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Essentials of Business Law

By Jeffrey F. Beatty, Susan S. Samuelson, Patricia Sanchez Abril

7th Edition © 2022
Discipline:Business Law
Course:Business Law
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Introduce the principles of business law with a text your students will thoroughly enjoy. Recognized for its reader-friendly presentation and packed with current examples and engaging stories, Beatty/Samuelson/Abril's ESSENTIALS OF BUSINESS LAW, 7E is praised by judges, attorneys, professors and students. The authors use more than 75 years of combined teaching experience to anticipate and answer student questions and present topics of interest, from marijuana contracts to the impact of Covid-19. Because the authors practiced law before teaching, they can clearly explain both theory and how legal concepts actually work in everyday business practice. Respected scholars who are able to provide authoritative information, the authors apply their strong understanding of legal and business practices to predict and address emerging legal trends and issues. This edition also offers an in-depth discussion of executive compensation, contrasting extensively researched theory with everyday reality. MindTap digital resources further reinforce learning with more than 1200 cases.

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About this product

Introduce the principles of business law with a text your students will thoroughly enjoy. Recognized for its reader-friendly presentation and packed with current examples and engaging stories, Beatty/Samuelson/Abril's ESSENTIALS OF BUSINESS LAW, 7E is praised by judges, attorneys, professors and students. The authors use more than 75 years of combined teaching experience to anticipate and answer student questions and present topics of interest, from marijuana contracts to the impact of Covid-19. Because the authors practiced law before teaching, they can clearly explain both theory and how legal concepts actually work in everyday business practice. Respected scholars who are able to provide authoritative information, the authors apply their strong understanding of legal and business practices to predict and address emerging legal trends and issues. This edition also offers an in-depth discussion of executive compensation, contrasting extensively researched theory with everyday reality. MindTap digital resources further reinforce learning with more than 1200 cases.

ENGAGING CONTENT ENCOURAGES MEANINGFUL DISCUSSION AND RETENTION. The authors have carefully crafted a reader-friendly presentation filled with stories that your students will enjoy reading. This intriguing presentation also draws students into memorable class discussions. In addition, vivid and entertaining fact patterns help students retain what they learn as they remember the stories.

RELEVANT CONTENT INSPIRES WILLINGNESS TO PARTICIPATE AND LEARN. With this book's meaningful content, your students see the importance of a law course and emerge better prepared to negotiate contracts, join the workforce, start companies and invest in businesses.

EMPHASIS ON ETHICS PREPARES STUDENTS FOR DIFFICULT LEGAL AND BUSINESS DECISIONS. Students become engaged and master important skills as they analyze ethical quandaries that are interesting and relevant to their world. Ethical questions threaded throughout the text prompt students to understand the important relationship between today's law and ethics.

LEARNING FEATURES AND CONTENT HONES CRITICAL BUSINESS SKILLS. The authoritative, yet understandable content of this edition with supporting cases and proven learning features helps students prepare for exams and engage in meaningful class discussions while strengthening critical thinking skills.

Table of contents

Chapters

Cover Page
Title Page
Copyright Page
Preface
Acknowledgments
About the Authors
Dedication
Unit 1. The Legal Environment
Unit 2. Torts
Unit 3. Contracts
Unit 4. Sales
Unit 5. Additional CPA Topics
Unit 6. Agency and Employment Law
Unit 7. Business Organizations
Unit 8. Government Regulation
Unit 9. Property
Appendix A. The Constitution of the United States
Appendix B. Uniform Commercial Code (Selected Provisions)
Show more

