Fall+2011+Business+Law+and+the+Legal+Environment+-+Week+1

Fall+2011+Business+Law+and+the+Legal+Environment+-+Week+1 -...

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Business Law and the  Legal Environment Week 1 Fall 2011
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Introductions Why are you here? The Book, really? Syllabus…where is it? How is this course different?
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The first thing you think of when you hear any variation of the word law:
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What is the Law? Definitions? Philosophy of Law Legal Positivism (Law is what the sovereign says) Natural Law (An unjust law is no law at all) Legal Realism (Law is what the enforcer wants it to be)
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Quotes No man is above the law and no man is below it: nor do we ask any man's permission when we ask him to obey it. An unjust law is itself a species of violence. Arrest for its breach is more so. …law is often but the tyrant's will, and always so when it violates the rights of the individual.
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In the beginning…
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Common Law v. Civil Code Common Law is the collection of cases and decisions made by judges interpreting a statute or other source of law, which is then relied on by other judges in other cases as Precedent . Stare Decisis =
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This note was uploaded on 08/30/2011 for the course FIN 3055 at Virginia Tech.

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Fall+2011+Business+Law+and+the+Legal+Environment+-+Week+1 -...

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