Dynamic Business Law
6th Edition
By Nancy Kubasek
Complete Chapter Solutions Manual
are included (Ch 1 to 52)
** Immediate Download
** Swift Response
** All Chapters included
** Hypothesis Cases
,Chapter 01 - An Introduction to Dynamic Business Law
Chapter 1 - An Introduction to Dynamic Business Law
CHAPTER OVERVIEW
Chapter One lays the foundation for the textbook. Make sure you look on the publisher’s web site for
information about how business law intersects with the six functional areas of business. The authors
encourage students to “connect to the core,” and remember the ways in which law intersects with other
areas of study, including corporate management, production and transportation, marketing, research and
development, accounting and finance, and human resource management.
This manual supports the “connecting to the core” theme by giving ideas for assignments that encourage
students to integrate their business law knowledge with knowledge they are acquiring from their other
business classes. The manual also encourages professors to improve their teaching skills. Finally, the
manual suggests teaching ideas for both beginning and experienced teachers.
LEARNING OBJECTIVES
After reading this chapter, students will be able to:
1-1 Define business law.
1-2 Relate the functional areas of business to the relevant areas of business
law
1-3 Recall the purposes of law.
1-4 Distinguish among types of law.
1-5 Differentiate between sources of the law.
1-6 Identify the various schools of jurisprudence.
LECTURE NOTES WITH DEFINITIONS
In the news… Teaching tip: For each chapter, consider asking students to relate current
news items to material from the chapter.
1-1 Define business Business law consists of the enforceable rules of conduct that govern
law. commercial relationships.
1-2 Relate the Business law applies to the six functional areas of business:
functional areas of • Corporate management
business to the • Production and transportation
relevant areas of • Marketing
business law. • Research and development
• Accounting and finance
• Human resource management
1-3 Recall the • Providing order
purposes of law. • Serving as an alternative to fighting
• Facilitating a sense that change is possible
• Encouraging social justice
• Guaranteeing personal freedoms
• Serving as a moral guide
Dynamic Business Law, 6e 1-1
, Chapter 01 – An Introduction to Dynamic Business Law
1-4 Distinguish among One way to classify law:
types of law. Private law involves disputes between private individuals or groups.
Public law involves disputes between private individuals or groups and their
government.
A second way to classify law:
Civil law involves the rights and responsibilities involved in relationships
between persons and between persons and their government.
Criminal law involves incidents in which someone commits an act against
the public as a unit.
Teaching tip: Ask students to give an example of a fact situation that led to
both criminal and civil lawsuits, e.g., the O.J. Simpson trials.
1-5 Differentiate Sources of business law are:
between sources of the 1. Constitutions
law. Constitutional law refers to the general limits and powers of governments as
stated in their written constitutions.
2. Statutes or legislative actions
3. Cases
Case law (or common law) is the collection of legal interpretations made by
judges.
Stare decisis means courts are relying on precedent.
Teaching tip: The first time your students encounter an appellate case in the
readings, show them what stare decisis looks like in the context of a real case.
4. Administrative law
Administrative law is the collection of rules and decisions made by
administrative agencies.
5. Treaties
A treaty is a binding agreement between two states or international
organizations.
6. Executive orders
An executive order is a directive that comes from the president or state
governor.
1-6 Identify the Schools of jurisprudence are common guides to legal interpretation.
various schools of • Natural law—certain ethical laws and principles are morally right
jurisprudence. and “above” the laws devised by humans.
• Legal Positivism—assumes the legitimate political authority
deserves our obedience when it issues a rule.
• Identification with the Vulnerable—emphasis on fairness and
looking out for those with the least power.
• Historical School/Tradition—emphasis on the use of stare decisis.
• Legal Realism—judges consider social and economic conditions.
• Cost-benefit Analysis—make calculations to maximize the ratio of
benefits to costs.
