Higher Education

Cengage Advantage Books: Law for Business, 18th Edition

  • The Honorable John D. Ashcroft, J.D. Regent University School of Law
  • Janet Ashcroft, J.D. Howard University
  • ISBN-10: 1133587615  |  ISBN-13: 9781133587613
  • 608 Pages
  • Previous Editions: 2011, 2008, 2005
  • © 2014 | Published
  • College Bookstore Wholesale Price = $192.75
  • Newer Edition Available
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About

Overview

Practical and accessible, LAW FOR BUSINESS provides a concise yet complete overview of all key topics in business law, allowing for maximum breadth of coverage for courses with tight time constraints. This popular and trusted text is known for its straightforward approach as well as an objective-based chapter organization that helps students easily comprehend the full range of topics in business law. Basic business law concepts are covered without extensive theory, thus making the law more approachable and giving students the foundation they need to successfully conduct business in today's workplace. Ashcroft and Ashcroft use short chapters, a four-color design, real-world examples and applications, and integrated learning objectives to make business law approachable and engaging for all students.

Features and Benefits

  • Ethical Points Questions: Brief ethical questions appear in the margins. These questions explore the variety of ethical issues that may arise in business situations. "Ethical Points" highlight pertinent ethical issues, show the relationships between law and ethics, and serve as a basis for class discussion.
  • Ethics in Practice: Each text Part ends with an "Ethics in Practice" hypothetical business situation, which asks students to consider the ethical implications. "Ethics in Practice" reinforces the importance of ethical responsibility in today's climate of corporate scandal and recrimination.
  • Learning Objectives. Chapters are unified by "Learning Objectives." These provide an integrated learning system that helps students master the material and helps instructors match content to specific learning outcomes. Margin icons indicate where "Learning Objectives" outlined at the beginning of each chapter are first discussed within the body of the chapter, and appear again with the end-of-chapter case problems to explicitly tie assignment material together with the appropriate concept from the chapter.
  • Real-World Cases: Every case example, problem, and summary is from an actual U.S. court case. The case summaries in each chapter are very brief, easy-to-understand applications of the concepts, and are carefully chosen to illustrate practical situations the typical student audience for this text can easily relate to or in which they could potentially see themselves in everyday life or on the job.
  • Preview Cases: Every chapter begins with a "Preview Case" to capture student interest and introduce the issues to be discussed. Each "Preview Case" ends with a question that is answered in the boxed feature, called "Preview Case Revisited," when that topic appears in the chapter sequence.

Table of Contents

PART I: THE LEGAL SYSTEM AND THE LEGAL ENVIRONMENT OF BUSINESS.
1. Introduction to Law.
2. Courts and Court Procedures.
3. Business Torts and Crimes.
4. Government Regulation of Business.
PART II: CONTRACTS.
5. Nature and Classes of Contracts.
6. Offer and Acceptance.
7. Capacity to Contract.
8. Consideration.
9. Defective Agreements.
10. Illegal Agreements.
11. Written Contracts.
12. Third Parties and Contracts.
13. Termination of Contracts.
PART III: PERSONAL PROPERTY.
14. Nature of Personal Property.
15. Special Bailments.
PART IV: SALES.
16. Sales of Personal Property.
17. Formalities of a Sale.
18. Transfer of Title and Risk in Sales Contracts.
19. Warranties, Product Liability, and Consumer Protection.
PART V: NEGOTIABLE INSTRUMENTS.
20. Nature of Negotiable Instruments.
21. Essentials of Negotiability.
22. Promissory Notes and Drafts.
23. Negotiation and Discharge.
24. Liabilities of Parties and Holders in Due Course.
25. Defenses.
PART VI: AGENCY AND EMPLOYMENT.
26. Nature and Creation of an Agency.
27. Operation and Termination of an Agency
28. Employer and Employee Relations.
29. Employees' Rights.
30. Labor Legislation.
PART VII: BUSINESS ORGANIZATION.
31. Introduction to Business Organizations.
32. Creation and Operation of a Partnership.
33. Dissolution of a Partnership.
34. Nature of a Corporation.
35. Ownership of a Corporation.
36. Management and Dissolution of a Corporation.
PART VIII: RISK. BEARING DEVICES.
37. Principles of Insurance.
38. Types of Insurance.
39. Security Devices.
40. Bankruptcy.
PART IX: REAL PROPERTY.
41. Nature of Real Property.

What's New

  • New Court Cases have been added to the 18th edition to illustrate today's most compelling business litigations and ethical stands of various entities.
  • CourseMate: CourseMate brings business law concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Built-in engagement tracking tools allow you to assess the study activities of your students. Additionally, CourseMate includes an interactive online textbook, which contains the complete content of the printed textbook enhanced by the many advantages of a digital environment.
  • Partnerships: Coverage on partnerships is updated to reflect recent changes.
  • Corporations: LLCs are now covered.

Learning Resource Bundles

Choose the textbook packaged with the resources that best meet your course and student needs. Contact your Learning Consultant for more information.

