Higher Education

Essentials of Business Law and the Legal Environment, 11th Edition

  • Richard A. Mann The University of North Carolina at Chapel Hill
  • Barry S. Roberts The University of North Carolina at Chapel Hill
  • ISBN-10: 113318863X  |  ISBN-13: 9781133188636
  • 1152 Pages
  • Previous Editions: 2010, 2007, 2004
  • © 2013 | Published
  • College Bookstore Wholesale Price = $313.50
  • Newer Edition Available
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About

Overview

ESSENTIALS OF BUSINESS LAW AND THE LEGAL ENVIRONMENT, 11TH EDITION gives your students a complete understanding of business law and today's legal environment with a reader-focused, straightforward approach. Cases are carefully summarized and integrated in order to present both recent legal issues and landmark court decisions in a way that minimizes legal jargon. This edition thoroughly addresses a broad variety of key subjects and ethical issues while covering all business law topics required for success on today's CPA exam.

Features and Benefits

  • Applying the Law Feature - Teach your students how to effectively apply legal reasoning to cases and legal issues using the Issue, Rule, Application and Conclusion (IRAC) method. Students hone their abilities as each feature depicts a realistic situation that focuses on a single chapter's concept. The "Applying the Law" feature appears in (13) chapters.
  • Ethics Coverage - A variety of managerial case studies demonstrate how ethics apply to business as well as law. Students examine corporate governance, corporate scandals and Sarbanes Oxley. In addition, an Integrated Ethics Case walks students through an insider trading situation at Vulcan, Inc., a realistic multinational, Fortune-200 company and provides opportunity to debate a variety of related ethical issues.
  • Critical Thinking Activities - Guide students in examining legal policies or reasoning surrounding a court's decision and strengthen their analytical skills with Critical Thinking Questions that follow every chapter case. The end-of-chapter Questions and Problems highlight realistic and actual situations and case problems to help students apply chapter concepts. Corresponding answers in the Instructor Manual make it easier to clarify supporting concepts.
  • Concept Review and Business Law in Action Features - Give students meaningful insights into why they should learn legal concepts and how today's managers apply the law using longer examples of business law in action within workplace situations.

Table of Contents

Part I: INTRODUCTION TO LAW AND ETHICS.
1. Introduction to Law.
2. Business Ethics.
Part II: THE LEGAL ENVIRONMENT OF BUSINESS.
3. Civil Dispute Resolution.
4. Constitutional Law.
5. Administrative Law.
6. Criminal Law.
7. Intentional Torts.
8. Negligence and Strict Liability.
Part III: CONTRACTS.
9. Introduction to Contracts.
10. Mutual Assent.
11. Conduct Invalidating Assent.
12. Consideration.
13. Illegal Bargains.
14. Contractual Capacity.
15. Contracts in Writing.
16. Third Parties to Contracts.
17. Performance, Breach, and Discharge.
18. Contract Remedies.
Part IV: SALES.
19. Introduction to Sales and Leases.
20. Performance.
21. Transfer of Title and Risk of Loss.
22. Product Liability: Warranties and Strict Liability.
23. Sales Remedies.
Part V: NEGOTIABLE INSTRUMENTS.
24. Form and Content.
25. Transfer and Holder in Due Course..
26. Liability of Parties.
27. Bank Deposits, Collections, and Funds Transfers.
Part VI: AGENCY.
28. Relationship of Principal and Agent.
29. Relationship with Third Parties.
Part VII: BUSINESS ASSOCIATIONS.
30. Formation and Internal Relations of General Partnerships.
31. Operation and Dissolution of General Partnerships.
32. Limited Partnerships and Limited Liability Companies.
33. Nature and Formation of Corporations.
34. Financial Structure of Corporations.
35. Management Structure of Corporations.
36. Fundamental Changes of Corporations.
Part VIII: DEBTOR AND CREDITOR RELATIONS.
37. Secured Transactions and Suretyship.
38. Bankruptcy.
Part IX: REGULATION OF BUSINESS.
39. Securities Regulation.
40. Intellectual Property.
41. Employment Law.
42. Antitrust.
43. Accountants' Legal Liability.
44. Consumer Protection.
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 Wills.

What's New

  • NEW! A new feature has been added to the end-of-chapter content. "Taking Sides" takes case content and presents both sides of the case issue so that students have the opportunity to fully apply legal concepts learned in the course.
  • NEW! The "Negotiable Instruments" section has been streamlined. Chapters 25 and 26 have been combined into one chapter, titled "Transfer and Holder in Due Course".
  • NEW! Relevant examples of current cases that are defining how key principles of business law are applied in the United States are included. More than (25) new cases were added, including recent U.S. Supreme Court decisions such as: RENT-A-CENTER WEST, INC. V. JACKSON, WILLIAMSON V. MAZDA MOTOR OF AMERICA, INC., and AMERICAN NEEDLE, INC. V. NATIONAL FOOTBALL LEAGUE.
  • NEW! The current edition includes updated coverage of important consumer protection legislation such as the Credit Card Bill of Rights and the Mortgage Disclosure Improvement Act. This allows students to develop a detailed understanding of key laws that will affect the way they will conduct business as a working professional.
  • NEW! Updated "Ethical Dilemma" features in selected chapters.

