Business Law,
5th Edition

Preface.
Acknowledgments.
About The Authors.
PART I: THE LEGAL AND SOCIAL ENVIRONMENT OF BUSINESS.
1. The Nature and Sources of Law.
2. The Court System and Dispute Resolution.
3. Business Ethics, Social Forces, and The Law.
4. The Constitution As The Foundation of The Legal Environment.
5. Government Regulation of Competition and Prices.
6. Administrative Agencies.
7. Crimes.
8. Torts.
9. Intellectual Property Rights and The Internet.
10. The Legal Environment of International Trade.
PART II: CONTRACTS.
11. Nature and Classes of Contracts: Contracting On The Internet.
12. Formation of Contracts: offer and Acceptance.
13. Capacity and Genuine Assent.
14. Consideration.
15. Legality and Public Policy.
16. Writing, Electronic Forms, and Interpretation of Contracts.
17. Third Persons and Contracts.
18. Discharge of Contracts.
19. Breach of Contract and Remedies.
PART III: SALES AND LEASES OF GOODS.
20. Personal Property and Bailments.
21. Legal Aspects of Supply Chain Management.
22. Nature and Form of Sales.
23. Title and Risk of Loss.
24. Product Liability: Warranties and Torts.
25. Obligations and Performance.
26. Remedies For Breach of Sales Contracts.
PART IV: NEGOTIABLE INSTRUMENTS.
27. Kinds of Instruments, Parties, and Negotiability.
28. Transfers of Negotiable Instruments and Warranties of Parties.
29. Liability of The Parties Under Negotiable Instruments.
30. Checks and Funds Transfers.
PART V: DEBTOR-CREDITOR RELATIONSHIPS.
31. Nature of The Debtor-Creditor Relationship.
32. Consumer Protection.
33. Secured Transactions In Personal Property.
34. Bankruptcy.
35. Insurance.
PART VI: AGENCY AND EMPLOYMENT.
36. Agency.
37. Third Persons In Agency.
38. Regulation of Employment.
39. Equal Employment Opportunity Law.
PART VII: BUSINESS ORGANIZATIONS.
40. Types of Business Organizations.
41. Partnerships.
42. LPs, LLCs, and LLPs.
43. Corporation Formation.
44. Shareholder Rights In Corporations.
45. Securities Regulation.
46. Accountants' Liability and Malpractice.
47. Management of Corporations.
PART VIII: REAL PROPERTY AND ESTATES.
48. Real Property.
49. Environmental Law and Land Use Controls.
50. Leases.
51. Decedents' Estates and Trusts.
Appendices.
Glossary.
Case Index.
Subject Index.

• David P. Twomey

  Professor David Twomey has been a member of the business law department in the Carroll School of Management at Boston College since 1968. As department chair for more than a decade, and a multi-term chair of the school’s Education Policy Committee, Professor Twomey has served as a spokesperson for a strong legal and ethical component in both the undergraduate and graduate curriculum. He is the author of 36 editions of textbooks on labor, employment and business law topics. His articles have appeared in journals such as Best’s Review, The American Business Law Journal, The Labor Law Journal, The Massachusetts Law Quarterly, The Florida Bar Journal, and The Business Law Review. Professor Twomey has served as arbitrator in more than 2,000 labor-management disputes throughout the country. His service includes appointments by Presidents Ronald Reagan, George H. W. Bush, William J. Clinton, George W. Bush and Barack Obama to nine Presidential Emergency Boards, whose recommendations served as the basis for the resolution of major disputes in the rail and airline industries. After service in the U.S. Marine Corps, Professor Twomey graduated from Boston College, earned his M.B.A. at the University of Massachusetts, Amherst, and a J.D. degree at Boston College Law School. He is a member of the Massachusetts and Florida Bars and a member of the National Academy of Arbitrators.

