SolutionManualt
Dynamic Business Law, 6thEdition
t t t t
ByNancyKubasek
t t
,Chapter t1 t- tAn tIntroduction tto tDynamic tBusiness tLaw
CHAPTER t OVERVIEW
Chapter t One t lays t the t foundation t for t the t textbook. t Make t sure t you t look t on t the
t publisher‘s t web t site t for t information tabout thow t business tlaw tintersects t with tthe t six t functional
t areas t of t business. t The t t authors t encourage tstudents tto t―connect t to tthe tcore,‖ tand tremember tthe
tways tin twhich tlaw tintersects twith tother tareas t of t study, t including t corporate t management,
t production t and t transportation, t marketing, t research t and t development, taccounting tand
tfinance, tand thuman tresource tmanagement.
This t manual t supports t the t ―connecting t to t the t core‖ t theme t by t giving t ideas t for t assignments
t that t encourage t students tto t integrate t their t business t law t knowledge t with t knowledge t they
t are t acquiring t from t their t other t business t classes. t The t manual t also t encourages t professors t to
t improve t their t teaching t skills. t Finally, t the t manual t suggests tteaching tideas tfor tboth tbeginning tand
texperienced tteachers.
LEARNING t OBJECTIVES
After treading tthis tchapter, tstudents twill tbe table tto:
1-1 Define tbusiness tlaw.
1-2 Relate tthe tfunctional tareas tof tbusiness tto tthe trelevant tareas tof
business tlaw1- t 3 tRecall tthe tpurposes tof tlaw.
t
1-4 Distinguish tamong ttypes tof tlaw.
1-5 Differentiate tbetween tsources tof tthe tlaw.
1-6 Identify tthe tvarious tschools tof tjurisprudence.
LECTURE t NOTES t WITH t DEFINITIONS
In tthe tnews… Teaching t tip: tFor teach tchapter, tconsider tasking tstudents tto trelate tcurrent tnews
t items tto tmaterial tfrom tthe tchapter.
In t addition t to t ideas t students t come t up t with t on t their t own, t consider t weaving
t in t news tstories tprovided tby tthe tMcGraw tHill.
For tChapter tOne, tMcGraw tHill toffers tthe tfollowing tstories:
―Smoking tBan: tTobacco tTyrants: tGone tToo tFar? tMany tStates tAre tPutting
t Stronger tRestrictions t on tWhere tYou tCan tSmoke‖
Have tstates tgone ttoo tfar tin tbanning tsmoking?
, Whose t interests t are t state t legislatures t looking t out t for t in
t banning t smoking?
―College tOfficer tDealings tWith tLenders tScrutinized.‖
Should tregulators ttake ta tmore tcareful tlook tat tcollege tofficers?
Why tcreated tchanges tin tthe tways tcollege tofficers tinteract twith
1-1 t Define Business tlenders?
t law t consists t of t the t enforceable t rules t of t conduct
t business t law. t that t govern t commercial trelationships.
1-2 tRelate tthe Business tlaw tapplies tto tthe tsix tfunctional tareas tof tbusiness:
t functional t areas
Corporate tmanagement
tof t business tto
Production tand ttransportation
tthe t relevant
tareas tof
Marketing
t business tlaw. Research tand tdevelopment
Accounting tand tfinance
Human tresource tmanagement
1-3 tRecall tthe Providing torder
t purposes tof Serving tas tan talternative tto tfighting
tlaw.
Facilitating ta tsense tthat tchange tis tpossible
Encouraging tsocial tjustice
Guaranteeing tpersonal tfreedoms
Serving tas ta tmoral tguide
1-4 tDistinguish One tway tto tclassify tlaw:
t among ttypes tof Private tlaw tinvolves tdisputes tbetween tprivate tindividuals tor tgroups.
tlaw.
Public t law t involves t disputes t between t private t individuals t or t groups
t and t their t government.
