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Law For Business

ISBN: 9780324261066 | 0324261063
Edition: 15th
Format: Hardcover
Publisher: Cengage Learning
Pub. Date: 7/23/2004

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SummaryTable of Contents
The basic business law concepts are covered without extensive theory, thus making the law more approachable. The substantial breadth of this text, laden with examples and cases, provides an effective introduction to a variety of legal topics.
This book is a practical approach to law that emphasizes current and relevant topics for business transactions. The basic business law concepts are covered without the excessive theory that often makes the law seem incomprehensible. The substantial breath of this text, laden w... MORE
Prefaceix
Part 1: The Legal System and the Legal Environment of Business
1(48)
Introduction to Law
2(9)
... MORE
Objectives of Law
3(1)
Roots of Our Legal System
3(1)
The Common Law
3(1)
Equity
4(1)
Sources of Law
4(2)
Civil Versus Criminal Law
6(2)
Tort Law
8(1)
Ethics
8(2)
Questions
10(1)
Internet Resources for Business Law
10(1)
Courts and Court Procedure
11(11)
Function of the Courts
11(1)
Jurisdiction of Courts
12(1)
Classification of Courts
13(4)
Court Officers
17(1)
Procedure in Courts of Record
18(1)
Procedure in Small Claims Court
19(1)
Questions
20(1)
Internet Resources for Business Law
21(1)
Business Torts and Crimes
22(17)
Torts
22(2)
Interference with a Contract or Economic Advantage
24(4)
Crimes
28(1)
Types of Business Crimes
28(7)
Questions
35(1)
Case Problems
35(3)
Internet Resources for Business Law
38(1)
Government Regulation of Business
39(10)
Purpose of Regulation
40(1)
Administrative Agencies
40(2)
Antitrust
42(2)
Environmental Protection
44(2)
Questions
46(1)
Internet Resources for Business Law
47(2)
Ethics in Practice
47(2)
Part 2: Contracts
49(100)
Nature and Classes of Contracts
50(9)
Requirements for a Contract
51(1)
Contracts Contrasted with Agreements
51(1)
Classification of Contracts
52(4)
Questions
56(1)
Case Problems
57(1)
Internet Resources for Business Law
58(1)
Offer and Acceptance
59(10)
Requirements of a Valid Offer
60(1)
Invitations to Make Offers
61(2)
Duration of the Offer
63(1)
The Acceptance
64(1)
Counteroffers
65(1)
Inquiries Not Constituting Rejection
66(1)
Manner of Acceptance
66(1)
Questions
67(1)
Case Problems
67(1)
Internet Resources for Business Law
68(1)
Capacity to Contract
69(10)
Minors
70(4)
Mentally Incompetent Persons
74(1)
Intoxicated Persons
74(1)
Convicts
75(1)
Questions
76(1)
Case Problems
76(2)
Internet Resources for Business Law
78(1)
Consideration
79(9)
Nature of Consideration
79(1)
Adequacy of Consideration
80(4)
Exceptions to Requirement of Consideration
84(1)
Questions
85(1)
Case Problems
86(1)
Internet Resources for Business Law
87(1)
Defective Agreements
88(14)
Mistakes
88(1)
Mistakes that Invalidate Contracts
89(2)
Mistakes that Do Not Invalidate Contracts
91(2)
Fraud
93(2)
Duress
95(2)
Undue Influence
97(1)
Remedies for Breach of Contract Because of Fraud, Duress, or Undue Influence
97(1)
Questions
98(1)
Case Problems
98(3)
Internet Resources for Business Law
101(1)
Illegal Agreements
102(11)
Contracts Prohibited by Statute
103(5)
Contracts Contrary to Public Policy
108(1)
Questions
109(1)
Case Problems
110(2)
Internet Resources for Business Law
112(1)
Written Contracts
113(10)
Reasons for Written Contracts
113(1)
Statute of Frauds
114(4)
Note or Memorandum
118(1)
Other Written Contracts
118(1)
Parol Evidence Rule
119(1)
Questions
119(1)
Case Problems
120(2)
Internet Resources for Business Law
122(1)
Third Parties and Contracts
123(10)
Involving a Third Party
123(4)
Technicalities of an Assignment
127(2)
Joint, Several and Joint and Several Contracts
129(2)
Questions
131(1)
Case Problems
131(1)
Internet Resources for Business Law
132(1)
Termination of Contracts
133(16)
Methods by Which Contracts Are Terminated
133(6)
Remedies for Breach of Contract
139(3)
Malpractice
142(1)
Questions
142(1)
Case Problems
143(2)
Internet Resources for Business Law
145(4)
Ethics in Practice
