Chapter 6 - The Constitution and Regulation of Business

Chapter 6 - The Constitution and Regulation of Business -...

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The Constitution and Regulation of Business (Chapter 6) U.S. Constitution o Article I establishes the Congress o Article II establishes the Executive branch o Article III establishes the Judiciary o Article IV includes the Full Faith and Credit and Privileges and Immunities clauses States have to respect the rules of and decisions made in other states o Article V governs Amendments to the Constitution Separation of Powers o Federalism = a system of government in which power is divided between the states and the federal government o The Supremacy Clause – establishes that federal laws are supreme over any state laws o Preemption – federal government has claimed the exclusive right to regulate a
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Unformatted text preview: particular area Airfare regulation Any state regulation is invalid • Contracts Clause o No state shall pass any law impairing the obligation of contracts • First Amendment o Freedom of Speech Limited protection for commercial speech o Freedom of the Press The government can’t prevent anyone from publishing something Press still responsible for words; can be sued for false information o Freedom of Religion Congress shall make no law establishing religion Congress shall make no law prohibiting the free exercise of religion...
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This note was uploaded on 05/26/2011 for the course LEGL 2700 taught by Professor Reed during the Spring '07 term at UGA.

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Chapter 6 - The Constitution and Regulation of Business -...

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