A tsecond tway tto tclassify tlaw:
Civil t law tinvolves tthe trights t and tresponsibilities tinvolved tin
trelationshipsbetween t persons tand tbetween tpersons t and ttheir
tgovernment.
Criminal t law t involves t incidents tin twhich tsomeone tcommits t an tact
tagainst t the t public tas ta tunit.
Teaching t tip: t Ask t students t to t give t an t example t of t a t fact t situation
1-5 tDifferentiate that t ledtoft totbusiness
tSources t both tcriminal tand tcivil t lawsuits, te.g., tthe tO.J. tSimpson ttrials.
tlaw tare:
t between tsources 1. Constitutions
tof t the tlaw.
Constitutional t law t refers t to t the t general t limits t and t powers t of
t governments t as t stated tin ttheir twritten tconstitutions.
2. Statutes tor tlegislative tactions
3. Cases
Case t law t (or t common t law) t is t the t collection t of t legal t interpretations
t made t by t judges.
Stare tdecisis tmeans tcourts tare trelying ton tprecedent.
Teaching t tip: t The t first t time t your t students t encounter t an t appellate t case
t in t the
, readings, tshow tthem twhat tstare tdecisis tlooks tlike tin tthe tcontext tof ta treal tcase.
4. Administrative tlaw
Administrative t law t is t the t collection t of t rules t and t decisions
t made t by t administrative tagencies.
5. Treaties
A t treaty t is t a t tbinding t agreement t between t two t states t or
t international t organizations.
6. t t Executive torders
An texecutive t order tis ta tdirective tthat tcomes tfrom tthe tpresident tor
t stategovernor.
1-6 tIdentify tthe Schools tof tjurisprudence tare tcommon tguides tto tlegal tinterpretation.
t various tschools
Natural t law—certain t ethical t laws t and t principles t are t morally t right
tof
t and
t jurisprudence.
―above‖ tthe tlaws tdevised tby thumans.
Legal t Positivism—assumes t the t legitimate t political t authority
t deserves t our tobedience twhen tit tissues ta trule.
Identification twith tthe tVulnerable—emphasis t on tfairness t and
tlooking t out tfor tthose twith tthe tleast tpower.
Historical tSchool/Tradition—emphasis ton tthe tuse tof tstare tdecisis.
Legal tRealism—judges tconsider tsocial tand teconomic tconditions.
Cost-benefit t Analysis—make tcalculations t to tmaximize tthe
t ratio t of t benefits t to tcosts.
Teaching t tip: t Consider t using t ―The t Case t of t the t Speluncean
Global tand At t this t point
t Explorers in t thettot textbook,
t (link tt below) t students
tmake tthe tschools t should t merely
t of tjurisprudence tcomet have
talive. t an
t Comparative t awareness t that t globalization t has t affected t the t scope t of t business t law.
tLaw t Consequently, t we t highlight t the tdefinitions tto tthe tfollowing tkey tterms t that
twill t tcome tup tlater tin tthe tbook:
Trade, t i.e. t the t exchange t of t goods t or t services, t on t a t global t scale
t has t ledto t the t creation t of t trade t agreements t that t serve t as t de
t facto t rules t governingtthe t global t business t environment.
Comparative tlaw—the t field tof tlaw tthat tstudies t and tcompares
t laws tin t different tcountries.
Appendix ton Critical t thinking t includes t the t application t of t evaluative t standards t to
tCritical t Thinking t assess t the t quality t or t the t reasoning t being t offered t to t support t the
tand t Business t conclusion. t Critical t thinkers t will tfollow tthis tpattern tof tcareful t thinking twhen
tthey tread t tan targument:
1. Find tthe tfacts.
2. Look tfor tthe tissue.
3. Identify tthe tjudge‘s treasons tand tconclusion.
4. Locate tin tthe tdecision tthe trules tof tlaw tthat tgovern tthe tjudge‘s treasoning.
5. Apply tcritical tthinking tto tthe treasoning. tEvaluate tthe treasoning.
Look tfor tpotential tambiguity.
Consider tthe tstrength tof tanalogies.