Teaching tip: Consider using “The Case of the Speluncean Explorers (link
1-2 Instructor’s Resource Manual
6th Edition
By Nancy Kubasek
Complete Chapter Solutions Manual
are included (Ch 1 to 52)
** Immediate Download
** Swift Response
** All Chapters included
** Hypothesis Cases
,Chapter 01 - An Introduction to Dynamic Business Law
Chapter 1 - An Introduction to Dynamic Business Law
CHAPTER OVERVIEW
Chapter One lays the foundation for the textbook. Make sure you look on the publisher’s web site for
information about how business law intersects with the six functional areas of business. The authors
encourage students to “connect to the core,” and remember the ways in which law intersects with other
areas of study, including corporate management, production and transportation, marketing, research and
development, accounting and finance, and human resource management.
This manual supports the “connecting to the core” theme by giving ideas for assignments that encourage
students to integrate their business law knowledge with knowledge they are acquiring from their other
business classes. The manual also encourages professors to improve their teaching skills. Finally, the
manual suggests teaching ideas for both beginning and experienced teachers.
LEARNING OBJECTIVES
After reading this chapter, students will be able to:
1-1 Define business law.
1-2 Relate the functional areas of business to the relevant areas of business
law
1-3 Recall the purposes of law.
1-4 Distinguish among types of law.
1-5 Differentiate between sources of the law.
1-6 Identify the various schools of jurisprudence.
LECTURE NOTES WITH DEFINITIONS
In the news… Teaching tip: For each chapter, consider asking students to relate current
news items to material from the chapter.
1-1 Define business Business law consists of the enforceable rules of conduct that govern
law. commercial relationships.
1-2 Relate the Business law applies to the six functional areas of business:
functional areas of • Corporate management
business to the • Production and transportation
relevant areas of • Marketing
business law. • Research and development
• Accounting and finance
• Human resource management
1-3 Recall the • Providing order
purposes of law. • Serving as an alternative to fighting
• Facilitating a sense that change is possible
• Encouraging social justice
• Guaranteeing personal freedoms
• Serving as a moral guide
Dynamic Business Law, 6e 1-1
, Chapter 01 – An Introduction to Dynamic Business Law
1-4 Distinguish among One way to classify law:
types of law. Private law involves disputes between private individuals or groups.
Public law involves disputes between private individuals or groups and their
government.
A second way to classify law:
Civil law involves the rights and responsibilities involved in relationships
between persons and between persons and their government.
Criminal law involves incidents in which someone commits an act against
the public as a unit.
Teaching tip: Ask students to give an example of a fact situation that led to
both criminal and civil lawsuits, e.g., the O.J. Simpson trials.
1-5 Differentiate Sources of business law are:
between sources of the 1. Constitutions
law. Constitutional law refers to the general limits and powers of governments as
stated in their written constitutions.
2. Statutes or legislative actions
3. Cases
Case law (or common law) is the collection of legal interpretations made by
judges.
Stare decisis means courts are relying on precedent.
Teaching tip: The first time your students encounter an appellate case in the
readings, show them what stare decisis looks like in the context of a real case.
4. Administrative law
Administrative law is the collection of rules and decisions made by
administrative agencies.
5. Treaties
A treaty is a binding agreement between two states or international
organizations.
6. Executive orders
An executive order is a directive that comes from the president or state
governor.
1-6 Identify the Schools of jurisprudence are common guides to legal interpretation.
various schools of • Natural law—certain ethical laws and principles are morally right
jurisprudence. and “above” the laws devised by humans.
• Legal Positivism—assumes the legitimate political authority
deserves our obedience when it issues a rule.
• Identification with the Vulnerable—emphasis on fairness and
looking out for those with the least power.
• Historical School/Tradition—emphasis on the use of stare decisis.
• Legal Realism—judges consider social and economic conditions.
• Cost-benefit Analysis—make calculations to maximize the ratio of
benefits to costs.
Teaching tip: Consider using “The Case of the Speluncean Explorers (link
1-2 Instructor’s Resource Manual
