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Dynamic Business Law, 6th Edition TEST BANK By Nancy Kubasek, ISBN: 9781260733976, All 52 Chapters Covered, Verified Latest Edition $15.99   Add to cart
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Dynamic Business Law, 6th Edition TEST BANK By Nancy Kubasek, ISBN: 9781260733976, All 52 Chapters Covered, Verified Latest Edition
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Dynamic Business Law, 6th Edition TEST BANK By Nancy Kubasek, ISBN: 9781260733976, All 52 Chapters Covered, Verified Latest Edition TEST BANK For Dynamic Business Law, 6th Edition By Nancy Kubasek, Verified Chapters 1 - 52, Complete Newest Version Dynamic Business Law, 6th Edition TEST BANK By Nanc...

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  • September 29, 2024
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Solution Manual
Dynamic Business Law, 6th Edition
By Nancy Kubasek l

,Chapter 1 - An Introduction to Dynamic Business Law
l l l l l l l l




CHAPTERlOVERVIEW
ChapterlOnellayslthelfoundationlforltheltextbook.lMakelsurelyoullooklonlthelpublisher‘slweblsitelforlinformationla
boutlhowlbusinessllawlintersectslwithlthelsixlfunctionallareasloflbusiness.lThelauthorslencouragelstudentsltol―con
nectltolthelcore,‖landlrememberlthelwayslinlwhichllawlintersectslwithlotherlareasloflstudy,lincludinglcorporatelmana
gement,lproductionlandltransportation,lmarketing,lresearchlandldevelopment,laccountinglandlfinance,landlhuman
lresourcelmanagement.



Thisl manuall supportsl thel ―connectingl tol thel core‖l themel byl givingl ideasl forl assignmentsl thatl encouragelstudentslt
olintegrateltheirlbusinessllawlknowledgelwithlknowledgeltheylarelacquiringlfromltheirlotherlbusinesslclasses.lThelm
anuallalsolencourageslprofessorsltolimproveltheirlteachinglskills.lFinally,lthelmanuallsuggestslteachinglideaslforlbot
hlbeginninglandlexperiencedlteachers.

LEARNINGlOBJECTIVES
Afterlreadinglthislchapter,lstudentslwilllbelablelto:

1-1 Definelbusinessllaw.
1-2 Relatelthelfunctionallareasloflbusinessltolthelrelevantlareasloflbusinessllawl1-
3lRecalllthelpurposeslofllaw.
1-4 Distinguishlamongltypeslofllaw.
1-5 Differentiatelbetweenlsourcesloflthellaw.
1-6 Identifylthelvariouslschoolslofljurisprudence.

LECTURElNOTESlWITHlDEFINITIONS
Inlthelnews… Teachingltip:lForleachlchapter,lconsiderlaskinglstudentsltolrelatelcurrentlnewslitemslt
olmateriallfromlthelchapter.

Inl additionl tol ideasl studentsl comel upl withl onl theirl own,l considerl weavingl inlnewslsto
rieslprovidedlbylthelMcGrawlHill.

ForlChapterlOne,lMcGrawlHilllofferslthelfollowinglstories:

―SmokinglBan:lTobaccolTyrants:lGonelToolFar?lManylStateslArelPuttinglStrongerlRe
strictionslonlWherelYoulCanlSmoke‖
 Havelstateslgoneltoolfarlinlbanninglsmoking?

,  Whosel interestsl arel statel legislaturesl lookingl outl forl inl banninglsmoking?

―CollegelOfficerlDealingslWithlLenderslScrutinized.‖
 Shouldlregulatorsltakelalmorelcarefulllooklatlcollegelofficers?
 Whylcreatedlchangeslinlthelwayslcollegelofficerslinteractlwithllenders?

1-1l Definel businessllaw. Businessl lawl consistsl ofl thel enforceablel rulesl ofl conductl thatl governlcommerciall
relationships.
1- Businessllawlappliesltolthelsixlfunctionallareasloflbusiness:
2lRelatelthelfunctio  Corporatelmanagement
nallareasloflbusinessl
tolthelrelevantlareasl  Productionlandltransportation
oflbusinessllaw.  Marketing
 Researchlandldevelopment
 Accountinglandlfinance
 Humanlresourcelmanagement
1-  Providinglorder
3lRecalllthelpurp  Servinglaslanlalternativeltolfighting
oseslofllaw.
 Facilitatinglalsenselthatlchangelislpossible
 Encouraginglsocialljustice
 Guaranteeinglpersonallfreedoms
 Servinglaslalmorallguide
1- One lwayltolclassifyllaw:

4lDistinguishlamonglt Privatellawlinvolvesldisputeslbetweenlprivatelindividualslorlgroups.
ypeslofllaw. Publicl lawl involvesl disputesl betweenl privatel individualsl orl groupsl andl theirlgovern
ment.

