Higher Education

Cengage Advantage Books: Business Law: Text and Exercises, 7th Edition

  • Roger LeRoy Miller Institute for University Studies, Arlington, Texas
  • William E. Hollowell Institute For University Studies, Arlington, Texas
  • ISBN-10: 1133625959  |  ISBN-13: 9781133625957
  • 688 Pages
  • Previous Editions: 2011, 2008, 2005
  • © 2014 | Published
  • College Bookstore Wholesale Price = $174.75
  • Newer Edition Available

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About

Overview

Concise and user-friendly, BUSINESS LAW: TEXT AND EXERCISES captures basic business law in a straightforward, practical manner. As part of the Cengage Advantage book collection, this paperback book offers students and teachers one of the most cost-effective and efficient choices for the business law survey course. This revised Seventh Edition is designed to help students master the legal concepts and doctrines presented, and to give them experience in applying basic legal principles to common business situations. Hypothetical examples and brief summaries of real court case examples are used for illustration of the legal principles. With this proven formula for success, BUSINESS LAW: TEXT AND EXERCISES continues to be the most approachable and practical text for the course.

Features and Benefits

  • Linking the Law to Your Career: Concluding selected chapters, this new feature ties the chapter material to real-world situations students may encounter in the business world.
  • Summaries Linked to Outcomes: The Chapter Summaries now specifically identify, and are linked to, the "Learning Outcomes" at the beginning of the chapters.
  • Easily Identifiable Examples: Integrated throughout the chapters, examples are now highlighted and numbered to help clarify and locate the legal concepts that are covered.
  • Exhibits: The exhibits, shown in graphic or summary form, help students grasp the essential concepts pertaining to a specific area of the law or legal doctrine.
  • Business Orientation: Since most students will be entering the business world, many of the "Real-World Case Example" features and in-text examples have a business orientation.
  • Facing a Legal Problem: Each chapter begins with an appropriate and straightforward legal problem. At the end of each chapter, "Answering the Legal Problem" repeats and then answers the legal problem.
  • End-of-chapter Problems: Each chapter concludes with two or three hypothetical case problems titled "Using Business Law" and one or more actual case problems titled "Real-World Case Problems", enabling students to check their comprehension of the material.
  • Work Sets:. A set of true/false and multiple-choice questions at the end of each chapter allows students to test their understanding of the chapter content. "Issue Spotters" are also included at the end of the Work Sets, providing hypothetical fact problems and black letter law questions on key issues. (Answers to the Work Sets are available in the Instructor's Manual and electronically on both the Instructor's Resource CD-ROM and the Book Companion Website. Answers to the Issue Spotters are now available to students on the text companion website).

Table of Contents

Unit I: The Law and Our Legal System.
1. Introduction to the Law and Our Legal System.
2. Ethics in Business.
3. The Courts and Alternative Dispute Resolution.
4. Constitutional Law.
5. Torts and Cyber Torts.
6. Intellectual Property.
7. Criminal Law and Cyber Crime.
Unit II: Contracts.
8. Introduction to Contracts.
9. Offer and Acceptance.
10. Consideration.
11. Capacity.
12. The Legality of Agreements.
13. Voluntary Consent.
14. Written Contracts.
15. Third Party Rights.
16. Contract Discharge and Remedies.
17. E-Contracts.
Unit III: Sales and Leases.
18. Introduction to Sales and Lease Contracts.
19. Title and Risk of Loss.
20. Performance and Breach.
21. Warranties and Product Liability.
22. Consumer Protection.
Unit IV: Negotiable Instruments.
23. The Essentials of Negotiablility.
24. Transerability and Liability.
25. Checks and Banking in the Digital Age.
Unit V: Agency and Employment.
26. Agency.
27. Employment and Immigration Law.
28. Discrimination and Labor Law.
Unit VI: Business Organizations.
29. Sole Proprietorships, Partnerships, and Limited Liability Companies.
30. Formation and Termination of a Corporation.
31. Management and Ownership of a Corporation.
Unit VII: Credit and Risk.
32. Secured Transactions.
33. Creditors' Rights and Remedies.
34. Bankruptcy.
35. Insurance.
36. Mortgages and Foreclosures.
Unit VIII: Property.
37. Personal Property and Bailments.
38. Real Property.
39. Landlord and Tenant Law.
40. Wills and Trusts.
Unit IX: Special Topics.
41. Administrative Law.
42. Antitrust Law.
43. International Law.
Appendices.
A. The Constitution of the United States.
B. Article 2 of the Uniform Commercial Code.
C. Answers to Issue Spotters.

What's New

  • New chapter (36) on mortgages and foreclosures examines some of the mortgage-lending practices that contributed to the Great Recession and discusses the legal reforms enacted in response to it.
  • To make it clearer to students when the authors are using a hypothetical example or an actual case examples, the hypothetical examples are now titled "Highlighting the Point" and the actual case examples are now titled "Real-World Case Example."
  • To provide students with an additional opportunity to apply what they learned in the chapter, each Work Set concludes with "Answering More Legal Problems." This feature presents a scenario and then asks students a series of questions about the scenario.
  • To help students self-study, the majority of questions provide a page reference to where in the chapter the legal issue is discussed.
  • Throughout the text, the authors have updated the law and the legal examples. Many of the legal examples relate to every day issues such as social networking, Ponzi schemes, subprime mortgages, and ID theft.

