Provides a comprehensive introduction to the legal environment of business, with more coverage of private law [contracts (2 chapters), sales law, negotiable instruments, secured transactions, etc.] than most legal environment texts. In other words, the text balances public law and private law. In the third edition, you'll find two or three new cases in each chapter. The cases are edited. The chapter on ethics (Ch. 2) includes an ethical decision-making model. Students can use this model to work through the ethical considerations that appear in each chapter. The chapter on international law (Ch. 12 in this edition) includes the major revisions in Article 3: Negotiable Instruments and covers limited liability companies. Information on using the Internet is included at the end of each chapter. Internet addresses are listed so students can find more detailed information on specific topics. Other pedagogical features include Facing a Legal Issue and Legal Highlights.