INTRODUCTION TO LAW AND LEGAL REASONING Law – provides stability‚ predictability‚ and continuity. LAW IS AN (1. SET OF RULES) that (2. COURTS WILL ENFORCE)—and AMERICA’S FIRST LAW SYSTEM USED IS COMMON LAW/ ANGLO-AMERICAN COMMON LAW DEAN’S LIST 1. CONSTITUTION (+ CHARTERS) 2. STATUTES (+ ORDINANCES) 3. TREATIES 4. CASE LAW / PRECEDENTS / STARE DECISES 5. EXECUTIVE ORDERS 6. ADMINISTRATIVE RULES + REGULATIONS 7. CONTRACTS 8. INITIATIVE (+ RECALL) 9. REFERENDUM 10. COMMON LAW “ANGLO AMERICAN
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Business Law in Accounting Melissa Randall Business Law I / 421 Professor Deborah Gronet March 16‚ 2009 Business Law in Accounting Accounting is the system of recording‚ reporting and verifying financial information for individuals and businesses‚ including income‚ expenses‚ value of assets‚ and so on. However‚ Business Law I‚ takes what is normally known of accounting and moves into another arena‚ one which includes civil and criminal liabilities‚ contract law‚ ethics and the Sarbanes-Oxley
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Overview It’s not a surprise when the Lululemon Athletica’s founder Chip Wilson got his inspiration from a commercial yoga class he took in Vancouver. Having past experience in surfing‚ skating and snowboarding business‚ Chip figured out that the experience of post- yoga rush is somewhat familiar to that of surfing and snowboarding‚ and believed yoga would become popular again. At that time‚ yoga practicers performed excercises in cotton clothing and it was proven not to be suitable as the fabric
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defined as a legally binding agreement or‚ in the words of Sir Frederick Pollock: ‘A promise or set of promises which the law will enforce’. However‚ not all promises or agreements give rise to contracts. According to the case study‚ Andrew‚ who works as a salesman at Wholesome Vegetables Ltd‚ offering to sell Ben 100 bags of potatoes at £10 per bag. At first Ben accepted Andrew’s offer but when he heard the news about a slump in the price of potatoes which has fallen to £7 per bag‚ he refuses to accept
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agree that just because a law is legal it may not be ethical or moral. Many laws exist based on societal norms that are legal‚ such as slavery‚ bribery (in some countries)‚ or the lack of oversight in some communities that can be harmful‚ and these examples would prevent me from engaging in such activities. • Do you agree with John Maxwell that the only ethical guideline you need for business ethics is the Golden Rule? How does Gill react to Maxwell’s view of business ethics? A: I don’t agree with
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Kit Kat: Revitalising a Brand Leader A Nestlé case study Page 1: Introduction All products have a life-cycle. It starts with preparations for the product ’s launch‚ followed by the launch itself. Some products are an immediate success; they capture public imagination. Often this results from well targeted‚ exciting promotional and advertising activity and from careful market research that has identified a genuine gap in the market. Other products take longer to come to consumers ’ attention‚ and
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Case Study The Notorious Business Professor As the Dean of a business school‚ you are faced with a young business school professor who is affecting the department. He is competing for tenure and you will need to make this decision in the near future. He has several positive and negative characteristics that you need to weigh in making a tenure decision; you are scheduled to meet with him about how he can improve his chances of being granted tenure. This case can be used to illustrate the components
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Protection Dealing with government regulation in business is an integral part of a manager’s responsibilities. Recognizing what actions might violate particular consumer protection regulations is crucial to protecting the company and to insuring its profitable operation. Government regulation is found every day in the operation of businesses large and small‚ and once understood‚ it allows managers to make good decisions regarding business practices. When you have completed this topic‚ you will
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Law And Business Decisions Mustafa Q. Faisal Southern New Hampshire University Jan. 2015 Abstract In this paper‚ I will illustrate the impact of employment law on the business decisions‚ and how the employment law prevents the business owners and managers to make decisions inside the organization regarding the hiring‚ payment‚ promotion‚ and layoff based on the race‚ sex‚ religion‚ and age. I’ll discuss the impact of the government policies on the location decisions of businesses‚ and how the
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Introduction to Business Law- Assignment 1B Advise TLC Ltd. as to any possible action they may have for misrepresentation against answer Ltd. _____________________________________________________________________ Treitel in The Law of Contract (2003) defines a contract as: “An agreement giving rise to obligations which are enforced or recognised by law. The factor which distinguishes contractual from other legal obligations is that they are based on the agreement of the contracting
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