145(1)
Summary Cases
146(3)
Part 3: Personal Property
149(32)
Nature of Personal Property
150(13)
Personal Property
150(2)
Methods of Acquiring Personal Property
152(3)
Bailments
155(1)
The Bailment Agreement
155(1)
Delivery and Acceptance
156(1)
Return of the Bailed Property
156(1)
Types of Bailments
157(2)
Conversion of Bailed Property by the Bailee
159(1)
Questions
159(1)
Case Problems
160(2)
Internet Resources for Business Law
162(1)
Special Bailments
163(18)
Carriers
163(1)
Liability of Common Carriers of Goods
164(8)
Hotelkeepers
172(2)
Questions
174(1)
Case Problems
175(2)
Internet Resources for Business Law
177(4)
Ethics in Practice
177(1)
Summary Cases
178(3)
Part 4: Sales
181(56)
Sales of Personal Property
182(9)
Property Subject to Sale
183(1)
Sales and Contracts to Sell
183(1)
Sales of Goods and Contracts for Services
184(1)
Price
184(1)
Existing Goods
185(1)
Future Goods
186(1)
Bill of Sale
186(1)
Illegal Sales
187(1)
International Sales Contracts
188(1)
Questions
188(1)
Case Problems
188(2)
Internet Resources for Business Law
190(1)
Formalities of a Sale
191(8)
Multiple Purchases and the Statute of Frauds
192(1)
When Proof of Oral Contract Is Permitted
192(3)
Nature of the Writing Required
195(1)
Questions
196(1)
Case Problems
196(2)
Internet Resources for Business Law
198(1)
Transfer of Title and Risk in Sales Contracts
199(14)
Potential Problems in Sales Transactions
200(1)
Classification of Sales Transactions
200(1)
Ownership, Insurable Interests, and Risk of Loss in Particular Transactions
201(3)
Damage to or Destruction of Goods
204(2)
Sales on Approval and with Right to Return
206(1)
Special Rules on Transfer of Title
207(3)
Questions
210(1)
Case Problems
210(2)
Internet Resources for Business Law
212(1)
Warranties, Product Liability, and Consumer Protection
213(24)
Express Warranties
214(1)
Implied Warranties
215(1)
Full or Limited Warranties
215(1)
Warranties of All Sellers
215(3)
Additional Warranties of Merchant
218(1)
Warranties in Particular Sales
219(1)
Exclusion and Surrender of Warranties
220(2)
Product Liability
222(2)
Identity of Parties
224(1)
Nature and Cause of Harm
225(1)
Consumer Protection
225(6)
Questions
231(1)
Case Problems
231(3)
Internet Resources for Business Law
234(3)
Ethics in Practice
234(1)
Summary Cases
235(2)
Part 5: Negotiable Instruments
237(70)
Nature of Negotiable Instruments
238(11)
History and Development
238(1)
Negotiation
239(1)
Order Paper and Bearer Paper
239(1)
Classification of Commercial Paper
240(1)
Parties to Negotiable Instruments
240(3)
Negotiation and Assignment
243(1)
Credit and Collection
244(1)
Electronic Fund Transfers
244(2)
Questions
246(1)
Case Problems
246(2)
Internet Resources for Business Law
248(1)
Essentials of Negotiability
249(9)
Requirements
249(5)
Issue and Delivery
254(1)
Delivery of an Incomplete Instrument
254(1)
Date and Place
255(1)
Questions
256(1)
Case Problems
256(1)
Internet Resources for Business Law
257(1)
Promissory Notes and Drafts
258(14)
Notes
259(2)
Drafts
261(2)
Checks
263(6)
Questions
269(1)
Case Problems
269(2)
Internet Resources for Business Law
271(1)
Negotiation and Discharge
272(9)
Place of Indorsement
273(1)
Multiple Payees
274(1)
Kinds of Indorsements
275(2)
Liability of Indorser
277(1)
Obligation of Negotiator of Bearer Paper
277(1)
Discharge of the Obligation
278(1)
Questions
278(1)
Case Problems
279(1)
Internet Resources for Business Law
280(1)
Liabilities of Parties and Holders in Due Course
281(15)
Liability for the Face of the Paper
282(5)
Liability for Warranties
287(1)
Holders in Due Course
288(2)
Holder Through a Holder in Due Course
290(1)
Holders of Consumer Paper
290(2)
Questions
292(1)
Case Problems
292(3)
Internet Resources for Business Law
295(1)
Defenses
296(11)
Classification of Defenses
297(4)
Miscellaneous Matters
301(1)
Questions
302(1)
Case Problems
302(1)
Internet Resources for Business Law
303(4)
Ethics in Practice
303(1)
Summary Cases
304(3)
Part 6: Agency and Employment
307(66)
Nature and Creation of an Agency
308(12)
Importance of Agency
309(1)
What Powers May Be Delegated to an Agent?
