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BLAW 205 Notes

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by: Julia Lines

BLAW 205 Notes BLAW 205

Julia Lines
C of C

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Notes from lectures Jan 20-27
Legal Environment of Business
Dr. John Martin
Class Notes
BLAW205, blaw, business law
25 ?




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"Almost no time left on the clock and my grade on the line. Where else would I go? Julia has the best notes period!"

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This 2 page Class Notes was uploaded by Julia Lines on Thursday January 21, 2016. The Class Notes belongs to BLAW 205 at College of Charleston taught by Dr. John Martin in Spring 2016. Since its upload, it has received 31 views. For similar materials see Legal Environment of Business in Business at College of Charleston.


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Almost no time left on the clock and my grade on the line. Where else would I go? Julia has the best notes period!



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Date Created: 01/21/16
Business Law 205 January 20- 27, 2016 2 Ways of Ethical Thinking: 1. Result Oriented Thinkers/ Teleological Thinkers a. Start at the result and work backwards b. Egoists i. Satisfies self interest ii. Acts morally if it benefits them more c. Utilitarians i. Satisfies a group interest 2. Deontological thinkers a. Act out a sense of duty without regard to result b. Goodwill thinkers i. i.e. boy scouts returning money they found on the street c. Primaficia obligation i. Two duties must be fulfilled but there is conflict between them- you must identify the most important one ii. i.e. In a dangerous situation, do you tell the truth or do you lie in order to prevent harm? Do you attend your daughter’s dance recital or do you go to your son’s soccer game? Scale of Corporate behavior 1. Pure social responsibility a. Good citizens (i.e. Goodwill and the Red Cross- not here to make a profit) 2. Pure profit maximizers a. Push everything to the limit and sometimes cross the line in order to make the greatest profit (i.e. Ponzi schemes)  Businesses should fall in between these two- we want them to be socially responsible while making a profit at the same time (i.e. sponsoring youth sports teams in order to get more business) Constitutional Regulation of Business 1. Federalism a. Delegated powers i. i.e. Federal drinking age b. the US federal government holds power which they can delegate to the state i. i.e. speed limits 2. Separation of Powers/ Checks and Balances a. Legislative branch makes laws, executive branch enforces laws, judicial branch makes sure laws are being enforced fairly- they all balance each other out Constitutional Clauses that Effect Business Business Law 205 January 20- 27, 2016 1. Supremacy Clause a. Preemption Doctrine b. “Federal law is supreme to inconsistent state law” (i.e. If the city of Charleston wanted to change the legal drinking age to 25- state law would win) 2. Commerce Clause a. Congress is given the power to regulate domestic and foreign commerce  Responsibility of the state to regulate health, welfare, safety and morality  States can choose to use selective enforcement where they choose to enforce certain types of laws (i.e. Louisiana chooses to not strictly enforce the drinking age)


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