CRIMINAL JUSTICE & CRIMINAL PROCEDURE
A vast amount of crime is either undetected (no one knows)
or unreported (someone knows, but not the police).
Police detain a suspect. Suspect is not free to leave.
Samara Jaclyn Geller
ACCT352: Law & Social Issues in Business
Spring 2017 Exam I
LAW: Body of rules of action or conduct prescribed by controlling authority and having
binding legal force
o To be obeyed and followed by citizens, subject to sanctions or
Typical Outcome of 100 Felony Arrests Brought by Police for Prosecution
Source: Reproduced from Barbara Boland, Paul Mahanna, and Ronald Sones, 1992. The Prosecution of Felony Arrests, 1988.
Washington, D.C.: U.S. Department of Justice, Bureau of Justice
Courts are often called to interpret written contracts after the parties no longer agree on the
specifics of the contractual agreements. Here, interpretation means figuring out what the
parties originally meant by the language they
ARTICLE IV FULL FAITH AND CREDIT
ADMISSION OF NEW STATES
ARTICLE VI DEBTS PRIOR TO UNION ARE
RECOGNIZED AND ASSUMED
BUSINESS ORGANIZATIONS IN THE UNITED STATES
Sole proprietorships and partnerships are creatures of common law rather than statute.
In other words, the courts have recognized proprietorships and partnerships for
centuries, and developed a
Food for Thought:
A Collection of Quotes Concerning Law
Law is a pledge that citizens of a state will do justice to one another.
Aristotle, 322 B.C.E.
"The purpose of law is to prevent the strong always having their way."
Ovid, 25 B.C.E.
COURTS AND JURISDICTION
The right to "speak the law".
To hear a case, a court must have two types of jurisdiction:
1. Jurisdiction over the Subject Matter (the legal issues involved in the dispute)
2. Jurisdiction over
WHAT IS A PROMISE?
AN ASSURANCE THAT
ONE WILL OR WILL NOT DO SOMETHING.
WHAT IS A CONTRACT?
AN AGREEMENT BASED ON A PROMISE(S)
THAT CAN BE ENFORCED BY LAW.
CAN A "NAKED" PROMISE
BE ENFORCED IN COURT?
TWO FUNDAMENTAL CONTRACT PRINCIPL
U. S. Constitutional Law
The United States Constitution has 4,440 words. It is the oldest and shortest written constitution
of any government in the world today. In May 1787, the Constitutional Convention opened in
DOUBLE TAXATION OF CORPORATE INCOME
There is much discussion about the double taxation of corporations. Heres how it
Gross Corporate Income
- Allowable Deductions
= Taxable Corporate Income
- Income Taxes
= Net Corporate Profit
Directors may decide
Samara Jaclyn Geller
ACCT352 Spring 2017
Exam II Study Guide
Intentional Torts & Negligence
Tort: A violation of a duty imposed by the civil law
Criminal case: the wrongful act is a crime.
Civil case: the wrongful act is a tort
An injured party can bri