Higher Education

Essentials of Business Law and the Legal Environment, 12th 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: 1305075439  |  ISBN-13: 9781305075436
  • 1152 Pages
  • Previous Editions: 2013, 2010, 2007
  • © 2016 | Published
  • College Bookstore Wholesale Price = $300.00

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About

Overview

Packed with reader-friendly illustrations, ESSENTIALS OF BUSINESS LAW AND THE LEGAL ENVIRONMENT, 12e uses a nontechnical presentation to help your students understand the dynamics of today's legal environment for business. Covering a broad variety of key subjects and emphasizing ethical decision making, the text presents all business law topics required for success on the CPA exam. Cases are carefully summarized and integrated in order to present both recent legal issues and landmark court decisions while minimizing legal jargon. Students learn to effectively apply legal reasoning to cases and legal issues using the Issue, Rule, Application and Conclusion (IRAC) method. In addition to new "Going Global" features that highlight the international aspects of legal issues, the 12th Edition also includes more than 30 recent cases, updated coverage of limited liability companies and suretyship, amendments to UCC Articles, SEC rules on social media, recent U.S. Supreme Court decisions, and much more.

Features and Benefits

  • Insightful Illustrations: The text includes more than 220 classroom-tested figures, diagrams, charts, tables, and chapter summaries. The figures and diagrams help students conceptualize the many abstract concepts in the law. Charts and tables summarize prior discussions as well as help illustrate relationships among legal rules. In addition, each chapter has a summary in the form of an annotated outline of the entire chapter, including key terms.
  • Applying the Law: Teach your students how to effectively apply legal reasoning to cases and legal issues using the Issue, Rule, Application and Conclusion (IRAC) method. Students sharpen their skills as each feature depicts a realistic situation that focuses on a single chapter's concept. The "Applying the Law" feature appears in 14 chapters.
  • Ethics Coverage: At the end of Chapter 2, a series of Business Ethics case studies require students to make the value trade-offs that confront business people in their professional lives. More than half of the chapters also contain an "Ethical Dilemma" feature that presents a managerial situation involving ethical issues. A series of questions leads students to explore the ethical dimensions of each situation. To provide further application of ethics in different business contexts, an ethics question follows many cases. These questions are designed to encourage students to consider the ethical dimensions of the facts in the case or of the legal issue invoked by the facts.
  • 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, Case Problems, and Taking Sides challenge students to apply chapter concepts to realistic hypothetical and case-based situations. Corresponding answers in the Instructor Manual make it easier to clarify supporting concepts.
  • Practical Advice: Each chapter contains practical advice statements that illustrate how legal concepts can be applied to common business situations.
  • Business Law in Action: Numerous chapters include a "Business Law in Action" scenario that illustrates the application of legal concepts to business situations that commonly arise.

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.
APPENDIX A: The Constitution of the United States of America.
APPENDIX B: Uniform Commercial Code (Selected Provisions).
APPENDIX C: Dictionary of Legal Terms.

What's New

  • Going Global: International business law content is now integrated throughout the text. New "Going Global" features have been added to 14 chapters (1, 3, 6, 9, 15, 19, 20, 30, 34, 38, 39, 40, 41, and 42), enabling students to consider the international aspects of legal issues as they are covered. In addition, Chapter 46 is still fully devoted to international business law.
  • New Cases: More than 30 recent cases have been incorporated into the text, illustrating the most current examples of the legal aspects of real-world business.
  • Expanded: Coverage of limited liability companies and suretyship has been updated and expanded.
  • Updated: The 2012 amendments to UCC Article 4A has been added to Chapter 27, Bank Deposits, Collections, and Funds Transfers.
  • Expanded: Chapter 37, Secured Transactions and Suretyship covers the most significant provisions of the 2010 amendments to UCC Article 9.
  • Updated: Chapter 39, Securities Regulation now 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.
  • Updated: Chapter 40, Intellectual Property includes the changes made by the Foreign and Economic Espionage Penalty Enhancement Act of 2012.
  • Recent U.S. Supreme Court Decisions: Chapter 4, Constitutional Law discusses recent U.S. Supreme Court's decisions in the cases challenging the constitutionality of the Patient Protection and Affordable Care Act; the Defense of Marriage Act; a federal statute restricting how much money an individual donor may contribute in total during a political cycle; and Michigan's constitutional amendment banning affirmative action in admissions to the state's public universities.
  • Restatement of Restitution: Chapters 9, 11, 13, 14, 15, 17, and 18 cover the new Restatement (Third) of Restitution and Unjust Enrichment.

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: 1337078956  | ISBN-13: 9781337078955

List Price = $419.95  | CengageBrain Price = $419.95  | College Bookstore Wholesale Price = $315.00

This Bundle Includes:

  • Essentials of Business Law and the Legal Environment
    List Price = $399.95  | CengageBrain Price = $399.95  | College Bookstore Wholesale Price = $300.00
  • LMS Integrated for MindTap® Business Law, 1 term (6 months) Instant Access
    List Price = $100.00  | CengageBrain Price = $100.00  | College Bookstore Wholesale Price = $100.00


Printed Text + LMS Integrated for MindTap® Business Law, 2 terms (12 months) Instant Access

ISBN-10:  1337083496  | ISBN-13:  9781337083492

List Price = $452.95  | CengageBrain Price = $452.95  | College Bookstore Wholesale Price = $339.75

This Bundle Includes:

  • Essentials of Business Law and the Legal Environment
    List Price = $399.95  | CengageBrain Price = $399.95  | College Bookstore Wholesale Price = $300.00
  • LMS Integrated for MindTap® Business Law, 2 terms (12 months) Instant Access
    List Price = $133.00  | CengageBrain Price = $133.00  | College Bookstore Wholesale Price = $133.00


