h of n h n h n h n h n h n h


n legal
h interpretations made nbyjudges.
h nh n h


Stare decisis means courts are relying on precedent.
n h n h n h n h n h n h n h




Teaching tip: n h n h The n h first n h time n h your n h students n h encounter
an
n h appellate n h




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case n h in n h the




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