Printed Text + LMS Integrated for MindTap® Business Law, 1 term (6 months) Instant Access

ISBN-10: 1305413636  | ISBN-13: 9781305413634

List Price = $269.95  | CengageBrain Price = $269.95  | College Bookstore Wholesale Price = $202.75

This Bundle Includes:

  • Cengage Advantage Books: Law for Business
    List Price = $256.95  | CengageBrain Price = $256.95  | College Bookstore Wholesale Price = $192.75
  • LMS Integrated for CourseMate™, 1 term (6 months) Instant Access
    List Price = $179.00  | CengageBrain Price = $179.00  | College Bookstore Wholesale Price = $179.00


Printed Text + CengageNOW with Business Law Digital Video Library 1-Semester Instant Access

ISBN-10:  1305587359  | ISBN-13:  9781305587359

List Price = $269.95  | CengageBrain Price = $269.95  | College Bookstore Wholesale Price = $202.75

This Bundle Includes:

  • Cengage Advantage Books: Law for Business
    List Price = $256.95  | CengageBrain Price = $256.95  | College Bookstore Wholesale Price = $192.75
  • CengageNOW with Business Law Digital Video Library 1-Semester Instant Access
    List Price = $83.00  | CengageBrain Price = $83.00  | College Bookstore Wholesale Price = $83.00


Printed Text + LMS Integrated for CengageNOW™ Instant Access

ISBN-10:  1305590929 | ISBN-13:  9781305590922

List Price = $269.95  | CengageBrain Price = $269.95  | College Bookstore Wholesale Price = $202.75

This Bundle Includes:

  • Cengage Advantage Books: Law for Business
    List Price = $256.95  | CengageBrain Price = $256.95  | College Bookstore Wholesale Price = $192.75
  • LMS Integrated for CengageNOW™ with Digital Video Library, 1 term Instant Access
    List Price = $83.00  | CengageBrain Price = $83.00  | College Bookstore Wholesale Price = $83.00


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

Instructor's Resource CD-ROM  (ISBN-10: 1133590276 | ISBN-13: 9781133590279)

This all-in-one tool places all the resources you need to plan and teach in one convenient tool. You'll find the Instructor's Manual, PowerPoint® slides, Test Bank in Microsoft® Word, and ExamView® testing software at your fingertips.

CourseMate with Digital Video Library, 1 term (6 months) Instant Access  (ISBN-10: 1285186095 | ISBN-13: 9781285186092)

Cengage Learning's CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Watch student comprehension soar as your class works with the printed textbook and the textbook-specific website. CourseMate includes: An interactive eBook; Engagement Tracker, a first-of-its-kind tool that monitors student engagement; Dynamic learning tools, including animations to help students visualize and review course concepts; Quizzes, videos, flashcards, and more!

List Price = $179.00  | CengageBrain Price = $179.00  | College Bookstore Wholesale Price = $179.00

Business Law Digital Video Library Instant Access  (ISBN-10: 1285186079 | ISBN-13: 9781285186078)

CengageNOW with Business Law Digital Video Library 1-Semester Instant Access  (ISBN-10: 1285187385 | ISBN-13: 9781285187389)

CengageNOW is an Online Teaching and Learning Resource in one intuitive program organized around the essential activities you perform for class: lecturing, creating assignments, grading, quizzing, and tracking student progress and performance. It includes the eBook, auto-graded homework from the textbook, the test bank, and the Personalized Study Plan with multiple online activities.

List Price = $83.00  | CengageBrain Price = $83.00  | College Bookstore Wholesale Price = $83.00

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

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: 1285751841 | ISBN-13: 9781285751849)

This access code will provide you with seamless access to your MindTap™ Business Law resources from within your campus Learning Management System. You will be prompted to enter this access code the first time that you click on a link in your course that includes Cengage content.

List Price = $179.00  | CengageBrain Price = $179.00  | College Bookstore Wholesale Price = $179.00

CourseMate with Digital Video Library, 1 term (6 months) Instant Access  (ISBN-10: 1285186095 | ISBN-13: 9781285186092)

Cengage Learning's CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Watch student comprehension soar as your class works with the printed textbook and the textbook-specific website. CourseMate includes: An interactive eBook; Engagement Tracker, a first-of-its-kind tool that monitors student engagement; Dynamic learning tools, including animations to help students visualize and review course concepts; Quizzes, videos, flashcards, and more!

List Price = $179.00  | CengageBrain Price = $179.00  | College Bookstore Wholesale Price = $179.00

Business Law Digital Video Library Instant Access  (ISBN-10: 1285186079 | ISBN-13: 9781285186078)

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

CengageNOW with Business Law Digital Video Library 1-Semester Instant Access  (ISBN-10: 1285187385 | ISBN-13: 9781285187389)

CengageNOW is an online teaching and learning resource that includes the eBook, auto-graded homework from the textbook, the test bank, and the Personalized Study Plan with multiple online activities.

List Price = $83.00  | CengageBrain Price = $83.00  | College Bookstore Wholesale Price = $83.00

Flash Cards, 1 term (6 months) Instant Access  (ISBN-10: 1285797671 | ISBN-13: 9781285797670)

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, 1 term (6 months) Instant Access  (ISBN-10: 1285793870 | ISBN-13: 9781285793870)

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, 1 term (6 months) Instant Access  (ISBN-10: 1285790073 | ISBN-13: 9781285790077)

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

The Honorable John D. Ashcroft, J.D.

John Ashcroft is currently a distinguished professor of law and government at the Regent University School of Law. He previously served as Attorney General of the United States for four years. Prior to that, he served one term in the United States Senate from 1995 to 2001 and had served as Governor of Missouri for two terms. As governor, Ashcroft balanced eight consecutive budgets during his terms. Fortune magazine rated him as one of the top 10 education governors. Ashcroft was elected to two terms as attorney general of Missouri prior to serving as governor.

Janet Ashcroft, J.D.

Janet Ashcroft has been a full-time faculty member at Howard University, teaching business law, taxation, and accounting, and serving on the Judiciary Committee at the university. She is a member of the Board of Trustees of Patrick Henry College and has served on the Visiting Committee of the University of Chicago, chair of the Alzheimer's disease Task Force for the State of Missouri and as state liaison for the National Alzheimer's Association. Member of the Missouri Bar.