SolutionManual
,
Dynamic Business Law, 6th Edition
, , , ,
By,Nancy,Kubasek
,Chapter,1,-,An,Introduction,to,Dynamic,Business,Law
CHAPTER, OVERVIEW
Chapter, One, lays, the, foundation, for, the, textbook., Make, sure, you, look, on, the, publisher‘s, web,
site, for, information,about,how,business,law,intersects,with,the,six,functional,areas,of,business.,The,,a
uthors, encourage,students,to,―connect,to,the,core,‖,and,remember,the,ways,in,which,law,intersects,
with,other,areas, of, study,, including, corporate, management,, production, and, transportation,, mark
eting,, research, and, development,,accounting,and,finance,,and,human,resource,management.
This, manual, supports, the, ―connecting, to, the, core‖, theme, by, giving, ideas, for, assignments, that, en
courage, students,to, integrate, their, business, law, knowledge, with, knowledge, they, are, acquiring,
from, their, other, business, classes., The, manual, also, encourages, professors, to, improve, their, teaching,
skills., Finally,, the, manual, suggests,teaching,ideas,for,both,beginning,and,experienced,teachers.
LEARNING, OBJECTIVES
After,reading,this,chapter,,students,will,be,able,to:
1-1 Define,business,law.
1-2 Relate,the,functional,areas,of,business,to,the,relevant,areas,of,business
,law1-, 3,Recall, the,purposes,of,law.
1-4 Distinguish,among,types,of,law.
1-5 Differentiate,between,sources,of,the,law.
1-6 Identify,the,various,schools,of,jurisprudence.
LECTURE, NOTES, WITH, DEFINITIONS
In,the,news… Teaching,tip:,For,each,chapter,,consider,asking,students,to,relate,current,news,
items,to,material,from,the,chapter.
In,addition,to,ideas,students, come,up,with,on,their,own,,consider,weaving,in,
news,stories,provided,by,the,McGraw,Hill.
For,Chapter,One,,McGraw,Hill,offers,the,following,stories:
―Smoking,Ban:,Tobacco,Tyrants:,Gone,Too,Far?,Many,States,Are,Putting,
Stronger,Restrictions,on,Where,You,Can,Smoke‖
Have,states,gone,too,far,in,banning,smoking?
, Whose, interests, are, state, legislatures, looking, out, for, in, ba
nning, smoking?
―College,Officer,Dealings,With,Lenders,Scrutinized.‖
Should,regulators,take,a,more,careful,look,at,college,officers?
Why,created,changes,in,the,ways,college,officers,interact,with,lender
1- Business s? , law, consists, of, the, enforceable, rules, of, conduct, that, go
1, Define, business, vern, commercial,relationships.
law.
1- Business,law,applies,to,the,six,functional,areas,of,business:
2,Relate,the, func Corporate,management
tional,areas,of, b Production,and,transportation
usiness,to,the, rel
evant,areas,of, b Marketing
usiness,law. Research,and,development
Accounting,and,finance
Human,resource,management
1- Providing,order
3,Recall,the, pu Serving,as,an,alternative,to,fighting
rposes,of,law. Facilitating,a,sense,that,change,is,possible
Encouraging,social,justice
Guaranteeing,personal,freedoms
Serving,as,a,moral,guide
1- One,way,to,classify,law:
4,Distinguish, amo Private,law,involves,disputes,between,private,individuals,or,groups.
ng,types,of,law. Public, law, involves, disputes, between, private, individuals, or, groups, an
d, their, government.
A,second,way,to,classify,law:
Civil, law,involves,the,rights, and,responsibilities,involved,in,relationshipsbet
ween, persons,and,between,persons,and,their,government.
Criminal, law, involves,incidents,in,which,someone,commits, an,act,against
, the, public,as,a,unit.
Teaching, tip:, Ask, students, to, give, an, example, of, a, fact, situation, that, l
ed, to, both,criminal,and,civil,lawsuits,,e.g.,,the,O.J.,Simpson,trials.
1- Sources,of,business,law,are:
5,Differentiate, b 1. Constitutions
etween,sources,o Constitutional, law, refers, to, the, general, limits, and, powers, of, governme
f, the,law. nts, as, stated,in,their,written,constitutions.
2. Statutes,or,legislative,actions
3. Cases
Case, law, (or, common, law), is, the, collection, of, legal, interpretations, ma
de, by, judges.
Stare,decisis,means,courts,are,relying,on,precedent.
Teaching, tip:, The, first, time, your, students, encounter, an, appellate, case, in, th
e
, readings,,show,them,what,stare,decisis,looks,like,in,the,context,of,a,real,case.
4. Administrative,law
Administrative, law, is, the, collection, of, rules, and, decisions, mad
e, by, administrative,agencies.
5. Treaties
A, treaty, is, a,,binding, agreement, between, two, states, or, interna
tional, organizations.
