Part 1 The legal and social environment of business: the nature and sources of law; the court system and dispute resolution; business ethics, social forces and the law; the constitution as the foundation of the legal environment; government regulation of competition and prices; administrative agencies; the legal environment of international trade; crimes; torts; intellectual Property Rights. Part 2 Contracts: nature and classes of contracts; the agreement; capacity and genuine assent; consideration; legality and public policy; form of contract; interpretation of contracts; third persons and contracts; discharge of contracts; breach of contract and remedies; accountants' liability and malpractice. Part 3 Personal property and bailments: personal property; bailments; legal aspects of warehousing, transportation, factoring and hotelkeeping. Part 4 Sales and leases of personal property: nature and form of sales; passage of title and risk of loss - rights of parties; obligations of performance; warranties and other product liability theories; remedies for breach of sales contracts; consumer protection. Part 5 Negotiable instruments: kinds of instruments, parties and negotiability; transfer of negotiable instruments; rights of holders and defences; checks and funds transfers. Part 6 Debtor-creditor relations and risk management: secured transactions in personal property; other security devices; bankruptcy; insurance. Part 7 Agency and employment: agency - creation and termination; principal and agent; third persons in agency; regulation of employment; equal employment opportunity law. Part 8 Business organizations: forms of business organizations; creation and termination of partnerships partnerships, limited partnerships and limited liability companies; introduction to corporation law; corporate stocks and bonds; securities regulation; management of corporations. Part 9 Real property and estates: real property; environmental law and land use controls; leases; decedents' estates and trusts. Appendices: how to find the law; the constitution of the united states; uniform commercial code; united nations convention on contracts for the international sale of goods (excerpts); Uniform Partnership Act; Revised Model Business Corporation Act; answers to AICPA questions.

Concentrating on the black letter law that affects business, this text includes varied case studies, a focus on CPA preparation, summarized cases, supporting examples, ethical scenarios drawn from the real world, short vignettes and end-of-chapter case problems.