Taking a dynamic, and very contemporary approach to legal environment of business studies, this text covers introductory topics, private law, and public law, but offers an alternative to the traditional method of case analysis. It emphasizes the importance of incorporating a questioning dimension into legal reasoning, one which involves critical thinking and the consideration of the impact of values (ethics) on the outcome being considered. The text outlines an authoritative step-by-step model for critical thinking/ethical analysis, and gives students hands-on opportunities to develop these skills.