6.,, Executive,orders
An,executive, order,is,a,directive,that,comes, from,the,president,or,stategove
rnor.
1- Schools,of,jurisprudence,are,common,guides,to,legal,interpretation.
6,Identify,the, va Natural, law—
rious,schools,of, j certain, ethical, laws, and, principles, are, morally, right, and
urisprudence. ―above‖,the,laws,devised,by,humans.
Legal, Positivism—
assumes, the, legitimate, political, authority, deserves, our,obedienc
e,when,it,issues,a,rule.
Identification,with,the,Vulnerable—
emphasis, on,fairness, and,looking, out,for,those,with,the,least,power
.
Historical,School/Tradition—emphasis,on,the,use,of,stare,decisis.
Legal,Realism—judges,consider,social,and,economic,conditions.
Cost-benefit,Analysis—
make,calculations, to,maximize,the,ratio,of, benefits,to,costs.
Global,and, Co At, this, point, in, the, textbook,, students, should, merely, have, an, awareness
mparative,Law that, globalization
,Teaching , has,, affected
, tip:, Consider using, ―The , the,,Case
scope, ,ofof, ,the
business , law., Consequently,
, Speluncean , Explorers, ,
we
(link, below),to,make,the,schools,of,jurisprudence,come,alive. ,,come,up,late
, highlight , the,definitions , to ,the ,following , key ,terms, that ,will
r,in,the,book:
Trade,, i.e., the, exchange, of, goods, or, services,, on, a, global, scale, ha
s, ledto, the, creation, of, trade, agreements, that, serve, as, de, facto, rule
s, governing,the, global,business,environment.
Comparative,law—
the, field,of,law,that,studies, and,compares,laws,in, different,countrie
Appendix,on,Critic Criticals., thinking, includes, the, application, of, evaluative, standards, to, asse
al, Thinking,and, Bu ss, the, quality, or, the, reasoning, being, offered, to, support, the, conclusion., Cri
siness tical, thinkers, will,follow,this,pattern,of,careful,thinking,when,they,read,,an,a
rgument:
1. Find,the,facts.
2. Look,for,the,issue.
3. Identify,the,judge‘s,reasons,and,conclusion.
4. Locate,in,the,decision,the,rules,of,law,that,govern,the,judge‘s,reasoning.
5. Apply,critical,thinking,to,the,reasoning.,Evaluate,the,reasoning.
Look,for,potential, ambiguity.
Consider,the,strength,of,analogies.
,
Dynamic Business Law, 6th Edition
, , , ,
By,Nancy,Kubasek
,Chapter,1,-,An,Introduction,to,Dynamic,Business,Law
CHAPTER, OVERVIEW
Chapter, One, lays, the, foundation, for, the, textbook., Make, sure, you, look, on, the, publisher‘s, web,
site, for, information,about,how,business,law,intersects,with,the,six,functional,areas,of,business.,The,,a
uthors, encourage,students,to,―connect,to,the,core,‖,and,remember,the,ways,in,which,law,intersects,
with,other,areas, of, study,, including, corporate, management,, production, and, transportation,, mark
eting,, research, and, development,,accounting,and,finance,,and,human,resource,management.
This, manual, supports, the, ―connecting, to, the, core‖, theme, by, giving, ideas, for, assignments, that, en
courage, students,to, integrate, their, business, law, knowledge, with, knowledge, they, are, acquiring,
from, their, other, business, classes., The, manual, also, encourages, professors, to, improve, their, teaching,
skills., Finally,, the, manual, suggests,teaching,ideas,for,both,beginning,and,experienced,teachers.
LEARNING, OBJECTIVES
After,reading,this,chapter,,students,will,be,able,to:
1-1 Define,business,law.
1-2 Relate,the,functional,areas,of,business,to,the,relevant,areas,of,business
,law1-, 3,Recall, the,purposes,of,law.
1-4 Distinguish,among,types,of,law.
1-5 Differentiate,between,sources,of,the,law.
1-6 Identify,the,various,schools,of,jurisprudence.
LECTURE, NOTES, WITH, DEFINITIONS
In,the,news… Teaching,tip:,For,each,chapter,,consider,asking,students,to,relate,current,news,
items,to,material,from,the,chapter.
In,addition,to,ideas,students, come,up,with,on,their,own,,consider,weaving,in,
news,stories,provided,by,the,McGraw,Hill.
For,Chapter,One,,McGraw,Hill,offers,the,following,stories:
―Smoking,Ban:,Tobacco,Tyrants:,Gone,Too,Far?,Many,States,Are,Putting,
Stronger,Restrictions,on,Where,You,Can,Smoke‖
Have,states,gone,too,far,in,banning,smoking?
, Whose, interests, are, state, legislatures, looking, out, for, in, ba
nning, smoking?
―College,Officer,Dealings,With,Lenders,Scrutinized.‖
Should,regulators,take,a,more,careful,look,at,college,officers?
