This comprehensive text includes coverage of the legal environment of business as well as separate chapters on business ethics and social responsibility and the international aspects of doing business. Features: * New chapters address such topics as consumer credit transactions (Chapter 26), franchising (Chapter 49), and employment law (Chapter 52). * Approximately 25% of the text cases are New to this edition: * New Manager's Legal Agenda sections appear at the end of each part to provide the future manager with a real-world business perspective on the related legal concepts. * New chapter pedagogy includes chapter overviews, self-test questions with answers, key terms, demonstration problems that apply the legal concepts from the chatper to a realisitic situation, and phonetic guides immediately following all Latin legal terms. * An index of business names facilitates the discussion of actual business of actual business examples. * Law and Life boxes in each chapter contain articles taken from contemporary newspapers and periodicals to highlight the real-world implications of the legal concepts. The boxed material is referenced within the text, and the text is referenced in the boxes through introductory authors' notes that ensure continuity.