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Business Law: Principles for Today's Commercial Environment, 5th Edition

David P. Twomey, Marianne M. Jennings, Stephanie M. Greene

  • Copyright 2017
  • {{checkPublicationMessage('Published', '2016-01-01T00:00:00+0000')}}
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Business Law: Principles for Today's Commercial Environment 5th Edition by David P. Twomey/Marianne M. Jennings/Stephanie M. Greene
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Overview

Twomey, Jennings and Greene’s BUSINESS LAW: PRINCIPLES FOR TODAY'S COMMERCIAL ENVIRONMENT, 5E uses excerpted cases in the language of the court to provide both comprehensive and clear coverage. Updates throughout this edition address the latest developments and all of the topics you require without overwhelming students with unnecessary detail. Based on the authors’ extensive teaching experience, this trusted text offers a wealth of integrated examples and applications that feature current events and familiar situations to help students grasp legal concepts. This edition’s clear, thorough guidance helps students prepare for the CPA exam. In addition, engaging feature boxes, numerous brief examples and applications are marked "For Example" so students can easily find them as they progress through each chapter's narrative. This edition’s new MindTap offers an optional online, highly personalized learning experience built on Cengage Learning content that helps you prepare for class.

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Meet the Authors

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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 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 MBA 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 M. Jennings, emeritus professor of legal and ethical studies, taught at the WP Carey School of Business, Arizona State University, from 1977 through 2019. 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 taught in ASU’s CPA Review course and CPAExcel Review course from 1984–2023. Professor Jennings earned her undergraduate degree in finance and her J.D. from Brigham Young University and has been a member of the Arizona and Federal Bars since 1977. She has four textbooks and five monographs in circulation in the areas of business law, business ethics, ethical culture and legal environment. She was director of the Lincoln Center for Applied Ethics from 1995 to 1999. Professor Jennings has authored hundreds of articles in academic, professional and trade journals. She is a contributing editor for the Real Estate Law Journal. She was a contributing editor for Ethikos from 2019–2021. She served on the Board of Editors for the Financial Analysts Journal from 2007–2012. She served as editor-in-chief of the Journal of Legal Studies Education during 2003–2004. During 1984–85, she served as then-Governor Bruce Babbitt's appointee to the Arizona Corporation Commission. In 1999, she was appointed by then-Governor Jane Dee Hull to the Arizona Commission on Character. 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. A collection of her essays, "Nobody Fixes Real Carrot Sticks Anymore," first published in 1994, is still being published. She was a contributing editor of Corporate Finance Review from and Real Estate Law Journal. Two of her books have been named Library Journal ’s book of the year.

Stephanie M. Greene

Professor Stephanie M. Greene has been a member of the faculty at the Boston College Carroll School of Management since 1995, where she currently serves as professor and chair of the Business Law Department. She served as editor-in-chief of the American Business Law Journal and the Journal of Legal Studies Education, both publications of the Academy of Legal Studies in Business. She has published numerous articles on intellectual property law, pharmaceutical regulation and employment law with publications appearing in the American Business Law Journal, the Northwestern Journal of International Law & Business and the Stanford Journal of Civil Rights and Civil Liberties. A member of the Massachusetts Bar, Professor Greene earned her undergraduate degree from Princeton University and her J.D. from Boston College Law School. She is a member of the Massachusetts Bar.

What's New

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  • NEW MINDTAP® OFFERS STUDENTS A FULLY ONLINE, HIGHLY PERSONALIZED LEARNING EXPERIENCE BUILT ON CENGAGE LEARNING CONTENT. MindTap® combines learning tools -- such as readings, multimedia, activities, and assessments -- into a singular learning path that guides students through the course. As an instructor, you can personalize the experience by customizing content and learning tools. MindTap® enables you to add your own content in the learning path with apps that integrate into the MindTap® framework seamlessly with your institution’s existing learning management systems.

Features

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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.

Table of Contents

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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.

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Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR INSTRUCTORS

MindTap Business Law, 2 terms (12 months) Instant Access for Twomey/Jennings/Greene's Business Law: Principles for Today's Commercial Environment

ISBN: 9781305630840
MindTap Business Law for Twomey's Business Law: Principles for Today's Commercial Environment, 5th Edition is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap. MindTap: Powered by You. MindTap gives you complete ownership of content. Search the library of cases from previous editions to incorporate into the learning path. Interactive cases and exhibits and video explanations are integrated into the reader. Activities help students prepare, engage, apply and analyze business law content while elevating learning, promoting critical thinking skills, and producing better outcomes. An Adaptive Test Prep helps students study with unlimited practice and feedback. Analytics and reports provide class progress.

MindTap® Business Law, 1 term (6 months) Instant Access for Twomey/Jennings/Greene's Business Law: Principles for Today's Commercial Environment

ISBN: 9781305630826
MindTap Business Law for Twomey's Business Law: Principles for Today's Commercial Environment, 5th Edition is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap. MindTap: Powered by You. MindTap gives you complete ownership of content. Search the library of cases from previous editions to incorporate into the learning path. Interactive cases and exhibits and video explanations are integrated into the reader. Activities help students prepare, engage, apply and analyze business law content while elevating learning, promoting critical thinking skills, and producing better outcomes. An Adaptive Test Prep helps students study with unlimited practice and feedback. Analytics and reports provide class progress.

FOR STUDENTS

MindTap Business Law, 2 terms (12 months) Instant Access for Twomey/Jennings/Greene's Business Law: Principles for Today's Commercial Environment

ISBN: 9781305630840
MindTap Business Law for Twomey's Business Law: Principles for Today's Commercial Environment, 5th Edition is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap. MindTap: Powered by You. MindTap gives you complete ownership of content. Search the library of cases from previous editions to incorporate into the learning path. Interactive cases and exhibits and video explanations are integrated into the reader. Activities help students prepare, engage, apply and analyze business law content while elevating learning, promoting critical thinking skills, and producing better outcomes. An Adaptive Test Prep helps students study with unlimited practice and feedback. Analytics and reports provide class progress.

MindTap® Business Law, 1 term (6 months) Instant Access for Twomey/Jennings/Greene's Business Law: Principles for Today's Commercial Environment

ISBN: 9781305630826
MindTap Business Law for Twomey's Business Law: Principles for Today's Commercial Environment, 5th Edition is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap. MindTap: Powered by You. MindTap gives you complete ownership of content. Search the library of cases from previous editions to incorporate into the learning path. Interactive cases and exhibits and video explanations are integrated into the reader. Activities help students prepare, engage, apply and analyze business law content while elevating learning, promoting critical thinking skills, and producing better outcomes. An Adaptive Test Prep helps students study with unlimited practice and feedback. Analytics and reports provide class progress.