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"Business Law Today: The Essentials" by Roger LeRoy Miller, 13th Edition, provides a comprehensive overview of key topics in business law. Below is a chapter-wise summary:
1. Legal and Constitutional Foundations of Business
o Explores the origins and structure of the U.S. legal system, including constitutional principles that influence business operations.
2. Courts and Alternative Dispute Resolution
o Discusses the court system's hierarchy and various methods of resolving disputes outside traditional court proceedings, such as mediation and arbitration.
3. Ethics in Business
o Examines ethical theories and their application in business decisions, highlighting the importance of corporate social responsibility.
4. Tort Law
o Covers civil wrongs that cause harm or loss, including intentional torts, negligence, and strict liability.
5. Intellectual Property Rights
o Addresses legal protections for creations of the mind, such as trademarks, copyrights, patents, and trade secrets.
6. Internet Law, Social Media, and Privacy
o Focuses on legal issues arising from online activities, including data privacy, cybercrimes, and the regulation of social media.
7. Criminal Law and Cyber Crime
o Explores criminal law fundamentals and offenses related to cyberspace, such as hacking and identity theft.
8. Agreement and Consideration in Contracts
o Analyzes the formation of contracts, emphasizing the roles of offer, acceptance, and consideration.
9. Capacity, Legality, and Enforceability
o Discusses the legal ability to enter contracts, the necessity of lawful subject matter, and factors affecting contract enforceability.
10. Contract Performance, Breach, and Remedies
o Examines the execution of contractual obligations, consequences of breaches, and available legal remedies.
11. Sales and Lease Contracts
o Details laws governing the sale and lease of goods, including the Uniform Commercial Code's provisions.
12. Performance and Breach in Sales and Lease Contracts
o Focuses on fulfilling contractual duties in sales and lease agreements and remedies for breaches.
13. Negotiable Instruments
o Introduces financial instruments like checks and promissory notes, outlining their features and uses.
14. Banking
o Covers banking operations, electronic fund transfers, and the regulatory environment of financial institutions.
15. Creditors’ Rights and Bankruptcy
o Explores legal rights of creditors and the processes involved in bankruptcy proceedings.
16. Agency Relationships in Business
o Discusses the creation and implications of agency relationships, where agents act on behalf of principals.
17. Employment Law
o Addresses laws governing employer-employee relationships, including workplace discrimination and labor regulations.
18. The Entrepreneur’s Options
o Examines various business structures available to entrepreneurs, such as sole proprietorships, partnerships, and limited liability companies.
19. Corporations
o Provides an overview of corporate formation, governance, and the roles of shareholders and directors.
20. Investor Protection, Insider Trading, and Corporate Governance
o Focuses on regulations designed to protect investors, prevent insider trading, and promote ethical management practices.
21. Antitrust Law and Promoting Competition
o Explores laws aimed at maintaining market competition by prohibiting monopolistic practices and unfair trade.
22. Consumer Law
o Discusses protections for consumers against deceptive practices, including warranties and product liability.
23. Personal Property, Bailments, and Insurance
o Covers ownership rights of personal property, arrangements for temporary possession (bailments), and insurance principles.
24. Real Property and Environmental Law
o Addresses issues related to real estate ownership, land use, and environmental regulations affecting businesses.
25. International and Space Law
o Introduces legal considerations in international trade and emerging issues in space law.
This structured approach provides a foundational understanding of business law's essential aspects, equipping readers with the knowledge to navigate legal challenges in the business environment.
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