SOLUTION MANUAL q
Dynamic Business Law: The Essentials,
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5th Edition Kubasek, Browne, All Chapters 1-25),
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,TABLE OF CONTENTS q q q
PART 1: The Legal Environment of Business
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C h. 1 An Introduction to the Fundamentals of Dynamic Business Law
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Ch. 2 Business Ethics and Social Responsibility
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Ch. 3 The U.S. Legal System and Alternative Dispute Resolution
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Ch. 4 Administrative Law
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Ch. 5 Constitutional Law
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Ch. 6 Criminal Law and Business
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Ch. 7 Tort Law
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Ch. 8 Real, Personal, and Intellectual Property
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PART 2: Contract Law q q q q
Ch. 9 Introduction to Contracts and Agreement
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Ch. 10 Consideration
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Ch. 11 Capacity and Legality
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Ch. 12 Reality of Assent
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Ch. 13 Contracts in Writing and Third-Party Contracts
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Ch. 14 Discharge and Remedies
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Part 3: Domestic and International Sales Law
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Ch. 15 Formation and Performance of Sales and Lease Contracts
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Ch. 16 Sales and Lease Contracts: Performance, Warranties, and Remedies
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PART 4: Negotiable Instruments and Banking
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Ch. 17 Negotiable Instruments: Negotiability and Transferability
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Ch. 18 Holder in Due Course, Liability, and Defenses
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PART 5: Creditors' Rights and Bankruptcy
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,Ch. 19 Secured Transactions and Bankruptcy
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PART 6: Agency
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Ch. 20 Agency and Liability to Third Parties
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PART 7: Business Organizations
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Ch. 21 Forms of Business Organization
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Ch. 22 Corporations: Formation and Organization
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Ch. 23 Securities Regulation
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PART 8: Government Regulation
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Ch. 24 Employment and Discrimination Law
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Ch. 25 Consumer Law
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, Chapter 1 - An Introduction to Dynamic Business Law
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CHAPTER OVERVIEW q
Chapter One lays the foundation for the textbook. Make sure you look on the publisher‗s web site for
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information about how business law intersects with the six functional areas of business. The authors
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encourage students to ―connect to the core,‖ and remember the ways in which law intersects with other
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areas of study, including corporate management, production and transportation, marketing, research and
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development, accounting and finance, and human resource management.
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This manual supports the ―connecting to the core‖ theme by giving ideas for assignments that encourage
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students to integrate their business law knowledge with knowledge they are acquiring from their other
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business classes. The manual also encourages professors to improve their teaching skills. Finally, the manual
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suggests teaching ideas for both beginning and experienced teachers.
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LEARNING OBJECTIVES q
After reading this chapter, students will be able to:
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1-1 Define business law. q q
1-2 Relate the functional areas of business to the relevant areas of business law1-
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3 Recall the purposes of law.
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1-4 Distinguish among types of law. q q q q
1-5 Differentiate between sources of the law. q q q q q
1-6 Identify the various schools of jurisprudence.
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LECTURE NOTES WITH DEFINITIONS q q q
In the news…
q q Teaching tip: For each chapter, consider asking students to relate current
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newsitems to material from the chapter.
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In addition to ideas students come up with on their own, consider weaving
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qinnews stories provided by the McGraw Hill.
