This text provides superior legal, ethical and regulatory coverage while fully integrating legal principles with business practices. Legal topics are explained through business examples (over 300 references to business are made in the text). In addition to a solid foundation in the law, the reader learns valuable legal and ethical reasoning skills throught a variety of critical thinking exercises. The reader receives practical advice on when to call a lawyer, how best to use legal aid, and how to avoid legal trouble in the first place. This text fulfills current curricular and AACSB accrediting standards.