Higher Education

Business Law: Principles for Today's Commercial Environment, 4th Edition

  • David P. Twomey Boston College
  • Marianne M. Jennings Arizona State University
  • ISBN-10: 1133588247  |  ISBN-13: 9781133588245
  • 1320 Pages
  • Previous Editions: 2011, 2008, 2004
  • © 2014 | Published
  • College Bookstore Wholesale Price = $300.00
  • Newer Edition Available
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About

Overview

Twomey and Jennings' BUSINESS LAW: PRINCIPLES FOR TODAY'S COMMERCIAL ENVIRONMENT, 4e uses excerpted cases in the language of the court and offers comprehensive and clear coverage. It is an adaptation of business law's #1 summarized case text. Updated throughout, the Fourth Edition covers all the topics you require without overwhelming undergraduate students with unnecessary detail. Based on the extensive teaching experience of the authors, this text offers an incredible wealth of integrated examples and applications that feature current events and familiar situations to help students grasp critical legal concepts, as well as clear and thorough guidance in helping students prepare for the CPA exam. In addition to the book's feature boxes and case summaries, numerous brief examples and applications are marked "For Example" so students can easily find them as they progress through each chapter's narrative. The new edition will offer CourseMate as an optional digital solution to help engage students and prepare them for class.

Features and Benefits

  • Help Students Make the Connection: The end of chapter material, now titled Make the Connection, has been improved to help students better see and understand the relationship between legal concepts and their application in real-life situations. This section now includes a Chapter Summary, Learning Outcomes, Key Terms, Questions and Case Problems, and CPA Questions.
  • Improve Student Retention: Using examples from the chapter, students will learn and retain key legal concepts with the new Learning Outcomes found at the end of each chapter. Each Learning Outcome directs students to utilize the existing text pedagogy by serving as a direct reference point for selected "For Example" call-outs, case summaries, and feature boxes.
  • Bring Current Events into Your Classroom: UPDATES and new information in EVERY chapter, as well as Weekly Updates featuring new cases, business events, and changing laws and regulations—by author Marianne Jennings—posted to the Book Companion Website. These weekly postings keep your course current throughout the term with the latest information on law and business practice. A great source for lectures, class discussion, quizzes, assignments, and exam questions!
  • Enhanced Instructor Resources: The Instructor's Manual with Test Bank is filled with instructor insights, teaching strategies, chapter outlines, transparency integration notes, and more.
  • The book's nationally-praised student-friendly coverage draws on the authors' vast combined teaching expertise. The active, lucid writing style features appropriate depth of explanation; interesting, timely cases; and real-world examples to make learning exciting and easier for students.
  • Effective in-text study tools include a consistently organized outline format for each chapter's headings (helping students better organize and retain the content as they read) and "Thinking Things Through" sections that help them apply the law they have learned from the chapters' excerpted cases to other cases that vary slightly from the excerpted cases in the chapters. With these problems built into the reading, students have the chance to really think through what they have just read and studied with regard to the law presented in that chapter.
  • "Ethics & the Law" vignettes are integrated throughout each chapter and are accompanied by questions that encourage students to think critically about ethical issues in actual business dilemmas that well-known corporations and public figures are facing.
  • Along with the excerpted cases, each chapter contains simple case summaries with "Facts and Decisions" in the authors' words, as well as the strongest, most relevant selection of cases for easy, student comprehension and the clearest application of concepts. These cases represent not only historic landmark decisions but also appellate decisions. Memorable one-line introductions precede each case.
  • A CPA icon located in the margins throughout the book clearly identifies business law content that is covered on the CPA exam−helping students to efficiently prepare for the CPA exam. Further practice for the CPA can be done by using the end-of-chapter questions where questions for these problems have been drawn from past CPA exams.

