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L NIT ONE The Lega Environment of Business i Tlhe Leal and Constitutional Environment of Business. Appendix A Finding and Analyzing the Law......... 2 Tradit nal and Online Dispute Resolution... ... .... .. ..... . .. . 9 SEthic and Busines s Decision Making . . .. ..... ...................... 15 t e: Answers to Focus on Legal Reasoning... 23 UNlT TWO: Tort and Crimes 4 Tors nd t 1ber Torts 25 Inte.lcual Property..N 31 S Crina I aw and Cvber Crimes ..............39 it T Answers to Focus on Legal Reasoning............. ...... 47 UNIT THREE: Contracts SNature and Classification ......... 49 8 Agreme t and Consideration ........... ... 5 9 Capacity and Legality..... 61 0 Defenses to Contract Enforceability .... 69 1 T rd Party Rights and ischarge .............. 75 S B reach and Re edies ......... 81 0 F ttracts 87 S hr ee: Answers to Focus on Legal Reasoning .. ...... ..... ..... 95 UNIT FOUR: Sales and Lease Contracts S he Fornation of Sales and Lease Contracts .....97 Sile and Risk of L oss . , 103 6 rformance and Breach of Sales and Lease Contracts. ...... . 111 7 Warranties and Product Liability........ ..... 117 Uiou: o Answers to Focus on Legal Reasor ing.......... .1..... 123 UNIT FIVE. Negotiable Instruments 18 Ngo htabiity ransferability, and. Liablity ..15..25 19 heks the Banking System, and E-Money........ ..... 133 Sn: ns ers to Focu on I egal Reasoning. . .. . ...... . 139 UNIT SIX: Debtor-Creditor Relationships 20 Secured Transactions .. . ... 141 21 Creditors' Rights and Bankruptcy... ..... . .. ... . ........... 14 Unit Six: Answers to Focus on Legal Reasoning.... .... 55 UNIT SEVEN Employment Relations 22 Agency Relationships .... .. . .. .. .......5 23 Employment Law.. 16. ... Unit Seven: Answers to Focus on Legal Reasoning.... . 173 UNIT EIGHT: Business Organizations 24 Sole Proprietorships, Partnerships, and Limited Liability Companies. 25 Corporate Formation, Financing, and Termination........ 181 26 Corporate Directors, Officers, and Shareholders .... 189 27 Investor Protection and Corporate Governance.... ..... Unit Eight: Answers to Focus on Legal Reasoning....... 2 UNIT NINE: Property and Its Protection 28 Personal Property and Bailments............ 205 29 Real Property and Landlord-Tenant Law... .... 211 30 Insurance, ills, and Trusts ...... 21 1nit Nine: Answers to Focus on Legal Reasoning............. . ....... 223 UNIT TEN' Special Topics 31 Professional Liability .. ......... . .... .... .... 2 32 International Law ............. .......... . ... ......... .............. ............ ........... 233 Unit Ten: Answers to Focus on Legal Reasoning 2