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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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    • 8Introduction to Contract Law

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      • 8.1General Perspectives on Contracts

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      • 8.2Sources of Contract Law

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      • 8.3Basic Taxonomy of Contracts

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      • 8.4Cases

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      • 8.5Summary and Exercises

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    • 9The Agreement

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      • 9.1The Agreement in General

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      • 9.2The Offer

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      • 9.3The Acceptance

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      • 9.4Cases

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      • 9.5Summary and Exercises

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    • 10Free Will, Knowledge, and Capacity  (Real Assent)

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      • 10.1Duress and Undue Influence

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      • 10.2Misrepresentation

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      • 10.3Mistake

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      • 10.4Capacity

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      • 10.5Cases

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      • 10.6Summary and Exercises

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    • 11Consideration

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      • 11.1General Perspectives on Consideration

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      • 11.2Legal Sufficiency

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      • 11.3Promises Enforceable without Consideration

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      • 11.4Cases

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      • 11.5Summary and Exercises

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    • 12Legality

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      • 12.1General Perspectives on Illegality

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      • 12.2Agreements in Violation of Statute

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      • 12.3Bargains Made Illegal by Common Law

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      • 12.4Effect of Illegality and Exceptions

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      • 12.5Cases

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      • 12.6Summary and Exercises

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    • 13Form and Meaning

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      • 13.1The Statute of Frauds

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      • 13.2The Parol Evidence Rule

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      • 13.3Interpretation of Agreements: Practicalities versus Legalities

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      • 13.4Cases

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      • 13.5Summary and Exercises

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    • 14Third-Party Rights

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      • 14.1Assignment of Contract Rights

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      • 14.2Delegation of Duties

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      • 14.3Third-Party Beneficiaries

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      • 14.4Cases

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      • 14.5Summary and Exercises

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    • 15Discharge of Obligations

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      • 15.1Discharge of Contract Duties

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      • 15.2Cases

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      • 15.3Summary and Exercises

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    • 16Remedies

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      • 16.1Theory of Contract Remedies

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      • 16.2Promisee’s Interests Protected by Contract

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      • 16.3Legal Remedies: Damages

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      • 16.4Equitable Remedies

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      • 16.5Limitations on Contract Remedies

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      • 16.6Cases

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      • 16.7Summary and Exercises

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    • 17Introduction to Sales and Leases

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      • 17.1Commercial Transactions: the Uniform Commercial Code

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      • 17.2Introduction to Sales and Lease Law, and the Convention on Contracts for the International Sale of Goods

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      • 17.3Sales Law Compared with Common-Law Contracts and the CISG

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      • 17.4General Obligations under UCC Article 2

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      • 17.5Cases

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      • 17.6Summary and Exercises

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    • 18Title and Risk of Loss

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      • 18.1Transfer of Title

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      • 18.2Title from Nonowners

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      • 18.3Risk of Loss

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      • 18.4Cases

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      • 18.5Summary and Exercises

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    • 19Performance and Remedies

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      • 19.1Performance by the Seller

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      • 19.2Performance by Buyer

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      • 19.3Remedies

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      • 19.4Excuses for Nonperformance

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      • 19.5Cases

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      • 19.6Summary and Exercises

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    • 20Products Liability

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      • 20.1Introduction: Why Products-Liability Law Is Important

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      • 20.2Warranties

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      • 20.3Negligence

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      • 20.4Strict Liability in Tort

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      • 20.5Tort Reform

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      • 20.6Cases

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      • 20.7Summary and Exercises

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    • 21Bailments and the Storage, Shipment, and Leasing of Goods

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      • 21.1Introduction to Bailment Law

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      • 21.2Liability of the Parties to a Bailment

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      • 21.3The Storage and Shipping of Goods

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      • 21.4Negotiation and Transfer of Documents of Title (or Commodity Paper)

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      • 21.5Cases

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      • 21.6Summary and Exercises

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    • 22Nature and Form of Commercial Paper

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      • 22.1Introduction to Commercial Paper

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      • 22.2Scope of Article 3 and Types of Commercial Paper and Parties

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      • 22.3Requirements for Negotiability

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      • 22.4Cases

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      • 22.5Summary and Exercises

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    • 23Negotiation of Commercial Paper

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      • 23.1Transfer and Negotiation of Commercial Paper

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      • 23.2Indorsements

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      • 23.3Problems and Issues in Negotiation

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      • 23.4Cases

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      • 23.5Summary and Exercises

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    • 24Holder in Due Course and Defenses

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      • 24.1Holder in Due Course

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      • 24.2Defenses and Role in Consumer Transactions

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      • 24.3Cases

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      • 24.4Summary and Exercises

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    • 25Liability and Discharge

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      • 25.1Liability Imposed by Signature: Agents, Authorized and Unauthorized

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      • 25.2Contract Liability of Parties

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      • 25.3Warranty Liability of Parties

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      • 25.4Discharge

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      • 25.5Cases

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      • 25.6Summary and Exercises

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    • 26Legal Aspects of Banking

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      • 26.1Banks and Their Customers

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      • 26.2Electronic Funds Transfers

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      • 26.3Wholesale Transactions and Letters of Credit

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      • 26.4Cases

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      • 26.5Summary and Exercises

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    • 27Consumer Credit Transactions

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      • 27.1Entering into a Credit Transaction

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      • 27.2Consumer Credit Protection Laws and Debt Collection Practices

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      • 27.3Cases

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      • 27.4Summary and Exercises

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    • 28Secured Transactions and Suretyship

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      • 28.1Introduction to Secured Transactions

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      • 28.2Priorities

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      • 28.3Rights of Creditor on Default and Disposition after Repossession

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      • 28.4Suretyship

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      • 28.5Cases

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      • 28.6Summary and Exercises

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    • 29Mortgages and Nonconsensual Liens

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      • 29.1Uses, History, and Creation of Mortgages

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      • 29.2Priority, Termination of the Mortgage, and Other Methods of Using Real Estate as Security

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      • 29.3Nonconsensual Lien

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      • 29.4Cases

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      • 29.5Summary and Exercises

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    • 30Bankruptcy

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      • 30.1Introduction to Bankruptcy and Overview of the 2005 Bankruptcy Act

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      • 30.2Case Administration; Creditors’ Claims; Debtors’ Exemptions and Dischargeable Debts; Debtor’s Estate

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      • 30.3Chapter 7 Liquidation

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    • 31Introduction to Property: Personal Property and Fixtures

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    • 32Intellectual Property  

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    • 33The Nature and Regulation of Real Estate and the Environment

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    • 34The Transfer of Real Estate by Sale

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    • 38Relationships between Principal and Agent

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    • 39Liability of Principal and Agent; Termination of Agency

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    • 44Legal Aspects of Corporate Finance

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    • 45Corporate Powers and Management

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      • 46.1The Nature of Securities Regulation

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    • 47Corporate Expansion, State and Federal Regulation of Foreign Corporations, and Corporate Dissolution

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    • 48Antitrust Law

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    • 49Unfair Trade Practices, the Federal Trade Commission, and Consumer Protection Laws

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      • 51.1Introduction to International Law

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    • 52Liability and Regulation of Accountants

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