Business Law Notes
Chapter 8: Crimes
We have crimes because we have criminal statutes, we have statutes to control peoples
Laws mainly come from morals. Why is it bad?
Two main categories
o Misdemeanor a defense that is punishable by one year in
B-Law Notes Test 3
Chapter 12: Nature and Classes of Contracts: Contracting on the Internet
Uniform commercial code controls this part of the law.
Nature of Contract
o We care because in commerce every single thing comes from a contract.
Everything we do
Chapter 21: Personal Property and Bailments
o Personal Property in Context
Real Property land and all rights in land.
Personal Property property that is movable or intangible, or rights in
There will most likely be a Bill
Jurisdiction courts authority to hear a case. Federal court system only hears certain
types of cases.
o Parties are judge, maybe a jury, plaintiff, and the defendant. The judge job is to
act like a ref. The jury makes