3200 intro slides 09

3200 intro slides 09 - Business Law I Introduction to Law...

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Unformatted text preview: Business Law I Introduction to Law and the Judicial System Fall, 2009 PowerPoint Slides Slide 1 What Is Law? • Establishes relationships between parties – Defines rights and obligations – Regulates conflicting interests – Is usually prohibitory • Law v. equity • Substantive v. procedural law • Criminal v. civil law ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Slide 2 Ethics and Law • What’s the difference? • Why should we care? ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Slide 3 Developed Law • Common law – Judicial decisions create precedent – Routinely adhering to precedents is the concept of stare decisis – See Trombetta v. Conkling , Cases at 1. • Enacted law – Constitutions – Statutes – Rules or regulations ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Business Law I Introduction to Law and the Judicial System Fall, 2009 PowerPoint Slides Slide 4 The interplay between statutes and the common law • legislatures can change the common law by statute • legislatures can “legislate” the common law by statute • courts interpret statutes...
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This note was uploaded on 09/03/2009 for the course AEM 3200 taught by Professor Grossman,d. during the Fall '07 term at Cornell.

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3200 intro slides 09 - Business Law I Introduction to Law...

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