309(1)
Who May Appoint an Agent?
309(1)
Who May Act as an Agent?
310(1)
Classification of Agents
310(1)
Additional Types of Agents
311(1)
Extent of Authority
312(1)
Creation of an Agency
313(2)
Other Employment Relationships
315(1)
Questions
316(1)
Case Problems
316(3)
Internet Resources for Business Law
319(1)
Operation and Termination of an Agency
320(11)
Agent's Duties to Principal
321(2)
Principal's Duties to Agent
323(1)
Agent's Liabilities to Third Parties
324(1)
Principal's Duties and Liabilities to Third Parties
325(1)
Termination of an Agency by Acts of the Parties
325(2)
Termination by Operation of Law
327(1)
Notice of Termination
328(1)
Questions
328(1)
Case Problems
329(1)
Internet Resources for Business Law
330(1)
Employer and Employee Relations
331(12)
Creation of Employer and Employee Relationship
332(1)
Duties and Liabilities of the Employer
333(1)
Common-Law Defenses of the Employer
334(1)
Statutory Modification of Common Law
335(1)
Liabilities of the Employer to Third Parties
336(1)
Employee's Duties to the Employer
337(1)
Federal Social Security Act
338(2)
Questions
340(1)
Case Problems
340(2)
Internet Resources for Business Law
342(1)
Employees' Rights
343(16)
Discrimination
344(6)
Testing
350(2)
Protections
352(2)
Other Sources of Rights
354(1)
Questions
354(1)
Case Problems
355(3)
Internet Resources for Business Law
358(1)
Labor Legislation
359(14)
The Fair Labor Standards Act
360(1)
The National Labor Relations Act and the Labor Management Relations Act
361(3)
The Labor-Management Reporting and Disclosure Act
364(2)
Questions
366(1)
Case Problems
366(2)
Internet Resources for Business Law
368(5)
Ethics in Practice
368(1)
Summary Cases
369(4)
Part 7: Business Organization
373(72)
Introduction to Business Organization
374(12)
Sole Proprietorship
374(3)
Partnership
377(4)
Corporations
381(2)
Questions
383(1)
Case Problems
383(2)
Internet Resources for Business Law
385(1)
Creation and Operation of a Partnership
386(13)
Partnership Agreements
386(2)
Partnership Firm Name
388(1)
Partner's Interest in Partnership Property
389(1)
Duties of Partners
389(2)
Rights of Partners
391(2)
Liabilities of Partners
393(1)
Nature of Partnership Liabilities
394(1)
Authority of a Partner
395(1)
Sharing of Profits and Losses
396(1)
Questions
396(1)
Case Problems
396(2)
Internet Resources for Business Law
398(1)
Dissolution of a Partnership
399(10)
Dissolution by Acts of the Parties
400(1)
Dissolution by Court Decree
401(1)
Dissolution by Operation of Law
402(2)
Effects of Dissolution
404(1)
Notice of Dissolution
404(1)
Distribution of Assets
405(1)
Questions
405(1)
Case Problems
405(3)
Internet Resources for Business Law
408(1)
Nature of a Corporation
409(9)
Classification by Purpose
409(2)
Classification by State of Incorporation
411(1)
Formation of a Corporation
411(1)
Liability on Promoter's Contracts and Expenses
412(1)
Issuance of Stock
412(1)
Articles of Incorporation
413(1)
Powers of a Corporation
413(2)
Ultra Vires Contracts
415(1)
Questions
415(1)
Case Problems
416(1)
Internet Resources for Business Law
417(1)
Ownership of a Corporation
418(11)
Ownership
419(1)
Stock Certificate
419(1)
Classes of Stock
419(2)
Kinds of Stock
421(2)
Transfer of Stock
423(1)
Stock Options
423(1)
Dividends
423(1)
Laws Regulating Stock Sales
424(2)
Questions
426(1)
Case Problems
427(1)
Internet Resources for Business Law
428(1)
Management and Dissolution of a Corporation
429(16)
Stockholders' Meetings
430(4)