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

ISBN-10:  1337078964  | ISBN-13:  9781337078962

List Price = $419.95  | CengageBrain Price = $419.95  | College Bookstore Wholesale Price = $315.00

This Bundle Includes:

  • Essentials of Business Law and the Legal Environment
    List Price = $399.95  | CengageBrain Price = $399.95  | College Bookstore Wholesale Price = $300.00
  • MindTap® Business Law, 1 term (6 months) Instant Access for Mann/Roberts' Essentials of Business Law and the Legal Environment
    List Price = $100.00  | CengageBrain Price = $100.00  | College Bookstore Wholesale Price = $100.00


Printed Text + MindTap® Business Law, 2 terms (12 months) Instant Access

ISBN-10:  1337083488 | ISBN-13:  9781337083485

List Price = $452.95  | CengageBrain Price = $452.95  | College Bookstore Wholesale Price = $339.75

This Bundle Includes:

  • Essentials of Business Law and the Legal Environment
    List Price = $399.95  | CengageBrain Price = $399.95  | College Bookstore Wholesale Price = $300.00
  • MindTap® Business Law, 2 terms (12 months) Instant Access for Mann/Roberts' Essentials of Business Law and the Legal Environment
    List Price = $133.00  | CengageBrain Price = $133.00  | College Bookstore Wholesale Price = $133.00


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

Website  (ISBN-10: 1305078020 | ISBN-13: 9781305078024)

Cengage Learning Testing, powered by Cognero Instant Access  (ISBN-10: 1305078144 | ISBN-13: 9781305078147)

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 learning management system, your classroom, or wherever you want!

Business Law Digital Video Library, 2 terms (12 months) Instant Access  (ISBN-10: 1285458494 | ISBN-13: 9781285458496)

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

MindTap® Business Law, 2 terms (12 months) Instant Access for Mann/Roberts' Essentials of Business Law and the Legal Environment  (ISBN-10: 130526410X | ISBN-13: 9781305264106)

MindTap Business Law for Mann/Roberts' Essentials of Business Law and the Legal Environment (2 Sem), 12E is a personalized teaching experience with relevant assignments that guide students to analyze, apply, and improve thinking, allowing you to measure skills and outcomes with ease. Personalized teaching becomes yours through a pre-built Learning Path designed with key student objectives and your syllabus in mind. The customizable online course allows you to control what students see and when they see it. Relevant readings, multimedia, and activities within the learning path intuitively guide students up the levels of learning to (1) Prepare, (2) Engage, (3) Apply and (4) Analyze business law content. These activities are organized in a logical progression to help elevate learning, promote critical thinking skills and produce better outcomes. Analytics and reports provide a snapshot of class progress, time in course, engagement and completion rates.

List Price = $133.00  | CengageBrain Price = $133.00  | College Bookstore Wholesale Price = $133.00

LMS Integrated for MindTap® Business Law, 1 term (6 months) Instant Access  (ISBN-10: 1305405862 | ISBN-13: 9781305405868)

Cengage Learning provides Learning Management System (LMS) integration with our MindLinks service. This service is designed to deliver an optimal user experience through the learning management system (LMS) already used by the institution--facilitating learning retention and contributing to better learner outcomes. Our collaboration with LMS industry leaders helps drive advanced features like gradebook integration, while the fluid pedagogical design contributes to more teachable moments.

List Price = $100.00  | CengageBrain Price = $100.00  | College Bookstore Wholesale Price = $100.00

LMS Integrated for MindTap® Business Law, 2 terms (12 months) Instant Access  (ISBN-10: 1305264126 | ISBN-13: 9781305264120)

Cengage Learning provides Learning Management System (LMS) integration with our MindLinks service. This service is designed to deliver an optimal user experience through the learning management system (LMS) already used by the institution--facilitating learning retention and contributing to better learner outcomes. Our collaboration with LMS industry leaders helps drive advanced features like gradebook integration, while the fluid pedagogical design contributes to more teachable moments.

List Price = $133.00  | CengageBrain Price = $133.00  | College Bookstore Wholesale Price = $133.00

Student Supplements

Business Law Digital Video Library, 2 terms (12 months) Instant Access  (ISBN-10: 1285458494 | ISBN-13: 9781285458496)

The Digital Library offers more than 90 videos and helps you link your 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

MindTap® Business Law, 2 terms (12 months) Instant Access for Mann/Roberts' Essentials of Business Law and the Legal Environment  (ISBN-10: 130526410X | ISBN-13: 9781305264106)

MindTap™ Business Law for Mann/Roberts' Essentials of Business Law and the Legal Environment, 12th Edition provides you with the tools you need to better manage your limited time -- you can complete assignments whenever and wherever you are ready to learn with course material specially customized for you by your instructor and streamlined in one proven, easy-to-use interface. With an array of tools and apps -- from note taking to flashcards -- you'll get a true understanding of course concepts, helping you to achieve better grades and setting the groundwork for your future courses. Access to this product is valid for 12 months of usage.

List Price = $133.00  | CengageBrain Price = $133.00  | College Bookstore Wholesale Price = $133.00

LMS Integrated for MindTap® Business Law, 1 term (6 months) Instant Access  (ISBN-10: 1305405862 | ISBN-13: 9781305405868)

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 = $100.00  | CengageBrain Price = $100.00  | College Bookstore Wholesale Price = $100.00

LMS Integrated for MindTap® Business Law, 2 terms (12 months) Instant Access  (ISBN-10: 1305264126 | ISBN-13: 9781305264120)

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 = $133.00  | CengageBrain Price = $133.00  | College Bookstore Wholesale Price = $133.00

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.