Solution Manual Dynamic Business Law, 6th Edition By Nancy Kubasek

Solution Manual Dynamic Business BN BN BN




Law, 6th Edition By Nancy Kubasek
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Solution Manual B N BN




Dynamic Business Law, 6th Edition
BN BN BN BN




By Nancy Kubasek BN BN B N




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BN BN



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Chapter 1 - An Introduction to Dynamic Business Law
BN BN B N B N B N B N B N B N




CHAPTER B N OVERVIEW
Chapter One lays the B foundation
N for the textbook.B Make
N sure you look
B N B N B N B N B N B N B N B N B N



B onN the publisher‗s
B N web site for information about how business law intersects
B N B N BN B N B N B N B N B N B N B N



with the six functional areas of business. The authors encourage students to ―connect
B N B N B N B N B N B N B N B N BN BN BN BN BN



to the core,‖ and remember the ways in which law
BN BN BN intersects
BN with other
BN areas of BN BN BN BN BN B N B N B N B N B N



B study,
N including corporate management,
B N production and transportation, marketing,
B N B N B N B N BN BN



research and development, accounting and finance, and human resource management.
BN BN BN BN BN BN BN BN BN BN




This manual supports the ―connecting to the core‖ theme by giving ideas for
B N B N B N B N B N B N B N B N B N B N B N B N



assignments that encourage students to integrate their business law knowledge with
B N B N BN B N B N B N B N B N B N B N B N



knowledge they are acquiring from their other business classes. The manual also encourages
B N B N B N B N BN BN BN BN BN BN BN BN BN



professors to improve their teaching
BN skills. Finally, the manual suggests teaching ideas
BN BN BN BN B N B N B N B N B N B N B N



for both beginning and experienced teachers.
B N B N B N B N B N B N




LEARNING B N OBJECTIVES
After reading this chapter, students will be able to:
B N B N B N B N B N B N B N B N




1-1 Define business law. BN BN




1-2 Relate the functional areas of B N B N B N B N B N business to the B N B N



B Nrelevant areas of business law 1-3 B N B N BN B N B
N Recall the purposes
B N B N B N



B Nof law. B N



1-4 Distinguish among types of law. B N BN B N B N



1-5 Differentiate between sources of B N B N B N B N the law. B N




1-6 Identify the various schools of B N B N B N B N B N jurisprudence.


LECTURE B N NOTES B N WITH B N DEFINITIONS
In B N the B N news… Teaching tip: For each chapter, consider asking students to
B N B N B N B N B N B N B N B N



relate current newsitems to material from the chapter.
B N B N BN B N B N B N B N B N




In B addition
N to ideas students come up with
B on their
N B N B N B N B N B N B N B N



B N own, consider weaving in news stories provided by the
B N BN B N B
N B N B N B N B N



B N McGraw Hill. B N




For Chapter One, McGraw Hill offers the following stories:
B N B N B N B N B N B N B N B N




―Smoking Ban: Tobacco Tyrants: Gone Too Far? Many States B N B N B N B N B N B N B N B N



Are Putting Stronger Restrictions on Where You Can Smoke‖
B N B N BN B N B N B N B N B N B N




 Have states gone too far in banning smoking? B N B N B N B N B N B N B N




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Material




 Whose B N interests are state legislatures B N B N B N B N looking
out B N B N for in banningsmoking?
B N BN




―College Officer Dealings With Lenders Scrutinized.‖
BN BN BN BN BN




 Should regulators take a more careful look at college B N B N B N B N B N B N B N B N



officers? B N




 Why created changes in the ways college officers BN B N B N BN B N B N B N



interact with lenders? B N B N BN



1-1 Define business Business law consists of the enforceable rules of B N B N B N B N B N



law.
BN conduct
B N that governcommercial relationships. B N B N B N




1-2 Relate
B N Business law applies to the six functional areas of business:
B N B N B N B N B N B N B N B N B N



the functional
B N BN
 Corporate management B N

areas
 Production and transportation
BN



ofbusiness to
BN B N
B N B N




the relevant
BN B N
 Marketing
areas of business
BN BN
 Research and development B N B N


law.
BN
 Accounting and finance B N B N




 Human resource management B N B N




1-3 Recall the
BN BN  Providing order BN



purposes of
BN B N
 Serving as an alternative to fighting B N B N B N B N B N


law.
 Facilitating a sense that change is possible
BN

B N B N B N B N B N B N




 Encouraging social justice B N B N




 Guaranteeing personal freedoms BN BN




 Serving as a moral guide B N B N B N B N




1-4 Distinguish
B N One way to classify law:
B N B N B N B N



among types of
BN BN BN
Private law involves disputes between private individuals or groups.
B N B N B N B N BN BN B N B N


law.
BN
Public law involves disputes
B between
N private individuals
B N B N B N B N B N



or
B groups
N and their government.
B N B N BN B
N




A second way to classify law:
B N B N B N B N B N



Civil law involves the rights and responsibilities involved in
B N B N B N B N B N B N B N B N



relationships between persons and between persons and their
B N BN B N B N B N B N B N B N



government.
B N



Criminal law involves incidents in which someone commits
B N B N B N B N B N B N B N



an act against thepublic as a unit.
B N B N BN B N B N B N B N




Teaching tip: Ask students to give
B N an example of B N B N B N B N B N B N B N



a
B fact
N situation that
B N led toboth criminal and civil
B N BN B N B N B N B N B N



lawsuits, e.g., the O.J. Simpson trials.
B N B N B N B N B N B N



1-5 Differentiate
BN Sources of business law are: B N B N B N B N



between
BN
1. Constitutions
sources ofthe
BN BN
Constitutional law refers to the general limits and B N B N B N B N B N B N B N

law.
B N
powers of governments
B N as stated in their written constitutions.
B N BN B N B
N B N B N B N B N




2. Statutes or legislative actions B N B N B N



3. Cases
Case law (or Bcommon N law) is the collection
B of
N legal B N B N B N B N B N B N B N



interpretations made
B N byjudges. BN B N



Stare decisis means courts are relying on precedent.
B N B N B N B N B N B N B N




Teaching tip: B N B N The B N first B N time B N your B N students B N encounter
B an N appellate B N




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