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The most complete, credible, and authentic business law text available, the Sixteenth Edition of SMITH & ROBERSON'S BUSINESS LAW by Richard A. Mann and Barry S. Roberts continues a long tradition of accuracy, thoroughness, and consistent coverage of the latest issues and emerging trends. This updated classic delivers a comprehensive, detailed presentation of business law that covers all topics included in the business law section of the certified public accountant (CPA) exam. In addition, this text covers the legal responsibilities and liabilities of accountants section and the corporate governance portion of business environment and concepts section of the CPA Exam. The cases--located at the end of each chapter--offer an excellent mix of landmark and current decisions and are edited to preserve a large portion of the language of the court. Proven, comprehensive, and completely up-to-date, this trusted and thorough text will challenge and engage your students--and ensure they leave your class with a solid understanding of modern business law.
- Significant Updates to the Law: The chapter on Constitutional Law (Chapter 4) discusses the U.S. Supreme Court's decision in the case challenging the constitutionality of the Patient Protection and Affordable Care Act. The two Torts chapters (Chapters 7 and 24) have been revised to incorporate Volume 2 of the new Restatement of the Law Third, Torts: Liability for Physical and Emotional Harm, which was approved and published in 2011. The Secured Transactions chapter (Chapter 37) covers the most significant provisions of the 2010 amendments to Article 9. The Intellectual Property chapter (Chapter 39) includes the changes made by the Leahy-Smith America Invents Act of 2011. The chapter on Securities Regulation (Chapter 43) covers the Jumpstart Our Business Startups Act of 2012, the Stop Trading on Congressional Knowledge Act of 2012, and the U.S. Securities and Exchange Commission's new disclosure rules clarifying how companies can use social media to disseminate information.
- Applying the Law: A number of chapters include a new eature that provides a systematic legal analysis of a specific concept learned in that chapter. It consists of (1) the facts of a hypothetical case, (2) an identification of the broad legal issue presented by those facts, (3) a statement of the applicable rule, (4) the application of the rule to the facts, and (5) a legal conclusion in the case.
- New Legal Cases: More than thirty legal cases are new to this edition including a number of recent significant U.S. Supreme Court decisions.
- Practical Advice: Each chapter contains a number of these new features, which are statements that illustrate how legal concepts covered in that chapter can be applied to common business situations.
- Taking Sides: Each chapter--except for Chapters 1 and 2--has added a new end-of-chapter feature that requires students to apply critical thinking skills to a case-based fact situation. The students are asked to identify the relevant legal rules and develop arguments for both parties to the dispute. In addition, the students are asked to explain how they think a court would resolve the dispute.
- Chapter Objectives: Each chapter now begins with a list of learning objectives for the student.
- Thought-provoking questions and in-depth case and hypothetical end-of-chapter problems challenge students to explore the implications of each situation, helping them enhance their understanding of key concepts while developing the critical-thinking skills they will need to succeed in today's business environment.
- Integrated throughout the text are 170 insightful figures, tables, and diagrams that, in an engaging and effective way, illustrate the chapter discussion, indicate relationships between different legal rules, and reinforce key points. They present a unique way for students to learn and master the text material.
- Summaries at the end of every chapter, in the form of an annotated outline including key terms, allow students to review the legal principles covered before examining their application in the case and hypothetical problems.
- This time-tested, dependable classic continues to set the standard for accuracy and thoroughness for undergraduate business law texts. Widely acclaimed for its longstanding tradition of being uniquely authoritative, comprehensive, and reliable, the text continues to maintain its signature approach while providing up-to-date coverage of current business law topics in the text and ancillaries.
- Containing an excellent assortment of landmark and current cases, the text's thorough cases are edited to preserve the language of the court and are longer than cases in other texts. In addition, the end-of-chapter placement and treatment of cases makes it easy to adopt a true black-letter-law case analysis approach if you prefer to teach the material this way.
- The text includes abundant realistic examples--both actual and hypothetical--to illuminate legal principles, illustrate often complex topics in the context of real-life scenarios, and help students gain a more concrete understanding of business law.
1. Introduction to Law.
2. Business Ethics and the Social Responsibility of Business.
3. Civil Dispute Resolution.
4. Constitutional Law.
5. Administrative Law.
6. Criminal Law.
7. Intentional Torts.
8. Negligence and Strict Liability.
PART II: CONTRACTS.
9. Introduction to Contracts.
10. Mutual Assent.
11. Conduct Invalidating Assent.
13. Illegal Bargains.
14. Contractual Capacity.
15. Contracts in Writing.
16. Third Parties to Contracts.
17. Performance, Breach, and Discharge.
18. Contract Remedies.
PART III: AGENCY.
19. Relationship of Principal and Agent.
20. Relationship with Third Parties.
PART IV: SALES.
21. Introduction to Sales and Leases.
23. Transfer of Title and Risk of Loss.
24. Products Liability: Warranties and Strict Liability in Tort.
25. Sales Remedies.
PART V: NEGOTIABLE INSTRUMENTS.
26. Form and Content.
27. Transfer and Holder in Due Course.
28. Liability of Parties.
29. Bank Deposits, Collections, and Funds Transfers.
PART VI: UNINCORPORATED BUSINESS ASSOCIATIONS.
30. Formation and Internal Relations of General Partnerships.
31. Operation and Dissolution of General Partnerships.
32. Limited Partnerships and Limited Liability Companies.
PART VII: CORPORATIONS.
33. Nature, Formation, and Powers.
34. Financial Structure.
35. Management Structure.
36. Fundamental Changes.
PART VIII: DEBTOR AND CREDITOR RELATIONS.
37. Secured Transactions and Suretyship.
PART IX: REGULATION OF BUSINESS.
39. Protection of Intellectual Property.
41. Consumer Protection.
42. Employment Law.
43. Securities Regulation.
44. Accountants' Legal Liability.
45. Environmental Law.
46. International Business Law.
PART X: PROPERTY.
47. Introduction to Property, Property Insurance, Bailments, and Documents of Title.
48. Interests in Real Property.
49. Transfer and Control of Real Property.
50. Trusts and Decedents' Estates.
Cengage Learning Testing, powered by Cognero® Instant Access
Cengage Learning Testing, powered by Cognero®, is a flexible, online system that allows you to import, edit, and manipulate content from the text's test bank or elsewhere, including your own favorite test questions. Create multiple test versions in an instant and deliver tests from your LMS, your classroom, or wherever you want.
Instructor’s Companion Website
Find the teaching tools you need at your fingertips. For your convenience, this edition’s website includes the Instructor's Manual, the Test Bank, and the PowerPoint® slides in one easily accessible resource.