Solution Manual
Dynamic Business Law, 6th Edition
By Nancy Kubasek
,Chapter 1 - An Introduction to Dynamic Business Law
g g g g g g g g
CHAPTERgOVERVIEW
ChaptergOneglaysgthegfoundationgforgthegtextbook.gMakegsuregyouglookgongthegpublisher‘sgwebgsiteg
forginformationgaboutghowgbusinessglawgintersectsgwithgthegsixgfunctionalgareasgofgbusiness.gThega
uthorsgencouragegstudentsgtog―connectgtogthegcore,‖gandgremembergthegwaysgingwhichglawginters
ectsgwithgothergareasgofgstudy,gincludinggcorporategmanagement,gproductiongandgtransportation,g
marketing,gresearchgandgdevelopment,gaccountinggandgfinance,gandghumangresourcegmanagemen
t.
Thisg manualg supportsg theg ―connectingg tog theg core‖g themeg byg givingg ideasg forg assignmentsg thatg e
ncouragegstudentsgtogintegrategtheirgbusinessglawgknowledgegwithgknowledgegtheygaregacquiringgfr
omgtheirgothergbusinessgclasses.gThegmanualgalsogencouragesgprofessorsgtogimprovegtheirgteaching
gskills.gFinally,gthegmanual gsuggestsgteachinggideasgforgbothgbeginninggandgexperiencedgteachers.
LEARNINGgOBJECTIVES
Aftergreadinggthisgchapter,gstudentsgwillgbegablegto:
1-1 Definegbusinessglaw.
1-2 Relategthegfunctionalgareasgofgbusinessgtogthegrelevantgareasgofgbusin
essglawg1-3gRecallgthegpurposesgofglaw.
1-4 Distinguishgamonggtypesgofglaw.
1-5 Differentiategbetweengsourcesgofgtheglaw.
1-6 Identifygthegvariousgschoolsgofgjurisprudence.
LECTUREgNOTESgWITHgDEFINITIONS
Ingthegnews… Teachinggtip:g Forg eachg chapter,g considerg askinggstudentsg togrelateg curre
ntg newsgitemsgtogmaterialgfromgthegchapter.
Ing additiong tog ideasg studentsg comeg upg withg ong theirg own,g considerg weavi
ngg ingnewsgstoriesgprovidedgbygthegMcGrawgHill.
ForgChaptergOne,gMcGrawgHillgoffersgthegfollowinggstories:
―SmokinggBan:gTobaccogTyrants:gGonegToogFar?gManygStatesgAregPuttingg
StrongergRestrictionsgongWheregYougCangSmoke‖
Havegstatesggonegtoogfargingbanninggsmoking?
, Whoseg interestsg areg stateg legislaturesg lookingg outg forg ing banningg
smoking?
―CollegegOfficergDealingsgWithgLendersgScrutinized.‖
Shouldgregulatorsgtakegagmoregcarefulglookgatgcollegegofficers?
Whygcreatedgchangesgingthegwaysgcollegegofficersginteractgwithglend
ers?
1- Businessg lawg consistsg ofg theg enforceableg rulesg ofg conductg thatg gover
1g Defineg businessgla ngcommercialgrelationships.
w.
1- Businessglawgappliesgtogthegsixgfunctionalgareasgofgbusiness:
2gRelategthegfunc Corporategmanagement
tionalgareasgofgbu Productiongandgtransportation
sinessgtogthegrele
Marketing
vantgareasgofgbus
inessglaw. Researchgandgdevelopment
Accountinggandgfinance
Humangresourcegmanagement
1- Providinggorder
3gRecallgthegpu Servinggasgangalternativegtogfighting
rposesgofglaw. Facilitatinggagsensegthatgchangegisgpossible
Encouraginggsocialgjustice
Guaranteeinggpersonalgfreedoms
Servinggasgagmoralgguide
1- Onegwaygtogclassifyglaw:
4gDistinguishgamo Privateglawginvolvesgdisputesgbetweengprivategindividualsgorggroups.
nggtypesgofglaw. Publicg lawg involvesg disputesg betweeng privateg individualsg org groupsg and
g theirg
government.
Agsecondgwaygtogclassifyglaw:
Civilglawginvolvesgthegrightsg andgresponsibilitiesginvolvedgingrelationshipsgb
etweengpersonsgandgbetweengpersonsgandgtheirggovernment.
Criminalg lawg involvesg incidentsg ing whichg someoneg commitsg ang actg again
stg thegpublicgasgagunit.
Teachingg tip:g Askg studentsg tog giveg ang exampleg ofg ag factg situationg thatg
ledg togbothgcriminalgandgcivilglawsuits,ge.g.,gthegO.J.gSimpsongtrials.
, 1- Sourcesgofgbusinessglawgare:
5gDifferentiategbe 1. Constitutions
tweengsourcesgofgt Constitutionalg lawg refersg tog theg generalg limitsg andg powersg ofg governm
heglaw. entsg asgstatedgingtheirgwrittengconstitutions.
2. Statutesgorglegislativegactions
3. Cases
Caseg lawg (org commong law)g isg theg collectiong ofg legalg interpretationsg ma
deg bygjudges.
Staregdecisisgmeansgcourtsgaregrelyinggongprecedent.
