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Ethical-Legal Environment of Business- Study Guide for Exam1

by: Noor

Ethical-Legal Environment of Business- Study Guide for Exam1 BUSN 6297

Marketplace > University of California - Los Angeles > Business Law > BUSN 6297 > Ethical Legal Environment of Business Study Guide for Exam1


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About this Document

Important titles for exam 1- Study Guide Ch. 1, 2, 3, 4, 9, 10, 11
Legal and Ethical Environment of Business
Study Guide
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This 4 page Study Guide was uploaded by Noor on Tuesday October 4, 2016. The Study Guide belongs to BUSN 6297 at University of California - Los Angeles taught by in Fall 2016. Since its upload, it has received 7 views. For similar materials see Legal and Ethical Environment of Business in Business Law at University of California - Los Angeles.


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Date Created: 10/04/16
Study guide for Exam 1 The highlighted terms at the end of the chapters are important. Some guides.. Chapter 1: Law and Legal Reasoning. Ethics and Business Decision making. Areas of the Law That MayAffect Business Decision Making. Constitutional Law. Statutory Law. Uniform Laws. Chapter 2: The court System. The Origins of Judicial Review in the United States. Jurisdiction. The State Court Systems. Judicial Procedures: Following a case. Stages of Litigation. Chapter3: Negotiation Mediation Arbitration Clauses International Treaties andArbitration Online Dispute Resolution Chapter 4: The Importance of Ethics in Making Business Decisions : 1. The legal implications of each decision. 
 2. The public relations impact. 
 3. The safety risks for consumers and employees. 
 4. The financial implications. 
 The Relationship of Law and Ethics The Use of Social Media to Discuss Work-Related Issues Hiring Procedures Ethics in Reverse Duty-Based Ethics Ethical Principals and Philosophies Outcome-Based Ethics: Utilitarianism Corporate Social Responsibilities Making Ethical Business Decisions The Importance of Ethical Leadership Global Business Ethics Chapter 9: Contract Law Sources of Contract Law The Objective Theory of Contracts The types of contracts Contract performance Agreement Requirements of the offer Termination of the offer E-Contracts Chapter 10: Voluntary Consent Unilateral mistakes of facts Fraudulent Misrepresentation Discharge by performance Performance conditions Discharge by agreement Types of damages: 1. Compensatory (to cover direct losses and costs). 
 2. Consequential (to cover indirect and foreseeable 
 3. Punitive (to punish and deter wrongdoing). 
 4. Nominal (to recognize wrongdoing when no 
 monetary loss is shown). 
 Chapter 11: The scope of articles Sales and Leases The formation of sales and leases contracts Considerations The statute of fraud Unconscionability Risk of loss Insurable interest Overall important titles: Stare Decisis Natural Law Jurisprudence Court of equity Court of law Dissenting opinions Court system Ethics principles Complaints Answers Discovery Alternative Dispute resolution types Pretrial motions Jurisdiction, personal and subject matter Appeal and writ of certioraris Contract Creation Elements of Contract – offer, acceptance, consideration, etc Contract performance and remedies


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