• Marianne M. Jennings

  Professor Marianne Jennings is an emeritus professor of legal and ethical studies in business from the W.P. Carey School of Business at Arizona State University (ASU). She was named professor of the year in the College of Business in 1981, 1987, 2000 and 2010 and was the recipient of a Burlington Northern teaching excellence award in 1985. She served as director of the Joan and David Lincoln Center for Applied Ethics at ASU from 1995-1999. From 2006-2007, she served as the faculty director for the M.B.A. Executive Program. She took emeritus status in 2015, but continues to teach graduate courses in business ethics and ethical culture at ASU and other colleges around the country. She is also an instructor and mentor for Wiley’s CPAExcel review course. Professor Jennings has authored hundreds of articles in academic, professional and trade journals. She was named one of the Top 100 Thought Leaders by Trust Across America in 2010. In 2012 she was named one of the 100 Most Influential People in Business Ethics by Ethisphere magazine. Her columns have been syndicated around the country, and her work has appeared in the Wall Street Journal, the Chicago Tribune, the New York Times, Washington Post and the Reader's Digest. She has been a commentator on business issues on All Things Considered for National Public Radio. She has appeared on CNBC, CBS This Morning, the Today Show and CBS Evening News. Professor Jennings earned her undergraduate degree in finance and her J. D. from Brigham Young University. She has done consulting work for law firms, government agencies, businesses and professional groups including Allstate, Amgen, AstraZeneca, Blue Cross Blue Shield, Boeing, Bristol-Myers Squibb, Coca-Cola, Department of Energy, Department of Interior, Dial Corporation, DuPont, IBM, Institute of Internal Auditors, Mattel, Motorola, Southern California Edison, Pfizer and Toyota.

• Stephanie M Greene

  Professor Stephanie Greene has been a member of the faculty at the Boston College Carroll School of Management since 1995. She currently serves as professor and chair of the business law department. She has served as editor-in-chief of the American Business Law Journal and the Journal of Legal Studies Education. Professor Greene has published numerous articles on employment law and intellectual property law with recent publications appearing in the American Business Law Journal and the Stanford Journal of Civil Rights and Civil Liberties. A member of the Massachusetts Bar, Professor Greene earned her undergraduate degree in Slavic languages and literature at Princeton University and her J.D. from Boston College Law School.

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• UPDATED CASES AND EXAMPLES FEATURE CURRENT AND NEWSWORTHY TOPICS. With the latest updates throughout this edition, it’s simple to bring today’s most recent developments and current events into your class.

• "MAKE THE CONNECTION" HIGHLIGHTS THE RELEVANCE OF WHAT STUDENTS ARE LEARNING. These engaging features at the end of each chapter help your students understand the relationship between concepts from the book and real-life situations.

• LEARNING OUTCOMES DIRECT STUDENT ATTENTION TO KEY CONCEPTS. These helpful learning features assist students in mastering and retaining legal concepts

• ENHANCED INSTRUCTOR’S MANUAL SAVES YOU PREPARATION TIME. This essential resource is filled with insights, teaching strategies, and chapter outlines specifically designed to save you time and assist you in creating a dynamic course.

• ENGAGING, ACTIVE PRESENTATION KEEPS STUDENTS ENGAGED AND LEARNING. Known for delivering an active, lucid writing style, these experienced, award-winning authors present features with an appropriate depth of explanation, interesting cases, and real-world examples.

• RELEVANT CASES CLARIFY CONCEPTS AND HIGHLIGHT APPLICATIONS. Engaging cases reinforce student comprehension and ensure the clearest application of concepts. This edition’s cases present landmark decisions as well as appellate decisions.

• CPA ICONS THROUGHOUT THE BOOK DIRECT READERS TO CONTENT COVERED ON THE CPA EXAM. Icons identify content within the chapters while end-of-chapter materials include questions drawn from past CPA exams.

• INVITING COVERAGE, INTERESTING CASES AND REAL-WORLD EXAMPLES FEATURE CURRENT AND NEWSWORTHY TOPICS. With the latest updates throughout this edition, it’s simple to learn business law principles using today’s most recent developments and current events.

• "ETHICS & THE LAW" HIGHLIGHTS ETHICAL IMPLICATIONS OF PAST AND PRESENT LEGAL DECISIONS. Each chapter include probing critical-thinking questions about the ethical issues related to actual business and legal dilemmas.

• "FOR EXAMPLE" APPLICATIONS DEMONSTRATE THE PRACTICAL CONSEQUENCES OF LEGAL DECISIONS IN ACTION. These applications in each chapter help you apply concepts to a real-life situation.

• "THINKING THINGS THROUGH" STRETCHES YOUR UNDERSTANDING BY APPLYING PRINCIPLES TO SIMILAR CASES. You learn to apply the law to other cases that vary slightly from the cases presented in the chapters.

• "MAKE THE CONNECTION" HIGHLIGHTS THE RELEVANCE OF WHAT YOU ARE LEARNING. These engaging features at the end of each chapter help you understand the relationship between legal concepts from the book and real-life situations.

• LEARNING OUTCOMES DIRECT YOUR ATTENTION TO KEY CONCEPTS. These helpful learning features assist you in mastering and retaining legal concepts.

• CPA ICONS THROUGHOUT THE BOOK DIRECT YOU TO CONTENT COVERED ON THE CPA EXAM. Icons identify content within the chapters while end-of-chapter materials include questions drawn from past CPA exams.

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