Business Law: Text and Cases, 15th Edition PDF by Kenneth W. Clarkson and Roger LeRoy Miller

By

Business Law: Text and Cases, 15th Edition

By Kenneth W. Clarkson and Roger LeRoy Miller

Business Law: Text and Cases

Contents

Unit One

The Legal Environment of Business 1

Chapter 1

Law and Legal Reasoning 2

Business Activities and the Legal Environment 2

Sources of American Law 3

The Common Law Tradition 6

■ Ethics Today: Stare Decisis versus Spider-Man 9

Schools of Legal Thought 11

Classifications of Law 12

How to Find Primary Sources of Law 13

How to Read and Understand Case Law 16

Chapter 2

Business and the Constitution 26

The Constitutional Powers of Government 26

Classic Case 2.1 Heart of Atlanta Motel v. United States 28

Business and the Bill of Rights 30

■ Digital Update: Does Everyone Have a Constitutional Right

to Use Social Media? 32

Case 2.2 Animal Legal Defense Fund v. Wasden 33

Spotlight on Beer Labels

Case 2.3 Bad Frog Brewery, Inc. v. New York State

Liquor Authority 35

Due Process and Equal Protection 39

Privacy Rights 40

Chapter 3

Ethics in Business 44

Ethics and the Role of Business 44

■ Digital Update: Should Employees Have a “Right of

Disconnecting”? 47

Case 3.1 Al-Dabagh v. Case Western Reserve University 48

Ethical Principles and Philosophies 49

Sources of Ethical Issues in Business Decisions 52

Case 3.2 Watson Laboratories, Inc. v. State of Mississippi 53

Making Ethical Business Decisions 55

Business Ethics on a Global Level 58

■ Ethics Today: Applying the IDDR Framework 59

Appendix to Chapter 3: The Costco Code of Ethics 64

Chapter 4

Courts and Alternative Dispute Resolution 65

The Judiciary’s Role in American Government 65

Basic Judicial Requirements 66

Case Analysis 4.1 Mala v. Crown Bay Marina, Inc. 68

Spotlight on Gucci

Case 4.2 Gucci America, Inc. v. Wang Huoqing 70

The State and Federal Court Systems 73

Case 4.3 Johnson v. Oxy USA, Inc. 74

■ Managerial Strategy: Should You Consent to Have Your

Business Case Decided by a U.S. Magistrate Judge? 76

Alternative Dispute Resolution 79

International Dispute Resolution 82

Chapter 5

Court Procedures 86

Procedural Rules 86

Pretrial Procedures 88

■ Digital Update: Using Social Media for Service of

Process 90

Case Analysis 5.1 Espresso Disposition Corp. 1 v. Santana Sales

& Marketing Group, Inc. 91

Case 5.2 Lewis v. Twenty-First Century Bean Processing 93

Case 5.3 Klipsch Group, Inc. v. ePRO E-Commerce Limited 96

The Trial 99

Posttrial Motions 101

The Appeal 102

Enforcing the Judgment 103

Unit One Task-Based Simulation 107

Unit One Application and Ethics:

“Arbitration, No Class Actions” 108

Unit Two

Torts and Crimes 111

Chapter 6

Tort Law 112

The Basis of Tort Law 112

Intentional Torts against Persons 113

Case Analysis 6.1 Blake v. Giustibelli 115

■ Digital Update: Revenge Porn and Invasion of Privacy 119

Intentional Torts against Property 122

Unintentional Torts—Negligence 124

Case 6.2 Bogenberger v. Pi Kappa Alpha Corporation, Inc. 125

Defenses to Negligence 128

Spotlight on the Seattle Mariners

Case 6.3 Taylor v. Baseball Club of Seattle, LP 129

Chapter 7

Strict Liability and Product Liability 134

Strict Liability 134

Product Liability 135

Case Analysis 7.1 Schwarck v. Arctic Cat, Inc. 136

Strict Product Liability 137

Case 7.2 Stange v. Janssen Pharmaceuticals, Inc. 140

■ Managerial Strategy: When Is a Warning Legally

Bulletproof? 142

Defenses to Product Liability 143

Case 7.3 VeRost v. Mitsubishi Caterpillar Forklift America, Inc. 144

Chapter 8

Intellectual Property Rights 150

Trademarks and Related Property 150

Classic Case 8.1 The Coca-Cola Co. v. The Koke

Co. of America 150

Case 8.2 Headspace International, LLC v. Podworks Corp. 152

■ Global Insight: ALEVE versus FLANAX—Same Pain Killer,

But in Different Countries 154

Patents 157

Copyrights 159

Case Analysis 8.3 Winstead v. Jackson 161

Trade Secrets 164

International Protection for Intellectual Property 164

Chapter 9

Internet Law, Social Media, and Privacy 170

Internet Law 170

Spotlight on Internet Porn

Case 9.1 Hasbro, Inc. v. Internet Entertainment

Group, Ltd. 173

Copyrights in Digital Information 174

■ Digital Update: Riot Games, Inc., Protects Its Online Video

Game Copyrights 175

Case 9.2 BMG Rights Management (US), LLC v. Cox

Communications, Inc. 176

Social Media 178

Online Defamation 180

Other Actions Involving Online Posts 181

Case Analysis 9.3 David v. Textor 182

Privacy 183

Chapter 10

Criminal Law and Cyber Crime 187

Civil Law and Criminal Law 187

Criminal Liability 189

■ Digital Update: Using Twitter to Cause Seizures—

A Crime? 189

Case 10.1 United States v. Crabtree 190

■ Managerial Strategy: The Criminalization of American

Business 192

Types of Crimes 193

Spotlight on White-Collar Crime

Case 10.2 People v. Sisuphan 195

Defenses to Criminal Liability 199

Criminal Procedures 201

Cyber Crime 204

Case Analysis 10.3 United States v. Warner 205

Unit Two Task-Based Simulation 211

Unit Two Application and Ethics:

One of the Biggest Data Breaches Ever 212

Unit Three

Contracts and E-Contracts 215

Chapter 11

Nature and Terminology 216

An Overview of Contract Law 216

Elements of a Contract 217

Case Analysis 11.1 Weston v. Cornell University 218

Types of Contracts 219

Case 11.2 Boswell v. Panera Bread Co. 220

Quasi Contracts 223

Interpretation of Contracts 225

Spotlight on Columbia Pictures

Case 11.3 Wagner v. Columbia Pictures Industries, Inc. 226

Chapter 12

Agreement 231

Elements of Agreement 231

Classic Case 12.1 Lucy v. Zehmer 232

Spotlight on Amazon.com

Case 12.2 Basis Technology Corp. v. Amazon.com, Inc. 234

■ Digital Update: Can Your E-Mails or Instant Messages

Create a Valid Contract? 238

Agreement in E-Contracts 240

Case 12.3 Bailey v. Kentucky Lottery Corp. 242

U.S. Laws Affecting E-Contracts 245

International Treaties Affecting E-Contracts 247

Chapter 13

Consideration 250

Elements of Consideration 250

Classic Case 13.1 Hamer v. Sidway 250

Case 13.2 Cincinnati Reds, LLC v. Testa 252

Agreements That Lack Consideration 254

Settlement of Claims 256

Spotlight on Nike

Case 13.3 Already, LLC v. Nike, Inc. 257

Exceptions to the Consideration Requirement 258

Chapter 14

Capacity and Legality 263

Contractual Capacity 263

Case 14.1 PAK Foods Houston, LLC v. Garcia 264

Legality 268

Case 14.2 Kennedy v. Shave Barber Co. 270

Case Analysis 14.3 Holmes v. Multimedia KSDK, Inc. 273

■ Managerial Strategy: Creating Liability Waivers That Are

Not Unconscionable 275

Chapter 15

Mistakes, Fraud,

and Voluntary Consent 280

Mistakes 280

Fraudulent Misrepresentation 282

Case 15.1 McCullough v. Allstate Property and Casualty

Insurance Co. 282

Case Analysis 15.2 Cronkelton v. Guaranteed Construction

Services, LLC 285

■ Digital Update: “Catfishing” and Fraudulent

Misrepresentation 287

Case 15.3 Fazio v. Cypress/GR Houston I, LP 288

Undue Influence 289

Duress 289

Adhesion Contracts and Unconscionability 290

Chapter 16

The Writing Requirement 294

The Statute of Frauds 294

Contracts That Require a Writing 294

Case Analysis 16.1 Sloop v. Kiker 295

Exceptions to the Writing Requirement 298

Sufficiency of the Writing 300

Case 16.2 Moore v. Bearkat Energy Partners, LLC 301

The Parol Evidence Rule 302

Case 16.3 Frewil, LLC v. Price 303

The Statute of Frauds in the International Context 305

Chapter 17

Third Party Rights 309

Assignments and Delegations 309

Case 17.1 Bass-Fineberg Leasing, Inc. v. Modern Auto Sales, Inc. 312

Case 17.2 Mirandette v. Nelnet, Inc. 314

Third Party Beneficiaries 316

Case Analysis 17.3 Bozzio v. EMI Group, Ltd. 317

Chapter 18

Performance and Discharge 324

Conditions 324

Discharge by Performance 325

Classic Case 18.1 Jacob & Youngs v. Kent 327

Case Analysis 18.2 Kohel v. Bergen Auto Enterprises, L.L.C. 328

Discharge by Agreement 330

Case 18.3 DWB, LLC v. D&T Pure Trust 332

Discharge by Operation of Law 333

■ Ethics Today: When Is Impossibility of Performance a

Valid Defense? 334

Chapter 19

Breach of Contract and Remedies 339

Damages 339

Case Analysis 19.1 Baird v. Owens Community College 340

Spotlight on Liquidated Damages

Case 19.2 Kent State University v. Ford 344

Equitable Remedies 345

Case 19.3 Cipriano Square Plaza Corp. v. Munawar 346

Recovery Based on Quasi Contract 349

Waiver of Breach 350

Contract Provisions Limiting Remedies 351

Unit Three Task-Based Simulation 355

Unit Three Application and Ethics:

Nondisclosure Agreements 356

Unit Four

Domestic and International

Sales and Lease Contracts 359

Chapter 20

Sales and Lease Contracts 360

The Uniform Commercial Code 360

The Scope of Articles 2 (Sales) and 2A (Leases) 361

■ Digital Update: Taxing Web Purchases 363

The Formation of Sales and Lease Contracts 365

Case 20.1 Toll Processing Services, LLC v. Kastalon, Inc. 365

Case 20.2 C. Mahendra (N.Y.), LLC v. National Gold & Diamond

Center, Inc. 369

Classic Case 20.3 Jones v. Star Credit Corp. 375

Contracts for the International Sale of Goods 376

Appendix to Chapter 20 An Example of a Contract for the

International Sale of Coffee 382

Chapter 21

Title, Risk, and Insurable Interest 386

Identification 386

Case Analysis 21.1 BMW Group, LLC v. Castle Oil Corp. 387

When Title Passes 388

■ Managerial Strategy: Commercial Use of Drones 389

Case 21.2 Louisiana Department of Revenue v. Apeck

Construction, Inc. 389

Spotlight on Andy Warhol Case 21.3 Lindholm v. Brant 393

Risk of Loss 395

Insurable Interest 399

Chapter 22

Performance and Breach

of Sales and Lease Contracts 403

Obligations of the Seller or Lessor 403

Case 22.1 All the Way Towing, LLC v. Bucks County

International, Inc. 405

Obligations of the Buyer or Lessee 409

Remedies of the Seller or Lessor 411

Remedies of the Buyer or Lessee 413

Case Analysis 22.2 Genesis Health Clubs, Inc. v. LED Solar &

Light Co. 416

Spotlight on Baseball Cards

Case 22.3 Fitl v. Strek 418

Additional Provisions Affecting Remedies 419

Dealing with International Contracts 420

Chapter 23

Warranties 424

Warranties of Title 424

Express Warranties 425

Implied Warranties 427

Classic Case 23.1 Webster v. Blue Ship Tea Room, Inc. 429

Overlapping Warranties 431

Warranty Disclaimers and Limitations on Liability 432

Case Analysis 23.2 Roberts v. Lanigan Auto Sales 432

Chapter 24

International and Space Law 437

International Law 437

Case 24.1 Rubin v. Islamic Republic of Iran 441

Doing Business Internationally 442

■ Ethics Today: Is It Ethical (and Legal) to Brew “Imported”

Beer Brands Domestically? 443

Regulation of Specific Business Activities 445

Case 24.2 Changzhou Trina Solar Energy Co., Ltd. v. United

States International Trade Commission 446

International Dispute Resolution 448

U.S. Laws in a Global Context 449

Spotlight on International Torts

Case 24.3 Daimler AG v. Bauman 449

Space Law 451

Unit Four Task-Based Simulation 456

Unit Four Application and Ethics:

Success in Global Commerce 457

Unit Five

Negotiable Instruments 461

Chapter 25

Negotiable Instruments 462

Types of Negotiable Instruments 462

Case 25.1 Silicon Valley Bank v. Miracle Faith

World Outreach, Inc. 465

Requirements for Negotiability 466

Case Analysis 25.2 OneWest Bank, FSB v. Nunez 468

Factors That Do Not Affect Negotiability 472

Case 25.3 Charles R. Tips Family Trust v.

PB Commercial, LLC 473

Chapter 26

Transferability and

Holder in Due Course 478

Negotiation 478

Indorsements 479

Case 26.1 In re Bass 479

Case Analysis 26.2 AS Peleus, LLC v. Success, Inc. 481

Holder in Due Course (HDC) 486

Case 26.3 Jarrell v. Conerly 488

Holder through an HDC 491

Chapter 27

Liability, Defenses, and Discharge 496

Signature Liability 496

Case Analysis 27.1 Envision Printing, LLC v. Evans 499

Warranty Liability 502

Defenses and Limitations 505

Case 27.2 Mills v. Chauvin 507

Discharge 510

Chapter 28

Banking 514

Checks 514

The Bank-Customer Relationship 516

The Bank’s Duty to Honor Checks 517

Case Analysis 28.1 Legg v. West Bank 517

Case 28.2 Horton v. JPMorgan Chase Bank, N.A. 521

The Bank’s Duty to Accept Deposits 523

Case 28.3 Shahin v. Delaware Federal Credit Union 525

Electronic Fund Transfers 528

Online Banking and E-Money 529

■ Digital Update: Electronic Payment Systems Are Reducing

the Use of Checks 530

Unit Five Task-Based Simulation 533

Unit Five Application and Ethics:

Virtual Currency—Is It Safe? 534

Unit Six

Creditors’ Rights and Bankruptcy 537

Chapter 29

Creditors’ Rights and Remedies 538

Laws Assisting Creditors 538

Case Analysis 29.1 Picerne Construction Corp. v. Villas 539

Mortgages 542

■ Ethics Today: Creditors’ Rights When Debtors Move to

Another State 543

Case 29.2 Banc of California, N.A. v. Madhok 545

Suretyship and Guaranty 547

Case 29.3 HSBC Realty Credit Corp. (USA) v. O’Neill 548

Protection for Debtors 550

Chapter 30

Secured Transactions 554

The Terminology of Secured Transactions 554

Creation of a Security Interest 554

Case 30.1 Royal Jewelers, Inc. v. Light 555

■ Digital Update: Secured Transactions—Escrow Services

Online 557

Perfection of a Security Interest 557

The Scope of a Security Interest 562

Case 30.2 In re Tusa–Expo Holdings, Inc. 563

Priorities 566

Rights and Duties of Debtors and Creditors 569

Default 569

Case 30.3 SunTrust Bank v. Monroe 571

Chapter 31

Bankruptcy Law 577

The Bankruptcy Code 577

Liquidation Proceedings 578

Case 31.1 In re Anderson 584

■ Ethics Today: Should There Be More Relief for Student

Loan Defaults? 587

Case 31.2 In re Cummings 588

Reorganizations 589

Bankruptcy Relief under Chapter 12 and Chapter 13 591

Case 31.3 In re Chamberlain 593

Unit Six Task-Based Simulation 599

Unit Six Application and Ethics:

Federal Student Loans—Default and Discharge 600

Unit Seven

Agency and Employment 603

Chapter 32

Agency Formation and Duties 604

Agency Relationships 604

■ Ethics Today: Is It Fair to Classify Uber and Lyft Drivers as

Independent Contractors? 606

Formation of the Agency Relationship 607

Case 32.1 Riedel v. Akron General Health System 608

Duties of Agents and Principals 610

Spotlight on Taser International

Case 32.2 Taser International, Inc. v. Ward 611

Case Analysis 32.3 NRT New England, LLC v. Jones 614

Rights and Remedies of Agents and Principals 616

Chapter 33

Agency Liability and Termination 620

Scope of Agent’s Authority 620

Spotlight on Apparent Authority of Managers

Case 33.1 Lundberg v. Church Farm, Inc. 622

Case 33.2 Dearborn West Village Condominium

Association v. Makki 623

Liability for Contracts 625

Liability for Torts and Crimes 627

■ Global Insight: Islamic Law and Respondeat Superior 629

Case Analysis 33.3 M.J. v. Wisan 631

Termination of an Agency 633

Chapter 34

Employment, Immigration, and Labor Law 639

Employment at Will 639

Case 34.1 Caterpillar, Inc. v. Sudlow 640

Wages, Hours, and Layoffs 642

■ Ethics Today: Is It Fair to Dock Employees’ Pay for

Bathroom Breaks? 643

Case 34.2 Encino Motorcars, LLC v. Navarro 643

Family and Medical Leave 645

Health, Safety, and Income Security 646

Employee Privacy Rights 649

Immigration Law 650

Labor Unions 652

■ Managerial Strategy: Union Organizing Using a Company’s

E-Mail System 655

Case Analysis 34.3 Contemporary Cars, Inc. v. National

Labor Relations Board 655

Chapter 35

Employment Discrimination 662

Title VII of the Civil Rights Act 662

■ Digital Update: Hiring Discrimination Based on Social

Media Posts 666

Case Analysis 35.1 Bauer v. Lynch 667

Case 35.2 Young v. United Parcel Service, Inc. 668

Case 35.3 Franchina v. City of Providence 672

Discrimination Based on Age 673

Discrimination Based on Disability 675

Discrimination Based on Military Status 677

Defenses to Employment Discrimination 678

Affirmative Action 679

Unit Seven Task-Based Simulation 683

Unit Seven Application and Ethics:

Health Insurance and Small Business 684

Unit Eight

Business Organizations 687

Chapter 36

Small Businesses and Franchises 688

General Considerations for Small Businesses 688

Sole Proprietorships 689

Case Analysis 36.1 A. Gadley Enterprises, Inc. v. Department of

Labor and Industry Office of Unemployment Compensation

Tax Services 690

■ Digital Update: A Sole Proprietorship, Facebook Poker, and

Bankruptcy 692

Franchises 693

Franchise Termination 696

Case 36.2 S&P Brake Supply, Inc. v. Daimler Trucks North

America, LLC 696

Spotlight on Holiday Inns

Case 36.3 Holiday Inn Franchising, Inc. v. Hotel

Associates, Inc. 698

Chapter 37

All Forms of Partnerships 703

Basic Partnership Concepts 703

Case 37.1 Harun v. Rashid 704

Formation and Operation 706

Classic Case 37.2 Meinhard v. Salmon 708

Dissociation and Termination 711

Case Analysis 37.3 Shamburger v. Shamburger 714

Limited Liability Partnerships 715

Limited Partnerships 716

■ Ethics Today: Should an Innocent General Partner Be Jointly

Liable for Fraud? 719

Chapter 38

Limited Liability Companies

and Special Business Forms 723

The Limited Liability Company 723

Case 38.1 Hodge v. Strong Built International, LLC 725

LLC Management and Operation 727

■ Managerial Strategy: Can a Person Who Is Not a Member

of a Protected Class Sue for Discrimination? 728

Case 38.2 Schaefer v. Orth 729

Dissociation and Dissolution of an LLC 730

Case Analysis 38.3 Reese v. Newman 731

Special Business Forms 733

Chapter 39

Corporate Formation and Financing 739

The Nature and Classification of Corporations 739

■ Digital Update: Programs That Predict Employee

Misconduct 741

Case 39.1 Drake Manufacturing Co. v. Polyflow, Inc. 741

Case Analysis 39.2 Pantano v. Newark Museum 743

Case 39.3 Greenfield v. Mandalay Shores

Community Association 746

Corporate Formation and Powers 748

■ Global Insight: Does Cloud Computing Have a

Nationality? 751

Piercing the Corporate Veil 751

Corporate Financing 753

Chapter 40

Corporate Directors, Off icers, and

Shareholders 759

Role of Directors and Officers 759

Duties and Liabilities of Directors and Off icers 762

Case 40.1 Oliveira v. Sugarman 764

Classic Case 40.2 Guth v. Loft, Inc. 765

The Role of Shareholders 767

Rights of Shareholders 770

Case 40.3 Hammoud v. Advent Home Medical, Inc. 772

Duties and Liabilities of Shareholders 774

Chapter 41

Mergers and Takeovers 778

Merger, Consolidation, and Share Exchange 778

Case Analysis 41.1 In re Trulia, Inc. Stockholder

Litigation 780

Purchase of Assets 782

Case 41.2 Heavenly Hana, LLC v. Hotel Union & Hotel

Industry of Hawaii Pension Plan 784

Purchase of Stock 785

Corporate Termination 787

Major Business Forms Compared 788

Chapter 42

Investor Protection, Insider Trading, and

Corporate Governance 794

The Securities Act of 1933 794

■ Managerial Strategy: The SEC’s Pay-Ratio Disclosure

Rule 796

■ Digital Update: Investment Crowdfunding—Regulations

and Restrictions 798

Case 42.1 Omnicare, Inc. v. Laborers District Council

Construction Industry Pension Fund 800

The Securities Exchange Act of 1934 802

Classic Case 42.2 SEC v. Texas Gulf Sulphur Co. 803

Case 42.3 Singer v. Reali 807

State Securities Laws 809

Corporate Governance 810

Unit Eight Task-Based Simulation 816

Unit Eight Application and Ethics:

Business Start-Ups Online 817

Unit Nine

Government Regulation 821

Chapter 43

Administrative Agencies 822

The Practical Significance of Administrative Law 822

Agency Creation and Powers 823

Case 43.1 Simmons v. Smith 826

The Administrative Process 828

Case 43.2 Craker v. Drug Enforcement Administration 831

Judicial Deference to Agency Decisions 832

Case Analysis 43.3 Olivares v. Transportation

Security Administration 833

Public Accountability 835

Chapter 44

Consumer Law 839

Advertising, Marketing, and Sales 839

Case 44.1 POM Wonderful, LLC v. Federal

Trade Commission 840

■ Digital Update: Regulating “Native” Ads on the

Internet 843

Case 44.2 Haywood v. Massage Envy Franchising, LLC 844

Labeling and Packaging Laws 846

Protection of Health and Safety 847

Credit Protection 848

Case Analysis 44.3 Santangelo v. Comcast Corp. 850

Chapter 45

Environmental Protection 856

Common Law Actions 856

Federal, State, and Local Regulations 857

Case Analysis 45.1 Friends of Animals v. Clay 857

■ Global Insight: Can a River Be a Legal Person? 860

Air Pollution 860

Case 45.2 United States v. O’Malley 862

Water Pollution 864

Toxic Chemicals and Hazardous Waste 866

Chapter 46

Antitrust Law 871

The Sherman Antitrust Act 871

Section 1 of the Sherman Act 872

Section 2 of the Sherman Act 875

Case Analysis 46.1 McWane, Inc. v. Federal

Trade Commission 877

The Clayton Act 878

Case 46.2 Candelore v. Tinder, Inc. 879

Enforcement and Exemptions 882

Case 46.3 TransWeb, LLC v. 3M Innovative Properties Co. 883

U.S. Antitrust Laws in the Global Context 884

■ Digital Update: The European Union Issues Record Fines

Against Google in Antitrust Case 886

Chapter 47

Professional Liability and

Accountability 890

Potential Liability to Clients 890

■ Ethics Today: What Are an Attorney’s Responsibilities for

Protecting Data Stored in the Cloud? 891

Potential Liability to Third Parties 894

Case Analysis 47.1 Perez v. Stern 896

The Sarbanes-Oxley Act 897

Case 47.2 Laccetti v. Securities and Exchange Commission 898

Potential Liability of Accountants under

Securities Laws 901

Confidentiality and Privilege 904

Case 47.3 Commonwealth of Pennsylvania v.

Schultz 905

Unit Nine Task-Based Simulation 910

Unit Nine Application and Ethics:

Climate Change 911

Unit Ten

Property and Its Protection 915

Chapter 48

Personal Property and Bailments 916

Personal Property versus Real Property 916

Acquiring Ownership of Personal Property 917

■ Digital Update: The Exploding World of Digital

Property 917

Classic Case 48.1 In re Estate of Piper 919

Mislaid, Lost, and Abandoned Property 920

Case 48.2 State of Washington v. Preston 923

Bailments 924

Ordinary Bailments 925

Case Analysis 48.3 Zissu v. IH2 Property Illinois, L.P. 928

Special Types of Bailments 930

Chapter 49

Real Property and Landlord-Tenant Law 935

The Nature of Real Property 935

Ownership and Other Interests in Real Property 937

Case 49.1 In the Matter of the Estate of Nelson 938

Transfer of Ownership 942

Spotlight on Sales of Haunted Houses

Case 49.2 Stambovsky v. Ackley 943

Case Analysis 49.3 Montgomery County v. Bhatt 946

Limitations on the Rights of Property Owners 948

■ Ethics Today: Should Eminent Domain Be Used to Promote

Private Development? 949

Zoning and Government Regulations 950

Landlord-Tenant Relationships 952

Chapter 50

Insurance 957

Insurance Terminology and Concepts 957

Case 50.1 Breeden v. Buchanan 959

The Insurance Contract 960

Case 50.2 Cannon v. Farm Bureau Insurance Company 964

Types of Insurance 966

Chapter 51

Wills and Trusts 973

Wills 973

Case 51.1 In re Navarra 976

Case Analysis 51.2 Peterson v. Harrell 978

■ Digital Update: Social Media Estate Planning 981

Intestacy Laws 981

Trusts 984

Case 51.3 Dowdy v. Dowdy 985

Other Estate-Planning Issues 989

Unit Ten Task-Based Simulation 994

Unit Ten Application and Ethics:

Business Planning for Divorce 995

Appendices

A How to Brief Cases and Analyze Case Problems A –1

B A nswers to the Issue Spotters A–4

C S ample Answers for Business Case Problems with

Sample Answer A–13

Glossary G–1

Table of Cases TC–1

Index I–1

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