Solution manual for dynamic business law the essentials 6th edition by nancy kubasek (2)
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Dynamic Business Law, 6th Edition
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Dynamic Business Law, 6th Edition
Solution manual for dynamic business law the essentials 6th edition by nancy kubasek (2)Solution manual for dynamic business law the essentials 6th edition by nancy kubasek (2)Solution manual for dynamic business law the essentials 6th edition by nancy kubasek (2)Solution manual for dynamic busines...
,Chapter1- An Introduction to Dynamic Business Law
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CHAPTER OVERVIEW ll
Chapter One lays the foundation for the textbook. Make sure you look on the
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publisher‘s web site for information about how business law intersects with the six functional
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areas of business. The authors encourage students to ―connect to the core,‖ and remember the
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ways in which law intersects with other areas of study, including corporate management,
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production and transportation, marketing, research and
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finance, and human resource management.
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This manual supports the ―connecting to the core‖ theme by giving ideas for assignments
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that encourage students to integrate their business law knowledge with knowledge
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they are acquiring from their other business classes. The manual also encourages
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professors to improve their teaching skills. Finally, the manual suggests teaching ideas for both
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beginning and experienced teachers.
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LEARNING OBJECTIVES ll
After reading this chapter, students will be able to:
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1-1 Define business law. l ll
1-2 Relate the functional areas of business to the relevant areas of business
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law1- 3 Recall the purposes of law.
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1-4 Distinguish among types of law. ll ll ll ll
1-5 Differentiate between sources of the law. ll ll ll ll ll
1-6 Identify the various schools of jurisprudence. ll ll ll ll ll
LECTURE NOTES WITH DEFINITIONS ll ll ll
In the news…
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items to material from the chapter.
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In addition to ideas students come up with on their own, consider
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weaving in news stories provided by the McGraw Hill.
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For Chapter One, McGraw Hill offers the following stories:
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―Smoking Ban: Tobacco Tyrants: Gone Too Far? Many States Are Putting ll ll ll ll ll ll ll ll ll ll
Stronger Restrictions on Where You Can Smoke‖
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Have states gone too far in banning smoking? ll ll ll ll l ll ll
, Whose interests are state legislatures looking out for l l l l l l l l l l l l l l
in banning smoking?
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―CollegeOfficerDealingsWithLenders Scrutinized.‖ l l l l ll
Should regulators take a more careful look at college officers? ll ll ll ll ll ll ll ll ll
Why created changes in the ways college officers interact with ll ll ll ll ll ll ll ll ll
1-1 Define l l lenders?
Business law consists of the enforceable rules of conduct
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business law.
l l ll that govern commercial relationships.
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1-2 Relate the
ll ll Business law applies to the six functional areas of business:
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functional areas
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Corporate management ll
of business to
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Production and transportation
the relevant
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Marketing
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areas of
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business law.
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Research and development ll ll
Accounting and finance ll ll
Human resource management ll ll
1-3 Recall the
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purposes of
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law.
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Facilitating a sense that change is possible ll ll ll ll ll ll
Encouraging social justice ll ll
Guaranteeing personal freedoms ll ll
Serving as a moral guide ll ll ll ll
1-4 Distinguish
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among types of
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Private law involves disputes between private individuals or groups.
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law.
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Public law involves disputes between private individuals or groups
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and their government.
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A second way to classify law:
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Civil law involves the rights and responsibilities involved in
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relationshipsbetween persons and between persons and their government.
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Criminal law involves incidents in which someone commits an act
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against the public as a unit.
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Teaching tip: Ask students to give an example of a fact situation
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that led to both criminal and civil lawsuits, e.g., the O.J. Simpson trials.
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1-5 Differentiate
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between sources
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1. Constitutions
of the law.
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Constitutional law refers to the general limits and powers of ll ll ll ll ll ll ll ll ll
governments as stated in their written constitutions.
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2. Statutes or legislative actions ll ll ll
3. Cases
Case law (or common law) is the collection of legal interpretations
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made by judges.
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Stare decisis means courts are relying on precedent.
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Teaching tip: The first time your students encounter an appellate case
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in the
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, readings, show them what stare decisis looks like in the context of a real case.
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4. Administrative law l
Administrative law is the collection of rules and l l l l l l l l l l l l l l
decisions made by administrative agencies.
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5. Treaties
A treaty is a binding agreement between two states
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or international organizations.
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6. Executive orders
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An executive order is a directive that comes from the president or
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stategovernor.
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1-6 Identify the
ll ll Schools of jurisprudence are common guides to legal interpretation.
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various schools
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Natural law—certain ethical laws and principles are morally right ll ll ll ll ll ll ll ll
of
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and ll
jurisprudence.
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―above‖thelaws devisedbyhumans. l l l l l
Legal Positivism—assumes the legitimate political authority l l l l l l l l l l
deserves our obedience when it issues a rule.
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Identification with the Vulnerable—emphasis on fairness and ll ll ll ll ll ll
looking out for those with the least power.
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Historical School/Tradition—emphasis on the use of stare decisis. ll ll ll ll ll ll ll
Legal Realism—judges consider social and economic conditions. ll ll ll ll ll ll
Cost-benefit Analysis—make calculations to maximize the ll ll ll ll ll
ratio of benefits to costs.
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Teaching tip: Consider using ―The Case of the Speluncean
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Global and ll AtExplorers
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this point
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make the schools
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of jurisprudence come have
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Comparative
ll awareness that globalization has affected the scope of business
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Law
l law. Consequently, we highlight the definitions to the following key
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terms that will come up later in the book:
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Trade, i.e. the exchange of goods or services, on a global ll ll l l l l ll l l ll l l ll ll
scale has ledto the creation of trade agreements that serve as
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de facto rules governingthe global business environment.
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Comparative law—the field of law that studies and compares ll l l ll ll ll ll l l ll
laws in different countries.
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Appendix on ll Critical thinking includes the application of evaluative standards
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Critical Thinking
ll l l to assess the quality or the reasoning being offered to support the
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and Business
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they read an argument:
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1. Find the facts. ll ll
2. Look for the issue. ll ll ll
3. Identify the judge‘s reasons and conclusion. ll ll ll ll ll
4. Locate in the decision the rules of law that govern the judge‘s reasoning.
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5. Apply critical thinking to the reasoning. Evaluate the reasoning.
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Look for potential ambiguity. ll ll ll
Consider the strength of analogies. ll ll ll ll
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