Higher Education

Smith and Roberson's Business Law, 16th 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: 1285428250  |  ISBN-13: 9781285428253
  • 1344 Pages
  • Previous Editions: 2012, 2009, 2006
  • © 2015 | Published
  • College Bookstore Wholesale Price = $313.50
  • Newer Edition Available
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About

Overview

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.

Features and Benefits

  • 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.
  • 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.

Table of Contents

PART I: THE LEGAL ENVIRONMENT OF BUSINESS.
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.
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 III: AGENCY.
19. Relationship of Principal and Agent.
20. Relationship with Third Parties.
PART IV: SALES.
21. Introduction to Sales and Leases.
22. Performance.
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.
38. Bankruptcy.
PART IX: REGULATION OF BUSINESS.
39. Protection of Intellectual Property.
40. Antitrust.
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.

What's New

  • 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.

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.

ePack: Text + CourseMate 1-Semester Instant Access

ISBN-10: 1305433564 | ISBN-13: 9781305433564

List Price = $429.95  | CengageBrain Price = $429.95  | College Bookstore Wholesale Price = $323.50

This Bundle Includes:

  • Smith and Roberson's Business Law
    List Price = $417.95  | CengageBrain Price = $417.95  | College Bookstore Wholesale Price = $313.50
  • CourseMate, 1 term (6 months) Instant Access
    List Price = $291.00  | CengageBrain Price = $291.00  | College Bookstore Wholesale Price = $291.00


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

Cengage Learning Testing, powered by Cognero  (ISBN-10: 1285975502 | ISBN-13: 9781285975504)

Cengage Learning Testing Powered by Cognero is a flexible, online system that allows you to: author, edit, and manage test bank content from multiple Cengage Learning solutions; create multiple test versions in an instant; deliver tests from your LMS, your classroom or wherever you want.

Cengage Learning Testing, powered by Cognero Instant Access  (ISBN-10: 1285978633 | ISBN-13: 9781285978635)

Cengage Learning Testing Powered by Cognero is a flexible, online system that allows you to: author, edit, and manage test bank content from multiple Cengage Learning solutions; create multiple test versions in an instant; deliver tests from your LMS, your classroom or wherever you want.

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

CourseMate, 1 term (6 months) Instant Access  (ISBN-10: 128543532X | ISBN-13: 9781285435329)

Cengage Learning's Business Law 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. Business Law CourseMate goes beyond the book to deliver what you need!

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

CourseMate, 2 terms (12 months) Instant Access  (ISBN-10: 1285435354 | ISBN-13: 9781285435350)

Cengage Learning's Business Law 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. Business Law CourseMate goes beyond the book to deliver what you need!

List Price = $333.00  | CengageBrain Price = $333.00  | College Bookstore Wholesale Price = $333.00

Digital Video Library 2-Semester Instant Access  (ISBN-10: 128543529X | ISBN-13: 9781285435299)

The Digital Library offers more than 90 videos and helps your students link their everyday experiences to legal ideas, spark classroom discussion, and reinforce core concepts. The videos are available with MindTap, CengageNOW™, CourseMate, and on http://www.cengage.com/blaw/dvl.

Student Supplements

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

CourseMate, 1 term (6 months) Instant Access  (ISBN-10: 128543532X | ISBN-13: 9781285435329)

The more you study, the better the results. Make the most of your study time by accessing everything you need to succeed in one place. Read your textbook, take notes, review flashcards, watch videos, and take practice quizzes--online with CourseMate.

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

CourseMate, 2 terms (12 months) Instant Access  (ISBN-10: 1285435354 | ISBN-13: 9781285435350)

The more you study, the better the results. Make the most of your study time by accessing everything you need to succeed in one place. Read your textbook, take notes, review flashcards, watch videos, and take practice quizzes--online with CourseMate.

List Price = $333.00  | CengageBrain Price = $333.00  | College Bookstore Wholesale Price = $333.00

Digital Video Library 2-Semester Instant Access  (ISBN-10: 128543529X | ISBN-13: 9781285435299)

The Digital Library offers more than 90 videos and helps your students link their everyday experiences to legal ideas, spark classroom discussion, and reinforce core concepts. The videos are available with MindTap, CengageNOW™, CourseMate, and on http://www.cengage.com/blaw/dvl.

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

LMS Integrated for CourseMate™, 1 term (6 months) Instant Access  (ISBN-10: 1305097246 | ISBN-13: 9781305097247)

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

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.