Business Law

Throughout its 80 years of existence, this book has been a leader and an innovator in the fi elds of business law and the legal environment of business. One reason for the book’s success is its clear and comprehensive treatment of the standard topics that form the traditional business law curriculum. Another reason is its responsiveness to changes in these traditional subjects and to new views about that curriculum. In 1976, this textbook was the fi rst to inject regulatory materials into a business law textbook, defi ning the “legal environment” approach to business law. Over the years, this textbook has also pioneered by introducing materials on business ethics, corporate social responsibility, global legal issues, and e-commerce law. The 16th Edition continues to emphasize change by integrating these four areas into its pedagogy

Part 1 Foundations of American LawThe Nature of Law

2 The Resolution of Private Disputes

3 Business and the Constitution

4 Business Ethics, Corporate Social Responsibility,Corporate Governance, and Critical Thinking

Part 2 Crimes and Torts

5 Criminal Law and Procedure

6 Intentional Torts

7 Negligence and Strict Liability

8 Intellectual Property and Unfair Competition

Part 3 Contracts

9 Introduction to Contracts

10 The Agreement: Offer

11 The Agreement: Acceptance

12 Consideration

13 Reality of Consent

14 Capacity to Contract

15 Illegality

16 Writing

17 Rights of Third Parties

18 Performance and Remedies

Part 4 Sales

19 Formation and Terms of Sales Contracts

20 Product Liability

21 Performance of Sales Contracts

22 Remedies for Breach of Sales Contracts

Part 5 Property

23 Personal Property and Bailments

24 Real Property

25 Landlord and Tenant

26 Estates and Trusts

27 Insurance Law

Part 6 Credit

28 Introduction to Credit and SecuredTransactions

29 Security Interests in Personal Property

30 Bankruptcy

Part 7 Commercial Paper

31 Negotiable Instruments

32 Negotiation and Holder in Due Course

33 Liability of Parties

34 Checks and Electronic Transfers

Part 8 Agency Law

35 The Agency Relationship

36 Third-Party Relations of the Principal and theAgent

Part 9 Partnerships

37 Introduction to Forms of Business andFormation of Partnerships

38 Operation of Partnerships andRelated Forms

39 Partners’ Dissociation and Partnerships’Dissolution and Winding Up

40 Limited Liability Companies, LimitedPartnerships, and Limited Liability LimitedPartnerships

Part 10 Corporations

41 History and Nature of Corporations

42 Organization and Financial Structure ofCorporations

43 Management of Corporations

44 Shareholders’ Rights and Liabilities

45 Securities Regulation

46 Legal and Professional Responsibilitiesof Auditors, Consultants, and SecuritiesProfessionals

Part 11 Regulation of Business

47 Administrative Law

48 The Federal Trade Commission Act andConsumer Protection Laws

49 Antitrust: The Sherman Act

50 The Clayton Act, the Robinson–Patman Act,and Antitrust Exemptions and Immunities

51 Employment Law

52 Environmental Regulation

Appendix AThe Constitution of the United Statesof America A-1

Appendix BUniform Commercial Code B-1

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Summary

Table of Contents

Supplemental Materials