Business Law Text & Exercises, Tenth Edition
By Roger LeRoy Miller
Contents:
Unit 1
The Law and Our Legal System 1
Chapter 1
Introduction to the Law 2
What Is Law? 2
Business Activities and the
Legal Environment 2
Highlighting the Point 3
Sources of American Law 3
Real Case 5
Highlighting the Point 6
Civil Law Versus Criminal Law 7
National Law Around the World 7
International Law 7
Linking Business Law to Your Career: Consulting an Expert for Advice 8
Chapter 1—Work Set 11
Chapter 2
Ethics in Business 13
The Importance of Business Ethics 13
Setting the Right Ethical Tone 14
Real Case 15
Highlighting the Point 15
The Sarbanes-Oxley Act 16
Business Ethics and the Law 16
Highlighting the Point 17
Approaches to Ethical Reasoning 18
Highlighting the Point 19
Business Ethics and Social Media 20
Highlighting the Point 21
Business Ethics on a Global Level 21
Highlighting the Point 22
Linking Business Law to Your Career: Managing a Company’s Reputation 22
Chapter 2—Work Set 25
Chapter 3
The Courts and Our Legal System 27
Jurisdiction 27
The State Court System 28
The Federal Court System 29
The State Court Case Process 32
Highlighting the Point 32
Real Case 33
Alternative Dispute Resolution 36
Chapter 3—Work Set 41
Chapter 4
The Constitutional Powers of Government 43
Real Case 44
Highlighting the Point 45
Business and the Bill of Rights 46
Highlighting the Point 48
Due Process and Equal Protection 49
Privacy Rights 50
Linking Business Law to Your Career:
Pretexting and Marketing 51
Chapter 4—Work Set 53
Chapter 5
Business Torts 55
The Basis of Tort Law 55
Intentional Torts Against Persons 55
Real Case 57
Intentional Torts Against Property 58
Highlighting the Point 59
Negligence 60
Highlighting the Point 60
Highlighting the Point 61
Strict Liability 62
Chapter 5—Work Set 65
Chapter 6
Intellectual Property 67
Trademarks and Related Property 67
Highlighting the Point 68
Highlighting the Point 70
Patents 70
Copyrights 71
Real Case 72
Highlighting the Point 73
Highlighting the Point 73
Highlighting the Point 75
International Protection for Intellectual Property 75
Linking Business Law to Your Career:
Trademarks and Service Marks 76
Chapter 6—Work Set 79
Chapter 7
Business Crimes 81
Civil Law and Criminal Law 81
Constitutional Safeguards 82
Highlighting the Point 84
Crimes Affecting Business 84
Highlighting the Point 85
Highlighting the Point 85
Defenses to Criminal Liability 86
Cybercrime 87
Real Case 88
Linking Business Law to Your Career:
Protect Your Company Against Hacking 90
Chapter 7—Work Set 93
Unit 2
Contracts 95
Chapter 8
Introduction to Contracts 96
The Definition of a Contract 96
Real Case 97
Types of Contracts 98
Highlighting the Point 99
Highlighting the Point 100
Interpretation of Contracts 102
Chapter 8—Work Set 105
Chapter 9
Offer and Acceptance 107
Requirements of the Offer 107
Highlighting the Point 108
Termination of the Offer 109
Highlighting the Point 109
Acceptance 111
Highlighting the Point 111
E-Contracts—Offer and Acceptance 112
Real Case 113
Chapter 9—Work Set 117
Chapter 10
Consideration 119
Elements of Consideration 119
Highlighting the Point 120
Real Case 121
The Lack of Consideration 121
Highlighting the Point 121
Settlement of Claims 123
Highlighting the Point 123
Promissory Estoppel 124
Chapter 10—Work Set 127
Chapter 11
Capacity 129
Minors 129
Real Case 130
Highlighting the Point 131
Highlighting the Point 132
Intoxicated Persons 133
Mentally Incompetent Persons 133
Highlighting the Point 134
Linking Business Law to Your Career:
Contracts With Minors 134
Chapter 11—Work Set 137
Chapter 12
The Legality of Agreements 139
Contracts Contrary to Statute 139
Highlighting the Point 141
Highlighting the Point 141
Contracts Contrary to Public Policy 142
Real Case 142
Highlighting the Point 143
Highlighting the Point 144
The Effect of Illegality 144
Highlighting the Point 144
Highlighting the Point 145
Chapter 12—Work Set 149
Chapter 13
Voluntary Consent 151
Mistakes 151
Real Case 152
Fraudulent Misrepresentation 153
Highlighting the Point 154
Highlighting the Point 156
Undue Influence and Duress 156
Highlighting the Point 157
Chapter 13—Work Set 161
Chapter 14
Contracts That Must Be in Writing 163
The Statute of Frauds—
Writing Requirement 163
Highlighting the Point 165
Highlighting the Point 166
Highlighting the Point 167
The Sufficiency of the Writing 168
The Parol Evidence Rule 169
Real Case 169
Highlighting the Point 170
Linking Business Law to Your Career:
Enforceable E-Mail and Text Contracts 172
