The Legal Environment of Business: A Managerial Approach: Theory to Practice

The Legal Environment of Business: A Managerial Approach: Theory to Practice

Sean P. Melvin

Language: English

Pages: 864

ISBN: 0078023807

Format: PDF / Kindle (mobi) / ePub

This textbook emphasizes bridging the gap between understanding legal doctrines that impact the business environment and how business owners and managers use legal insight to limit liability and manage risk. Its distinct approach focuses on using teaching features, simulations, case studies, examples, and case law that is accessible and engaging because it is specifically tailored for business students.

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stakeholders? Explain. 3. Which moral philosophy approach describes Henry Ford’s stated actions? Explain. 4. Although not an issue at trial, the Dodge brothers used the money received to build their own company, Dodge Brothers Company (Dodge Motors), which was later sold to, and became a part of, Chrysler Motors. Many speculate that Henry Ford was actually trying to slow down the formation of the Dodge brothers’ new company. If Henry Ford’s alleged motive was true, was he acting in an ethical

“associate counsel.” Additionally, the general counsel may also serve as a corporate officer of the company, called the secretary, who is responsible for record keeping and complying with notice and voting requirements for the board of directors.3 The general counsel is also responsible for selecting and supervising lawyers from outside law firms when a particular field of expertise is needed, such as a trial lawyer (also called a litigator). The majority of companies, however, rely on attorneys

commerce so long as (1) it does not impose a discriminatory law (such as a tax) on out-of-state businesses and (2) the state law is a legitimate effort to regulate health, safety, and welfare. For example, suppose that in order to protect its own economic interests, the Texas state legislature imposes an inspection requirement and fee on all non-Texasbred beef sold within Texas. The state legislature justifies this process and fee on the basis that the law is protecting its citizens from diseased

constitutional protections as individuals. Traditionally, advertising had little or no First Amendment protection, but the Supreme Court has gradually increased the constitutional protections related to advertising, allowing purely commercial speech to have partial First Amendment protection so long as it is truthful. Commercial political speech has full First Amendment protection. The Due Process Clause of the Fifth and Fourteenth Amendments protects individuals from being deprived of “life,

no personal jurisdiction over that party. For example, suppose that Molony, a resident of Florida, injures Trostle, a resident of Pennsylvania, during Trostle’s vacation in Key West. If Trostle wishes to sue Molony in Pennsylvania, normally a Pennsylvania court would not have personal jurisdiction over Molony because he does not live there and the injury did not occur there. However, suppose that Molony owns a bed-and-breakfast in Pennsylvania. In that case, the Pennsylvania court could use its

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