Business law professors have long recognized the pedagogical value of using simulations in the classroom. In-class simulations can serve to develop the all-important critical thinking skills that educated people are expected to possess in today's complex legal environment. Moot court exercises, also known as appellate argumentation or appellate simulation, can be just as effective as mock trials and simulated hearings in teaching skills to students. Law schools, many of which utilize a moot court as part of their regular curriculum, find that it provides students with the opportunity to sharpen their writing skills, to polish their oral presentation skills, and to help them think more carefully about the interplay between factual contexts and legal principles. A moot court, like a mock trial, also "brings excitement into the classroom and stimulates interest in and appreciation for America's system of justice." In this article, the author discusses the importance of using appellate simulations in a business law course. He also identifies some obstacles to conducting a realistic and meaningful appellate simulation in a business school setting and describes ways on how to overcome these obstacles. (Contains 41 footnotes.)