Chapter 14—Work Set 175
Chapter 15
Third Party Rights 177
Assignments and Delegations 177
Highlighting the Point 179
Highlighting the Point 180
Highlighting the Point 181
Third Party Beneficiaries 181
Real Case 182
Highlighting the Point 184
Linking Business Law to Your Career:
Assignment and Delegation 184
Chapter 15—Work Set 187
Chapter 16
Termination and Remedies 189
Contract Termination 189
Real Case 190
Highlighting the Point 191
Highlighting the Point 192
Contract Remedies 194
Highlighting the Point 195
Highlighting the Point 195
Highlighting the Point 196
Linking Business Law to Your Career:
Performance and Compromise 198
Chapter 16—Work Set 201
Unit 3
Sales and Leases 203
Chapter 17
Introduction to Sales and
Lease Contracts 204
Sales and Leases of Goods 204
Highlighting the Point 205
Sales and Lease Contracts 206
Highlighting the Point 207
Highlighting the Point 208
Highlighting the Point 209
Highlighting the Point 209
Real Case 210
Highlighting the Point 211
Chapter 17—Work Set 215
Chapter 18
Title and Risk of Loss 217
Identification 217
Passage of Title 218
Highlighting the Point 219
Highlighting the Point 220
Risk of Loss 221
Highlighting the Point 222
Highlighting the Point 223
Real Case 224
Insurable Interest 225
Highlighting the Point 225
Linking Business Law to Your Career:
Risk Management 226
Chapter 18—Work Set 229
Chapter 19
Performance and Breach 231
Obligations of the Seller or Lessor 231
Highlighting the Point 232
Highlighting the Point 234
Highlighting the Point 235
Obligations of the Buyer or Lessee 235
Real Case 236
Remedies of the Seller or Lessor 237
Highlighting the Point 238
Remedies of the Buyer or Lessee 238
Highlighting the Point 239
Chapter 19—Work Set 243
Chapter 20
Warranties and Product Liability 245
Warranties of Title 245
Highlighting the Point 246
Express Warranties 246
Real Case 247
Implied Warranties 248
Highlighting the Point 248
Warranty Disclaimers and
Limitations on Liability 249
Highlighting the Point 250
Product Liability 251
Highlighting the Point 251
Highlighting the Point 253
Highlighting the Point 254
Linking Business Law to Your Career:
Quality Control Management 254
Chapter 20—Work Set 257
Chapter 21
Consumer Protection 259
Deceptive Advertising 259
Highlighting the Point 260
Highlighting the Point 261
Labeling Laws and Consumer Sales 262
Credit Protection 263
Real Case 264
Highlighting the Point 266
Protection of Health and Safety 267
Chapter 21—Work Set 271
U n i t 4
Negotiable Instruments 273
Chapter 22
The Essentials of Negotiability 274
Types of Instruments 274
Real Case 277
What Is a Negotiable Instrument? 278
Highlighting the Point 280
Transfer of Instruments 281
Highlighting the Point 281
Highlighting the Point 282
Chapter 22—Work Set 285
Chapter 23
Negotiable Instruments: Transfer and
Liability 287
Requirements for HDC Status 287
Highlighting the Point 288
Signature Liability 290
Real Case 290
Highlighting the Point 292
Warranty Liability 293
Highlighting the Point 294
Defenses 294
Discharge 296
Chapter 23—Work Set 299
Chapter 24
Banking 301
Checks and the Bank–Customer Relationship 301
Real Case 302
Honoring Checks 303
Highlighting the Point 305
Accepting Deposits 306
Highlighting the Point 307
Electronic Fund Transfers 309
Banking in the Digital Age 310
Chapter 24—Work Set 315
U n i t 5
Agency and Employment 317
Chapter 25
Agency Relationships 318
Principal–Agent Relationships 318
Highlighting the Point 319
Agency Formation 319
Real Case 320
Duties of Agents and Principals 321
Agent’s Authority 322
Highlighting the Point 323
Highlighting the Point 324
Liability in Agency Relationships 324
Highlighting the Point 325
Termination of Agency Relationships 326
Highlighting the Point 326
Linking Business Law to Your Career:
Independent Contractors 327
Chapter 25—Work Set 331
Chapter 26
Employment, Immigration, and Labor
Law 333
Employment at Will 333
Highlighting the Point 333
Worker Protections 334
Highlighting the Point 335
Highlighting the Point 336
Retirement Income and Security 337
Highlighting the Point 339
Immigration Law 339
Labor Law 340
Real Case 340
Chapter 26—Work Set 345
Chapter 27
Employment Discrimination 347
Title VII of the Civil Rights Act 347
Highlighting the Point 348
Discrimination Based on Age 351
Highlighting the Point 352
Discrimination Based on Disability 352
Highlighting the Point 353
Defenses to Employment Discrimination 354
Real Case 354
Linking Business Law to Your Career:
Human Resources Management 355
Chapter 27—Work Set 359
