Solution Manual for Dynamic Business Law: The Essentials 6th Edition | 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
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CHAPTERAOVERVIEW
ChapterAOneAlaysAtheAfoundationAforAtheAtextbook.AMakeAsureAyouAlookAonAtheApublisher‘sAwebAsiteAforAinfo
rmationAaboutAhowAbusinessAlawAintersectsAwithAtheAsixAfunctionalAareasAofAbusiness.ATheAauthorsAencourage
AstudentsAtoA―connectAtoAtheAcore,‖AandArememberAtheAwaysAinAwhichAlawAintersectsAwithAotherAareasAofAstud

y,AincludingAcorporateAmanagement,AproductionAandAtransportation,Amarketing,AresearchAandAdevelopment,Aa
ccountingAandAfinance,AandAhumanAresourceAmanagement.

ThisA manualA supportsA theA ―connectingA toA theA core‖AthemeA byA givingA ideasA forA assignmentsA thatA encourageAs
tudentsAtoAintegrateAtheirAbusinessAlawAknowledgeAwithAknowledgeAtheyAareAacquiringAfromAtheirAotherAbusin
essAclasses.ATheAmanualAalsoAencouragesAprofessorsAtoAimproveAtheirAteachingAskills.AFinally,AtheAmanualAsugg
estsAteachingAideasAforAbothAbeginningAandAexperiencedAteachers.

LEARNINGAOBJECTIVES
AfterAreadingAthisAchapter,AstudentsAwillAbeAableAto:

1-1 DefineAbusinessAlaw.
1-2 RelateAtheAfunctionalAareasAofAbusinessAtoAtheArelevantAareasAofAbusinessAlawA
1-3ARecallAtheApurposesAofAlaw.
1-4 DistinguishAamongAtypesAofAlaw.
1-5 DifferentiateAbetweenAsourcesAofAtheAlaw.
1-6 IdentifyAtheAvariousAschoolsAofAjurisprudence.

LECTUREANOTESAWITHADEFINITIONS
InAtheAnews… TeachingAtip:AForAeachAchapter,AconsiderAaskingAstudentsAtoArelateAcurrentAnewsAit
emsAtoAmaterialAfromAtheAchapter.

InA additionA toA ideasA studentsA comeA upA withA onA theirA own,A considerA weavingA inAn
ewsAstoriesAprovidedAbyAtheAMcGrawAHill.

ForAChapterAOne,AMcGrawAHillAoffersAtheAfollowingAstories:

―SmokingABan:ATobaccoATyrants:AGoneATooAFar?AManyAStatesAAreAPuttingAStrong
erARestrictionsAonAWhereAYouACanASmoke‖
• HaveAstatesAgoneAtooAfarAinAbanningAsmoking?

, • WhoseA interestsA areA stateA legislaturesA lookingA outA forA inA banningAsmoki
ng?

―CollegeAOfficerADealingsAWithALendersAScrutinized.‖
• ShouldAregulatorsAtakeAaAmoreAcarefulAlookAatAcollegeAofficers?
• WhyAcreatedAchangesAinAtheAwaysAcollegeAofficersAinteractAwithAlenders?
1- BusinessA lawA consistsA ofA theA enforceableA rulesA ofA conductA thatA governAcomm
1A DefineA businessAlaw. ercialArelationships.
1- BusinessAlawAappliesAtoAtheAsixAfunctionalAareasAofAbusiness:
2ARelateAtheAfuncti • CorporateAmanagement
onalAareasAofAbusin
essAtoAtheArelevantA • ProductionAandAtransportation
areasAofAbusinessAl • Marketing
aw. • ResearchAandAdevelopment
• AccountingAandAfinance
• HumanAresourceAmanagement
1- • ProvidingAorder
3ARecallAtheApur • ServingAasAanAalternativeAtoAfighting
posesAofAlaw.
• FacilitatingAaAsenseAthatAchangeAisApossible
• EncouragingAsocialAjustice
• GuaranteeingApersonalAfreedoms
• ServingAasAaAmoralAguide
1- OneAwayAtoAclassifyAlaw:
4ADistinguishAamon PrivateAlawAinvolvesAdisputesAbetweenAprivateAindividualsAorAgroups.
gAtypesAofAlaw. PublicA lawA involvesA disputesA betweenA privateA individualsA orA groupsA andA theirAgo
vernment.

AAsecondAwayAtoAclassifyAlaw:
CivilAlawAinvolvesAtheArightsAandAresponsibilitiesAinvolvedAinArelationshipsAbetween
ApersonsAandAbetweenApersonsAandAtheirAgovernment.

