Chapter 1 Law and Legal Reasoning N.B.: TYPE indicates that a question is new‚ modified‚ or unchanged‚ as follows. N + = A question new to this edition of the Test Bank. A question modified from the previous edition of the Test Bank. A question included in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS B1. Laws and government regulations affect almost all business activities. ANSWER: T BUSPROG: Analytic B2. N PAGE: 4 TYPE: AICPA: BB-Legal + The
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regulation in Saudi that has specific implication when settling disputes. It is forbidden in Islamic law by Qur’an when the operation concerned is risky and could result in deceit of one of the parties (http://www.investopedia.com/terms/g/gharar.asp). In this case‚ the U.S could claim that the reparation cost of breaching the contract could be classified as Gharar as it is specific to Islamic law: Saudi being an Islamic country with applicable jurisdiction‚ the US could claim gharar as the cost of
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ADMINISTRATIVE LAW ASSIGNMENT – I RULE OF LAW IN INDIA ARUSHI LOHIA R.NO – 013 DIVISION – A E-MAIL – Arushi.lohia@symlaw.ac.in Rule of Law Aristotle said two thousand years ago‚ “The rule of law is better than that of any individuals”. The rule of law is a system of rules and rights that enables fair functioning of the societies. The World Justice Project‚ an initiative of the United Nations defines this system as one in which the following four principles are upheld1: 1. The Government and
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Monism and dualism in international law From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search The terms monism and dualism are used to describe two different theories of the relationship between international law and national law. Contents[hide] * 1 Monism * 2 Dualism * 3 Examples * 4 A matter of national legal tradition * 5 The problem of “lex posterior” * 6 References | [edit] Monism Monists assume that the internal and international legal systems form a unity. Both
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properly. Therefore‚ this essay will first provide information about the definition and appointment of director in Vietnamese and Australian’s company law‚ and then give a comparison to identify the pros and cons in both countries’ policy. Firstly‚ there are two different definitions of director in the law of VN and Australia. According to Vietnamese Law on enterprises‚ in general‚ the director or general director of the company is ”the person who manages the day-to-day business operation of the company
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Law 12 2012/2013 Criminal Quiz Summary Notes CRIMINAL LAW I know it’s illegal‚ but is it a crime? Many things are illegal: jay-walking‚ speeding‚ or setting up a clothes line outside to dry your laundry (in West Vancouver)‚ but they aren’t necessarily crimes. What then makes something a crime? Criminal Law Criminal law deals with offences committed against society (often these appear to be against individuals). The purpose of criminal law is to keep order in society and deter the committing
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Legal Environment of Business Class Notes 8/19/13 2 Branches of Law Civil vs. Criminal Civil Criminal Burden of Proof (quantum/amount of evidence) b.o.p is on plaintiff who initiates a civil action (51% preponderance of evidence - over 50% of the believable evidence is in the plaintiff’s favor) **Can have both Civil and Criminal in a trial burden of proving the defendant’s guilt is on the prosecution‚ and they must establish that fact beyond a reasonable doubt Remedies
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The Role of Law LAW/421 August 6‚ 2012 Michael S. Green The Role of Law Laws are “the body of rules or principles‚ prescribed by authority or established by custom‚ that a state‚ community‚ society‚ or other group recognizes as binding on its members” (Ferguson Publishing‚ 1999‚ p. 105). The purposes of laws are to maintain peace and order‚ to define the rights of citizens‚ to secure justice‚ to harmonize conflicting interests‚ and to provide means for punishing wrongdoers. Laws are applied
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3. Contract Law “Is My Agreement an Enforceable Contract?” The Law of Contract involves answering 4 questions: (1) Is my agreement an enforceable contract? Are all of the elements of a contract present. (2) If so‚ what does it require me (and the other party) to do? - What “promises” have become terms of the contract. (3) Can I get out of it (without paying some form of penalty)? - Was the formation of the contract defective in some way (ie were there any ‘vitiating elements’ present)
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The Difference between Written and Unwritten Constitution are as follows: Written Constitution: Written constitution is one which is found in one or more than one legal documents duly enacted in the form of laws. It is precise‚ definite and systematic. It is the result of the conscious and deliberate efforts of the people. It is framed by a representative body duly elected by the people at a particular period in history. It is always promulgated on a specific date in history. The Constitution
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