Table of Contents

Preface.
Acknowledgments.
About The Authors.
PART I: THE LEGAL AND SOCIAL ENVIRONMENT OF BUSINESS.
1. The Nature and Sources of Law.
2. The Court System and Dispute Resolution.
3. Business Ethics, Social Forces, and The Law.
4. The Constitution As The Foundation of The Legal Environment.
5. Government Regulation of Competition and Prices.
6. Administrative Agencies.
7. The Legal Environment of International Trade.
8. Crimes.
9. Torts.
10. Intellectual Property Rights and The Internet.
11. Cyberlaw.
PART II: CONTRACTS.
12. Nature and Classes of Contracts: Contracting On The Internet.
13. Formation of Contracts: offer and Acceptance.
14. Capacity and Genuine Assent.
15. Consideration.
16. Legality and Public Policy.
17. Writing, Electronic Forms, and Interpretation of Contracts.
18. Third Persons and Contracts.
19. Discharge of Contracts.
20. Breach of Contract and Remedies.
PART III: SALES AND LEASES OF GOODS.
21. Personal Property and Bailments.
22. Legal Aspects of Supply Chain Management.
23. Nature and Form of Sales.
24. Title and Risk of Loss.
25. Product Liability: Warranties and Torts.
26. Obligations and Performance.
27. Remedies For Breach of Sales Contracts.
PART IV: NEGOTIABLE INSTRUMENTS.
28. Kinds of Instruments, Parties, and Negotiability.
29. Transfers of Negotiable Instruments and Warranties of Parties.
30. Liability of The Parties Under Negotiable Instruments.
31. Checks and Funds Transfers.
PART V: DEBTOR-CREDITOR RELATIONSHIPS.
32. Nature of The Debtor-Creditor Relationship.
33. Consumer Protection.
34. Secured Transactions In Personal Property.
35. Bankruptcy.
36. Insurance.
PART VI: AGENCY AND EMPLOYMENT.
37. Agency.
38. Third Persons In Agency.
39. Regulation of Employment.
40. Equal Employment Opportunity Law.
PART VII: BUSINESS ORGANIZATIONS.
41. Types of Business Organizations.
42. Partnerships.
43. LPs, LLCs, and LLPs.
44. Corporation Formation.
45. Shareholder Rights In Corporations.
46. Securities Regulation.
47. Accountants' Liability and Malpractice.
48. Management of Corporations.
PART VIII: REAL PROPERTY AND ESTATES.
49. Real Property.
50. Environmental Law and Land Use Controls.
51. Leases.
52. Decedents' Estates and Trusts.
Appendices.
Glossary.
Case Index.
Subject Index.

What's New

  • COURSEMATE with Engagement Tracker: CourseMate brings course concepts to life with interactive learning tools and an eBook. CourseMate now includes the KnowNOW! Blog with the most current solutions for the most convenient online news and classroom application. KnowNOW! brings news into your course with discipline-specific online pages and applications. www.cengage.com/coursemate
  • Case summaries and case examples throughout the text have been updated to feature the most current and newsworthy topics. Some highlights include:
  • Chapter 1: The Ethics & the Law feature was updated with a new survey on how employers use social media to obtain information before hiring and what the rights of employer and employee are with respect to the use of Facebook, Twitter, LinkedIn and Google for gathering pre-employment information.
  • Chapter 4: Obamacare litigation under the Commerce Clause is covered, as well as an updated Cyberlaw feature to indicate new developments in internet sales tax.
  • Chapter 5: Government Regulation of Competition and Prices – This chapter has been rewritten and reorganized to spend more time on the antitrust laws and distinguish the differences between the laws. This includes horizontal competition or relationships among competitors and vertical competition – issues along the supply chain or distribution of goods. Mergers are covered under both.
  • Chapter 8: Crimes - There are new and interesting topics covered, such as criminal liability for pharmacies, identity theft, computer law, and cyberbullying.
  • Chapter 11 on Cyberlaw now includes a section on Cloud Computing.
  • Chapter 39: Regulation of Employment - This chapter features a new case example on whistleblower protection under the Sarbanes-Oxley Act and the Dodd–Frank Act.

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 + Business Law Digital Video Library Online Access Instant Access

ISBN-10: 1285727053 | ISBN-13: 9781285727059

List Price = $399.95  | CengageBrain Price = $399.95  | College Bookstore Wholesale Price = $300.00

This Bundle Includes:

  • Business Law: Principles for Today's Commercial Environment
    List Price = $399.95  | CengageBrain Price = $399.95  | College Bookstore Wholesale Price = $300.00
  • Business Law Digital Video Library Online Access Instant Access Code
    List Price = $38.00  | CengageBrain Price = $38.00  | College Bookstore Wholesale Price = $38.00


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

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

Business Law Digital Video Library Online Access Instant Access Code  (ISBN-10: 1285186575 | ISBN-13: 9781285186573)

CourseMate with Business Law Digital Video Library, 1 term (6 months) Instant Access  (ISBN-10: 1285194268 | ISBN-13: 9781285194264)

Cengage Learning's CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Maximize your course success with the integrated eBook and chapter-specific learning tools that include flashcards, quizzes, videos, and more in your CourseMate. Key Features: Interactive eBook, Engagement Tracker, Learning Objectives, Tutorial Quizzes, Glossary and Flashcards, and Web Links and References.

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

CourseMate with Business Law Digital Video Library, 2 terms (12 months) Instant Access  (ISBN-10: 1285194241 | ISBN-13: 9781285194240)

COURSEMATE with Engagement Tracker: CourseMate brings course concepts to life with interactive learning tools and an eBook. CourseMate now includes the KnowNOW! Blog with the most current solutions for the most convenient online news and classroom application. KnowNOW! brings news into your course with discipline-specific online pages and applications. www.cengage.com/coursemate

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

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: 1285762746 | ISBN-13: 9781285762746)

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

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

Business Law Digital Video Library Online Access Instant Access Code  (ISBN-10: 1285186575 | ISBN-13: 9781285186573)

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

CourseMate with Business Law Digital Video Library, 1 term (6 months) Instant Access  (ISBN-10: 1285194268 | ISBN-13: 9781285194264)

Cengage Learning's CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Maximize your course success with the integrated eBook and chapter-specific learning tools that include flashcards, quizzes, videos, and more in your CourseMate. Key Features: Interactive eBook, Engagement Tracker, Learning Objectives, Tutorial Quizzes, Glossary and Flashcards, and Web Links and References.