Efficacy and Outcomes

Reviews

"The coverage and organization is excellent in these [Contracts] chapters. Many a former student who has gone on to law school has returned after graduating from law school to say that my teaching from these chapters 'saved [him or her] in law school.'"

— John H. Neu, Ph.D., Whittier College

"I have used this textbook for years [and] I believe that it is very student friendly. The material is sound and well-presented…."

— H. Daniel Holt, Southeastern Illinois College

Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Digital Video Library 2-Semester Instant Access Code  (ISBN-10: 111196792X | ISBN-13: 9781111967925)

Instructor's Resource CD-ROM  (ISBN-10: 1133626130 | ISBN-13: 9781133626138)

Student Guide to the Sarbanes-Oxley Act  (ISBN-10: 0324827199 | ISBN-13: 9780324827194)

Enron was once the seventh-largest company on the Fortune 500. Yet, in the wake of revelations of accounting irregularities and securities fraud, it became entangled in the greatest business scandal of a generation and was essentially blinked out of existence after declaring bankruptcy. Similar accounting scandals at Global Crossing, Tyco, WorldCom, Adelphia, HealthSouth, and other companies prompted Congress to pass the Sarbanes-Oxley Act (SOX) in June 2002. This revolutionary act, which embodies the most significant securities law changes since the original federal securities laws of 1933 and 1934, contains provisions that create a new federal agency, restructure the entire accounting industry, reform Wall Street practices, dramatically alter corporate governance practices here and abroad, and attack insider trading and obstruction of justice. A lot has happened since its passage. The Public Company Accounting Oversight Board (PCAOB) has come into being, and the PCAOB and the Securities Exchange Commission (SEC) have issued countless rules to implement the SOX's many legislative mandates. This short guide focuses not only on what each part and section of the SOX means but also on what businesses need to know now that is has been implemented.

List Price = $40.95  | CengageBrain Price = $40.95  | College Bookstore Wholesale Price = $30.75

Student Guide to Sustainabillity, Law, and Ethics  (ISBN-10: 1285752120 | ISBN-13: 9781285752129)

Enhance your Business Law or Legal Environment course with this short student guide on how law and ethics play a part in moving business and society toward (or away from) sustainability. You can assign all or part of this guide to supplement your Cengage textbook to illustrate how our laws occasionally boost, but more often impose barriers to, long-term sustainable planning at both the corporate and national level. The guide provides supplemental materials for Constitutional law, corporate and securities law, torts and contracts, real estate law, and international law and a brief but thorough introductory chapter on sustainability, law, and ethics.

List Price = $39.95  | CengageBrain Price = $39.95  | College Bookstore Wholesale Price = $30.00

Student Supplements

LMS Integrated for CourseMate, 1 term (6 months) Instant Access  (ISBN-10: 1285370384 | ISBN-13: 9781285370385)

The more you study, the better the results. Make the most of your study time by accessing everything you need to succeed in your business law course in one place. Read your eBook, take notes, review flashcards, view videos, and take practice quizzes—all online with MindLink for CourseMate.

List Price = $291.00  | CengageBrain Price = $291.00  | College Bookstore Wholesale Price = $291.00

Digital Video Library 2-Semester Instant Access Code  (ISBN-10: 111196792X | ISBN-13: 9781111967925)

List Price = $38.00  | College Bookstore Wholesale Price = $38.00

Blackboard MindLink for CourseMate, 1 term (6 months) Instant Access  (ISBN-10: 128537150X | ISBN-13: 9781285371504)

The more you study, the better the results. Make the most of your study time by accessing everything you need to succeed in your business law course in one place. Read your eBook, take notes, review flashcards, view videos, and take practice quizzes—all online with MindLink for CourseMate on Blackboard.

List Price = $291.00  | CengageBrain Price = $291.00  | College Bookstore Wholesale Price = $291.00

Flash Cards Instant Access  (ISBN-10: 1285797353 | ISBN-13: 9781285797359)

Flashcards designed to work with your text can help you to review and learn essential terms and key concepts. Interactive flashcards include terms and definitions for each chapter. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, flash cards are already included.

