***INSTANT DOWNLOAD***Solution manual for dynamic business law the essentials 6th edition by nancy kubasek

Solution Manual
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Dynamic Business Law, 6th Edition
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By Nancy Kubasek
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,Chapter 1- An Introduction to Dynamic Business Law b b b b b b b b




CHAPTER OVERVIEW b




Chapter One lays the foundation for the textbook. Make sure you look on the publisher‗s web site for information
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about how business law intersects with the six functional areas of business. The authors encourage students to
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―connect to the core,‖ and remember the ways in which law intersects with other areas of study, including
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corporate management, production and transportation, marketing, research and development, accounting and
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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 business
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classes. The manual also encourages professors to improve their teaching skills. Finally, the manual suggests
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teaching ideas for both beginning and experienced teachers.
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LEARNING OBJECTIVES b




After reading this chapter, students will be able to:
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1-1 Definebusiness law. b b




1-2 Relate the functional areas of business to the relevant areas of business law1-3
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Recall the purposes of law.
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1-4 Distinguish among types of law. b b b b




1-5 Differentiate between sources of the law. b b b b b




1-6 Identify the various schools of jurisprudence. b b b b b




LECTURE NOTES WITH DEFINITIONS b b b




In the news…
b b Teaching tip: For each chapter, consider asking students to relate current newsitems
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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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binnews 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 PuttingStronger
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Restrictions on Where You Can Smoke‖
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 Have states gone too far in banning smoking? b b b b b b b

,  Whose interests are state legislatures looking out for in b b b b b b b b




banningsmoking?
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―CollegeOfficer Dealings With Lenders Scrutinized.‖ b b b b b




 Should regulators take a more careful look at college officers? b b b b b b b b b




 Why created changes in the ways college officers interact with lenders?b b b b b b b b b b




1-1 Define b Business law consists of the enforceable rules of conduct that b b b b b b b b b




bbusinesslaw. b governcommercial relationships.
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1-2 Relate the
b b Business law applies to the six functional areas of business:
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functional areas
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 Corporate management b



ofbusiness to the
 Production and transportation
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relevant areas of
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business law.
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 Marketing
 Research and development b b




 Accounting and finance b b




 Human resource management b b




1-3 Recall the
b b  Providing order b




purposes of law.
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 Serving as an alternative to fighting b b b b b




 Facilitating a sense that change is possible b b b b b b




 Encouraging social justice b b




 Guaranteeing personal freedoms b b




 Serving as a moral guide b b b b




1-4 Distinguish
b One way to classify law:b b b b




among types of law.
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Private law involves disputes between private individuals or groups.
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Public law involves disputes between private individuals or groups and
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theirgovernment.
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A second way to classify law:
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Civil law involves the rights and responsibilities involved in relationshipsbetween
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persons and between persons and their government.
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Criminal law involves incidents in which someone commits an act against thepublic
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as a unit.
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Teaching tip: Ask students to give an example of a fact situation that led
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toboth criminal and civil lawsuits, e.g., the O.J. Simpson trials.
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1-5 Differentiate
b Sources of business law are: b b b b




between sources
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1. Constitutions
ofthe law.
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Constitutional law refers to the general limits and powers of governments b b b b b b b b b b




asstated in their written constitutions.
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2. Statutes or legislative actions b b b




3. Cases
Case law (or common law) is the collection of legal interpretations made
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byjudges.
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Stare decisis means courts are relying on precedent.
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Teaching tip: The first time your students encounter an appellate case in the
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, readings, show them what stare decisis looks like in the context of a real case.
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4. Administrative law b




Administrative law is the collection of rules and decisions made b b b b b b b b b




bbyadministrative agencies.
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5. Treaties
A treaty is a binding agreement between two states or
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binternationalorganizations. b




6. Executive orders
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An executive order is a directive that comes from the president or stategovernor.
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1-6 Identify the
b b Schools of jurisprudence are common guides to legal interpretation.
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various schools
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 Natural law—certain ethical laws and principles are morally right and b b b b b b b b b



ofjurisprudence.
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―above‖ the laws devised by humans. b b b b b




 Legal Positivism—assumes the legitimate political authority b b b b b




deservesour obedience when it issues a rule.
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 Identification with the Vulnerable—emphasis on fairness and lookingout b b b b b b b b




for those with the least power.
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 Historical School/Tradition—emphasis on the use of stare decisis. b b b b b b b




 Legal Realism—judges consider social and economic conditions. b b b b b b




 Cost-benefit Analysis—make calculations to maximize the ratio ofbenefits b b b b b b b b




to costs. b b




Teaching tip: Consider using ―The Case of the Speluncean Explorers (link below) to
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make the schools of jurisprudence come alive.
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Global and b At this point in the textbook, students should merely have an awareness that
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ComparativeLaw
b b globalization has affected the scope of business law. Consequently, we highlight the
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definitions to the following key terms that will come up later in the book:
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 Trade, i.e. the exchange of goods or services, on a global scale has led to
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the creation of trade agreements that serve as de facto rules governing the
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global business environment.
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 Comparative law—the field of law that studies and compares laws in different b b b b b b b b b b b




countries.
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Appendix on b Critical thinking includes the application of evaluative standards to assess the quality
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CriticalThinking and
b b b or the reasoning being offered to support the conclusion. Critical thinkers will follow
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Business
b this pattern of careful thinking when they read an argument:
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1. Find the facts. b b




2. Look for the issue. b b b




3. Identify the judge‗s reasons and conclusion. b b b b b




4. Locate in the decision the rules of law that govern the judge‗s reasoning.
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5. Apply critical thinking to the reasoning. Evaluate the reasoning.
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 Look for potential ambiguity. b b b




 Consider the strength of analogies. b b b b