Business Law PPT Intro 1

Business Law PPT Intro 1 - Introduction What Is Law? Law is...

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Introduction
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2 What Is Law? Law is a set of rules regulating the conduct of individuals and groups in society. Individuals injured by those who violate the law have legal remedies through the courts at all levels of government Federal State Local (County, City, Town, etc.)
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3 Purposes of Law The law is established for these purposes: Protection of individuals Protection of society Protection of property Promotion of worthwhile social objectives
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4 Sources of Law in the United States Law in the United States originates with the following sources: Constitutions Statutes Court Decisions (Case Law) Administrative Regulations
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5 Constitutions There are 51 constitutions in the United States: The United States Constitution, and a constitution for each of the 50 states. The United States Constitution is the supreme law of the land; it supersedes all other sources of law at both the state and federal levels. Generally, each state constitution is based upon the United States Constitution.
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6 Constitutions (continued) A constitution serves two purposes: 1. A constitution defines the organization and structure of the government. For the United States government that would be: Executive Branch – President. Legislative Branch – Congress. Judicial Branch – Supreme Court. 2. A constitution limits the power of government to intrude in your life. (Your rights.)
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7 Statutes Statutes: Federal statutes, or “Acts of Congress,” address issues of national importance such as national defense, commerce between states, etc. State legislatures enact laws governing regional and local issues such as marriage, divorce, vehicle and traffic laws, etc. Local legislatures enact ordinances that govern traffic and parking, zoning, local taxes, etc.
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8 Court Decisions Decisions made by judges In some cases there is no statute to govern the situation, so the court decides the case. (case law) Where a statute does govern the issue in a case, the court is often called upon to interpret the meaning of the words of the statute. Previously decided cases are referred to as precedents, and under a doctrine know as stare decisis, courts deciding similar cases are bound to follow the law announced in the previously decided cases.
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9 Administrative Regulations Congress and state legislatures create administrative agencies to deal with complex issues such as radio and television communication or air travel. Agencies create regulations that have the force and effect of a statute or a court precedent. These regulations allow the agency to address complex issues that are part of our modern society.
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10 Civil Versus Criminal Law Civil Law Protects an individual’s rights from harmful acts of others. Provides money
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This note was uploaded on 05/26/2011 for the course BUL 3320 taught by Professor Ravanelle during the Fall '09 term at Florida A&M.

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Business Law PPT Intro 1 - Introduction What Is Law? Law is...

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