Substantially revised, clarified and updated, the fourth edition of Guide to Business Law offers a clear and practical introduction to the basic principles of commercial law. The fourth edition of Guide to Business Law, gives students the tools to understand and deal with questions and issuestypically arising in the commercial world, such as: What constitutes a valid contact, how it terminates, and what would happen in the event of breach, details about agreements of sale, lease, insurance, and other specific contracts, and their effect on everyday business transactions. The variousforms of companies and business enterprises, their differences and respective advantages, and which form might be most suited to a particular enterprise.