Why,created,changes,in,the,ways,college,officers,interact,with,lender
1- Business s? , law, consists, of, the, enforceable, rules, of, conduct, that, go
1, Define, business, vern, commercial,relationships.
law.
1- Business,law,applies,to,the,six,functional,areas,of,business:
2,Relate,the, func Corporate,management
tional,areas,of, b Production,and,transportation
usiness,to,the, rel
evant,areas,of, b Marketing
usiness,law. Research,and,development
Accounting,and,finance
Human,resource,management
1- Providing,order
3,Recall,the, pu Serving,as,an,alternative,to,fighting
rposes,of,law. Facilitating,a,sense,that,change,is,possible
Encouraging,social,justice
Guaranteeing,personal,freedoms
Serving,as,a,moral,guide
1- One,way,to,classify,law:
4,Distinguish, amo Private,law,involves,disputes,between,private,individuals,or,groups.
ng,types,of,law. Public, law, involves, disputes, between, private, individuals, or, groups, an
d, their, government.
A,second,way,to,classify,law:
Civil, law,involves,the,rights, and,responsibilities,involved,in,relationshipsbet
ween, persons,and,between,persons,and,their,government.
Criminal, law, involves,incidents,in,which,someone,commits, an,act,against
, the, public,as,a,unit.
Teaching, tip:, Ask, students, to, give, an, example, of, a, fact, situation, that, l
ed, to, both,criminal,and,civil,lawsuits,,e.g.,,the,O.J.,Simpson,trials.
1- Sources,of,business,law,are:
5,Differentiate, b 1. Constitutions
etween,sources,o Constitutional, law, refers, to, the, general, limits, and, powers, of, governme
f, the,law. nts, as, stated,in,their,written,constitutions.
2. Statutes,or,legislative,actions
3. Cases
Case, law, (or, common, law), is, the, collection, of, legal, interpretations, ma
de, by, judges.
Stare,decisis,means,courts,are,relying,on,precedent.
Teaching, tip:, The, first, time, your, students, encounter, an, appellate, case, in, th
e
, readings,,show,them,what,stare,decisis,looks,like,in,the,context,of,a,real,case.
4. Administrative,law
Administrative, law, is, the, collection, of, rules, and, decisions, mad
e, by, administrative,agencies.
5. Treaties
A, treaty, is, a,,binding, agreement, between, two, states, or, interna
tional, organizations.
6.,, Executive,orders
An,executive, order,is,a,directive,that,comes, from,the,president,or,stategove
rnor.
1- Schools,of,jurisprudence,are,common,guides,to,legal,interpretation.
6,Identify,the, va Natural, law—
rious,schools,of, j certain, ethical, laws, and, principles, are, morally, right, and
urisprudence. ―above‖,the,laws,devised,by,humans.
Legal, Positivism—
assumes, the, legitimate, political, authority, deserves, our,obedienc
e,when,it,issues,a,rule.
Identification,with,the,Vulnerable—
emphasis, on,fairness, and,looking, out,for,those,with,the,least,power
.
Historical,School/Tradition—emphasis,on,the,use,of,stare,decisis.
Legal,Realism—judges,consider,social,and,economic,conditions.
Cost-benefit,Analysis—
make,calculations, to,maximize,the,ratio,of, benefits,to,costs.
Global,and, Co At, this, point, in, the, textbook,, students, should, merely, have, an, awareness
mparative,Law that, globalization
,Teaching , has,, affected
, tip:, Consider using, ―The , the,,Case
scope, ,ofof, ,the
business , law., Consequently,
, Speluncean , Explorers, ,
we
(link, below),to,make,the,schools,of,jurisprudence,come,alive. ,,come,up,late
, highlight , the,definitions , to ,the ,following , key ,terms, that ,will
r,in,the,book:
Trade,, i.e., the, exchange, of, goods, or, services,, on, a, global, scale, ha
s, ledto, the, creation, of, trade, agreements, that, serve, as, de, facto, rule
s, governing,the, global,business,environment.
Comparative,law—
the, field,of,law,that,studies, and,compares,laws,in, different,countrie
Appendix,on,Critic Criticals., thinking, includes, the, application, of, evaluative, standards, to, asse
al, Thinking,and, Bu ss, the, quality, or, the, reasoning, being, offered, to, support, the, conclusion., Cri
siness tical, thinkers, will,follow,this,pattern,of,careful,thinking,when,they,read,,an,a
rgument:
1. Find,the,facts.
2. Look,for,the,issue.
3. Identify,the,judge‘s,reasons,and,conclusion.
4. Locate,in,the,decision,the,rules,of,law,that,govern,the,judge‘s,reasoning.
5. Apply,critical,thinking,to,the,reasoning.,Evaluate,the,reasoning.
Look,for,potential, ambiguity.
Consider,the,strength,of,analogies.
