Solution
Manual
Dynamic Business Law, 6th Edi
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 authors 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, marketing, 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 encourage 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 cu
In addition to ideas students come up with on their own, consider we
For Chapter One, McGraw Hill offers the following stories:
―Smoking Ban: Tobacco Tyrants: Gone Too Far? Many States Are Putt
Have states gone too far in banning smoking?
, Whose interests are state legislatures looking
out for in banning smoking?
―College Officer Dealings With Lenders Scrutinized.‖
Should regulators take a more careful look at college
officers?
1-1 Define Business law consists of the enforceable rules of
business law. conduct that govern commercial relationships.
1-2 Relate Business law applies to the six functional areas of business:
the Corporate management
functional Production and transportation
areas of Marketing
business to
Research and development
the relevant
areas of Accounting and finance
business Human resource management
1-3 Recall Providing order
the Serving as an alternative to fighting
purposes Facilitating a sense that change is possible
of law. Encouraging social justice
Guaranteeing personal freedoms
Serving as a moral guide
1-4 One way to classify law:
Distinguish Private law involves disputes between private individuals
among types or groups.
of law. Public law involves disputes between private
individuals or groups and their government.
A second way to classify law:
Civil law involves the rights and responsibilities involved
in relationshipsbetween persons and between persons
and their government.
Criminal law involves incidents in which someone
commits an act against the public as a unit.
1-5 Sources of business law are:
Differentiate 1. Constitutions
between Constitutional law refers to the general limits and
sources of powers of governments as stated in their written
the law. constitutions.
2. Statutes or legislative actions
3. Cases
Case law (or common law) is the collection of legal
interpretations made by judges.
Stare decisis means courts are relying on precedent.
, 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 made by administrative agencies.
5. Treaties
A treaty is a binding agreement between two
states or international organizations.
6. Executive orders
1-6 Identify An executive
Schools order is aare
of jurisprudence directive
common that comes
guides tofrom
legalthe
the various interpretation.
schools of Natural law—certain ethical laws and principles are
jurisprudenc morally right and
e. ―above‖ the laws devised by humans.
Legal Positivism—assumes the legitimate
political authority deserves our obedience 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.
Global and Legal
At this pointRealism—judges consider
in the textbook, social
students and economic
should merely
Comparativ have an awareness that globalization has affected the
e Law scope of business law. Consequently, we highlight the
definitions to the following key terms that will come up
later in the book:
Trade, i.e. the exchange of goods or services, on a
global scale has ledto the creation of trade
agreements that serve as de facto rules governing
the global business environment.
Appendix on Critical thinking includes the application of evaluative
Critical standards to assess the quality or the reasoning being
Thinking and offered to support the conclusion. Critical thinkers will
Business follow this pattern of careful thinking when they read an
argument:
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
Manual
Dynamic Business Law, 6th Edi
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 authors 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, marketing, 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 encourage 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 cu
In addition to ideas students come up with on their own, consider we
For Chapter One, McGraw Hill offers the following stories:
―Smoking Ban: Tobacco Tyrants: Gone Too Far? Many States Are Putt
Have states gone too far in banning smoking?
, Whose interests are state legislatures looking
out for in banning smoking?
―College Officer Dealings With Lenders Scrutinized.‖
Should regulators take a more careful look at college
officers?
1-1 Define Business law consists of the enforceable rules of
business law. conduct that govern commercial relationships.
1-2 Relate Business law applies to the six functional areas of business:
the Corporate management
functional Production and transportation
areas of Marketing
business to
Research and development
the relevant
areas of Accounting and finance
business Human resource management
1-3 Recall Providing order
the Serving as an alternative to fighting
purposes Facilitating a sense that change is possible
of law. Encouraging social justice
Guaranteeing personal freedoms
Serving as a moral guide
1-4 One way to classify law:
Distinguish Private law involves disputes between private individuals
among types or groups.
of law. Public law involves disputes between private
individuals or groups and their government.
A second way to classify law:
Civil law involves the rights and responsibilities involved
in relationshipsbetween persons and between persons
and their government.
Criminal law involves incidents in which someone
commits an act against the public as a unit.
1-5 Sources of business law are:
Differentiate 1. Constitutions
between Constitutional law refers to the general limits and
sources of powers of governments as stated in their written
the law. constitutions.
2. Statutes or legislative actions
3. Cases
Case law (or common law) is the collection of legal
interpretations made by judges.
Stare decisis means courts are relying on precedent.
, 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 made by administrative agencies.
5. Treaties
A treaty is a binding agreement between two
states or international organizations.
6. Executive orders
1-6 Identify An executive
Schools order is aare
of jurisprudence directive
common that comes
guides tofrom
legalthe
the various interpretation.
schools of Natural law—certain ethical laws and principles are
jurisprudenc morally right and
e. ―above‖ the laws devised by humans.
Legal Positivism—assumes the legitimate
political authority deserves our obedience 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.
Global and Legal
At this pointRealism—judges consider
in the textbook, social
students and economic
should merely
Comparativ have an awareness that globalization has affected the
e Law scope of business law. Consequently, we highlight the
definitions to the following key terms that will come up
later in the book:
Trade, i.e. the exchange of goods or services, on a
global scale has ledto the creation of trade
agreements that serve as de facto rules governing
the global business environment.
Appendix on Critical thinking includes the application of evaluative
Critical standards to assess the quality or the reasoning being
Thinking and offered to support the conclusion. Critical thinkers will
Business follow this pattern of careful thinking when they read an
argument:
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
