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Table of Contents

    • About the Authors
    • Acknowledgments
    • Preface
    • 1Introduction to Law and Legal Systems
      • 1.1What Is Law?
      • 1.2Schools of Legal Thought
      • 1.3Basic Concepts and Categories of US Positive Law
      • 1.4Sources of Law and Their Priority
      • 1.5Legal and Political Systems of the World
      • 1.6A Sample Case
      • 1.7Summary and Exercises
    • 2Corporate Social Responsibility and Business Ethics

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      • 2.1What Is Ethics?

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      • 2.2Major Ethical Perspectives

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      • 2.3An Ethical Decision Model

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      • 2.4Corporations and Corporate Governance

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      • 2.5Summary and Exercises

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    • 3Courts and the Legal Process

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      • 3.1The Relationship between State and Federal Court Systems in the United States

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      • 3.2The Problem of Jurisdiction

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      • 3.3Motions and Discovery

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      • 3.4The Pretrial and Trial Phase

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      • 3.5Judgment, Appeal, and Execution

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      • 3.6When Can Someone Bring a Lawsuit?

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      • 3.7Relations with Lawyers

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      • 3.8Alternative Means of Resolving Disputes

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      • 3.9Cases

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    • 4Constitutional Law and US Commerce

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      • 4.1Basic Aspects of the US Constitution

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      • 4.2The Commerce Clause

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      • 4.3Dormant Commerce Clause

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      • 4.4Preemption: The Supremacy Clause

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      • 4.5Business and the Bill of Rights

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      • 4.6Cases

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      • 4.7Summary and Exercises

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    • 5Administrative Law

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      • 5.1Administrative Agencies: Their Structure and Powers

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      • 5.2Controlling Administrative Agencies

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      • 5.3The Administrative Procedure Act

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      • 5.4Administrative Burdens on Business Operations

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      • 5.5The Scope of Judicial Review

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      • 5.6Cases

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      • 5.7Summary and Exercises

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    • 6Criminal Law

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      • 6.1The Nature of Criminal Law

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      • 6.2Types of Crimes

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      • 6.3The Nature of a Criminal Act

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      • 6.4Responsibility

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      • 6.5Procedure

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      • 6.6Constitutional Rights of the Accused

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      • 6.7Cases

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      • 6.8Summary and Exercises

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    • 7Introduction to Tort Law

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      • 7.1Purpose of Tort Laws

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      • 7.2Intentional Torts

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      • 7.3Negligence

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      • 7.4Strict Liability

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      • 7.5Cases

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      • 7.6Summary and Exercises

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    • 8Contracts

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      • 8.1General Perspectives on Contracts

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      • 8.2Contract Formation

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      • 8.3Remedies

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      • 8.4Cases

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      • 8.5Summary and Exercises

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    • 9Relationships between Principal and Agent

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      • 9.1Introduction to Agency and the Types of Agents

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      • 9.2Duties between Agent and Principal

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      • 9.3Cases

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      • 9.4Summary and Exercises

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    • 10Liability of Principal and Agent; Termination of Agency

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      • 10.1Principal’s Contract Liability

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      • 10.2Principal’s Tort and Criminal Liability

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      • 10.3Agent’s Personal Liability for Torts and Contracts; Termination of Agency

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      • 10.4Cases

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      • 10.5Summary and Exercises

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    • 11Partnerships: General Characteristics and Formation

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      • 11.1Introduction to Partnerships and Entity Theory

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      • 11.2Partnership Formation

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      • 11.3Cases

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      • 11.4Summary and Exercises

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    • 12Partnership Operation and Termination

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      • 12.1Operation: Relations among Partners

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      • 12.2Operation: The Partnership and Third Parties

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      • 12.3Dissolution and Winding Up

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      • 12.4Cases

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      • 12.5Summary and Exercises

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    • 13Hybrid Business Forms

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      • 13.1Limited Partnerships

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      • 13.2Limited Liability Companies

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      • 13.3Other Forms

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      • 13.4Cases

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      • 13.5Summary and Exercises

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    • 14Corporation: General Characteristics and Formation

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      • 14.1Historical Background

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      • 14.2Partnerships versus Corporations

