Spring 2010 Business Law and the Legal Environment - Week 15

Spring 2010 Business Law and the Legal Environment - Week...

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Business Law and the Legal  Environment Week 15 Spring 2010
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Administrative Law Statutory Law Legislative Congress/State Legislature Administrative Law Quasi legislative Administrative Agencies
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Agency Creation and Powers Congress passes enabling legislation specifying the name, purposes, functions, and powers of the agency being created. An enabling statute defines the agency’s legal authority Ex. Federal Trade Commission Act of 1914 was the enabling legislation for (set up) the Federal Trade Commission Prevent “unfair methods of competition”
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Types of Agencies Executive Agencies Officers are appointed and removed at the discretion of the President Defense Department NSA; Joint Chiefs of Staff; Air Force; Navy; Army; etc… Treasury Department IRS; US Mint; etc… State Department Foreign Service; etc… Independent Regulatory Agencies Officers are appointed for a fixed time and cannot be removed except for “just cause” Federal Trade Commission Securities and Exchange Commission Equal Employment Opportunity Commission Environmental Protection Agency National Labor Relations Board
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This note was uploaded on 08/22/2011 for the course FIN 3055 taught by Professor Cgiles during the Spring '08 term at Virginia Tech.

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Spring 2010 Business Law and the Legal Environment - Week...

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