Higher Education

The Legal Environment of Business, 12th Edition

  • Roger E. Meiners University of Texas, Arlington
  • Al H. Ringleb CUIS and University of Iowa
  • Frances L. Edwards Clemson University
  • ISBN-10: 1285428226  |  ISBN-13: 9781285428222
  • 792 Pages
  • Previous Editions: 2012, 2009, 2006
  • © 2015 | Published
  • College Bookstore Wholesale Price = $299.25
  • Newer Edition Available
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About

Overview

THE LEGAL ENVIRONMENT OF BUSINESS provides a practical introduction to the structure and function of the legal system from the perspective of the professional nonlawyer. While noting our legal heritage, there is a strong emphasis on the nuts and bolts of basic legal rules that most impact business today. This popular text effectively adapts a traditional case focus for the unique needs of business students. Incorporating clear and concise coverage of a wide range of up-to-date topics, the twelfth edition of this trusted text introduces key points of law through business-specific examples and realistic scenarios that students can appreciate. The authors' readable style complements their extensive knowledge of domestic and international business to make the text both an exceptional teaching tool and a favorite among instructors and students alike. To complement this edition, CourseMate and CengageNOW are available as online solutions to help engage and prepare students for this course.

Features and Benefits

  • Each chapter features excerpts of multiple cases that are integrated within the text to provide immediate practical examples of key concepts and illustrate legal reasoning applied to common business situations. Cases demonstrate that judges apply legal reasoning to resolve disputes--not just to give personal opinions.
  • Issue Spotters provide immediate application of legal principles to a common business situation so that students see the relevance of the material they are studying.
  • International Perspective features are integrated in every chapter to highlight variations in the law around the world to provide a broader perspective on legal concepts that apply to global businesses.
  • Test Yourself feature boxes appear two or three times in each chapter so that students have feedback to see if they have the necessary mastery of material covered in the past few pages. Several true/false, multiple-choice, and fill-in-the-blank questions, with answers provided below, make clear to students whether their reading comprehension is adequate.
  • The Lighter Side of Law features give a few brief cases or legal situations to provide an appealing break for students to show the strange and humorous issues that can occur.
  • Cyberlaw features in each chapter provide short explorations of applications of the law to the many developments arising from technology and e-commerce.
  • Each chapter concludes with a set of practice real Case Questions to apply legal reasoning. Some questions are answered online for students; others can be used for guided discussion. Also included are a practical Ethics Question and a Discussion Question.
  • Pulling It Together case questions conclude each major set of chapter units to help students tie together multiple legal issues in business situations to widen their understanding of the interrelationships of key legal concepts.

Table of Contents

Part I: ELEMENTS OF LAW AND THE JUDICIAL PROCESS.
1. Today's Business Environment: Law and Ethics.
2. The Court Systems.
3. Trials and Resolving Disputes.
4. The Constitution: Focus on Application to Business.
5. Criminal Law and Business.
Part II: ELEMENTS OF TRADITIONAL BUSINESS LAW.
6. Elements of Torts.
7. Business Torts and Product Liability.
8. Real and Personal Property.
9. Intellectual Property.
10. Contracts.
11. Domestic and International Sales.
12. Business Organizations.
13. Negotiable Instruments, Credit, and Bankruptcy.
Part III: THE EMPLOYMENT RELATIONSHIP.
14. Agency and the Employment Relationship.
15. Employment and Labor Regulations.
16. Employment Discrimination.
Part IV: THE REGULATORY ENVIRONMENT OF BUSINESS.
17. The Regulatory Process.
18. Securities Regulation.
19. Consumer Protection.
20. Antitrust Law.
21. Environmental Law.
22. The International Legal Environment of Business.
Appendix A: Legal Research and the Internet.
Appendix B: Case Analysis and Legal Sources.
Appendix C: The Constitution of the United States of America.
Appendix D: The Uniform Commercial Code (Excerpts).
Appendix E: National Labor Relations Act (Excerpts).
Appendix F: Title VII of Civil Rights Act of 1964 (Excerpts).
Appendix G: Americans with Disabilities Act (Excerpts).
Appendix H: The Antitrust Statutes (Excerpts).
Appendix I: Securities Statutes (Excerpts).

What's New

  • To complement this edition, CourseMate and CengageNOW are available as online solutions to help engage and prepare students for this course.
  • New Part III brings together three chapters that concern the employment relationship. As the Supreme Court reminds us, employment law builds on agency; so THE LEGAL ENVIRONMENT OF BUSINESS begins with agency and employment-at-will. Then the many legal requirements imposed on employers at the state and federal levels, especially employment discrimination law, are covered. Employment law is a subject relevant to all people in business, so most instructors cover this material. As a result, it is given more prominent placement.
  • Other chapters have been reordered in response to user surveys. Business Organizations now comes before the chapter Negotiable Instruments, Credit, and Bankruptcy, fleshing out Part II. Securities Regulation has been moved up in Part IV on the regulatory environment for more prominence as more instructors are covering the subject.
  • Most students show less interest in material they do not think is relevant to their immediate world. Hence, many new cases have been chosen that show contemporary, ordinary business situations to which students can relate, while the court decisions provide discussion of legal principles to teach the key concepts and show the importance of knowing the law in day-to-day business.
  • The text is written to be accessible to today's students. Ordinary examples are built into the text so that explanations of law are not abstract. Similarly, social media applications are included where relevant, focusing on the advancement of technology, such as the use of mining social media data for credit scoring.
  • Each chapter has been updated with more material on recent developments or legal topics that have grown in importance. To prevent the text from growing longer, material that is not as critical has been given less coverage.

