The study of the legal environment of business is of paramount importance due to its universal applicability. Students entering any field of business must have at least the minimal understanding of business law in order to function in the real world. Students preparing for a career in accounting, economics, or business administration, need to regularly deal with legal matters that require a deep understanding of laws. Whether they are managers, employers, employees, accountants, or even customers, the information they learn can be applied within business law. In fact, every individual throughout his or her lifetime can benefit from the knowledge in contracts, negotiable instruments, companies’ law, and other legal topics. It is evident that business students have been encountering difficulties comprehending the concepts of business law for years, since it is perceived as being beyond the context of the other business courses. Nevertheless, the laws are for integrating the various business functional areas. The purpose of this book is to provide business students with a clear understanding of the Lebanese business law. Instructors rely on coverage, in depth knowledge, accuracy, and applicability of business law. This book is designed in a systematic, lucid, and illustrative manner, to ensure that it engages the students, solidifies their understanding of legal concepts, and uses suitable practical examples of different law cases to make the subject increasingly intelligible, interesting and authentic. Many instructors use cases to illustrate how business law applies to business. It is apparent that at least one case in every chapter has been included to describe the facts, the issues, and the rationale.

Special thanks to my friend Dr. Farid Abdallah.