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Cengage Advantage Books: Law for Business, 19th Edition

  • The Honorable John D. Ashcroft, J.D.
  • Katherine M. Ashcroft, J.D.
  • Martha Patterson, J.D.
  • ISBN-10: 1305654927
  • ISBN-13: 9781305654921
  • 608 Pages | Paperback
  • Previous Editions: 2014, 2011, 2008
  • COPYRIGHT: 2017 Published
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About the Product

Now you can provide maximum breadth of coverage for your legal course, even when you have tight time constraints with the concise, practical and accessible CENGAGE ADVANTAGE BOOKS: LAW FOR BUSINESS, 19E. This popular text offers a complete overview of all key topics in business law. Known for its straightforward approach and objective-based chapter organization, this trusted book helps your students easily comprehend the full range of topics in business law. Basic business law concepts are covered without extensive theory, making the law more approachable to give students the foundation they need to conduct business successfully in today's workplace. Acclaimed legal authors Ashcroft, Ashcroft, and Patterson combine short chapters and an engaging full-color design with real-world examples and timely applications. Integrated Learning Objectives and optional online tools, such as the MindTap learning system, make business law approachable and engaging for all of your students.


  • ETHICAL POINTS EMPHASIZE PRESSING ETHICAL CONCERNS AND CONNECTIONS. These brief ethical questions in the margins highlight pertinent ethical issues, show the relationships between law and ethics, and serve as a basis for meaningful class discussion.

  • ETHICS IN PRACTICE ELEVATE THE CRITICAL ROLE OF LEGAL ETHICS IN TODAY’S WORKPLACE. Appearing at the end of each Part, these hypothetical business situations reinforce the importance of ethical responsibility amidst the current climate of corporate scandal and recrimination.

  • LEARNING OBJECTIVES DIRECT STUDENT ATTENTION TO KEY CONCEPTS. These helpful Learning Objectives, which explicitly connect assignment material to appropriate concept from the chapter, help students better understand the chapter’s most critical concepts.

  • ACTUAL COURT CASES DEMONSTRATE LEGAL CONCEPTS IN ACTION. Brief case summaries from real, relevant U.S. court cases provide easy-to-understand applications of the chapter concepts.

About the Author

The Honorable John D. Ashcroft, J.D.

John Ashcroft is currently a distinguished professor of law and government at the Regent University School of Law. He previously served as Attorney General of the United States for four years. Prior to that, he served one term in the United States Senate from 1995 to 2001 and had served as Governor of Missouri for two terms. As governor, Ashcroft balanced eight consecutive budgets during his terms. Fortune magazine rated him as one of the top 10 education governors. Ashcroft was elected to two terms as attorney general of Missouri prior to serving as governor.

Katherine M. Ashcroft, J.D.

Katherine Ashcroft has served as in-house legal counsel for a private holding company, advising senior management on legal matters, including regulatory compliance, contract negotiation, and business organization. She also spent several years mentoring law students through an externship program sponsored by the St. Louis Chapter of the Association of Corporate Counsel. Ashcroft earned her law degree from Saint Louis University School of Law and is a member of the Missouri Bar.

Martha Patterson, J.D.

Martha Patterson began her legal career handling complex matters of estate planning and administration in an international law firm. She has considerable experience in state and federal tax law matters. She is currently Of Counsel with a small business transaction and litigation firm, where she focuses on startup, organization, financing, maintenance, and sale of companies. A graduate of Wheaton College with a degree in mathematics and the University of Virginia School of Law, Patterson serves on the board of Rescue: Freedom International, an organization dedicated to providing aftercare for survivors of human trafficking.

