B-iii
Table of Contents
UNIT ONE: The Legal Environment of Business
2 Courts and Alternative Dispute Resolution ………………………………………………………………………………….. B-1
3 Court Procedures ……………………………………………………………………………………………………………………… B-7
4 Constitutional Authority to Regulate Business ……………………………………………………………………………. B-11
13 Capacity and Legality ………………………………………………………………………………………………………………. B-54
14 Mistakes, Fraud, and Voluntary Consent ……………………………………………………………………………………. B-59
15 The Statute of Frauds—Writing Requirement and Electronic Records …………………………………………… B-63
16 Third Party Rights ……………………………………………………………………………………………………………………. B-67
17 Performance and Discharge in Traditional and E-Contracts ………………………………………………………….. B-71
26 Liability, Defenses, and Discharge …………………………………………………………………………………………… B-110
27 Checks and Banking in the Digital Age ……………………………………………………………………………………… B-115
UNIT SIX: Creditors’ Rights and Bankruptcy
B-iv TABLE OF CONTENTS
37 Partnerships and Limited Liability Partnerships ………………………………………………………………………… B-158
38 Limited Liability Companies and Special Business Forms ……………………………………………………………. B-163
39 Corporate Formation and Financing ………………………………………………………………………………………… B-167
40 Corporate Directors, Officers, and Shareholders ………………………………………………………………………. B-172
41 Corporate Merger, Consolidation, and Termination ………………………………………………………………….. B-177