Book Title: Business Law: A Risk Management Approach

Author: Jeff Lingwall

Book Description: This book covers essential business law topics of interest to managers, from the perspective of analyzing, managing, and reducing legal risk associated with business transactions.

Creative Commons Attribution NonCommercial ShareAlike


Book Information

Book Description

This book is an introductory text on business law targeted for use in an undergraduate or graduate business school setting. It covers the major areas of law typically taught in a legal environment for business course. This book covers these principles with a simple premise: law for attorneys focuses on finding legal answers, while law for managers focuses on *risk management*. That is, attorneys are trained to find the right legal answer to a question, or to argue that a certain answer ought to be the right one. Managers face a very different question. A company’s course of action will have certain probabilities of various legal consequences which need to be weighed. In that sense, decisions with legal repercussions are like any decision faced by a manager.

The goal of this text is to (1) teach students enough substantive law that they can assess those probabilities, (2) teach students enough procedural law and terminology that they can communicate intelligibly with attorneys, and (3) give a framework and practice in decisionmaking with regard to legal consequences.


Jeff Lingwall


Commercial law


Business Law: A Risk Management Approach
Jeff Lingwall

This text was adapted by Jeff Lingwall under the same license and from texts adapted by Saylor Academy under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work’s original creator or licensor. Some additions to the text have specific license terms (such as an XKCD comic). In the slides and lectures that accompany the text, some items are used under fair use principles (such as images in the lecture on fair use).

Primary Subject
Commercial law
Boise State University eCampus Center
Publication Date
August 30, 2022