Table of Contents

1. Introduction to Law.
2. Courts and Court Procedures.
3. Business Torts and Crimes.
4. Government Regulation of Business.
5. Nature and Classes of Contracts.
6. Offer and Acceptance.
7. Capacity to Contract.
8. Consideration.
9. Defective Agreements.
10. Illegal Agreements.
11. Written Contracts.
12. Third Parties and Contracts.
13. Termination of Contracts.
14. Nature of Personal Property.
15. Special Bailments.
16. Sales of Personal Property.
17. Formalities of a Sale.
18. Transfer of Title and Risk in Sales Contracts.
19. Warranties, Product Liability, and Consumer Protection.
20. Nature of Negotiable Instruments.
21. Essentials of Negotiability.
22. Promissory Notes and Drafts.
23. Negotiation and Discharge.
24. Liabilities of Parties, Holders in Due Course and Defenses.
25. Nature and Creation of an Agency.
26. Operation and Termination of an Agency.
27. Employer and Employee Relations.
28. Employees' Rights.
29. Introduction to Business Organizations.
30. Creation and Operation of a Partnership.
31. Dissolution of a Partnership.
32. Nature of a Corporation.
33. Ownership of a Corporation.
34. Management and Dissolution of a Corporation.
35. Principles of Insurance.
36. Types of Insurance.
37. Security Devices.
38. Bankruptcy.
39. Nature of Real Property.
40. Transfer of Real Property.
41. Real Estate Mortgages.
42. Landlord and Tenant.
43. Wills, Inheritances, and Trusts.

New to this edition

  • NEW COURT CASES ILLUSTRATE TODAY'S MOST COMPELLING BUSINESS LITIGATION. Students review gripping cases as well as the ethical stands of various contemporary entities.
  • UPDATED TOPICS HIGHLIGHT MANY OF TODAY’S KEY LEGAL ISSUES AND RECENT DEVELOPMENTS. New content discusses Employer and Employee Relations with information on the Patient Protection and Affordable Care Act; Business Torts and Crimes with coverage of online privacy protection and the Children's Online Privacy Protection Act (COPPA); and Government Regulation of Business with coverage of the Office of Foreign Assets Control (OFAC).
  • REVISED ORGANIZATION REFLECTS FACULTY FEEDBACK. To enhance clarity, the authors have now consolidated chapters on Negotiable Instruments into a new Chapter 24 that addresses Liabilities of Parties and Holders in Due Course and Defenses. For a more streamlined presentation, they authors have also eliminated the previous edition’s Labor Legislation chapter.


All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.

Instructor Supplements

Website  (ISBN-10: 1305654943 | ISBN-13: 9781305654945)

Find everything you need for your course in one place! This collection of book-specific lecture and class tools is available online via Access and download PowerPoint® presentation slides, images, an Instructor’s Manual, videos, and more.

Cengage Testing, powered by Cognero® Instant Access  (ISBN-10: 1305655575 | ISBN-13: 9781305655577)

Cengage Learning Testing, powered by Cognero®, is a flexible, online system that allows you to import, edit, and manipulate content from the text's test bank or elsewhere, including your own favorite test questions. Create multiple test versions in an instant and deliver tests from your LMS, your classroom, or wherever you want.

MindTap Business Law, 1 term (6 months) Instant Access for Ashcroft/Ashcroft/Patterson’s Cengage Advantage Books: Law for Business  (ISBN-10: 1305655311 | ISBN-13: 9781305655317)

MindTap Business Law for Ashcroft/Ashcroft/Patterson's Cengage Advantage Books: Law for Business, 19th Edition is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap: Powered by You. MindTap lets you personalize teaching with customizable tools. Search the library of cases from previous editions to add to the learning path. Interactive cases and exhibits and video explanations are integrated into the reader. Activities help students prepare, engage, apply and analyze business law content while elevating learning, promoting critical thinking skills, and producing better outcomes. The Adaptive Test Prep helps students study with unlimited practice and feedback, while analytics detail class progress.

Student Supplements

MindTap Business Law, 1 term (6 months) Instant Access for Ashcroft/Ashcroft/Patterson’s Cengage Advantage Books: Law for Business  (ISBN-10: 1305655311 | ISBN-13: 9781305655317)

MindTap Business Law for Ashcroft/Ashcroft/Patterson’s Cengage Advantage Books: Law for Business, 19th Edition helps you learn on your terms. INSTANT ACCESS IN YOUR POCKET. The MindTap Mobile App lets you learn on your terms. Read or listen to the book and study with the aid of instructor notifications, the Adaptive Test Prep App, flashcards, and practice quizzes. MINDTAP HELPS YOU GEAR UP FOR ULTIMATE SUCCESS. Track your scores and stay motivated toward goals with interactive cases and exhibits, and video explanations. You’ll know where to focus your efforts. And the MindTap Green Dot will charge your confidence along the way. MINDTAP HELPS YOU OWN YOUR PROGRESS. MAKE THE TEXT YOURS. No one knows what works for you better than you. Highlight key text, add notes, and create custom flashcards. When it’s time to study, gather everything you’ve flagged into a guide you organize.