Independent agency officials cannot be removed

This preview shows page 3 - 7 out of 35 pages.

We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
The Legal Environment of Business: Text and Cases
The document you are viewing contains questions related to this textbook.
Chapter 17 / Exercise 02
The Legal Environment of Business: Text and Cases
Cross/Miller
Expert Verified
president. Independent agency officials cannot be removed without cause) at the federal level, such as the Federal Trade Commission, the securities and exchange commission, and the federal communications commission. The president doesn’t have to much power over these agencies, and the officers cannot be removed without just cause.ii.State and Local Agencies: There are administrative agenciesat the state and local levels too. Usually a state agency (like the state pollution-control agency) is created as a parallel toa federal agency (like the Environmental protection agency).4.Case law and common law doctrines.a.Case laware the rules of law announced in court decisions. Case lawincludes the aggregate of reported cases that interpret judicialprecedents, statutes, regulations, and constitutional provisions.
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
The Legal Environment of Business: Text and Cases
The document you are viewing contains questions related to this textbook.
Chapter 17 / Exercise 02
The Legal Environment of Business: Text and Cases
Cross/Miller
Expert Verified
5.Common Lawa.Common Lawis the body of law developed from custom or judicial decisions in English and U.S. courts, not attributable to a legislature. i.Courts of law and Remedies at Law: Early English king’s could only grant very limited kinds of Remedies.If one person wronged another in some way, the court could award only the following as compensation:1.Land2.Items of value, or3.Money(these remedies were referred to Remedies at law.)a.These courts that awarded the compensation were known as Courts of law.ii.Courts of Equity: When an Individual could not obtain an adequate remedy in a court of law, they petitioned the king for relief. The petitions were decided by the king’s advisor, who was referred to as the Chancellor. Eventually, Courts ofEquitywere established to take over these decisions.iii.Remedies in Equity: A remedy allowed by courts in situations where remedies at law are not appropriate.
Remedies in Equity are based on settled rules of fairness, justice, and honesty, and include injunction, specific performance, rescission and restitution, and reformation.1.Specific performance, involves ordering a party to perform an agreement as promised. 2.Injunction, is an order to a party to cease engaging in a specific activity or to undo some wrong or injury.3.Rescission, is the cancellation of a contractual obligation.iv.Equitable Maxims: Are general propositions or principles of law that have to do with fairness (equity).1.(The last Maximlisted in that exhibit-“Equity aids the vigilant, not those who rest on their rights”- deserves special attention.) This Maximhas became known as the equitable doctrine of Laches.Laches is the equitable doctrine that bars a party’s right to legal action if the party has neglected for an unreasonable length of time to act on his or her rights. This is usually used as a defensein an argument raised by the defendant, to show why the plaintiff should not
obtain the remedy sought.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture