Business Law
Chapter
1
THE NATURE
AND
SOURCES
OF
LAW
A. Nature of Law and Legal Rights
1. LEGAL RIGHTS 2. INDIVIDUAL RIGHTS 3. THE RIGHT OF PRIVACY 4. PRIVACY AND TECHNOLOGY
B. Sources of Law C. Uniform State Laws D. Classifications of Law
Copyright 2010 Cengage Learning, Inc. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.
Licensed to: iChapters User
4 Part 1 The Legal and Social Environment of Business
law – the order or pattern of rules that society establishes to govern the conduct of individuals and the relationships among them.
hy have law? If you have ever been stuck in a traffic jam or jostled in a crowd leaving a stadium, you have observed the need for order to keep those involved moving in an efficient and safe manner. The interruptions and damages from Internet viruses demonstrate the need for rules and order in this era of new technology. When our interactions are not orderly, whether at our concerts or through our e-mail, all of us and our rights are affected. The order or pattern of rules that society uses to govern the conduct of individuals and their relationships is called law. Law keeps society running smoothly and efficiently.
W
A. NATURE
OF
LAW
AND
LEGAL RIGHTS
Law consists of the body of principles that govern conduct and that can be enforced in courts or by administrative agencies. The law could also be described as a collection or bundle of rights.
1. Legal Rights right – legal capacity to require another person to perform or refrain from an action. duty – an obligation of law imposed on a person to perform or refrain from performing a certain act.
A right is a legal capacity to require another person to perform or refrain from performing an act. Our rights flow from the U.S. Constitution, state constitutions, federal and state statutes, and ordinances at the local levels, including cities, counties, and boroughs. Within these sources of rights are also duties. A duty is an obligation of law
1
THE NATURE
AND
SOURCES
OF
LAW
A. Nature of Law and Legal Rights
1. LEGAL RIGHTS 2. INDIVIDUAL RIGHTS 3. THE RIGHT OF PRIVACY 4. PRIVACY AND TECHNOLOGY
B. Sources of Law C. Uniform State Laws D. Classifications of Law
Copyright 2010 Cengage Learning, Inc. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.
Licensed to: iChapters User
4 Part 1 The Legal and Social Environment of Business
law – the order or pattern of rules that society establishes to govern the conduct of individuals and the relationships among them.
hy have law? If you have ever been stuck in a traffic jam or jostled in a crowd leaving a stadium, you have observed the need for order to keep those involved moving in an efficient and safe manner. The interruptions and damages from Internet viruses demonstrate the need for rules and order in this era of new technology. When our interactions are not orderly, whether at our concerts or through our e-mail, all of us and our rights are affected. The order or pattern of rules that society uses to govern the conduct of individuals and their relationships is called law. Law keeps society running smoothly and efficiently.
W
A. NATURE
OF
LAW
AND
LEGAL RIGHTS
Law consists of the body of principles that govern conduct and that can be enforced in courts or by administrative agencies. The law could also be described as a collection or bundle of rights.
1. Legal Rights right – legal capacity to require another person to perform or refrain from an action. duty – an obligation of law imposed on a person to perform or refrain from performing a certain act.
A right is a legal capacity to require another person to perform or refrain from performing an act. Our rights flow from the U.S. Constitution, state constitutions, federal and state statutes, and ordinances at the local levels, including cities, counties, and boroughs. Within these sources of rights are also duties. A duty is an obligation of law