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Cover of The Legal and Ethical Environment of Business v2.0
May 2014
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The Legal and Ethical Environment of Business

Version 2.0
By Terence Lau and Lisa Johnson

Key Features

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The Legal and Ethical Environment of Business, v. 2.0


Terence Lau and Lisa Johnson



With updated information in each chapter, this textbook will continue to illustrate the relevance of law and ethics to the happenings of the present day.


Agency law, ethics, bankruptcy, consumer protection, debtor-creditor relations, and secured transactions. Some of this material may be contained in one or two new chapters, and some of this material may be added as a new section or sections in an existing chapter.

In writing The Legal and Ethical Environment of Business, Terence Lau and Lisa Johnson had simple aims:

      • To present the often overwhelming legal environment of business in an exciting and relevant way
      • To provide faculty a way of achieving that goal

This textbook is suitable for these courses: Legal Environment of Business

This textbook is suitable for 2 and 4 year institutions.



The questions within each chapter of this textbook encourage critical thought, engagement, and dialogue.


These allow students to engage with concepts and apply ideas through hands-on learning.


Each chapter contains sections with real world ethical dilemmas relevant to the topic under study.


With all of its unique aspects, this textbooks allows students to apply concepts in the context of relevant legal environment of business (LEB) topics shaping actual decision-makers’ actions. It’s real world practice in the safety of the classroom environment.


The Flat World Knowledge publishing model allows instructors to adapt the textbook to the exact needs of their specific class and student body.

See how easy it is to customize a textbook in this 4 minute demo: Flat World Editing Platform Video Demo

Instructor’s Manual

Instructor’s Manual

The Instructor’s Manual guides you through the main concepts of each chapter and important elements such as learning objectives, key terms, and key takeaways. Can include answers to chapter exercises, group activity suggestions, and discussion questions.

Instructor’s Manual

PowerPoint Lecture Notes

PowerPoint Lecture Notes

A PowerPoint presentation highlighting key learning objectives and the main concepts for each chapter are available for you to use in your classroom. You can either cut and paste sections or use the presentation as a whole.

PowerPoint Lecture Notes

Test Item File

Test Item File

Need assistance in supplementing your quizzes and tests? Our test-item files (in Word format) contain many multiple-choice, fill-in-the-blank, and short-answer questions.

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Terence Lau California State University - Chico

Terence Lau is Dean of the College of Business at California State University, Chico. This AACSB-accredited school is part of the 23-campus California State University system that serves 480,000 students. Prior to that appointment, Terence was a professor of business law in the management/marketing department at the School of Business Administration, University of Dayton (UD). Terence served as the 2006 Supreme Court Fellow at the Supreme Court of the United States. Before joining UD, he was in-house counsel to Ford Motor Company in Detroit and Director for Governmental Affairs for ASEAN to Ford Asia-Pacific in Bangkok. Terence holds a JD from Syracuse University.

Lisa Johnson University of Puget Sound

Lisa Johnson is a Professor of Business and Leadership at the University of Puget Sound. She holds a J.D. with a certificate in Environmental and Natural Resources Law from the Northwestern School of Law of Lewis and Clark College; a Ph.D. from Portland State University in Public Affairs and Policy; an MPA with a focus on international environmental policy from Indiana University, and an MFA from Pacific Lutheran University. She is a Fellow at the Oxford Centre for Animal Ethics. From 2015–2017, Professor Johnson was the Nat S. and Marian W. Rogers Professor.
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