Efficacy and Outcomes

Reviews

"Yes, this textbook has worked well for me and the students for the following reasons: 1) the students are not overwhelmed by the text. It's concise, easy to read, and bolsters a student's confidence from day one. The textbook is not intimidating and, therefore, it removes that impediment from the learning process; 2) as a lawyer I appreciate the rigorous detail that some other undergraduate business law textbooks offer; however, given the survey nature of an undergraduate business law course and the wide spectrum of topics covered (42 chapters in the 6th edition)"

— Jeffrey S. Chase, Clinton Community College

"This text is an absolute success. I have reviewed many texts for Business Law & Ethics over my ten years of teaching. This text strikes the perfect balance for the accurate delivery of legal concepts in a way undergraduate students can understand."

— Margaret A. Lourdes, Cleary University

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: 1133586589 | ISBN-13: 9781133586586)

This robust teaching resource includes the Instructor's Manual (including chapter introductions, lecture outlines, chapter outlines, additional questions to the Real-World Case Examples, teaching suggestions and discussion questions), Answer Manual, Test Bank, and ExamView (add or edit questions, instructions, and answers, and select questions by previewing them on the screen, selecting them randomly, or selecting them by number, also create and administer quizzes online), and Power Point slides.

CourseMate with Business Law Digital Video Library Instant Access  (ISBN-10: 1285188292 | ISBN-13: 9781285188294)

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

Digital Video Library 2-Semester Instant Access Code  (ISBN-10: 1285076338 | ISBN-13: 9781285076331)

CengageNOW with eBook and Business Law Digital Video Library, 1 term (6 months) Instant Access  (ISBN-10: 1285188284 | ISBN-13: 9781285188287)

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

MindTap® Business Law, 1 term (6 months) Instant Access for Miller/Hollowell's Cengage Advantage Books: Business Law: Text and Exercises  (ISBN-10: 1285514017 | ISBN-13: 9781285514017)

MindTap™ Business Law for Miller/Hollowell's Cengage Advantage Books: Business Law: Text and Exercises, 7th Edition is the digital learning solution that helps instructors engage and transform today's students into critical thinkers. Through paths of dynamic assignments and applications that you can personalize, real-time course analytics, and an accessible reader, MindTap helps you turn cookie cutter into cutting edge, apathy into engagement, and memorizers into higher-level thinkers. Access to this product is valid for 6 months of usage.

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

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

Business Law Digital Video Library, 2 term (12 months) Printed Access Card  (ISBN-10: 0324223277 | ISBN-13: 9780324223279)

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™, and CourseMate, and at http://www.cengage.com/blaw/dvl.

List Price = $43.00  | CengageBrain Price = $43.00  | College Bookstore Wholesale Price = $32.25

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

CourseMate with Business Law Digital Video Library Instant Access  (ISBN-10: 1285188292 | ISBN-13: 9781285188294)

Cengage Learning's CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Access an integrated eBook, learning tools including flashcards, quizzes, and more, all designed specifically to work with BUSINESS LAW, 7th Edition.

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

Digital Video Library 2-Semester Instant Access Code  (ISBN-10: 1285076338 | ISBN-13: 9781285076331)

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

CengageNOW with eBook and Business Law Digital Video Library, 1 term (6 months) Instant Access  (ISBN-10: 1285188284 | ISBN-13: 9781285188287)

Succeed in your business law course with CengageNOW™, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade.

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

MindTap® Business Law, 1 term (6 months) Instant Access for Miller/Hollowell's Cengage Advantage Books: Business Law: Text and Exercises  (ISBN-10: 1285514017 | ISBN-13: 9781285514017)

MindTap™ Business Law for Miller/Hollowell's Cengage Advantage Books: Business Law: Text and Exercises, 7th 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 6 months of usage.

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

LMS Integrated for MindTap® Business Law, 1 term (6 months) Instant Access  (ISBN-10: 1285587200 | ISBN-13: 9781285587202)

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

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

Business Law Digital Video Library, 2 term (12 months) Printed Access Card  (ISBN-10: 0324223277 | ISBN-13: 9780324223279)

The Digital Library offers over 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™, and CourseMate, and at http://www.cengage.com/blaw/dvl.

List Price = $43.00  | CengageBrain Price = $43.00  | College Bookstore Wholesale Price = $32.25

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 LeRoy Miller

Roger LeRoy Miller has served on the faculty of several respected universities, including the University of Washington, Clemson University, and the University of Miami School of Law. As a professor, he has taught intellectual property law and entertainment law, among other subjects. A widely published and respected author, his work has appeared in the Insurance Counsel Journal, Defense Research, California Trial Lawyers Journal, Antitrust Bulletin, Wisconsin Law Review, and Connecticut Law Review. He has authored or co-authored numerous authoritative textbooks on law, including BUSINESS LAW: TEXT & CASES; BUSINESS LAW TODAY: TEXT & SUMMARIZED CASES; and THE LEGAL ENVIRONMENT TODAY. Professor Miller completed his studies at the University of California at Berkeley and University of Chicago.

William E. Hollowell

William E. Hollowell is a member of Minnesota State Bar, Florida State Bar, and United States Supreme Court Bar.