ApendixA_BusinessLaw_2006

ApendixA_BusinessLaw_2006 - Business Law Lynn Mgmt 120 The...

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Business Law Lynn / Mgmt 120 The LORD wants honest balances and scales; All the weights are his work. Proverbs 16.11
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Navigating the Legal Maze
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Why does Law Exist?
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Sources of Law Civil Law Law based on written codes, this basis of US law was strongly influenced by Roman and French society Common Law Judicially set with high regard for case precedents Statutory Law Product of the legislative process (Rulemaking: Municipality regulation) Regulatory (Administrative) Law Product of the executive process
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The Law Changes Business Regulation Business Deregulation Consumers Property Investors Employees Competition
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Legal Issues in Business Contract – Court-enforceable agreements Tort – Wrongs to individuals or property Property – Trademarks, patents, and copyrights Agency – Principles and agents (modeling, insurance, real estate brokerage, sports, etc.) Bankruptcy – Legal nonpayment of financial obligations Uniform Commercial Code (UCC) – Sales law and warranties Tax Labor Antitrust International
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Players in the Legal System Attorney General of Texas NY District Attorney ACU Legal Counsel Justice of the Peace Securities and Exchange Commission (SEC) US Supreme Court Solicitor General of the US Courts Prosecutors Defenders
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Court System Glossary Types of Cases Civil
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ApendixA_BusinessLaw_2006 - Business Law Lynn Mgmt 120 The...

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