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