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Solution Manual for The Legal Environment of Business, A Managerial Approach Theory to Practice 2024 Release By Sean Melvin and F. E. Guerra-Pujol$17.49
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Solution Manual for
The Legal Environment of Business, A Managerial Approach Theory
to Practice 2024 Release By Sean Melvin and F. E. Guerra-Pujol
Chapter 1-25
Chapter 1: Legal Foundations
CHAPTER OVERVIEW
This introductory chapter begins with a very broad based view of the legal
landscape including a working definition of and purposes of the law, levels and
sources of law (e.g., federal statutory), an introduction to stare decisis, and
categories of law (e.g., criminal vs. civil). Equally important, this chapter sets the
tone for the entire textbook and course by discussing and provides illustrations of
how the law operates in a business context.
Teaching Tip: Clean the slate
Students frequently have certain notions and pre-conceptions about the law and
legal terms that were generated primarily (or exclusively) by television, Web
sites, blogs, and folklore. Ask students to set aside any notions they have about
what law is, how it operates, and the meaning of legal terms, so that they may
start the course with a clean slate.
KEY LEARNING OUTCOMES
Outcome Accreditation Categories
Understand the broad definition and origins of law. Knowledge
List and explain the purposes of the law. Knowledge and
Application;
Critical Thinking
Explain the importance and benefits of legal Application;
,awareness for business owners and managers when Critical Thinking
planning and implementing business decisions and
strategies.
Articulate the role of counsel in legal decision Knowledge
making in a business context.
Recognize, explain and give examples of sources Knowledge; Application
of American law.
Understand the legal doctrine of stare decisis. Knowledge; Application
Classify the law into several broad categories Knowledge; Application
Differentiate between the concepts of law and Knowledge; Application;
equity Critical Thinking
Identify and apply important equitable maxims Knowledge; Application
TEACHING OUTLINE
A. Introduction to Law
Points to emphasize:
Law is a body of rules of action or conduct prescribed by controlling
authority, and having legal binding force that create duties, obligations
and rights as well as a mechanism to resolve disputes arising from
those duties and rights.
Jurisprudence: The philosophy behind the law, including natural law
(moral values form the basis for all law), positivists (agreed-upon laws
enforced uniformly and strictly) and legal realism (law is a social
institution accounting for social and economic realities to promote
fairness).
Purposes of Law: (1) System of order that defines crimes and levies
punishment for violations; (2) system for resolving disputes by
providing a basis for deciding the legal interests and rights of the
parties; (3) creating reliability in business planning and commercial
, transactions by promoting good faith dealing among merchants and
consumers.
Language of the Law: Primarily a combination of Latin, early and
modern English, and French, a basic understanding of which is useful
to maximize the value of interaction between business managers and
attorneys.
B. Legal Decisions in a Business Environment: Theory to Practice
Points to emphasize:
Learning to apply legal awareness in practice involves recognizing
opportunities for proactive business planning, limiting liability,
gaining a competitive edge, and adding value to the business.
Legal Insight and Business Strategy: Reference to Table 1.1:
Expansion Options and Potential Legal Impacts
Role of Counsel: Managers often work closely with business
attorneys, resulting in business opportunities, reduced costs, and
limitation of risk and liability.
, C. Sources and Levels of American Law
Chalk Talk: Sources and Levels of Law
Covering sources and levels of law in tandem makes sense, but students often have
trouble understanding the interplay between the two. I use a diagram on the board and
fill in as I go along asking students for examples of each along the way.
Constitutional Statutory Admin Common
Federal First Amendment Patent Act OSHA ―gap filler‖
(political speech
by corporations)
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