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 Instant Access  (ISBN-10: 128597865X | ISBN-13: 9781285978659)

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

CourseMate Instant Access  (ISBN-10: 1285436873 | ISBN-13: 9781285436876)

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 = $278.00  | CengageBrain Price = $278.00  | College Bookstore Wholesale Price = $278.00

Business Law Digital Video Library 1-Semester Instant Access Code  (ISBN-10: 1285435982 | ISBN-13: 9781285435985)

This dynamic video library features more than 60 video clips that spark class discussion and clarify core legal principles. The library is organized into five series: Legal Conflicts in Business (includes specific modern business and e-commerce scenarios), Ask the Instructor (presents straightforward explanations of concepts for student review), Drama of the Law (features classic business scenarios that spark classroom participation), Real World Legal (explores conflicts that arise in a variety of business environments), and LawFlix (contains clips from many popular films).

CengageNOW with Digital Video Library, 1 term (6 months) Instant Access  (ISBN-10: 1285436865 | ISBN-13: 9781285436869)

CengageNOW is a powerful course management tool that provides control and customization to optimize the student learning experience and produce desired outcomes. CengageNOW includes Interactive book; Auto Graded Homework with consistent question types, Chapter Review Worksheets, Brief Hypotheticals, Blueprint Case Problems, Video Questions, Personalized Student Plan with Multimedia Study Tools and Videos, Test Bank, and Reporting and Assessment Options.

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

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 CengageNOW™ with Digital Video Library, 1 term Instant Access  (ISBN-10: 130510059X | ISBN-13: 9781305100596)

Have the tools you need to be successful A variety of tools are available in CengageNOW™, all combined in one easy-to-use resource designed to improve your grades. Some resources get you prepared for class and help you succeed on homework, and others show you specific areas where you can work to improve. Stay ahead of the course requirements CengageNOW shows you the path through your course—from first day through finals. Once you know what’s expected, it’s easier to complete your assignments. Gain understanding that stays with you Do well on tests as well as the assignments! Bridge the gap between homework and tests by using CengageNOW to truly understand the material. Self-study and review materials keep you on the right track, to make sure your understanding goes beyond memorization. Set yourself up for better grades Why wonder where you stand? CengageNOW includes trackable assignments and grades. It tells you what to do to improve your grade, and gives you the tools to accomplish it! Student Testimonials: “I love the check your work option. Really, when you’re having a hard time figuring out an answer, sometimes working backwards is the best way to understand conceptually what you’re doing wrong.” - Brad Duncan University of Utah “I liked the videos because they were short enough to teach me and because they were short, I was able to find time to watch them again and again if I did not understand the first time.” - Jennifer Wright Northeast Wisconsin Technical College CTA: Ask your instructor about CengageNOW for this course.

List 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

CourseMate Instant Access  (ISBN-10: 1285436873 | ISBN-13: 9781285436876)

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 = $278.00  | CengageBrain Price = $278.00  | College Bookstore Wholesale Price = $278.00

Business Law Digital Video Library 1-Semester Instant Access Code  (ISBN-10: 1285435982 | ISBN-13: 9781285435985)

Business law comes to life with more than 60 online video clips.

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

CengageNOW with Digital Video Library, 1 term (6 months) Instant Access  (ISBN-10: 1285436865 | ISBN-13: 9781285436869)

CengageNOW is a powerful online solution that optimizes the student learning experience. CengageNOW includes Interactive eBook, Auto Graded Homework, Personalized Student Plan with Multimedia Study Tools, and Videos.

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

LMS Integrated for CourseMate™, 1 term (6 months) Instant Access  (ISBN-10: 1305100603 | ISBN-13: 9781305100602)

List Price = $278.00  | College Bookstore Wholesale Price = $278.00

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

Meet the Author

Author Bio

Roger E. Meiners

Roger Meiners is the Goolsby-Rosenthal Chair in the College of Business at the University of Texas at Arlington, where he teaches Legal Environment of Business.

Al H. Ringleb

Al Ringleb is Executive Director of the Consortium of Universities for International Studies, University of Iowa, Tippie College of Business.

Frances L. Edwards

Frances L. Edwards is an Associate Professor of Legal Studies in the College of Business and Behavioral Studies at Clemson University.