This book is an introductory text on business law targeted for use in an undergraduate or graduate business school setting. It covers the major areas of law typically taught in a legal environment for business course. This book covers these principles with a simple premise: law for attorneys focuses on finding legal answers, while law for managers focuses on *risk management*. That is, attorneys are trained to find the right legal answer to a question, or to argue that a certain answer ought to be the right one. Managers face a very different question. A company’s course of action will have certain probabilities of various legal consequences which need to be weighed. In that sense, decisions with legal repercussions are like any decision faced by a manager.
The goal of this text is to (1) teach students enough substantive law that they can assess those probabilities, (2) teach students enough procedural law and terminology that they can communicate intelligibly with attorneys, and (3) give a framework and practice in decisionmaking with regard to legal consequences.