Solutions Manual included Ch 1 to 43
Business Law,
Text & Exercises
10th Edition by
Roger LeRoy Miller
** Immediate Download
** Swift Response
** All Chapters included
, Solution and Answer Guide: Miller, BLTE 10e, 9780357717417; Chapter 01: Introduction to the Law
Solution and Answer Guide
Miller, BLTE 10e, 9780357717417; Chapter 01: Introduction to the Law
Table of Contents
Answers to Straight to the Point ..................................................................................................... 1
Answers to Issue Spotters ............................................................................................................... 2
Answers to Real Law ......................................................................................................................... 2
Answers to Ethical Questions .......................................................................................................... 4
Answers to Work Set ........................................................................................................................ 5
True-False Questions .................................................................................................................................... 5
Multiple-Choice Questions ........................................................................................................................... 6
Answering More Legal Problems.................................................................................................................. 8
Answers to Straight to the Point
1A. Why is knowledge of business law essential for any businessperson?
Solution
Knowledge of the laws and regulations governing business is essential to the making of good
business decisions. Determining the best course of action in a given situation requires evaluating
how the law might apply.
2A. What is the common law?
Solution
The common law is a body of law developed from court decisions. These decisions reflect the
customs and traditions within the jurisdiction of the courts.
3A. When and why does a court apply the decision of another court to determine the result in a
case?
Solution
In a common law system, court decisions, and the principles behind them, are applied to resolve
similar disputes in a consistent way. This is the doctrine of precedent, or stare decisis.
4A. What are some of the remedies that a party can obtain from a court to make a wrong situation
right?
Solution
The normal remedy at law is the payment of money, or damages. If money is not enough to make a
situation right, a party might be ordered to do specifically what he or she promised. Or a contract
might be cancelled, and the contracting parties returned to the positions they held before the deal.
1
, Solution and Answer Guide: Miller, BLTE 10e, 9780357717417; Chapter 01: Introduction to the Law
5A. Which aspects of a business’s operation do the rules, orders, and decisions of administrative
agencies affect?
Solution
The rules, orders, and decisions of administrative agencies affect almost every aspect of a business’s
operation. These include a business’s capital structure and financing, hiring and firing procedures,
relations with employees and unions, and making and selling of products.
Answers to Issue Spotters
1A. Under what circumstances might a judge rely on case law to determine the intent and purpose
of a statute?
Solution
Case law includes courts’ interpretations of statutes, constitutional provisions, and administrative
rules. Statutes often codify common law rules. For these reasons, a judge might rely on the common
law as a guide to the intent and purpose of a statute.
2A. The First Amendment provides protection for the free exercise of religion. A state legislature
enacts a law that outlaws all religions that do not derive from the Judeo-Christian tradition. Is this
law valid within that state? Why or why not?
Solution
No. The U.S. Constitution is the supreme law of the land and applies to all jurisdictions. A law in
violation of the Constitution (in this question, the First Amendment to the Constitution) will be
declared unconstitutional.
Answers to Real Law
1-1A. Stare Decisis. A patent is an exclusive right granted to the creator of an invention. Under U.S.
law, a patent owner possesses that right for twenty years. The owner can allow another party to
make and market a product based on the invention in exchange for a payment of royalties on the
sales. According to the United States Supreme Court in a case known as the Brulotte decision, a
contract to pay royalties after a patent has expired is unenforceable. Stephen Kimble owned the
patent to a toy glove that could shoot foam intended to look like the web of Marvel Comics’ Spider-
Man. Kimble agreed to allow Marvel Entertainment, LLC, to sell its version of the toy. Marvel agreed
to pay Kimble a royalty of 3 percent on the sales. Their contract did not specify an end date. After
the patent expired, Marvel sued to stop the payments. What is the doctrine of stare decisis? What are
the arguments for and against applying it in this case? Discuss. [Kimble v. Marvel Entertainment, LLC,
135 S.Ct. 2401, 192 L.Ed.2d 463 (2015)]
Solution
The doctrine of stare decisis is the practice of deciding cases with reference to previous decisions.
