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Thank you to the reviewers who offered careful readings and suggestions for improvement.

More than anything else, it is this practical wisdom that we hope to impart to you.

Our textbook is therefore designed to help you first understand the materials through the use of key learning objectives, then assimilate the material through the use of lively and interesting examples, and finally reinforce the material through key terms, key takeaways, and exercises.

A special thanks to you for devoting so much of your time to this work: Finally, we thank our professional colleagues at the University of Dayton and the University of Puget Sound for providing us the good space in which to undertake this important work, as well as colleagues at the Academy of Legal Studies of Business.

Your collegiality and friendship continue to make academia a most enjoyable profession, and we look forward to many years and future editions to come.

Terence Lau is an associate professor of business law in the Management/Marketing Department at the School of Business Administration, University of Dayton (UD).