List Price = $4.00  | CengageBrain Price = $4.00  | College Bookstore Wholesale Price = $4.00

Student Guide to the Sarbanes-Oxley Act  (ISBN-10: 0324827199 | ISBN-13: 9780324827194)

Enron was once the seventh-largest company on the Fortune 500. Yet, in the wake of revelations of accounting irregularities and securities fraud, it became entangled in the greatest business scandal of a generation and was essentially blinked out of existence after declaring bankruptcy. Similar accounting scandals at Global Crossing, Tyco, WorldCom, Adelphia, HealthSouth, and other companies prompted Congress to pass the Sarbanes-Oxley Act (SOX) in June 2002. This revolutionary act, which embodies the most significant securities law changes since the original federal securities laws of 1933 and 1934, contains provisions that create a new federal agency, restructure the entire accounting industry, reform Wall Street practices, dramatically alter corporate governance practices here and abroad, and attack insider trading and obstruction of justice. A lot has happened since its passage. The Public Company Accounting Oversight Board (PCAOB) has come into being, and the PCAOB and the Securities Exchange Commission (SEC) have issued countless rules to implement the SOX's many legislative mandates. This short guide focuses not only on what each part and section of the SOX means but also on what businesses need to know now that is has been implemented.

List Price = $40.95  | CengageBrain Price = $40.95  | College Bookstore Wholesale Price = $30.75

Quizzing Instant Access  (ISBN-10: 1285793552 | ISBN-13: 9781285793559)

Interactive practice quizzes designed to work with your text can help you to review and learn essential terms and key concepts. True/false and multiple choice questions are included for each chapter. Check your score and take quizzes again if needed. A reference for where to find more material in the text is included with each answer. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, flash cards are already included.

List Price = $6.00  | CengageBrain Price = $6.00  | College Bookstore Wholesale Price = $6.00

Student Guide to Sustainabillity, Law, and Ethics  (ISBN-10: 1285752120 | ISBN-13: 9781285752129)

Enhance your knowledge of business law or the legal environment with this short student guide on how law and ethics play a part in moving business and society toward (or away from) sustainability. The guide illustrates how our laws occasionally boost, but more often impose barriers to, long-term sustainable planning at both the corporate and national level. It provides supplemental materials for Constitutional law, corporate and securities law, torts and contracts, real estate law, and international law and a brief but thorough introductory chapter on sustainability, law, and ethics.

List Price = $39.95  | CengageBrain Price = $39.95  | College Bookstore Wholesale Price = $30.00

Quizzing with Flash Cards Instant Access  (ISBN-10: 128578975X | ISBN-13: 9781285789750)

Interactive practice quizzes and flashcards designed to work with your text can help you to review and learn essential terms and key concepts. Flashcards contain terms and definitions for each chapter. Practice quizzes consist of true/false and multiple choice questions for each chapter. Check your score and take quizzes again if needed. A reference for where to find more material in the text is included with each answer. This is instant access product; at the completion of your purchase, simply go to "My Home" and gain immediate access to your product. Note: If you have purchased CourseMate for your title, practice quizzes and flashcards are already included.

List Price = $6.00  | CengageBrain Price = $6.00  | College Bookstore Wholesale Price = $6.00

Meet the Author

Author Bio

Richard A. Mann

Richard A. Mann received a B.S. in Mathematics from the University of North Carolina at Chapel Hill and a J.D. from Yale Law School. He is professor of Business Law emeritus at the Kenan-Flagler School of Business, University of North Carolina at Chapel Hill, and is past president of the Southeastern Regional Business Law Association. Professor Mann is a member of Who's Who in America, Who's Who in American Law, and the North Carolina Bar (inactive). He has written extensively on a number of legal topics, including bankruptcy, sales, secured transactions, real property, insurance law, and business associations. Professor Mann has received the American Business Law Journal’s award both for the best article and for the best comment and, in addition, has served as a reviewer and staff editor for the publication. Professor Mann is a co-author of SMITH & ROBERSON'S BUSINESS LAW, BUSINESS LAW AND THE REGULATION OF BUSINESS, ESSENTIALS OF BUSINESS LAW AND THE LEGAL ENVIRONMENT, and CONTEMPORARY BUSINESS LAW.

Barry S. Roberts

The University of North Carolina at Chapel Hill Bio: Barry S. Roberts received a B.S. in Business Administration from Pennsylvania State University, a J.D. from the University of Pennsylvania, and an LL.M. from Harvard Law School. He served as a judicial clerk for the Pennsylvania Supreme Court prior to practicing law in Pittsburgh. Professor Roberts is professor of Business Law at the Kenan-Flagler School of Business, University of North Carolina at Chapel Hill, and is a member of Who's Who in American Law and the North Carolina and Pennsylvania Bars (inactive). He has written numerous articles on such topics as antitrust, products liability, constitutional law, banking law, employment law, and business associations. Professor Roberts has been a reviewer and staff editor for the American Business Law Journal. He is a co-author of SMITH & ROBERSON'S BUSINESS LAW, BUSINESS LAW AND THE REGULATION OF BUSINESS, ESSENTIALS OF BUSINESS LAW AND THE LEGAL ENVIRONMENT, and CONTEMPORARY BUSINESS LAW.