OUtline and Answers

OUtline and Answers - True/False False- In regards to the...

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True/False False- In regards to the Reviewing Ethics and Business Decision Making case at the end of chapter 4, the CEO’s decisions to keep the drug’s potential side effects confidential would clearly meet her fiduciary duties to the company, since those decisions protect the company’s short-run profits. True- The US Constitution’s First Amendment does not protect commercial speech as extensively as noncommercial speech. False- The US federal government generally enforces agreements to arbitrate disputes between private parties. Multiple-Choice Halley, a lawyer on the staff of International Group, applies the utilitarian theory of ethics in business contexts. Utilitarianism focuses on a. moral values. b. religious beliefs. c. the consequences of an action. d. the nature of an action. Home Development Company employs llya to buy property for a future residential development. Ilya secretly buys some of the property and sells it to Home Development at a profit. Ilya has breached a. no duty. b. the duty of accounting. c. the duty of loyalty. d. the duty of notification. Pixie files a suit against Quiver. Before going to trial, the parties meet, with their attorneys to represent them, to present their dispute to a third party who is not a judge but who imposes a legally binding resolution on the parties. This is a. arbitration. b. mediation. c. negotiation. d. not a legitimate form of dispute resolution.
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Chapter 1: Business and Its Legal Environment 1. Schools of Jurisprudential Thought (2) The Natural Law of School The Positivist School The Historical School Legal Realism 2. Business Activities and the Legal Environment (4) Many Different Laws May Affect a Single Business Transaction Ethics and Business Decision Making 3. Sources of American Law (6) Constitutional Law Statutory Law: o Uniform Laws o The Uniform Commercial Code Administrative Law: o Federal Agencies o State and Local Agencies Case Law and Common Law Doctrines 4. The Common Law Tradition (7) Early English Courts: o Courts of Law and Remedies at Law o Equitable Maxims Legal and Equitable Remedies Today The Doctrine of Stare Decisis: o Case Precedents and Case Reporters o Stare Decisis and the Common Law Tradition o A Typical Scenario o Departures from Precedent o When There is No Precedent Stare Decisis and Legal Reasoning: o Basic Steps in Legal Reasoning o Forms of Legal Reasoning: Deductive Reasoning Linear Reasoning Reasoning by Analogy There Is No One “Right” Answer 5. The Common Law Today (13) The Continuing Importance of the Common Law Restatements of the Law 6. Classification of Law (14) Civil Law and Criminal Law Cyberlaw
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7. How to Find Primary Sources of Law (15)
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OUtline and Answers - True/False False- In regards to the...

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