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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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    • 3Introduction to Tort Law

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      • 3.1Purpose of Tort Laws

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      • 3.2Intentional Torts

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      • 3.3Negligence

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      • 3.4Strict Liability

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      • 3.5Cases

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      • 3.6Summary and Exercises

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    • 4Introduction to Contract Law

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      • 4.1General Perspectives on Contracts

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      • 4.2Sources of Contract Law

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      • 4.3Basic Taxonomy of Contracts

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      • 4.4Cases

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      • 4.5Summary and Exercises

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    • 5The Agreement

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      • 5.1The Agreement in General

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      • 5.2The Offer

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      • 5.3The Acceptance

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      • 5.4Cases

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      • 5.5Summary and Exercises

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    • 6Real Assent

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      • 6.1Duress and Undue Influence

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      • 6.2Misrepresentation

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      • 6.3Mistake

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      • 6.4Capacity

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      • 6.5Cases

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      • 6.6Summary and Exercises

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    • 7Consideration

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      • 7.1General Perspectives on Consideration

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      • 7.2Legal Sufficiency

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      • 7.3Promises Enforceable without Consideration

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      • 7.4Cases

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      • 7.5Summary and Exercises

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    • 8Legality

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      • 8.1General Perspectives on Illegality

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      • 8.2Agreements in Violation of Statute

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      • 8.3Bargains Made Illegal by Common Law

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      • 8.4Effect of Illegality and Exceptions

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      • 8.5Cases

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      • 8.6Summary and Exercises

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    • 9Form and Meaning

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      • 9.1The Statute of Frauds

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      • 9.2The Parol Evidence Rule

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      • 9.3Interpretation of Agreements: Practicalities versus Legalities

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      • 9.4Cases

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      • 9.5Summary and Exercises

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    • 10Third-Party Rights

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      • 10.1Assignment of Contract Rights

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      • 10.2Delegation of Duties

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      • 10.3Third-Party Beneficiaries

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      • 10.4Cases

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      • 10.5Summary and Exercises

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    • 11Discharge of Obligations

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      • 11.1Discharge of Contract Duties

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      • 11.2Cases

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      • 11.3Summary and Exercises

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    • 12Remedies

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      • 12.1Theory of Contract Remedies

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      • 12.2Promisee’s Interests Protected by Contract

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      • 12.3Legal Remedies: Damages

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      • 12.4Equitable Remedies

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      • 12.5Limitations on Contract Remedies

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      • 12.6Cases

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      • 12.7Summary and Exercises

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    • 13Introduction to Sales and Leases

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      • 13.1Commercial Transactions: the Uniform Commercial Code

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      • 13.2Introduction to Sales and Lease Law, and the Convention on Contracts for the International Sale of Goods

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      • 13.3Sales Law Compared with Common-Law Contracts and the CISG

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      • 13.4General Obligations under UCC Article 2

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      • 13.5Cases

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      • 13.6Summary and Exercises

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    • 14Title and Risk of Loss

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      • 14.1Transfer of Title

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      • 14.2Title from Nonowners

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      • 14.3Risk of Loss

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      • 14.4Cases

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      • 14.5Summary and Exercises

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    • 15Performance and Remedies

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      • 15.1Performance by the Seller

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      • 15.2Performance by Buyer

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      • 15.3Remedies

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      • 15.4Excuses for Nonperformance

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      • 15.5Cases

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      • 15.6Summary and Exercises

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    • 16Nature and Form of Commercial Paper

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      • 16.1Introduction to Commercial Paper

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      • 16.2Scope of Article 3 and Types of Commercial Paper and Parties

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      • 16.3Requirements for Negotiability

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      • 16.4Cases

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      • 16.5Summary and Exercises

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    • 17Negotiation of Commercial Paper

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      • 17.1Transfer and Negotiation of Commercial Paper

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      • 17.2Indorsements

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      • 17.3Problems and Issues in Negotiation

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      • 17.4Cases

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      • 17.5Summary and Exercises

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    • 18Holder in Due Course and Defenses

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      • 18.1Holder in Due Course

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      • 18.2Defenses and Role in Consumer Transactions

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      • 18.3Cases

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      • 18.4Summary and Exercises

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    • 19Liability and Discharge

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      • 19.1Liability Imposed by Signature: Agents, Authorized and Unauthorized

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      • 19.2Contract Liability of Parties

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      • 19.3Warranty Liability of Parties

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      • 19.4Discharge

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      • 19.5Cases

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      • 19.6Summary and Exercises

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    • 20Consumer Credit Transactions

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      • 20.1Entering into a Credit Transaction

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      • 20.2Consumer Protection Laws and Debt Collection Practices

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      • 20.3Cases

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      • 20.4Summary and Exercises

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    • 21Secured Transactions and Suretyship

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      • 21.1Introduction to Secured Transactions

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      • 21.2Priorities

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      • 21.3Rights of Creditor on Default and Disposition after Repossession

