Legal_Context_of_Business

Legal_Context_of_Business - Law and Trade Click to edit...

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Click to edit Master subtitle style Law and Trade
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Types of Law ¢ Common Law l Precedents set by prior actions of courts ¢ Statutory Law l Laws created by legislative acts(federal, state, local) ¢ Regulatory Law l Law made by the authority of
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Business Law ¢ Contract Law l An agreement between parties that is enforceable in a court Agreement Consent Capacity-legal ability Considerations – value or benefit Legality Proper form
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Business Law ¢ Tort Law l Civil injury to property or reputation for which compensation must be paid. Intentional tort Negligence tort Product liability tort
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Business Law ¢ Property Law l Anything of value for which a person or business has sole right of ownership. Real property Personal property Intangible personal property l Intellectual Property Copyrights
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International Trade Law ¢ International Trade Law l A set of cooperative agreements and guidelines established by countries to govern the actions of individuals, businesses, and
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Legal_Context_of_Business - Law and Trade Click to edit...

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