SolutionManual
n
DynamicBusinessLaw:TheEssentials,
n n n n
6thEditionKubasek,Browne,AllChapters1-25),
n n n n n n
,TABLEOFCONTENTS n n n
PART 1: The Legal Environment of Business
n n n n n n
C h. 1 An Introduction to the Fundamentals of Dynamic Business Law Ch. 2 Business
n n n n n n n n n n n n n n
Ethics and Social Responsibility
n n n n
Ch. 3 The U.S. Legal System and Alternative Dispute Resolution Ch. 4
n n n n n n n n n n n
Administrative Law
n n
Ch. 5 Constitutional Law
n n n
Ch. 6 Criminal Law and Business Ch. 7 Tort
n n n n n n n n
Law
n
Ch. 8 Real, Personal, and Intellectual Property
n n n n n n
PART 2: Contract Law n n n
Ch. 9 Introduction to Contracts and Agreement Ch. 10
n n n n n n n n
Consideration
n
Ch. 11 Capacity and Legality Ch. 12
n n n n n n
Reality of Assent
n n n
Ch. 13 Contracts in Writing and Third-Party Contracts Ch. 14
n n n n n n n n n
Discharge and Remedies
n n n
Part 3: Domestic and International Sales Law
n n n n n n
Ch. 15 Formation and Performance of Sales and Lease Contracts
n n n n n n n n n
Ch. 16 Sales and Lease Contracts: Performance, Warranties, and Remedies
n n n n n n n n n
PART 4: Negotiable Instruments and Banking
n n n n n
Ch. 17 Negotiable Instruments: Negotiability and Transferability Ch. 18
n n n n n n n n
Holder in Due Course, Liability, and Defenses
n n n n n n n
,PART 5: Creditors' Rights and Bankruptcy Ch. 19
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Secured Transactions and Bankruptcy
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PART 6: Agency
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Ch. 20 Agency and Liability to Third Parties
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PART 7: Business Organizations
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Ch. 21 Forms of Business Organization
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Ch. 22 Corporations: Formation and Organization Ch. 23
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Securities Regulation
n n
PART 8: Government Regulation
n n n
Ch. 24 Employment and Discrimination Law Ch. 25
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Consumer Law
n n
, Chapter 1- An Introduction to Dynamic Business Law n n n n n n n n
CHAPTER OVERVIEW n
Chapter One lays the foundation for the textbook. Make sure you look on the publisher‘s web site
n n n n n n n n n n n n n n n n
for information about how business law intersects with the six functional areas of business. The authors
n n n n n n n n n n n n n n n n n
nencourage students to ―connect to the core,‖ and remember the ways in which law intersects with other areas
n n n n n n n n n n n n n n n n n
nof study, including corporate management, production and transportation, marketing, research and
n n n n n n n n n n
ndevelopment, accounting and finance, and human resource management. n n n n n n n
This manual supports the ―connecting to the core‖ theme by giving ideas for assignments that
n n n n n n n n n n n n n n
encourage students to integrate their business law knowledge with knowledge they are acquiring
n n n n n n n n n n n n n
nfrom their other business classes. The manual also encourages professors to improve their teaching skills.
n n n n n n n n n n n n n n
Finally, the manual suggests teaching ideas for both beginning and experienced teachers.
n n n n n n n n n n n n
LEARNING OBJECTIVES n
After reading this chapter, students will be able to:
n n n n n n n n
1-1 Definebusiness law. n n
1-2 Relate the functional areas of business to the relevant areas of business law1-
n n n n n n n n n n n n
n3 Recall the purposes of law.
n n n n n
1-4 Distinguish among types of law. n n n n
1-5 Differentiate between sources of the law. n n n n n
1-6 Identify the various schools of jurisprudence. n n n n n
LECTURE NOTES WITH DEFINITIONS n n n
In the news…
n n Teaching tip: For each chapter, consider asking students to relate current news
n n n n n n n n n n n
nitems to material from the chapter. n n n n n
In addition to ideas students come up with on their own, consider weaving in
n n n n n n n n n n n n n
nnews stories provided by the McGraw Hill.