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

CourseMate with Business Law Digital Video Library, 2 terms (12 months) Instant Access  (ISBN-10: 1285194241 | ISBN-13: 9781285194240)

COURSEMATE with Engagement Tracker: CourseMate brings course concepts to life with interactive learning tools and an eBook. CourseMate now includes the KnowNOW! Blog with the most current solutions for the most convenient online news and classroom application. KnowNOW! brings news into your course with discipline-specific online pages and applications. www.cengage.com/coursemate

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

Flash Cards, 1 term (6 months) Instant Access  (ISBN-10: 1285797698 | ISBN-13: 9781285797694)

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  | College Bookstore Wholesale Price = $4.00

Flash Cards, 2 terms (12 months) Instant Access  (ISBN-10: 1305210115 | ISBN-13: 9781305210110)

Flash cards are effective study aids especially when you only have a limited amount of time. These flash cards work with your title and can help you to review and learn essential terms and key concepts. 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

Quizzing, 1 term (6 months) Instant Access  (ISBN-10: 1285793897 | ISBN-13: 9781285793894)

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  | College Bookstore Wholesale Price = $6.00

Quizzing, 2 terms (12 months) Instant Access  (ISBN-10: 1305207432 | ISBN-13: 9781305207431)

Quizzes are effective study aids especially when you only have a limited amount of time. These quizzes work with your title and can help you to review and learn essential terms and key concepts. 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, quizzes 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: 128579009X | ISBN-13: 9781285790091)

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  | College Bookstore Wholesale Price = $6.00

Quizzing with Flash Cards, 2 terms (12 months) Instant Access  (ISBN-10: 1305204875 | ISBN-13: 9781305204874)

Flash cards and quizzes are effective study aids especially when you only have a limited amount of time. These flash cards and quizzes work with your title and can help you to review and learn essential terms and key concepts. 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 and quizzes are already included.

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

Meet the Author

Author Bio

David P. Twomey

Professor David Twomey has been a member of the Business Law Department in the Carroll School of Management at Boston College since 1968. As department chair for more than a decade, and four-term chair of the school’s Education Policy Committee, Professor Twomey served as a spokesperson for a strong legal and ethical component in both the undergraduate and graduate curriculum. He is the author of 35 editions of textbooks on labor, employment and business law topics. His articles have appeared in journals such as Best’s Review, The American Business Law Journal, The Labor Law Journal, The Massachusetts Law Quarterly, The Florida Bar Journal, and The Business Law Review. Professor Twomey has served as arbitrator in more than 2,000 labor-management disputes throughout the country. His service includes appointments by Presidents Ronald Reagan, George H. W. Bush, William J. Clinton, George W. Bush, and Barack Obama to nine Presidential Emergency Boards, whose recommendations served as the basis for the resolution of major disputes in the rail and airline industries. After service in the U.S. Marine Corps, Professor Twomey graduated from Boston College, earned his M.B.A. at the University of Massachusetts, Amherst, and a J.D. degree at Boston College Law School. He is a member of the Massachusetts and Florida Bars and a member of the National Academy of Arbitrators.

Marianne M. Jennings

Marianne M. Jennings, Emeritus Professor of Legal and Ethical Studies, has taught at the WP Carey School of Business, Arizona State University since 1977. She has six textbooks and four monographs in circulation in the areas of business ethics, ethical culture, and legal environment. She was director of the Lincoln Center for Applied Ethics from 1995 to 1999. Ms. Jennings has worked with government agencies, professional organizations, colleges and universities, and Fortune 100 companies on ethics training and culture. She is a contributing editor of Corporate Finance Review and Real Estate Law Journal. Two of her books have been named Library Journal’s book of the year. Her books have been translated into three languages. Her book, THE SEVEN SIGNS OF ETHICAL COLLAPSE, was published by St Martin’s Press and has been used as both an audit tool and a primer by numerous organizations for creating and sustaining an ethical culture. In 2011, she was named one of the Top 100 Thought Leaders by Trust Across America and in 2012, she was named one of the 100 most influential people in business ethics by Ethisphere magazine. Ms. Jennings served on the board of directors for Arizona Public Service (now Pinnacle West), the owner of the Palo Verde Nuclear Station, from 1987 through 2000. She has served on INPO’s advisory council since 2005. In 2015, she was named an affiliated scholar with the Center for the Study of Economic Liberty at Arizona State University. She conducts ethics training and ethical culture assessments for businesses, including Fortune 100 companies, government agencies, professional associations, and nonprofit organizations.