Essentials of Business Law and the Legal Environment,
13th Edition

Part I: INTRODUCTION TO LAW AND ETHICS.
1. Introduction to Law.
2. Business Ethics.
Part II: THE LEGAL ENVIRONMENT OF BUSINESS.
3. Civil Dispute Resolution.
4. Constitutional Law.
5. Administrative Law.
6. Criminal Law.
7. Intentional Torts.
8. Negligence and Strict Liability.
Part III: CONTRACTS.
9. Introduction to Contracts.
10. Mutual Assent.
11. Conduct Invalidating Assent.
12. Consideration.
13. Illegal Bargains.
14. Contractual Capacity.
15. Contracts in Writing.
16. Third Parties to Contracts.
17. Performance, Breach, and Discharge.
18. Contract Remedies.
Part IV: SALES.
19. Introduction to Sales and Leases.
20. Performance.
21. Transfer of Title and Risk of Loss.
22. Product Liability: Warranties and Strict Liability.
23. Sales Remedies.
Part V: NEGOTIABLE INSTRUMENTS.
24. Form and Content.
25. Transfer and Holder in Due Course.
26. Liability of Parties.
27. Bank Deposits, Collections, and Funds Transfers.
Part VI: AGENCY.
28. Relationship of Principal and Agent.
29. Relationship with Third Parties.
Part VII: BUSINESS ASSOCIATIONS.
30. Formation and Internal Relations of General Partnerships.
31. Operation and Dissolution of General Partnerships.
32. Limited Partnerships and Limited Liability Companies.
33. Nature and Formation of Corporations.
34. Financial Structure of Corporations.
35. Management Structure of Corporations.
36. Fundamental Changes of Corporations.
Part VIII: DEBTOR AND CREDITOR RELATIONS.
37. Secured Transactions and Suretyship.
38. Bankruptcy.
Part IX: REGULATION OF BUSINESS.
39. Securities Regulation.
40. Intellectual Property.
41. Employment Law.
42. Antitrust.
43. Accountants’ Legal Liability.
44. Consumer Protection.
45. Environmental Law.
46. International Business Law.
Part X: PROPERTY.
47. Introduction to Property, Property Insurance, Bailments, and Documents of Title.
48. Interests in Real Property.
49. Transfer and Control of Real Property.
50. Trusts and Wills.
Appendix A: The Constitution of the United States of America.
Appendix B: Uniform Commercial Code (Selected Provisions).
Appendix C: Dictionary of Legal Terms.

• Richard A. Mann

  Richard A. Mann, J.D., received a B.S. in mathematics from the University of North Carolina at Chapel Hill and a J.D. from Yale Law School. He is professor emeritus of business law at the Kenan-Flagler Business School, University of North Carolina at Chapel Hill, and is past president of the Southeastern Regional Business Law Association. Professor Mann is a member of Who's Who in America, Who's Who in American Law and the North Carolina Bar (inactive). He has written extensively, covering a number of legal topics, including bankruptcy, sales, secured transactions, real property, insurance law and business associations. Professor Mann has received the American Business Law Journal's award both for the best article and for the best comment and has served as a reviewer and staff editor for the publication. In addition to SMITH & ROBERSON'S BUSINESS LAW, he has coauthored BUSINESS LAW AND THE REGULATION OF BUSINESS, ESSENTIALS OF BUSINESS LAW AND THE LEGAL ENVIRONMENT and CONTEMPORARY BUSINESS LAW.

• Barry S. Roberts

  Barry S. Roberts, J.D., LL.M., received a B.S. in business administration from Pennsylvania State University, a J.D. from the University of Pennsylvania and an LL.M. from Harvard Law School. He served as a judicial clerk for the Pennsylvania Supreme Court prior to practicing law in Pittsburgh. Professor Roberts is professor emeritus of business law at the Kenan-Flagler Business School, University of North Carolina at Chapel Hill, and he is a member of Who's Who in American Law and the North Carolina and Pennsylvania Bars (inactive). He has written numerous articles on such topics as antitrust, products liability, constitutional law, banking law, employment law and business associations. Professor Roberts has been a reviewer and staff editor for the American Business Law Journal. In addition to SMITH & ROBERSON'S BUSINESS LAW, he has coauthored BUSINESS LAW AND THE REGULATION OF BUSINESS, ESSENTIALS OF BUSINESS LAW AND THE LEGAL ENVIRONMENT and CONTEMPORARY BUSINESS LAW.

• RELEVANT, CURRENT CASES ILLUSTRATE KEY PRINCIPLES OF BUSINESS LAW. Carefully selected, interesting cases demonstrate how professionals apply business laws in the United States. Approximately half of the chapters in this edition now offer one or more new cases.

• UPDATED COVERAGE ADDRESSES THE LATEST DEVELOPMENTS. Students examine the new Restatement (Third) of Torts: Liability for Economic Harm; the 2016 RMBCA; the U.S. Securities and Exchange Commission’s new Regulation A+, Regulation Crowdfunding, and intrastate exemptions as well as the 2017 amendments to Rules 147 and 504; the new Defend Trades Secrets Act of 2016 and the 2016 amendments to the Economic Espionage Act; and the 2016 amendments to the Toxic Substances Control Act.

• NEW QUESTIONS AND CASE PROBLEMS PROVIDE ADDITIONAL PRACTICE. Most chapters in this edition include additional, new end-of-chapter questions and/or case problems.

• INSIGHTFUL ILLUSTRATIONS CLARIFY CONCEPTS More than 220 classroom-tested figures, diagrams, charts, tables, and chapter summaries help students conceptualize the many abstract concepts in the law. Concept Reviews not only summarize prior discussions but also help illustrate relationships among legal rules. Each chapter ends with an annotated outline of the entire chapter that summarizes concepts, including key terms.

• "APPLYING THE LAW" FEATURE HELPS STUDENTS EFFECTIVELY APPLY LEGAL REASONING TO CASES AND LEGAL ISSUES. Students learn to use the Issue, Rule, Application and Conclusion (IRAC) method. They sharpen their skills as each feature depicts a realistic situation that focuses on a single chapter’s concept. This practical "Applying the Law" feature appears in 14 chapters.

• ETHICS COVERAGE HIGHLIGHTS HOW ETHICS APPLIES TO BUSINESS. A series of Business Ethics case studies require students to make value trade-offs common in professional business. "Ethical Dilemma" features in most chapters present a managerial situation involving ethical issues. Questions explore the ethical dimensions of each situation. Ethics questions also follow many cases and encourage students to consider the ethical dimensions of the case or legal issues invoked by the facts.

• CRITICAL-THINKING ACTIVITIES STRENGTHEN STUDENTS' ANALYTICAL SKILLS. Critical-Thinking Questions follow every case to guide students in examining legal policies or reasoning surrounding a court’s decision. End-of-chapter Questions, Case Problems, and "Taking Sides" challenge students to apply chapter concepts to realistic hypothetical and case-based situations. Corresponding answers in the Instructor Manual make it easier to clarify supporting concepts.

• PRACTICAL ADVICE EMPHASIZE THE RELEVANCE AND IMPORTANCE OF CONCEPTS. Each chapter contains practical advice statements that illustrate how to apply legal concepts to common business situations.

• "BUSINESS LAW IN ACTION" ILLUSTRATES HOW TO APPLY LEGAL CONCEPTS TO COMMON BUSINESS SITUATIONS. Numerous chapters feature "Business Law in Action" scenarios with meaningful insights into how managers currently apply the law in typical workplace situations.

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