CriminalAlawA involvesA incidentsAinAwhichAsomeoneAcommitsAanAactAagainstAtheApu
blicAasAaAunit.

TeachingA tip:A AskA studentsA toA giveA anA exampleA ofA aA factA situationA thatA ledA toA
bothAcriminalAandAcivilAlawsuits,Ae.g.,AtheAO.J.ASimpsonAtrials.
1- SourcesAofAbusinessAlawAare:
5ADifferentiateAbet 1. Constitutions
weenAsourcesAofAthe ConstitutionalA lawA refersA toA theA generalA limitsA andA powersA ofA governmentsA asAst
Alaw.
atedAinAtheirAwrittenAconstitutions.
2. StatutesAorAlegislativeAactions
3. Cases
CaseA lawA (orA commonA law)A isA theA collectionA ofA legalA interpretationsA madeA byAju
dges.
StareAdecisisAmeansAcourtsAareArelyingAonAprecedent.

TeachingA tip:A TheA firstA timeA yourA studentsA encounterA anA appellateA caseA inA the

, readings,AshowAthemAwhatAstareAdecisisAlooksAlikeAinAtheAcontextAofAaArealAcase.

4. AdministrativeAlaw
AdministrativeA lawA isA theA collectionA ofA rulesA andA decisionsA madeA byAadminist
rativeAagencies.
5. Treaties
AA treatyA isA aA bindingA agreementA betweenA twoA statesA orA internationalAorganiza
tions.
6.A ExecutiveAorders
AnAexecutiveAorderAisAaAdirectiveAthatAcomesAfromAtheApresidentAorAstateAgoverno
r.
1- SchoolsAofAjurisprudenceAareAcommonAguidesAtoAlegalAinterpretation.
6AIdentifyAtheAvari • NaturalA law—certainA ethicalA lawsA andA principlesA areA morallyA rightA and
ousAschoolsAofAjuri ―above‖AtheAlawsAdevisedAbyAhumans.
sprudence.
• LegalA Positivism—
assumesA theA legitimateA politicalA authorityA deservesAourAobedienceAwhenAit
AissuesAaArule.


• IdentificationAwithAtheAVulnerable—
emphasisAonAfairnessAandAlookingAoutAforAthoseAwithAtheAleastApower.
• HistoricalASchool/Tradition—emphasisAonAtheAuseAofAstareAdecisis.
• LegalARealism—judgesAconsiderAsocialAandAeconomicAconditions.
• Cost-benefitAAnalysis—
makeAcalculationsAtoAmaximizeAtheAratioAofAbenefitsAtoAcosts.

TeachingAAtip:AAConsiderAAusingAA―TheAACaseAAofAAtheAASpelunceanAAExplorersAA(linkA
below)AtoAmakeAtheAschoolsAofAjurisprudenceAcomeAalive.
GlobalAandAComp AtAthisApointAinAtheAtextbook,AstudentsAshouldAmerelyAhaveAanAawarenessAthatAglo
arativeALaw balizationAhasAaffectedAtheAscopeAofAbusinessAlaw.AConsequently,A weAhighlightAth
eAdefinitionsAtoAtheAfollowingAkeyAtermsAthatAwillA comeAupAlaterAinAtheAbook:

• Trade,A i.e.A theA exchangeA ofA goodsA orA services,A onA aA globalA scaleA hasA ledAt
oAtheAcreationAofAtradeAagreementsAthatAserveAasAdeAfactoArulesAgoverningAt
heAglobalAbusinessAenvironment.
• ComparativeAlaw—
theAfieldAofAlawAthatAstudiesAandAcomparesAlawsAinAdifferentAcountries.

AppendixAonACriticalA CriticalAthinkingAincludesAtheAapplicationAofAevaluativeAstandardsAtoAassessAtheAqua
ThinkingAandABusine lityAorAtheAreasoningAbeingAofferedAtoAsupportAtheAconclusion.ACriticalAthinkersAwi
ss llAfollowAthisApatternAofAcarefulAthinkingAwhenAtheyAreadA anAargument:
1. FindAtheAfacts.
2. LookAforAtheAissue.
3. IdentifyAtheAjudge‘sAreasonsAandAconclusion.
4. LocateAinAtheAdecisionAtheArulesAofAlawAthatAgovernAtheAjudge‘sAreasoning.
5. ApplyAcriticalAthinkingAtoAtheAreasoning.AEvaluateAtheAreasoning.
• LookAforApotentialAambiguity.
• ConsiderAtheAstrengthAofAanalogies.