New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here


by: Tara Heuple

B-LawChapter1.pdf B_Law 210

Marketplace > Business > B_Law 210 > B LawChapter1 pdf
Tara Heuple
GPA 2.8
Business Law
Janice Smith-Hill

Almost Ready


These notes were just uploaded, and will be ready to view shortly.

Purchase these notes here, or revisit this page.

Either way, we'll remind you when they're ready :)

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

Law and Legal Reasoning
Business Law
Janice Smith-Hill
Class Notes
25 ?




Popular in Business Law

Popular in Business

This 3 page Class Notes was uploaded by Tara Heuple on Thursday February 12, 2015. The Class Notes belongs to B_Law 210 at a university taught by Janice Smith-Hill in Fall. Since its upload, it has received 54 views.


Reviews for B-LawChapter1.pdf


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 02/12/15
Thursday March 5 y Business Law Chapter 1 Law and Legal Reasoning Business Activities and the Legal Environment KnOWledge 01 black letter is not enough Business now assumes an ethical dimension Many different laws may affect a single business transaction Ethics and business decision making The study and philosophy of law Business decision making has to do with contracts sales negotiable instruments creditor rights intellectual property internet law social media and privacy product liability torts agency business organizations environmental law and sustainability and courts and court procedures Sources of American Law Constitutional Law Statutory Law is the ordinances uniform laws and uniform commercial code The Revised Code of Washington RCW Administrative Law is the federal agencies and state and local agencies Case Law and Common Law doctrines Case Law governs all areas of the law not covered by statutory or administrative law The Common Law Tradition Early English courts American law is based largely on English common law which was based largely on traditions social customs rules and cases dating back to 1066 AD Friday February 13 y At common law there were two separate court systems One was the Courts of Law that dealt with awarding money damages and the other one is Courts of Equity that was based 0 notions of justice and fair dealing Courts of Law and Remedies at Law were also called king s courts and the judges were appointed by the king The remedies were limited to those provided at the law These included land chattels money and women The Courts of Equity and Remedies in Equity were administered by chancellors appointed by the king The equitable remedies included specific performance injunctions and recessions Recession is when you go to court and have a contract and explain that the contract is bad and YOU Calrl t preform based on it They want to re due it but they do it through the court so it is legal Equitable Maxims are sayings and principles that are based on fair justices on operation Doctrine of Laches is meaning that the people in the case have to be worried about time limits YOU can t bring a document after its time constraint The respondent is the defendant and the petitioner is the plaintiff This is the one who brings the case Statue of Limitations Equitable Maxims Whoever seeks equity must do equity which means that if you want to be treated fairly you have to treat others fairly Where there is equal equity the law must prevail which means that the law will determine the outcome One seeking aid of an equity court must come with clean hands which means that YOU Calrl t accuse someone of something if you are in the wrong as well Maxims is something that you live by Thursday March 5 y Doctrine of Stare Decisis Stare Decisis means that you are standing on a decided cases which is a judge made law Each decision becomes a legal precedent Cases are now published in national and regional reporters


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Kyle Maynard Purdue

"When you're taking detailed notes and trying to help everyone else out in the class, it really helps you learn and understand the I made $280 on my first study guide!"

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."


"Their 'Elite Notetakers' are making over $1,200/month in sales by creating high quality content that helps their classmates in a time of need."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.