Running head: INTRODUCTION TO BUSINESS LAW AND ETHICS. Introduction to Business Law and Ethics Susana Silvestri Grand Canyon University BUS-340 October 17‚ 2010 Introduction to Business Law and Ethics Statutory interpretation was critical to the Supreme Court of Colorado’s resolution of a 2007 case‚ Pringle v. Valdez. Using an online source or sources‚ locate the Pringle decision. Then do the following: 1. Read Justice Bender’s majority opinion and prepare a case brief of
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1. Definition of Law As defined by Steven J. Skinner and John M. Lvanncevich‚ A law is a standard or rule established by a society to govern the behavior of its members. Federal‚ state‚ and local governments‚ constitutions‚ and treaties all establish laws. Laws have a direct and substantial impact on how business firms conduct various activities. Law‚ as it is‚ is the command of the Sovereign. It means‚ law has its source in sovereign authority; which is accompanied by sanctions‚ and the
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transforming how we do business‚ how we think and plan about doing business‚ and what business we actually do‚ especially international business. The dynamics of this historic process‚ especially in its pervasive economic dimensions‚ continue to spread and deepen the interdependencies linking societies‚ economies and regions. It is today almost impossible to find any country that is untouched by cross-border flows of commerce‚ investment‚ people‚ ideas and images. “Business law” is practiced at the
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often go above and beyond the laws set in place by government. Just like individuals‚ a business entity chooses a standard of moral behavior to uphold. A difficult task to undertake‚ considering businesses are comprised of people with varying behavioral standards‚ but a necessary one nonetheless. Businesses are required to act with a moral minimum‚ defined as the minimum degree of ethical behavior expected of a business‚ or more specifically‚ compliance with the law . Most businesses go above this
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Legal organization of business A corporation is a business or organization formed by a group of people‚ who are known as shareholders‚ with the sole purpose of making profits. A corporation is its own legal entity‚ meaning that it has its own juridical personality. It has many of the some rights and obligations that and individual would have‚ such as the competency to buy and sell property; enter into leases and contracts; and can sue or be sued‚ essentially‚ it can be prosecuted and punished if
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Legal Issues in Management Final Case Study Christine Stout Southern Oregon University Business law – case study The case study of John and Stacey has so many complicated elements that apparently all the stakeholders involved apart from the two mentioned could sue or be sued against. This paper assumes that this is the scenario for this paper. The characters involved are John and Stacy‚ a restaurant owner‚ the owner of a townhouse‚ the owner of the mink on which John tripped and subsequently
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CB561 Business Law Module Guide Campus: Medway Campus Terms: Autumn and Spring Level: 2/3 Credit: 30 Assessment: 70% Exam; 30% Coursework Convenor: Mrs Sue Tarrant Contact Hours 40 hours of lectures; 20 hours of seminars (approximately) Method of Assessment 30% coursework (1 timed assignment and 2 written assessments); 70% written examination Synopsis The law affects our lives in many ways. In the business world you will find that‚ amongst other things‚ it impacts on how businesses
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Business Regulations Simulation Law/531 Business Regulation Simulation When conducting business whether it is local and global‚ big or small organizations have to abide by state and federal laws. Depending on the nature of the business different organization has to comply with certain laws and regulations. For example‚ retailers like Wal-Mart‚ Target and Kroger have to comply with the Department of Labor and a manufacturing company like LM Fiberglass and Toyota would
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Question TWO What is a "Breach of Contract"? A business contract creates certain obligations that are to be fulfilled by the people or companies who entered into the agreement. In the eyes of the law‚ a party’s failure to fulfil an end of the bargain under a contract is known as a "breach" of the contract. Depending on the specifics of the contract‚ a breach can occur when a party fails to perform on time‚ does not perform in accordance with the terms of the agreement‚ or does not perform at all
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to advise The William Smith Company with respect to its business development matters. In consideration of the mutual benefits contained in this document‚ the following will set forth our agreement: 1. Capital Edge shall be The William Smith Company’s business consultant throughout the Term (as defined below) and when reasonably requested by The William Smith Company during the Term‚ Capital Edge agrees to advise William Smith Company in connection with its business. Capital Edge shall only be required to provide reasonable advisory
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