Dynamic Business Law, 6thEdition
t t t t
ByNancyKubasek
t t
,Chapter t1 t- tAn tIntroduction tto tDynamic tBusiness tLaw
CHAPTER t OVERVIEW
Chapter t One t lays t the t foundation t for t the t textbook. t Make t sure t you t look t on t the
t publisher‘s t web t site t for t information tabout thow t business tlaw tintersects t with tthe t six t functional
t areas t of t business. t The t t authors t encourage tstudents tto t―connect t to tthe tcore,‖ tand tremember tthe
tways tin twhich tlaw tintersects twith tother tareas t of t study, t including t corporate t management,
t production t and t transportation, t marketing, t research t and t development, taccounting tand
tfinance, tand thuman tresource tmanagement.
This t manual t supports t the t ―connecting t to t the t core‖ t theme t by t giving t ideas t for t assignments
t that t encourage t students tto t integrate t their t business t law t knowledge t with t knowledge t they
t are t acquiring t from t their t other t business t classes. t The t manual t also t encourages t professors t to
t improve t their t teaching t skills. t Finally, t the t manual t suggests tteaching tideas tfor tboth tbeginning tand
texperienced tteachers.
LEARNING t OBJECTIVES
After treading tthis tchapter, tstudents twill tbe table tto:
1-1 Define tbusiness tlaw.
1-2 Relate tthe tfunctional tareas tof tbusiness tto tthe trelevant tareas tof
business tlaw1- t 3 tRecall tthe tpurposes tof tlaw.
t
1-4 Distinguish tamong ttypes tof tlaw.
1-5 Differentiate tbetween tsources tof tthe tlaw.
1-6 Identify tthe tvarious tschools tof tjurisprudence.
LECTURE t NOTES t WITH t DEFINITIONS
In tthe tnews… Teaching t tip: tFor teach tchapter, tconsider tasking tstudents tto trelate tcurrent tnews
t items tto tmaterial tfrom tthe tchapter.
In t addition t to t ideas t students t come t up t with t on t their t own, t consider t weaving
t in t news tstories tprovided tby tthe tMcGraw tHill.
For tChapter tOne, tMcGraw tHill toffers tthe tfollowing tstories:
―Smoking tBan: tTobacco tTyrants: tGone tToo tFar? tMany tStates tAre tPutting
t Stronger tRestrictions t on tWhere tYou tCan tSmoke‖
Have tstates tgone ttoo tfar tin tbanning tsmoking?
, Whose t interests t are t state t legislatures t looking t out t for t in
t banning t smoking?
―College tOfficer tDealings tWith tLenders tScrutinized.‖
Should tregulators ttake ta tmore tcareful tlook tat tcollege tofficers?
Why tcreated tchanges tin tthe tways tcollege tofficers tinteract twith
1-1 t Define Business tlenders?
t law t consists t of t the t enforceable t rules t of t conduct
t business t law. t that t govern t commercial trelationships.
1-2 tRelate tthe Business tlaw tapplies tto tthe tsix tfunctional tareas tof tbusiness:
t functional t areas
Corporate tmanagement
tof t business tto
Production tand ttransportation
tthe t relevant
tareas tof
Marketing
t business tlaw. Research tand tdevelopment
Accounting tand tfinance
Human tresource tmanagement
1-3 tRecall tthe Providing torder
t purposes tof Serving tas tan talternative tto tfighting
tlaw.
Facilitating ta tsense tthat tchange tis tpossible
Encouraging tsocial tjustice
Guaranteeing tpersonal tfreedoms
Serving tas ta tmoral tguide
1-4 tDistinguish One tway tto tclassify tlaw:
t among ttypes tof Private tlaw tinvolves tdisputes tbetween tprivate tindividuals tor tgroups.
tlaw.
Public t law t involves t disputes t between t private t individuals t or t groups
t and t their t government.