This is an important principle of our judicial system. Under this doctrine, courts are obligated to
follow the precedents established within their jurisdictions. A precedent is a decision that stands as
2
Business Law,
Text & Exercises
10th Edition by
Roger LeRoy Miller
** Immediate Download
** Swift Response
** All Chapters included
, Solution and Answer Guide: Miller, BLTE 10e, 9780357717417; Chapter 01: Introduction to the Law
Solution and Answer Guide
Miller, BLTE 10e, 9780357717417; Chapter 01: Introduction to the Law
Table of Contents
Answers to Straight to the Point ..................................................................................................... 1
Answers to Issue Spotters ............................................................................................................... 2
Answers to Real Law ......................................................................................................................... 2
Answers to Ethical Questions .......................................................................................................... 4
Answers to Work Set ........................................................................................................................ 5
True-False Questions .................................................................................................................................... 5
Multiple-Choice Questions ........................................................................................................................... 6
Answering More Legal Problems.................................................................................................................. 8
Answers to Straight to the Point
1A. Why is knowledge of business law essential for any businessperson?
Solution
Knowledge of the laws and regulations governing business is essential to the making of good
business decisions. Determining the best course of action in a given situation requires evaluating
how the law might apply.
2A. What is the common law?
Solution
The common law is a body of law developed from court decisions. These decisions reflect the
customs and traditions within the jurisdiction of the courts.
3A. When and why does a court apply the decision of another court to determine the result in a
case?
Solution
In a common law system, court decisions, and the principles behind them, are applied to resolve
similar disputes in a consistent way. This is the doctrine of precedent, or stare decisis.
4A. What are some of the remedies that a party can obtain from a court to make a wrong situation
right?
Solution
The normal remedy at law is the payment of money, or damages. If money is not enough to make a
situation right, a party might be ordered to do specifically what he or she promised. Or a contract
might be cancelled, and the contracting parties returned to the positions they held before the deal.
1
, Solution and Answer Guide: Miller, BLTE 10e, 9780357717417; Chapter 01: Introduction to the Law
5A. Which aspects of a business’s operation do the rules, orders, and decisions of administrative
agencies affect?
Solution
The rules, orders, and decisions of administrative agencies affect almost every aspect of a business’s
operation. These include a business’s capital structure and financing, hiring and firing procedures,
relations with employees and unions, and making and selling of products.
Answers to Issue Spotters
1A. Under what circumstances might a judge rely on case law to determine the intent and purpose
of a statute?
Solution
Case law includes courts’ interpretations of statutes, constitutional provisions, and administrative
rules. Statutes often codify common law rules. For these reasons, a judge might rely on the common
law as a guide to the intent and purpose of a statute.
2A. The First Amendment provides protection for the free exercise of religion. A state legislature
enacts a law that outlaws all religions that do not derive from the Judeo-Christian tradition. Is this
law valid within that state? Why or why not?
Solution
No. The U.S. Constitution is the supreme law of the land and applies to all jurisdictions. A law in
violation of the Constitution (in this question, the First Amendment to the Constitution) will be
declared unconstitutional.
Answers to Real Law
1-1A. Stare Decisis. A patent is an exclusive right granted to the creator of an invention. Under U.S.
law, a patent owner possesses that right for twenty years. The owner can allow another party to
make and market a product based on the invention in exchange for a payment of royalties on the
sales. According to the United States Supreme Court in a case known as the Brulotte decision, a
contract to pay royalties after a patent has expired is unenforceable. Stephen Kimble owned the
patent to a toy glove that could shoot foam intended to look like the web of Marvel Comics’ Spider-
Man. Kimble agreed to allow Marvel Entertainment, LLC, to sell its version of the toy. Marvel agreed
to pay Kimble a royalty of 3 percent on the sales. Their contract did not specify an end date. After
the patent expired, Marvel sued to stop the payments. What is the doctrine of stare decisis? What are
the arguments for and against applying it in this case? Discuss. [Kimble v. Marvel Entertainment, LLC,
135 S.Ct. 2401, 192 L.Ed.2d 463 (2015)]
Solution
The doctrine of stare decisis is the practice of deciding cases with reference to previous decisions.
This is an important principle of our judicial system. Under this doctrine, courts are obligated to
follow the precedents established within their jurisdictions. A precedent is a decision that stands as
2
