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Daniel V. Davidson - Business Law: Principles and Cases in the Legal Environment

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Daniel V. Davidson Business Law: Principles and Cases in the Legal Environment

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Readable and practical introduction to business law designed for todays student. The Fourth Edition of Business Law Principles and Cases in the Legal Environment continues to offer a readable, rigorous, and practical introduction to business law in a format that enhances learning and understanding. With a thorough explanation of the legal and regulatory issues affecting businesses, Davidson, Forsythe, and Holland utilize outlines, exhibits, questions, and problems to engage students and enhance learning. Classic and contemporary cases in each chapter highlight key aspects of the law using the judges language. The Secret Sentinel case, an integrated, continuous business scenario threaded throughout the text, provides a hypothetical business environment in which students learn to apply the law and integrate legal concepts with other business topics.The purchase of this ebook edition does not entitle you to receive access to the Connected eBook with Study Center on CasebookConnect. You will need to purchase courseware to get access to the full experience including: lifetime access to the online ebook with highlight, annotation, and search capabilities, practice questions; an outline tool, newsfeed and other helpful resources. Connected eBooks provide what you need most to be successful in your Business Law classes.New to the Fourth Edition: Updated throughout, including cutting-edge state and federal casesCarefully edited and streamlined presentation make the book even more teachable and accessibleUpdated You Be the Judge boxes, with materials taken directly from current eventsCareful attention given to the new AACSB standards of Global Mindset and Diversity and InclusionProfessors and students will benefit from: Complete topical coverage in a clear and accessible presentationA continuous hypothetical business model that connects theory and practiceEach chapter includes a Classic Case and a Contemporary Case, offering opportunities to learn case analysis. Instructors can utilize these chapter cases for demonstrating the concepts of the chapter, opening up dialogue for student interactions.Rich pedagogy that includes learning objectives, discussion questions, case problems incorporating writing assignments.Discussion Questions can be utilized for online and face-to-face group discussions.Case Problems and Writing Assignments give instructors a starting point for in-class, hands-on group activities, in which students can work on different cases and share their answers with the class.Legal terminology is not only defined throughout the text, but practical application and examples are given throughout the chapters to help students grasp the concepts.Visual aids and exhibits throughout the book that illustrate legal and business conceptsA flexible organization that adapts to a wide range of teaching objectives and coursesThe digital Connected Coursebook format gives business law students robust search and highlighting tools, interactive practice questions, and more, that are all integrated into an easy-to-use, streamlined learning experience.

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i Business Law iii Business Law Principles and Cases in the Legal - photo 1

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Business Law

iii

Business Law

Principles and Cases in the Legal Environment

Fourth Edition

Daniel V. Davidson

Professor Emeritus of Business Law Davis College of Business and Economics Radford University

Lynn M. Forsythe

Professor Emerita of Business Law Craig School of Business California State University, Fresno

Nancy A. Holland

Professor of Business Law Business Division Fresno City College

iv Copyright 2023 Aspen Publishing All Rights Reserved No part of this - photo 2

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Copyright 2023 Aspen Publishing. All Rights Reserved.

No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or utilized by any information storage or retrieval system, without written permission from the publisher. For information about permissions or to request permissions online, visit us at www.AspenPublishing.com.

To contact Customer Service, e-mail , call 1-800-950-5259, or mail correspondence to:

Aspen Publishing

Attn: Order Department

PO Box 990

Frederick, MD 21705

Cover credit: iStock.com/JaySi

eISBN 978-1-5438-5850-1

Library of Congress Cataloging-in-Publication Data application is in process.

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About Aspen Publishing

Aspen Publishing is a leading provider of educational content and digital learning solutions to law schools in the U.S. and around the world. Aspen provides best-in-class solutions for legal education through authoritative textbooks, written by renowned authors, and breakthrough products such as Connected eBooks, Connected Quizzing, and PracticePerfect.