A tsecond tway tto tclassify tlaw:
Civil t law tinvolves tthe trights t and tresponsibilities tinvolved tin
trelationshipsbetween t persons tand tbetween tpersons t and ttheir
tgovernment.
Criminal t law t involves t incidents tin twhich tsomeone tcommits t an tact
tagainst t the t public tas ta tunit.
Teaching t tip: t Ask t students t to t give t an t example t of t a t fact t situation
1-5 tDifferentiate that t ledtoft totbusiness
tSources t both tcriminal tand tcivil t lawsuits, te.g., tthe tO.J. tSimpson ttrials.
tlaw tare:
t between tsources 1. Constitutions
tof t the tlaw.
Constitutional t law t refers t to t the t general t limits t and t powers t of
t governments t as t stated tin ttheir twritten tconstitutions.
2. Statutes tor tlegislative tactions
3. Cases
Case t law t (or t common t law) t is t the t collection t of t legal t interpretations
t made t by t judges.
Stare tdecisis tmeans tcourts tare trelying ton tprecedent.
Teaching t tip: t The t first t time t your t students t encounter t an t appellate t case
t in t the
, readings, tshow tthem twhat tstare tdecisis tlooks tlike tin tthe tcontext tof ta treal tcase.
4. Administrative tlaw
Administrative t law t is t the t collection t of t rules t and t decisions
t made t by t administrative tagencies.
5. Treaties
A t treaty t is t a t tbinding t agreement t between t two t states t or
t international t organizations.
6. t t Executive torders
An texecutive t order tis ta tdirective tthat tcomes tfrom tthe tpresident tor
t stategovernor.
1-6 tIdentify tthe Schools tof tjurisprudence tare tcommon tguides tto tlegal tinterpretation.
t various tschools
Natural t law—certain t ethical t laws t and t principles t are t morally t right
tof
t and
t jurisprudence.
―above‖ tthe tlaws tdevised tby thumans.
Legal t Positivism—assumes t the t legitimate t political t authority
t deserves t our tobedience twhen tit tissues ta trule.
Identification twith tthe tVulnerable—emphasis t on tfairness t and
tlooking t out tfor tthose twith tthe tleast tpower.
Historical tSchool/Tradition—emphasis ton tthe tuse tof tstare tdecisis.
Legal tRealism—judges tconsider tsocial tand teconomic tconditions.
Cost-benefit t Analysis—make tcalculations t to tmaximize tthe
t ratio t of t benefits t to tcosts.
Teaching t tip: t Consider t using t ―The t Case t of t the t Speluncean
Global tand At t this t point
t Explorers in t thettot textbook,
t (link tt below) t students
tmake tthe tschools t should t merely
t of tjurisprudence tcomet have
talive. t an
t Comparative t awareness t that t globalization t has t affected t the t scope t of t business t law.
tLaw t Consequently, t we t highlight t the tdefinitions tto tthe tfollowing tkey tterms t that
twill t tcome tup tlater tin tthe tbook:
Trade, t i.e. t the t exchange t of t goods t or t services, t on t a t global t scale
t has t ledto t the t creation t of t trade t agreements t that t serve t as t de
t facto t rules t governingtthe t global t business t environment.
Comparative tlaw—the t field tof tlaw tthat tstudies t and tcompares
t laws tin t different tcountries.
Appendix ton Critical t thinking t includes t the t application t of t evaluative t standards t to
tCritical t Thinking t assess t the t quality t or t the t reasoning t being t offered t to t support t the
tand t Business t conclusion. t Critical t thinkers t will tfollow tthis tpattern tof tcareful t thinking twhen
tthey tread t tan targument:
1. Find tthe tfacts.
2. Look tfor tthe tissue.
3. Identify tthe tjudge‘s treasons tand tconclusion.
4. Locate tin tthe tdecision tthe trules tof tlaw tthat tgovern tthe tjudge‘s treasoning.
5. Apply tcritical tthinking tto tthe treasoning. tEvaluate tthe treasoning.
Look tfor tpotential tambiguity.
Consider tthe tstrength tof tanalogies.
