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Training students “to think like lawyers” has long been the main purpose of law courses, even those designed for business students. Although this text provides valuable insight into legal thought processes, Managing the Law has been written to address a different primary goal. With Managing the Law, the authors aim to help students learn how “to think like successful business people.” The key concept here is risk management. Businesspeople should know enough about the law to identify legal issues and the options for arranging their affairs so as to avoid difficulties. Managing the Law differs from other texts on the market in two important ways. First, it is a text for business students, not law students. Managing the Law provides a thorough and current picture of the legal rules that are relevant in the business world. It does not sacrifice important information for the sake of simplicity. At the same time, however, it does not overwhelm the business student with unnecessary detail or impenetrable jargon. The tone is intelligent and student-friendly. The text is accessible and comprehensible, regardless of the reader's background. Risk Management and Sources of Law Litigation and Alternative Dispute Resolution Introduction to Torts Intentional Torts Miscellaneous Torts Affecting Business Negligence The Nature and Creation of Contracts Consideration and Privity Representations and Terms Contractual Defects Discharge and Breach Contractual Remedies Special Contracts: Sale of Goods Special Contracts: Negotiable Instruments Property in Land: Interests and Leases Property in Land: Sales and Mortgages Personal Property: Bailment and Insurance Intellectual Property Electronic Commerce Agency and other Methods of Carrying on Business Basic Forms of Business Organizations Legal Rules for Corporate Governance Secured Transactions Dealing with Bankruptcy and Insolvency Government Regulation of Business Individual Employment Organized Labour