Unit 6
Business Organizations 361
Chapter 28
Types of Business Organizations 362
Sole Proprietorships 362
Partnerships 363
Real Case 364
Highlighting the Point 365
Highlighting the Point 365
Highlighting the Point 367
Highlighting the Point 368
Highlighting the Point 368
Highlighting the Point 369
Highlighting the Point 370
Limited Liability Companies 370
Linking Business Law to Your Career:
“Doing Business As” a Sole Proprietor 371
Chapter 28—Work Set 375
Chapter 29
Formation and Ownership
of a Corporation 377
Formation of a Corporation 377
Real Case 379
Corporate Classifications, Powers,
and Liability 380
Corporate Financing 381
Sales of Securities 383
Highlighting the Point 383
Corporate Ownership—Shareholders 384
Highlighting the Point 385
Highlighting the Point 387
Chapter 29—Work Set 391
Chapter 30
Management of a Corporation 393
Corporate Management—Directors 393
Highlighting the Point 395
Highlighting the Point 395
Corporate Management—Officers 396
Duties of Directors and Officers 396
Real Case 397
Liability of Directors and Officers 398
Chapter 30—Work Set 401
Chapter 31
Combining and Dissolving
Corporations 403
Mergers, Consolidations, and Share Exchanges 403
Highlighting the Point 404
Real Case 405
Purchase of Assets 406
Purchase of Stock 406
Termination of a Corporation 408
Highlighting the Point 408
Chapter 31—Work Set 413
Unit 7
Credit and Risk 415
Chapter 32
Security Interests and Creditors’
Remedies 416
Secured Transactions 416
Highlighting the Point 418
Highlighting the Point 419
Laws Assisting Creditors 420
Highlighting the Point 422
Highlighting the Point 423
Real Case 423
Highlighting the Point 425
Chapter 32—Work Set 429
Chapter 33
Mortgages 431
Types of Mortgages 431
Highlighting the Point 432
Lender Protections 432
Borrower Protections 433
Foreclosures 434
Real Case 435
Highlighting the Point 436
Chapter 33—Work Set 439
Chapter 34
Bankruptcy 441
Types of Bankruptcy Relief 441
Highlighting the Point 443
Chapter 7—Liquidation 443
Chapter 11—Reorganization 446
Chapter 13—Adjustment 447
Real Case 447
Chapter 34—Work Set 451
Chapter 35
Insurance 453
Insurance Terminology and Concepts 453
The Insurance Contract 455
Highlighting the Point 456
Real Case 457
Highlighting the Point 457
Linking Business Law to Your Career:
Risk Management in Cyberspace 459
Chapter 35—Work Set 463
Unit 8
Property 465
Chapter 36
Personal Property 466
The Nature of Personal Property 466
Property Ownership—Rights of Possession 467
Acquiring Ownership of Personal Property 467
Mislaid, Lost, and Abandoned Property 469
Real Case 469
Highlighting the Point 470
Chapter 36—Work Set 475
Chapter 37
Bailments 477
The Elements of a Bailment 477
Highlighting the Point 478
The Rights of the Bailee 479
Highlighting the Point 480
The Duties of the Bailee 480
Real Case 481
Highlighting the Point 481
The Duties of the Bailor 482
Special Bailments 483
Chapter 37—Work Set 487
Chapter 38
Real Property 489
The Nature of Real Property 489
Ownership Interests 491
Highlighting the Point 491
Real Case 493
Highlighting the Point 493
Transfer of Ownership 493
Highlighting the Point 494
Chapter 38—Work Set 499
Chapter 39
Landlord and Tenant Law 501
Types of Tenancy 501
The Lease Agreement 502
Rights and Duties of Landlords and Tenants 503
Highlighting the Point 504
Real Case 505
Transferring Rights to Leased Property 505
Terminating the Lease 506
Highlighting the Point 506
Chapter 39—Work Set 509
Chapter 40
Wills and Trusts 511
Wills 511
Highlighting the Point 514
Intestacy Laws 516
Highlighting the Point 516
Trusts 517
Real Case 519
Chapter 40—Work Set 523
Unit 9
Special Topics 525
Chapter 41
Administrative Law 526
Agency Creation 526
The Administrative Process 527
Highlighting the Point 528
Controls on Agency Powers 530
Real Case 531
Public Accountability 532
Chapter 41—Work Set 537
Chapter 42
Antitrust Law 539
The Sherman Act 539
Highlighting the Point 540
Highlighting the Point 542
Real Case 543
Highlighting the Point 544
The Clayton Act 544
Enforcement of Antitrust Laws 545
U.S. Antitrust Laws in the
Global Context 546
Highlighting the Point 546
Chapter 42—Work Set 549
Chapter 43
International and Space Law 551
International Principles and Doctrines 551
Real Case 552
Doing Business Internationally 553
International Contract Provisions 554
Highlighting the Point 554
Regulation of International
Business Activities 555
Space Law 556
Chapter 43—Work Set 561
Appendix
A Answers to the Issue Spotters A–1
Glossary G–1
Table of Cases TC–1
Index I–1