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For Chapter One, McGraw Hill offers the following stories:
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―Smoking Ban: Tobacco Tyrants: Gone Too Far? Many States Are
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PuttingStronger Restrictions on Where You Can Smoke‖
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Have states gone too far in banning smoking? q q q q q q q
Dynamic Business Law: The Essentials,
q q q q q
5th Edition Kubasek, Browne, All Chapters 1-25),
q q q q q q q
,TABLE OF CONTENTS q q q
PART 1: The Legal Environment of Business
q q q q q q q
C h. 1 An Introduction to the Fundamentals of Dynamic Business Law
q q q q q q q q q q q q
Ch. 2 Business Ethics and Social Responsibility
q q q q q q q
Ch. 3 The U.S. Legal System and Alternative Dispute Resolution
q q q q q q q q q q
Ch. 4 Administrative Law
q q q q
Ch. 5 Constitutional Law
q q q q
Ch. 6 Criminal Law and Business
q q q q q q
Ch. 7 Tort Law
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Ch. 8 Real, Personal, and Intellectual Property
q q q q q q q
PART 2: Contract Law q q q q
Ch. 9 Introduction to Contracts and Agreement
q q q q q q q
Ch. 10 Consideration
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Ch. 11 Capacity and Legality
q q q q q
Ch. 12 Reality of Assent
q q q q q
Ch. 13 Contracts in Writing and Third-Party Contracts
q q q q q q q q
Ch. 14 Discharge and Remedies
q q q q q
Part 3: Domestic and International Sales Law
q q q q q q q
Ch. 15 Formation and Performance of Sales and Lease Contracts
q q q q q q q q q q
Ch. 16 Sales and Lease Contracts: Performance, Warranties, and Remedies
q q q q q q q q q q
PART 4: Negotiable Instruments and Banking
q q q q q q
Ch. 17 Negotiable Instruments: Negotiability and Transferability
q q q q q q q
Ch. 18 Holder in Due Course, Liability, and Defenses
q q q q q q q q q
PART 5: Creditors' Rights and Bankruptcy
q q q q q q
,Ch. 19 Secured Transactions and Bankruptcy
q q q q q q
PART 6: Agency
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Ch. 20 Agency and Liability to Third Parties
q q q q q q q q
PART 7: Business Organizations
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Ch. 21 Forms of Business Organization
q q q q q q
Ch. 22 Corporations: Formation and Organization
q q q q q q
Ch. 23 Securities Regulation
q q q q
PART 8: Government Regulation
q q q q
Ch. 24 Employment and Discrimination Law
q q q q q q
Ch. 25 Consumer Law
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, Chapter 1 - An Introduction to Dynamic Business Law
q q q q q q q q
CHAPTER OVERVIEW q
Chapter One lays the foundation for the textbook. Make sure you look on the publisher‗s web site for
q q q q q q q q q q q q q q q q q
information about how business law intersects with the six functional areas of business. The authors
q q q q q q q q q q q q q q q
encourage students to ―connect to the core,‖ and remember the ways in which law intersects with other
q q q q q q q q q q q q q q q q q
areas of study, including corporate management, production and transportation, marketing, research and
q q q q q q q q q q q q
development, accounting and finance, and human resource management.
q q q q q q q q
This manual supports the ―connecting to the core‖ theme by giving ideas for assignments that encourage
q q q q q q q q q q q q q q q
students to integrate their business law knowledge with knowledge they are acquiring from their other
q q q q q q q q q q q q q q q
business classes. The manual also encourages professors to improve their teaching skills. Finally, the manual
q q q q q q q q q q q q q q q
suggests teaching ideas for both beginning and experienced teachers.
q q q q q q q q q
LEARNING OBJECTIVES q
After reading this chapter, students will be able to:
q q q q q q q q
1-1 Define business law. q q
1-2 Relate the functional areas of business to the relevant areas of business law1-
q q q q q q q q q q q q q
3 Recall the purposes of law.
q q q q q
1-4 Distinguish among types of law. q q q q
1-5 Differentiate between sources of the law. q q q q q
1-6 Identify the various schools of jurisprudence.
q q q q q
LECTURE NOTES WITH DEFINITIONS q q q
In the news…
q q Teaching tip: For each chapter, consider asking students to relate current
q q q q q q q q q q
newsitems to material from the chapter.
q q q q q q q
In addition to ideas students come up with on their own, consider weaving
q q q q q q q q q q q q
qinnews stories provided by the McGraw Hill.
q q q q q q q
For Chapter One, McGraw Hill offers the following stories:
q q q q q q q q
―Smoking Ban: Tobacco Tyrants: Gone Too Far? Many States Are
q q q q q q q q q
PuttingStronger Restrictions on Where You Can Smoke‖
q q q q q q q q
Have states gone too far in banning smoking? q q q q q q q