Rights of Stockholders
434(1)
Directors
434(1)
Officers
435(1)
Liabilities of Directors and Officers
436(2)
Corporate Combinations
438(1)
Dissolution
438(1)
Questions
439(1)
Case Problems
439(2)
Internet Resources for Business Law
441(4)
Ethics in Practice
441(1)
Summary Cases
442(3)
Part 8: Risk-Bearing Devices
445(50)
Principles of Insurance
446(10)
Terms Used in Insurance
447(1)
Types of Insurance Companies
448(1)
Who May Be Insured
449(1)
Some Legal Aspects of the Insurance Contract
450(3)
Questions
453(1)
Case Problems
453(2)
Internet Resources for Business Law
455(1)
Types of Insurance
456(15)
Life Insurance
456(4)
Property Insurance
460(2)
Description of the Property
462(1)
Coinsurance
462(1)
Repairs and Replacements
463(1)
Defense and Notice of Lawsuits
463(1)
Automobile Insurance
464(4)
Questions
468(1)
Case Problems
469(1)
Internet Resources for Business Law
470(1)
Security Devices
471(11)
Guaranty and Suretyship
471(5)
Secured Credit Sales
476(2)
Effect of Default
478(1)
Questions
479(1)
Case Problems
480(1)
Internet Resources for Business Law
481(1)
Bankruptcy
482(13)
Who Can File a Petition of Bankruptcy?
483(1)
Kinds of Debtors
483(1)
Procedure in a Liquidation Case
484(1)
Exempt Property
484(1)
Included Property
485(1)
Duties of the Debtor
485(1)
Proof of Claims
485(1)
Reclamations
485(1)
Types of Claims
486(1)
Priority of Claims
486(1)
Discharge of Indebtedness
487(1)
Debts Not Discharged
487(1)
Nonliquidation Plans
487(1)
Questions
488(1)
Case Problems
489(2)
Internet Resources for Business Law
491(4)
Ethics in Practice
491(1)
Summary Cases
492(3)
Part 9: Real Property
495(66)
Nature of Real Property
496(11)
Distinguishing Real Property
496(2)
Multiple Ownership
498(3)
Estates in Property
501(1)
Other Interests in Real Property
502(1)
Acquiring Real Property
502(2)
Questions
504(1)
Case Problems
504(2)
Internet Resources for Business Law
506(1)
Transfer of Real Property
507(9)
Deeds
507(3)
Provisions in a Deed
510(2)
Delivery
512(1)
Recording
512(1)
Abstract of Title
513(1)
Title Insurance
513(1)
Questions
513(1)
Case Problems
514(1)
Internet Resources for Business Law
515(1)
Real Estate Mortgages
516(12)
The Mortgage Contract
517(1)
Recording
517(2)
Duties of the Mortgagor
519(1)
Rights of the Mortgagor
520(2)
Foreclosure
522(1)
Assignment of the Mortgage
523(1)
Deed of Trust
523(1)
Mortgage Insurance
524(1)
Questions
524(1)
Case Problems
525(2)
Internet Resources for Business Law
527(1)
Landlord and Tenant
528(14)
The Lease
529(1)
Types of Tenancies
529(4)
Rights of the Tenant
533(1)
Duties of the Tenant
534(1)
Rights of the Landlord
535(1)
Duties of the Landlord
536(1)
Termination of the Lease
537(2)
Improvements
539(1)
Discrimination
539(1)
Questions
539(1)
Case Problems
540(1)
Internet Resources for Business Law
541(1)
Wills, Inheritances, and Trusts
542(19)
Limitations on Disposition of Property
543(1)
Terms Common to Wills
544(1)
Distinguishing Characteristics of a Will
544(1)
Formalities
544(1)
Special Types of Wills
545(1)
The Wording of a Will
546(1)
Revocation
546(1)
Codicils
547(1)
Abatement and Ademption
548(1)
Probate of a Will
549(1)
When Administration is Unnecessary
550(1)
Title by Descent
550(1)
Per Capita and Per Stirpes Distribution
550(1)
Administrators
551(1)
Trusts
552(3)
Questions
555(1)
Case Problems
556(2)
Internet Resources for Business Law
558(3)
Ethics in Practice
558(1)
Summary Cases
559(2)
Glossary561(12)
Index573

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