Business Law Notes Beginning 1

Business Law Notes Beginning 1 -...

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Business Law Notes Beginning 1/6/11 13/01/2011 12:01:00 Classifications (types) of Law K (Contacts) – Contract Law Torts – Personal Injury – (slipping in Kmart) Criminal Law – Committing a crime Employment Law – laws that govern employment relationships - combination of  Common/Statory Law Cyber Law - Statutes Constitutional Law –  Family Law –  Domestic Violence - There are two places that laws come from – Common Law vs. Statutory Law Common Law “Judge-made Law”   Case Law o Early parts came from Common Law o Contract Law comes Common Law (judges have created them) Statutory Law   Statutes  o They create statutes that become law o Most criminal law is based on statutes Tort law is primarily Common Law -Personal Injury SOURCES OF LAW  Criminal v. Civil
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Civil case -  the individual vs another individual   dispute between parties Plaintiff                         vs                           Defendant The person that initiates the law suit     Defending against those allegations Class action law suit is when you have multiple plaintiffs When dealing with a crime the plaintiff is the State of North Carolina (the state is always  the plaintiff. Administrative Law – dealing with administrative agencies – IRS, FAA, EPA Small subsidiaries of the government that create their own law Treatises – laws that govern agreements between different nations Different branches of Government   checks and balances system Executive - Pres Legislative - Congress Judicial - Courts Homework Read Chapters 1-3 focus on Pub Zone Notes Three important ideas about Law 1) Power 2) Importance 3) Fascination
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Iroquois played a major role in the creation of our government They solved the problem of federalism – have two levels, each with specific  powers Alexis de Toqueville (French aristocrat) – noticed that everything is turned into a  legal matter in the US.  In truth there is no such thing as the law (p. 5) because it can hardly be defined We inherited our complex system of laws from England. England – divided in to Shires (kinda like counties or territories) – daily  administration was carried out by a “shire reeve” – became sheriff. Held 2 to 3  times a year – court. o
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This note was uploaded on 10/22/2011 for the course ACCT 3551 taught by Professor Brown during the Spring '11 term at UNC.

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Business Law Notes Beginning 1 -...

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