The Aspen Casebook Series (famously known among law faculty and students as the red and black casebooks) encompasses hundreds of highly regarded textbooks in more than eighty disciplines, from large enrollment courses, such as Torts and Contracts to emerging electives such as Sustainability and the Law of Policing. Study aids such as the Examples & Explanations and the Emanuel Law Outlines series, both highly popular collections, help law students master complex subject matter.

Major products, programs, and initiatives include:

  1. Connected eBooks are enhanced digital textbooks and study aids that come with a suite of online content and learning tools designed to maximize student success. Designed in collaboration with hundreds of faculty and students, the Connected eBook is a significant leap forward in the legal education learning tools available to students.

  2. Connected Quizzing is an easy-to-use formative assessment tool that tests law students understanding and provides timely feedback to improve learning outcomes. Delivered through CasebookConnect.com, the learning platform already used by students to access their Aspen casebooks, Connected Quizzing is simple to implement and integrates seamlessly with law school course curricula.

  3. PracticePerfect is a visually engaging, interactive study aid to explain commonly encountered legal doctrines through easy-to-understand animated videos, illustrative examples, and numerous practice questions. Developed by a team of experts, PracticePerfect is the ideal study companion for todays law students.

  4. The Aspen Learning Library enables law schools to provide their students with access to the most popular study aids on the market across all of their courses. Available through an annual subscription, the online library consists of study aids in e-book, audio, and video formats with full text search, note-taking, and highlighting capabilities.

  5. Aspens Digital Bookshelf is an institutional-level online education bookshelf, consolidating everything students and professors need to ensure success. This program ensures that every student has access to affordable course materials from day one.

  6. Leading Edge is a community centered on thinking differently about legal education and putting those thoughts into actionable strategies. At the core of the program is the Leading Edge Conference, an annual gathering of legal education thought leaders looking to pool ideas and identify promising directions of exploration.

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This revision has been a challenge and a delight. COVID made some work more difficult but it also gave us each a lot of time to work from home. We welcomed a new co-author, and she has been a delightful addition to our team. I would be remiss not to give my special thanks, as always, to my wife, Dee Davidson, my best friend and the love of my life. And thanks to my long-time co-author, Lynn Forsythe. She is always a joy to work with, an exceptional co-author, and a great friend! Its always great to work with her!

Dan Davidson

I have enjoyed working on this revision with Dan Davidson. His positive attitude makes him a delightful writing partner and his suggestions greatly improve our book. He is a wonderful colleague and friend. We are fortunate to have Nancy Holland join us with this edition. It was a pleasure to work with her. Nancy provided a fresh insight to a number of chapters based on her experience as a businessperson, professor, and adopter of the book. I want to thank my family for their patience, love, and support, especially Jim and Mike Poptanich, and Aileen Zollweg. I also dedicate this text to our students past, present, and future, especially the students who have persevered through the COVID-19 pandemic. I am looking forward to the new normal.

Lynn M. Forsythe

Lynn and Dan, it has been a pleasure to work with you over the past eight months on this wonderful text. Ive used this text in my classroom for over 22 years, so to be asked to be a co-author for the book is beyond an honor, and definitely a pleasure. I want to thank my husband, Randy, and my son, Michael, who understood that I had to be in the zone so as not to interrupt the creative flow! I also want to thank my dear friends from W&W who always have my back! A special thank you to Lydia Anderson, my mentor, and dear friend... and to God, who makes all things possible!

Nancy A. Holland

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Preface
A BUSINESS-ORIENTED TEXT

The fourth edition of Business Law: Principles and Cases in the Legal Environment provides students with a business-oriented introduction to the legal and ethical topics that affect business. This perspective may seem obvious. However, not all business law textbooks focus on the practice of business. Some fail to show students how the law will affect their future careers as businesspeople. Our goal as business law and legal environment instructors is not to teach lawyers, but to teach future businesspeople. The book is not organized along the lines of law school classesfor example, administrative law, agency, and remedies. Instead it is organized along the lines of how businesspeople should think about the law. For example, torts material may be in the agency chapters and remedies material may be in the contracts chapters.

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