Unit 1. The Legal Environment

Chapter 1. Introduction to Law
Preview this section ↗
1-1. Exploring the Law ↗
1-1a. The Role of Law in Society ↗
1-1b. Origins of Our Law ↗
1-2. Sources of Contemporary Law ↗
1-2a. United States Constitution ↗
1-2b. Statutes ↗
1-2c. Common Law ↗
1-2d. Court Orders ↗
1-2e. Administrative Law ↗
1-2f. Treaties ↗
1-3. Classifications ↗
1-3a. Criminal and Civil Law ↗
1-3b. Law and Morality ↗
1-4. Jurisprudence ↗
1-4a. Legal Positivism ↗
1-4b. Natural Law ↗
1-4c. Legal Realism ↗
1-5. Working with the Book’s Features ↗
1-5a. Analyzing a Case ↗
1-5b. Exam Strategy ↗
1-5c. You Be the Judge ↗
Chapter Conclusion ↗
Exam Review ↗
Multiple-Choice Questions ↗
Case Questions ↗
Discussion Questions ↗
Chapter 2. Ethics and Corporate Social Responsibility
2-1. Why Study Ethics?
2-1a. Ethics in Business
2-1b. Why Be Ethical?
2-2. Theories of Ethics
2-2a. Utilitarian Ethics
2-2b. Deontological Ethics
2-2c. Rawlsian Justice
2-2d. Front Page Test
2-2e. Moral Universalism and Relativism
2-2f. Ethics Case: Up in Smoke
2-3. Ethics Traps
2-3a. Money
2-3b. Competition
2-3c. Rationalization
2-3d. We Cannot Be Objective about Ourselves
2-3e. Moral Licensing
2-3f. Conflicts of Interest
2-3g. Conformity
2-3h. Ethics Case: Diamonds in the Rough
2-3i. Following Orders
2-3j. Euphemisms and Reframing
2-3k. Lost in a Crowd
2-3l. Ethics Case: Man Down
2-3m. Short-Term Perspective
2-3n. Ethics Case: Wobbly Platform
2-3o. Blind Spots
2-3p. Avoiding Ethics Traps
2-3q. Lying: A Special Case
2-3r. Ethics Case: Truth (?) in Borrowing
2-4. Reacting to Unethical Behavior
2-4a. Loyalty
2-4b. Exit
2-4c. Voice
2-4d. Ethics Case: Truth or Consequences
2-5. Applying the Principles
2-5a. Personal Ethics in the Workplace
2-5b. Ethics Case: Weird Wierdsma
2-5c. The Organization’s Responsibility to Society
2-5d. Ethics Case: Breathing the Fumes
2-5e. The Organization’s Responsibility to Its Employees
2-5f. Ethics Case: The Storm after the Storm
2-5g. The Organization’s Responsibility to Its Customers
2-5h. Ethics Case: Mickey Weighs In
2-5i. The Organization’s Responsibility to Overseas Workers
2-5j. Ethics Case: A Worm in the Apple
2-5k. Corporate Social Responsibility
2-5l. Ethics Case: The Beauty of a Well-Fed Child
Chapter Conclusion
Exam Review
Multiple-Choice Questions
Case Questions
Discussion Questions
Chapter 3. International Law
3-1. Sources of International Law
3-1a. Treaties
3-1b. Custom
3-1c. General Principles of Law
3-2. Actors in International Law
3-2a. States
3-2b. Regional Alliances
3-2c. International Organizations and Dispute Resolution
3-2d. Individuals
3-3. The World’s Legal Traditions
3-3a. Common Law
3-3b. Civil Law
3-3c. Religious Legal Systems: Islamic Law
3-4. Extraterritoriality: Domestic Laws Applied Abroad
3-4a. Application of U.S. Law Abroad
3-4b. Foreign Laws and Judgments in the United States
3-5. Contracting Internationally
3-5a. The Sale of Goods Across Borders
3-5b. Best Practices in International Contracts
Chapter Conclusion
Exam Review
Multiple-Choice Questions
Case Questions
Discussion Questions
Chapter 4. Common Law, Statutory Law, and Administrative Law
4-1. Common Law
4-1a. Stare Decisis
4-1b. Bystander Cases
4-2. Statutory Law
4-2a. Bills
4-2b. Discrimination: Congress and the Courts
4-2c. Debate
4-2d. Conference Committee
4-2e. Statutory Interpretation
4-2f. Changing Times
4-2g. Voters’ Role
4-2h. Congressional Override
4-3. Administrative Law
4-3a. Creation of Agencies
4-3b. Power of Agencies
4-3c. Limits on Agency Power
Chapter Conclusion
Exam Review
Multiple-Choice Questions
Case Questions
Discussion Questions
Chapter 5. Constitutional Law
5-1. Who Will Have Power?
5-1a. Overview
5-1b. Creating the Constitution: Important Principles
5-1c. Powers Granted
5-2. Protected Rights
5-2a. First Amendment
5-2b. Fifth Amendment: Due Process and the Takings Clause
5-2c. Fourteenth Amendment: Equal Protection Clause
Chapter Conclusion
Exam Review
Multiple-Choice Questions
Case Questions
Discussion Questions
Chapter 6. Dispute Resolution
6-1. Court Systems
6-1a. State Courts
6-1b. Federal Courts
6-2. Before Trial
6-2a. Pleadings
6-2b. Discovery
6-2c. Summary Judgment
6-2d. Final Preparation
6-3. The Anatomy of a Trial and Appeal
6-3a. The Trial
6-3b. Appeals
6-4. Alternative Dispute Resolution
6-4a. Negotiation
6-4b. Mediation
6-4c. Arbitration
Chapter Conclusion
Exam Review
Multiple-Choice Questions
Case Questions
Discussion Questions
Chapter 7. Crime
7-1. Criminal Procedure
7-1a. A Civil versus a Criminal Case
7-1b. Conduct Outlawed
7-1c. State of Mind
7-1d. Gathering Evidence: The Fourth Amendment
7-1e. After Arrest
7-2. Crimes That Harm Businesses (And Their Customers)
7-2a. Larceny
7-2b. Embezzlement
7-2c. Fraud
7-2d. Arson
7-2e. Phishing and Hacking
7-3. Crimes Committed By Business
7-3a. Making False Statements
7-3b. Workplace Crimes
7-3c. RICO
7-3d. Money Laundering
7-3e. Hiring Unauthorized Workers
7-3f. Foreign Corrupt Practices Act
7-3g. Other Crimes
7-3h. Punishing a Corporation
Chapter Conclusion
Exam Review
Multiple-Choice Questions
Case Questions
Discussion Questions

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