Contemporary Business Law

Primarily a text for courses in Business Law, Contemporary Business Law can also serve as a handy resource/reference for newcomers to the world of business.

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Take students beyond rote memorization and into true understanding of the concepts and their implications.

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This motivating, up-to-date text presents business law, ethics, and the legal environment in a way that intrigues students, spurs them to ask questions, and takes them beyond rote memorization as they learn the issues and concepts. With its emphasis on covering online law and e-commerce as key parts of the legal environment—as well as today’s social, ethical, and international issues that are important to the study of business law—it’s the ideal text for your one- or two-semester undergraduate course in Business Law.

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This text provides a better teaching and learning experience—for you and your students. Here’s how:

• Tailor the material to your specific course with the Custom Database option.
• Draw students into the material with a rich selection of cases.
• Address issues critical to the field of business law today.

• Tailor the material to your specific course with the Custom Database option.
• Draw students into the material with a rich selection of cases.
• Address issues critical to the field of business law today.

Henry R. Cheeseman is professor emeritus of the Marshall School of Business of the University of Southern California (USC), Los Angeles, California.

Professor Cheeseman earned a bachelor’s degree in finance from Marquette University, both a master’s in business administration (MBA) and a master’s in business taxation (MBT) from the University of Southern California, a juris doctor (JD) degree from the University of California at Los Angeles (UCLA) School of Law, a master’s degree with an emphasis on law and economics from the University of Chicago, and a master’s in law (LLM) degree in financial institutions law from Boston University.

Professor Cheeseman was director of the Legal Studies in Business Program at the University of Southern California. Professor Cheeseman taught business law, legal environment, and ethics courses in both the Master of Business Administration (MBA) and undergraduate programs of the Marshall School of Business of the University of Southern California. At the MBA level, he developed and taught courses on corporate governance, securities regulation, mergers and acquisitions, and bankruptcy law. At the undergraduate level, he taught courses on business law, the legal environment of business, ethics, business organizations, cyber law, and intellectual property.

Professor Cheeseman received the Golden Apple Teaching Award on many occasions by being voted by the students as the best professor at the Marshall School of Business of the University of Southern California. He was named a fellow of the Center for Excellence in Teaching at the University of Southern California by the dean of the Marshall School of Business. The USC’s Torch and Tassel Chapter of the Mortar Board, a national senior honor society, tapped Professor Cheeseman for recognition of his leadership, commitment, and excellence in teaching.

Professor Cheeseman writes leading business law and legal environment textbooks that are published by Pearson Education, Inc. These include Business Law: Legal Environment, Online Commerce, Business Ethics, and International Issues; Contemporary Business Law; and The Legal Environment of Business and Online Commerce. Professor Cheeseman has also co- authored a textbook entitled Contemporary Employment Law.

Professor Cheeseman is an avid traveler and amateur photographer. The interior photographs for this book were taken by Professor Cheeseman.

Part I    Legal, Ethical, and Digital Environment

1. Legal Heritage and the Digital Age

2. Constitutional Law for Business and E-Commerce

3. Courts and Jurisdiction

4. Judicial, Alternative, Administrative, and E-Dispute Resolution

5. Intentional Torts and Negligence

6. Criminal Law and Cyber Crimes

7. Intellectual Property and Cyber Piracy

8. Ethics and Social Responsibility of Business

Part II    Contracts and E-Commerce

9. Nature of Traditional and E-Contracts

10. Agreement and Consideration

11. Capacity and Legality

12. Genuineness of Assent and Statute of Frauds

13. Third-Party Rights and Discharge

14. Breach of Contract and Remedies

15. Digital Law and E-Commerce

Part III Sales and Lease Contracts and Product Liability

16. Formation of Sales and Lease Contracts

17. Title to Goods and Risk of Loss

18. Remedies for Breach of Sales and Lease Contracts

19. Warranties and Product Liability

Part IV Negotiable Instruments, Banking, and Electronic Financial Transactions

20. Creation and Transfer of Negotiable Instruments

21. Holder in Due Course and Liability of Parties

22. Banking System and Electronic Financial Transactions

Part V    Credit, Secured Transactions, and Bankruptcy

23. Credit, Real Property Financing, and Secured Transactions

24. Bankruptcy and Reorganization

Part VI Business Organizations, Corporate Governance, and Investor Protection

25. Agency Law

26. Small Business, Entrepreneurship, and Partnerships

27. Corporate Formation and Financing

28. Corporate Governance and the Sarbanes-Oxley Act

29. Corporate Acquisitions and Multinational Corporations

30. Limited Liability Companies and Limited Liability Partnerships

31. Franchise and Special Forms of Business

32. Investor Protection, E-Securities, and Wall Street Reform

Part VII Government Regulation and Employment Law

33. Antitrust Law and Unfair Trade Practices

34. Consumer Safety and Environmental Protection

35. Labor, Worker Protection, and Immigration Law

36. Equal Opportunity in Employment

Part VIII Property, Insurance, and Estates

37. Personal Property, Bailment, and Insurance

38. Real Property, Landlord-Tenant Law, and Land Use Regulation

39. Family Law, Wills, and Trusts

Part IX Accounting Profession

40. Accountants’ Duties and Liability

Part X    Global Environment

41. International and World Trade Law

Appendices

A The Constitution of the United States of America

Case Index

Subject Index