Business Law and ethics Subject: The objective of this report is to highlight the importance and need of ethics‚ ethical leadership and organisation behaviour. The report is based on the speech of Michael Hackworth. Leadership in fairness and honesty makes good business sense. Organisation behaviours‚ culture‚ values‚ management style and ethics‚ all of them make a combination on which company success and failure depends. Every company in the world start by stating the mission‚ objectives
Premium Leadership Ethics Business ethics
Question 1 | | 1 / 1 point | Law is a body of enforceable rules governing relationships among individuals and between individuals and their society. | True | | False | View Feedback | | Correct. | Question 2 | | 1 / 1 point | The doctrine ofstare decisis obligates judges to follow precedents established within their jurisdictions. | True | | False | View Feedback | | Correct. | Question 3 | | 1 / 1 point | Common law develops from rules of law announced in court decisions
Premium Law Common law Stare decisis
suffice to displace the provision that they are entitled to share equally. 4. Hence‚ Morrissey would most likely be awarded 1/5 of the capital as the provision was displaced by the understanding that Morrissey was to have a 1/5 share of the business should dissolution be ordered. Did Morrissey have authority to bind firm‚ making Smiths liable for losses caused by the power outage at Manchester Meat(“MM”) and damage to the air-conditioning? Actual Authority 5. Actual authority may be
Premium Partnership
Business Law I Assignment 3 Spring Term B BU 206-8A Instructor Problem 8-1 page 232 1). Consideration. Daniel‚ a recent college graduate‚ is on his way home for the Christmas holidays from his new job. He gets caught in a snowstorm and is taken in by an elderly couple‚ who provide him with food and shelter. After the snowplows have cleared the road‚ Daniel proceeds home. Daniel’s father‚ Fred‚ is most appreciative of the elderly couple’s action and in a letter promises to pay them $500
Premium Contract
Luis Armendia October 3‚ 2004 BUSINESS LAW UNIT ONE AND TWO QUESTIONS 1-4. Which source of law takes priority in the following situations‚ and why? a) A federal statute conflicts with the U.S. Constitution. A. CONSTITUTONAL LAW. Article VI‚ the Constitution is the supreme law; a law in violation of the Constitution will be declared unconstitutional and won’t be enforced. b) A federal statute conflicts with a state constitutional provision. A. STATUTORY LAW. A federal statute applies to all
Premium United States Constitution Law Constitution
Business Law – Complete Notes from Benjamin Wolfson Class taken Spring 2008 Quiz questions at end of document What is Law: Law is a set of rules for the peaceful resolution of disputes. (*better/more useful than book definition) It is impossible to set up a system that always resolves conflict. -The phrase “law exists to protect our rights” is incorrect‚ because law gives us our rights. Without the law‚ we would not have them. [ryan] we always want disputes resolved peacefully.
Premium Law Common law Jurisdiction
Business Law Tutorial 11 1. [ Refer notes - creation of agency ] 2. [ Refer notes - Duties of Agent to Principal ] 3. [ Refer notes - Duties of Principal to his Agent ] 4. 4 remedies available: Principal may repudiate the contract - Section 168 Contracts Act‚ 1950 Principal may recover the bribe from agent - Section 169 Contracts Act‚ 1950 Principal may refuse to pay commission to Agent Principal may dismiss agent for breach of duty 5. [ Refer notes - Termination
Premium Breach of contract Contract law Contract
Applied Business Law – 27 Individual Work 1 Jessica Gaskins You are an employee at a nice paper mill and want to impress the boss by burning the midnight oil (but not too close to the wood pulp). For four consecutive weeks‚ you work forty-five‚ forty-two‚ thirty-nine‚ and thirty-one hours. If you are a nonexempt employee covered by the Fair Labor Standards Act‚ how many hours of overtime pay‚ if any‚ would you be entitled to? What would be the rate? The Fair Labor Standards Act of 1938 is
Premium Employment Fair Labor Standards Act
Contract By definition under Sec 2(h) Contract Act 1950‚ “an agreement enforceable by law is a contract”. A contract is a promise or agreement between two or more parties that is enforced by law to be legally binding. It may involve a duty to do or refrain from doing something‚ and the failure to perform such duty is a breach of contract. The role of law in a contract is not to punish the breaching party but to provide remedies to restore the person wronged to the position they ought to occupy if
Premium Contract
UNIVERSITY OF TECHNOLOGY‚ JAMAICA SCHOOL OF BUSINESS ADMINISTRATION BUSINESS LAW LAW OF CONTRACT TUTORIAL SHEET 1. On the first of January‚ David telephoned Donavan and offered to sell his car to him for $100.00. The offer was to remain until the 8th of January. That same evening‚ Donavan saw David in the bar and gave him a hundred dollar bill. He said to David: “I really appreciate you keeping the offer open until I can raise the money. Here’s a beer money for your trouble”
Premium Contract Advertising