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      • 14.3The Corporate Veil: The Corporation as a Legal Entity

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      • 14.4Classifications of Corporations

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      • 14.5Corporate Organization

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      • 14.6Effect of Organization

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      • 14.7Cases

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      • 14.8Summary and Exercises

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    • 15Legal Aspects of Corporate Finance

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      • 15.1General Sources of Corporate Funds

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      • 15.2Bonds

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      • 15.3Types of Stock

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      • 15.4Initial Public Offerings and Consideration for Stock

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      • 15.5Dividends

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      • 15.6The Winds of Change

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      • 15.7Cases

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      • 15.8Summary and Exercises

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    • 16Corporate Powers and Management

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      • 16.1Powers of a Corporation

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      • 16.2Rights of Shareholders

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      • 16.3Duties and Powers of Directors and Officers

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      • 16.4Liability of Directors and Officers

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      • 16.5Cases

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      • 16.6Summary and Exercises

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    • 17Securities Regulation

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      • 17.1The Nature of Securities Regulation

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      • 17.2Liability under Securities Law

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      • 17.3Cases

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      • 17.4Summary and Exercises

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    • 18Corporate Expansion, State and Federal Regulation of Foreign Corporations, and Corporate Dissolution

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      • 18.1Corporate Expansion

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      • 18.2Foreign Corporations

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      • 18.3Dissolution

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      • 18.4Cases

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      • 18.5Summary and Exercises

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    • 19Nature and Form of Commercial Paper

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      • 19.1Introduction to Commercial Paper

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      • 19.2Scope of Article 3 and Types of Commercial Paper and Parties

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      • 19.3Requirements for Negotiability

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      • 19.4Cases

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      • 19.5Summary and Exercises

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    • 20Negotiation of Commercial Paper

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      • 20.1Transfer and Negotiation of Commercial Paper

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      • 20.2Indorsements

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      • 20.3Problems and Issues in Negotiation

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      • 20.4Cases

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      • 20.5Summary and Exercises

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    • 21Holder in Due Course and Defenses

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      • 21.1Holder in Due Course

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      • 21.2Defenses and Role in Consumer Transactions

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      • 21.3Cases

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      • 21.4Summary and Exercises

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    • 22Liability and Discharge

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      • 22.1Liability Imposed by Signature: Agents, Authorized and Unauthorized

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      • 22.2Contract Liability of Parties

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      • 22.3Warranty Liability of Parties

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      • 22.4Discharge

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      • 22.5Cases

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      • 22.6Summary and Exercises

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    • 23Legal Aspects of Banking

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      • 23.1Banks and Their Customers

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      • 23.2Electronic Funds Transfers

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      • 23.3Wholesale Transactions and Letters of Credit

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      • 23.4Cases

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      • 23.5Summary and Exercises

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    • 24Consumer Credit Transactions

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      • 24.1Entering into a Credit Transaction

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      • 24.2Consumer Protection Laws and Debt Collection Practices

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      • 24.3Cases

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      • 24.4Summary and Exercises

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    • 25Secured Transactions and Suretyship

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      • 25.1Introduction to Secured Transactions

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      • 25.2Priorities

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      • 25.3Rights of Creditor on Default and Disposition after Repossession

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      • 25.4Suretyship

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      • 25.5Cases

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      • 25.6Summary and Exercises

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    • 26Mortgages and Nonconsensual Liens

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      • 26.1Uses, History, and Creation of Mortgages

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      • 26.2Priority, Termination of the Mortgage, and Other Methods of Using Real Estate as Security

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      • 26.3Nonconsensual Lien

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      • 26.4Cases

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      • 26.5Summary and Exercises

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    • 27Bankruptcy

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      • 27.1Introduction to Bankruptcy and Overview of the 2005 Bankruptcy Act

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      • 27.2Case Administration; Creditors’ Claims; Debtors’ Exemptions and Dischargeable Debts; Debtor’s Estate

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      • 27.3Chapter 7 Liquidation

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      • 27.4Chapter 11 and Chapter 13 Bankruptcies

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      • 27.5Alternatives to Bankruptcy

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      • 27.6Cases

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      • 27.7Summary and Exercises

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