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As any businessperson will confirm, practicing business today provides ample opportunity to get ""eaten up"" by legal problems. Tomorrow's managers will undoubtedly encounter situations calling for some practical understanding of the law. Equip your students with the knowledge that enables them to recognize and speak intelligently about legal problems, to avoid them when possible, and when unavoidable, to effectively participate in their solution. Our new text, The Legal Environment of Business, emphasizes students acquiring practical knowledge, not just memorizing concepts never to be used again. Our goal is to provide a book that students and professors will enjoy reading -- a book that shows the relevancy of the law to current and future businesspeople. *In Consultation The book contains ten scenarios based on contemporary legal issues in business, featuring detailed conversations between a manager and the firm's lawyer about the legal problem the business is facing. *A Memo From Your Lawyer Several times in each chapter the authors give practical advice directly to the students concerning a legal issue examined in the chapter.;*Practical Exercises Each chapter concludes with a situation that calls for students to prepare a written memo in response, using legal terms and concepts explained in the chapter. *Social/Ethical Issues Every chapter contains boxes asking the students to critically analyze the ethical, social, and public policy implications of certain legal principles and issues discussed in the chapter. *Excerpted Cases Three or four court cases are excerpted in each chapter that deal with relevant legal issues. These cases have been carefully edited to remove previously undefined legal terminology.