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Business Organizations: Cases, Problems, and Case Studies, Fifth Edition

  • D. Gordon Smith
  • Cynthia A. Williams
  • Sung Eun (Summer) Kim
Series / Aspen Casebook Series
Teaching Materials
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Buy a new version of this textbook and receive access to the Connected eBook with Study Center on Casebook Connect, including lifetime access to the online ebook with highlight, annotation, and search capabilities. Access also includes practice questions, an outline tool, and other helpful resources. Connected eBooks provide what you need most to be successful in your law school classes.

This book offers a current, and engaging approach to the study of business and business law by combining recent and classic cases, cutting edge topics, and problems-based learning.

Reflecting ongoing changes in the structure and regulation of modern business practice, Business Organizations: Cases, Problems, and Context offers a unique combination of doctrine, problems, and case studies. This book utterly avoids frustrating questions that students can’t answer and professors don’t want to spend class time answering. Recent, high-interest cases are balanced against classic teaching chestnuts. Brief, innovative problems are used throughout. Recent Delaware Supreme Court decisions and a collaborative community of users support a clear and sustained examination of the role and purview of the law in business transactions.

New to the Fifth Edition:  

  • New introductory chapter discussing the implications of emerging technologies, environmental and sustainability trends, and stakeholderism on business law
  • New textual coverage of corporate board diversity, increased virtual shareholder meetings in the Covid-19 pandemic, and resurgence of Caremark claims
  • Additions of new cases, including Marchand v. Barnhill, AmerisourceBergen Corp. v. Lebanon County Employees’ Retirement Fund, and In Re Williams Companies Stockholder Litigation
  • Shorter cases, and the case studies from prior editions pulled into a separate volume


Professors and students will benefit from:

  • an engaging introductory chapter that introduces how emerging technologies (blockchain, smart contracts, and artificial intelligence) and sustainability goals are transforming the organization and governance of business entities  
  • a discriminating selection of fresh cases and classics  
  • in-depth coverage of how the law applies to modern business structures (such as joint ventures, venture capital arrangements, franchises, and new limited liability business forms) as well as growth industries  
  • short problems after selected topics give students practice applying the legal principles covered in that section
  • hybrid entities treated in detail, including a separate chapter on limited liability companies
  • a companion volume of case studies styled on the B-school model that provide opportunities for in-depth analysis of the law in business transactions


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Business Organizations
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