n n n n n n
For Chapter One, McGraw Hill offers the following stories:
n n n n n n n n
―Smoking Ban: Tobacco Tyrants: Gone Too Far? Many States Are Putting n n n n n n n n n n
Stronger Restrictions on Where You Can Smoke‖
n n n n n n n
• Have states gone too far in banning smoking? n n n n n n n
n
DynamicBusinessLaw:TheEssentials,
n n n n
6thEditionKubasek,Browne,AllChapters1-25),
n n n n n n
,TABLEOFCONTENTS n n n
PART 1: The Legal Environment of Business
n n n n n n
C h. 1 An Introduction to the Fundamentals of Dynamic Business Law Ch. 2 Business
n n n n n n n n n n n n n n
Ethics and Social Responsibility
n n n n
Ch. 3 The U.S. Legal System and Alternative Dispute Resolution Ch. 4
n n n n n n n n n n n
Administrative Law
n n
Ch. 5 Constitutional Law
n n n
Ch. 6 Criminal Law and Business Ch. 7 Tort
n n n n n n n n
Law
n
Ch. 8 Real, Personal, and Intellectual Property
n n n n n n
PART 2: Contract Law n n n
Ch. 9 Introduction to Contracts and Agreement Ch. 10
n n n n n n n n
Consideration
n
Ch. 11 Capacity and Legality Ch. 12
n n n n n n
Reality of Assent
n n n
Ch. 13 Contracts in Writing and Third-Party Contracts Ch. 14
n n n n n n n n n
Discharge and Remedies
n n n
Part 3: Domestic and International Sales Law
n n n n n n
Ch. 15 Formation and Performance of Sales and Lease Contracts
n n n n n n n n n
Ch. 16 Sales and Lease Contracts: Performance, Warranties, and Remedies
n n n n n n n n n
PART 4: Negotiable Instruments and Banking
n n n n n
Ch. 17 Negotiable Instruments: Negotiability and Transferability Ch. 18
n n n n n n n n
Holder in Due Course, Liability, and Defenses
n n n n n n n
,PART 5: Creditors' Rights and Bankruptcy Ch. 19
n n n n n n n
Secured Transactions and Bankruptcy
n n n n
PART 6: Agency
n n
Ch. 20 Agency and Liability to Third Parties
n n n n n n n
PART 7: Business Organizations
n n n
Ch. 21 Forms of Business Organization
n n n n n
Ch. 22 Corporations: Formation and Organization Ch. 23
n n n n n n n
Securities Regulation
n n
PART 8: Government Regulation
n n n
Ch. 24 Employment and Discrimination Law Ch. 25
n n n n n n n
Consumer Law
n n
, Chapter 1- An Introduction to Dynamic Business Law n n n n n n n n
CHAPTER OVERVIEW n
Chapter One lays the foundation for the textbook. Make sure you look on the publisher‘s web site
n n n n n n n n n n n n n n n n
for information about how business law intersects with the six functional areas of business. The authors
n n n n n n n n n n n n n n n n n
nencourage students to ―connect to the core,‖ and remember the ways in which law intersects with other areas
n n n n n n n n n n n n n n n n n
nof study, including corporate management, production and transportation, marketing, research and
n n n n n n n n n n
ndevelopment, accounting and finance, and human resource management. n n n n n n n
This manual supports the ―connecting to the core‖ theme by giving ideas for assignments that
n n n n n n n n n n n n n n
encourage students to integrate their business law knowledge with knowledge they are acquiring
n n n n n n n n n n n n n
nfrom their other business classes. The manual also encourages professors to improve their teaching skills.
n n n n n n n n n n n n n n
Finally, the manual suggests teaching ideas for both beginning and experienced teachers.
n n n n n n n n n n n n
LEARNING OBJECTIVES n
After reading this chapter, students will be able to:
n n n n n n n n
1-1 Definebusiness law. n n
1-2 Relate the functional areas of business to the relevant areas of business law1-
n n n n n n n n n n n n
n3 Recall the purposes of law.
n n n n n
1-4 Distinguish among types of law. n n n n
1-5 Differentiate between sources of the law. n n n n n
1-6 Identify the various schools of jurisprudence. n n n n n
LECTURE NOTES WITH DEFINITIONS n n n
In the news…
n n Teaching tip: For each chapter, consider asking students to relate current news
n n n n n n n n n n n
nitems to material from the chapter. n n n n n
In addition to ideas students come up with on their own, consider weaving in
n n n n n n n n n n n n n
nnews stories provided by the McGraw Hill.
n n n n n n
For Chapter One, McGraw Hill offers the following stories:
n n n n n n n n
―Smoking Ban: Tobacco Tyrants: Gone Too Far? Many States Are Putting n n n n n n n n n n
Stronger Restrictions on Where You Can Smoke‖
n n n n n n n
• Have states gone too far in banning smoking? n n n n n n n