Alsecondlwayltolclassifyllaw:
Civilllawlinvolveslthelrightslandlresponsibilitieslinvolvedlinlrelationshipslbetweenlpers
onslandlbetweenlpersonslandltheirlgovernment.
Criminall lawl involvesl incidentslinl whichl someonel commitsl anl actl againstl thelpubliclas
lalunit.



Teachingl tip:l Askl studentsl tol givel anl examplel ofl al factl situationl thatl ledl tolbothlcri
minallandlcivilllawsuits,le.g.,lthelO.J.lSimpsonltrials.
1- Sourcesloflbusinessllawlare:
5lDifferentiatelbetw 1. Constitutions
eenlsourcesloflthella Constitutionall lawl refersl tol thel generall limitsl andl powersl ofl governmentsl aslstatedli
w. nltheirlwrittenlconstitutions.
2. Statuteslorllegislativelactions
3. Cases
Casel lawl (orl commonl law)l isl thel collectionl ofl legall interpretationsl madel byljudges.
Stareldecisislmeanslcourtslarelrelyinglonlprecedent.

Teachingl tip:l Thel firstl timel yourl studentsl encounterl anl appellatel casel inl the

, readings,lshowlthemlwhatlstareldecisisllooksllikelinlthelcontextloflalreallcase.

4. Administrativellaw
Administrativel lawl isl thel collectionl ofl rulesl andl decisionsl madel byladministrative
lagencies.

5. Treaties
Al treatyl isl al bindingl agreementl betweenl twol statesl orl internationallorganizations.
6.l Executivelorders
Anlexecutivelorderlislaldirectivelthatlcomeslfromlthelpresidentlorlstatelgovernor.


1- Schoolslofljurisprudencelarelcommonlguidesltollegallinterpretation.
6lIdentifylthelvario  Naturall law—certainl ethicall lawsl andl principlesl arel morallyl rightl and
uslschoolslofljurispr ―above‖lthellawsldevisedlbylhumans.
udence.
 Legall Positivism—
assumesl thel legitimatel politicall authorityl deserveslourlobediencelwhenlitlissu
eslalrule.
 IdentificationlwithlthelVulnerable—
emphasislonlfairnessl andllookingloutlforlthoselwithlthelleastlpower.
 HistoricallSchool/Tradition—emphasislonltheluseloflstareldecisis.
 LegallRealism—judgeslconsiderlsociallandleconomiclconditions.
 Cost-benefitlAnalysis—
makelcalculationsltolmaximizelthelratioloflbenefitsltolcosts.

Teachinglltip:llConsiderllusingll―ThellCasellofllthellSpelunceanllExplorersll(linklbelow)ltolm
akelthelschoolslofljurisprudencelcomelalive.
GloballandlCompa Atlthislpointlinltheltextbook,lstudentslshouldlmerelylhavelanlawarenesslthatlglobalizati
rativelLaw onlhaslaffectedlthelscopeloflbusinessllaw.lConsequently,l welhighlightltheldefinitionslt
olthelfollowinglkeyltermslthatlwilll comelupllaterlinlthelbook:

 Trade,l i.e.l thel exchangel ofl goodsl orl services,l onl al globall scalel hasl ledltolthelcr
eationlofltradelagreementslthatlservelasldelfactolruleslgoverninglthelgloballbusi
nesslenvironment.
 Comparativellaw—
thelfieldlofllawlthatlstudieslandlcomparesllawslinldifferentlcountries.

AppendixlonlCriticallT Criticallthinkinglincludeslthelapplicationloflevaluativelstandardsltolassesslthelqualitylorl
hinkinglandlBusiness thelreasoninglbeinglofferedltolsupportlthelconclusion.lCriticallthinkerslwilllfollowlthisl
patternloflcarefullthinkinglwhenltheylreadl anlargument:
1. Findlthelfacts.
2. Looklforlthelissue.
3. Identifyltheljudge‘slreasonslandlconclusion.
4. Locatelinltheldecisionlthelruleslofllawlthatlgovernltheljudge‘slreasoning.
5. Applylcriticallthinkingltolthelreasoning.lEvaluatelthelreasoning.
 Looklforlpotentiallambiguity.
 Considerlthelstrengthloflanalogies.

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