Teachingg tip:g Theg firstg timeg yourg studentsg encounterg ang appellateg case
g ing the
Dynamic Business Law, 6th Edition
By Nancy Kubasek
,Chapter 1 - An Introduction to Dynamic Business Law
g g g g g g g g
CHAPTERgOVERVIEW
ChaptergOneglaysgthegfoundationgforgthegtextbook.gMakegsuregyouglookgongthegpublisher‘sgwebgsiteg
forginformationgaboutghowgbusinessglawgintersectsgwithgthegsixgfunctionalgareasgofgbusiness.gThega
uthorsgencouragegstudentsgtog―connectgtogthegcore,‖gandgremembergthegwaysgingwhichglawginters
ectsgwithgothergareasgofgstudy,gincludinggcorporategmanagement,gproductiongandgtransportation,g
marketing,gresearchgandgdevelopment,gaccountinggandgfinance,gandghumangresourcegmanagemen
t.
Thisg manualg supportsg theg ―connectingg tog theg core‖g themeg byg givingg ideasg forg assignmentsg thatg e
ncouragegstudentsgtogintegrategtheirgbusinessglawgknowledgegwithgknowledgegtheygaregacquiringgfr
omgtheirgothergbusinessgclasses.gThegmanualgalsogencouragesgprofessorsgtogimprovegtheirgteaching
gskills.gFinally,gthegmanual gsuggestsgteachinggideasgforgbothgbeginninggandgexperiencedgteachers.
LEARNINGgOBJECTIVES
Aftergreadinggthisgchapter,gstudentsgwillgbegablegto:
1-1 Definegbusinessglaw.
1-2 Relategthegfunctionalgareasgofgbusinessgtogthegrelevantgareasgofgbusin
essglawg1-3gRecallgthegpurposesgofglaw.
1-4 Distinguishgamonggtypesgofglaw.
1-5 Differentiategbetweengsourcesgofgtheglaw.
1-6 Identifygthegvariousgschoolsgofgjurisprudence.
LECTUREgNOTESgWITHgDEFINITIONS
Ingthegnews… Teachinggtip:g Forg eachg chapter,g considerg askinggstudentsg togrelateg curre
ntg newsgitemsgtogmaterialgfromgthegchapter.
Ing additiong tog ideasg studentsg comeg upg withg ong theirg own,g considerg weavi
ngg ingnewsgstoriesgprovidedgbygthegMcGrawgHill.
ForgChaptergOne,gMcGrawgHillgoffersgthegfollowinggstories:
―SmokinggBan:gTobaccogTyrants:gGonegToogFar?gManygStatesgAregPuttingg
StrongergRestrictionsgongWheregYougCangSmoke‖
Havegstatesggonegtoogfargingbanninggsmoking?
, Whoseg interestsg areg stateg legislaturesg lookingg outg forg ing banningg
smoking?
―CollegegOfficergDealingsgWithgLendersgScrutinized.‖
Shouldgregulatorsgtakegagmoregcarefulglookgatgcollegegofficers?
Whygcreatedgchangesgingthegwaysgcollegegofficersginteractgwithglend
ers?
1- Businessg lawg consistsg ofg theg enforceableg rulesg ofg conductg thatg gover
1g Defineg businessgla ngcommercialgrelationships.
w.
1- Businessglawgappliesgtogthegsixgfunctionalgareasgofgbusiness:
2gRelategthegfunc Corporategmanagement
tionalgareasgofgbu Productiongandgtransportation
sinessgtogthegrele
Marketing
vantgareasgofgbus
inessglaw. Researchgandgdevelopment
Accountinggandgfinance
Humangresourcegmanagement
1- Providinggorder
3gRecallgthegpu Servinggasgangalternativegtogfighting
rposesgofglaw. Facilitatinggagsensegthatgchangegisgpossible
Encouraginggsocialgjustice
Guaranteeinggpersonalgfreedoms
Servinggasgagmoralgguide
1- Onegwaygtogclassifyglaw:
4gDistinguishgamo Privateglawginvolvesgdisputesgbetweengprivategindividualsgorggroups.
nggtypesgofglaw. Publicg lawg involvesg disputesg betweeng privateg individualsg org groupsg and
g theirg
government.
Agsecondgwaygtogclassifyglaw:
Civilglawginvolvesgthegrightsg andgresponsibilitiesginvolvedgingrelationshipsgb
etweengpersonsgandgbetweengpersonsgandgtheirggovernment.
Criminalg lawg involvesg incidentsg ing whichg someoneg commitsg ang actg again
stg thegpublicgasgagunit.
Teachingg tip:g Askg studentsg tog giveg ang exampleg ofg ag factg situationg thatg
ledg togbothgcriminalgandgcivilglawsuits,ge.g.,gthegO.J.gSimpsongtrials.
, 1- Sourcesgofgbusinessglawgare:
5gDifferentiategbe 1. Constitutions
tweengsourcesgofgt Constitutionalg lawg refersg tog theg generalg limitsg andg powersg ofg governm
heglaw. entsg asgstatedgingtheirgwrittengconstitutions.
2. Statutesgorglegislativegactions
3. Cases
Caseg lawg (org commong law)g isg theg collectiong ofg legalg interpretationsg ma
deg bygjudges.
Staregdecisisgmeansgcourtsgaregrelyinggongprecedent.
Teachingg tip:g Theg firstg timeg yourg studentsg encounterg ang appellateg case
g ing the
