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bule 303

bule 303

Description

School: George Mason University
Department: OTHER
Course: The Legal Environment of Business
Term: Spring 2017
Tags: business and Law
Cost: Free
Name: BULE 303, Week 1 Notes
Description: Notes taken during class for material covered.
Uploaded: 02/02/2017
2 Pages 367 Views 5 Unlocks
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Lecture NotesIf you want to learn more check out What happens to overapplied and underapplied overhead?

Chapter I

Law: Body of rules of conduct with legal force and effect prescribed by the government of a society

  • Function:
  • Provide stability
  • Permit change in an organized and controlled way through courts and/or legislature → (Fed: congress, state: 14 gen assembly and board of supervisors)

  • American legal system based on english system
  • Common law legal system (US, England)
  • Civil law legal system (many countries in Europe, Asia, etc)

  • Civil law systems are much more comprehensive, they lay out everything and are much less open to interpretation
  • Common law statutes are much more open to interpretation and application by the courts

  • Common law
  • Court made law (case law) is important in the U.S.
  • Stare Decisis: to stand on decided cases - follow precedent
  • Important principle in our common law system
  • Principles of prior decisions
  • efficiency , predictability, stability
  • Binding authority or controlling precedents must be followed
  • Precedent
  • Follow precedent
  • Overturn precedent (lower courts cannot overturn higher courts precedent)
  • No precedent
  • Brown vs Board of Education (1954)

We also discuss several other topics like What is osteokinematics?

Chapter 4

Constitution and Business

  • U.S Constitution (1787) established federal form of government - govt powers are shared between national and state governments
  • Important because commerce issues (different forms of currency state law enforcement uncertainty)

Don't forget about the age old question of What are the portable storage devices used in a computer?

  • Separation of powers
  • Legislative
  • Executive
  • judicial

  • Us Constitution
  • Supreme law in the U.S.
  • No fed or state law may conflict
  • Elastic
  • A living document

Don't forget about the age old question of Where can you find the central plateau?
We also discuss several other topics like Where are pollen grains produced?
We also discuss several other topics like Discuss the building blocks of complete sentences.

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