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      • 21.4Suretyship

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      • 21.5Cases

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      • 21.6Summary and Exercises

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    • 22Mortgages and Nonconsensual Liens

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      • 22.1Uses, History, and Creation of Mortgages

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      • 22.2Priority, Termination of the Mortgage, and Other Methods of Using Real Estate as Security

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      • 22.3Nonconsensual Lien

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      • 22.4Cases

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      • 22.5Summary and Exercises

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    • 23Bankruptcy

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      • 23.1Introduction to Bankruptcy and Overview of the 2005 Bankruptcy Act

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      • 23.2Case Administration; Creditors’ Claims; Debtors’ Exemptions and Dischargeable Debts; Debtor’s Estate

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      • 23.3Chapter 7 Liquidation

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      • 23.4Chapter 11 and Chapter 13 Bankruptcies

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      • 23.5Alternatives to Bankruptcy

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      • 23.6Cases

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      • 23.7Summary and Exercises

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    • 24Intellectual Property

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      • 24.1Patents

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      • 24.2Trade Secrets

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      • 24.3Copyright

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      • 24.4Trademarks

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      • 24.5Cases

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      • 24.6Summary and Exercises

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    • 25Relationships between Principal and Agent

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      • 25.1Introduction to Agency and the Types of Agents

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      • 25.2Duties between Agent and Principal

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      • 25.3Cases

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      • 25.4Summary and Exercises

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    • 26Liability of Principal and Agent; Termination of Agency

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      • 26.1Principal’s Contract Liability

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      • 26.2Principal’s Tort and Criminal Liability

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      • 26.3Agent’s Personal Liability for Torts and Contracts; Termination of Agency

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      • 26.4Cases

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      • 26.5Summary and Exercises

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    • 27Partnerships: General Characteristics and Formation

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      • 27.1Introduction to Partnerships and Entity Theory

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      • 27.2Partnership Formation

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      • 27.3Cases

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      • 27.4Summary and Exercises

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    • 28Partnership Operation and Termination

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      • 28.1Operation: Relations among Partners

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      • 28.2Operation: The Partnership and Third Parties

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      • 28.3Dissolution and Winding Up

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      • 28.4Cases

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      • 28.5Summary and Exercises

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    • 29Hybrid Business Forms

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      • 29.1Limited Partnerships

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      • 29.2Limited Liability Companies

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      • 29.3Other Forms

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      • 29.4Cases

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      • 29.5Summary and Exercises

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    • 30Corporation: General Characteristics and Formation

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      • 30.1Historical Background

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      • 30.2Partnerships versus Corporations

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      • 30.3The Corporate Veil: The Corporation as a Legal Entity

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      • 30.4Classifications of Corporations

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      • 30.5Corporate Organization

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      • 30.6Effect of Organization

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      • 30.7Cases

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      • 30.8Summary and Exercises

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    • 31Legal Aspects of Corporate Finance

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      • 31.1General Sources of Corporate Funds

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      • 31.2Bonds

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      • 31.3Types of Stock

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      • 31.4Initial Public Offerings and Consideration for Stock

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      • 31.5Dividends

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      • 31.6The Winds of Change

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      • 31.7Cases

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      • 31.8Summary and Exercises

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    • 32Corporate Powers and Management

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      • 32.1Powers of a Corporation

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      • 32.2Rights of Shareholders

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      • 32.3Duties and Powers of Directors and Officers

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      • 32.4Liability of Directors and Officers

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      • 32.5Cases

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      • 32.6Summary and Exercises

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    • 33Securities Regulation

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      • 33.1The Nature of Securities Regulation

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      • 33.2Liability under Securities Law

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    • 34Corporate Expansion, State and Federal Regulation of Foreign Corporations, and Corporate Dissolution

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      • 34.1Corporate Expansion

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      • 34.4Cases

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    • 35Antitrust Law

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      • 35.1History and Basic Framework of Antitrust Laws in the United States

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      • 35.2Horizontal Restraints of Trade

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      • 35.4Price Discrimination: The Robinson-Patman Act

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      • 35.5Exemptions

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      • 35.6Sherman Act, Section 2: Concentrations of Market Power

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      • 35.7Acquisitions and Mergers under Section 7 of the Clayton Act

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    • 36Unfair Trade Practices and the Federal Trade Commission

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      • 36.1The Federal Trade Commission: Powers and Law Governing Deceptive Acts

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      • 36.2Deceptive Acts and Practices

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      • 36.4Remedies

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      • 36.5Cases

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      • 36.6Summary and Exercises

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    • 37Employment Law

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      • 37.1Federal Employment Discrimination Laws

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      • 37.4Cases

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    • 38Labor-Management Relations

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      • 38.1A Brief History of Labor Legislation

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      • 38.2The National Labor Relations Board: Organization and Functions

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      • 38.3Labor and Management Rights under the Federal Labor Laws

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      • 38.4Case

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      • 38.5Summary and Exercises

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