"Legal underpinnings of business law" Essays and Research Papers

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    civil law legal system

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    Civil Law Civil law tradition is the oldest and the widest distributed legal system dating back to 450 BC in its origin. Even though it is the oldest of all the legal system. The Civil law took exponentially longer to develop than the Common law. The genesis of which was swift in comparison. 450BC is designated as beginning of development of Civil law because this is the year of 12 tablets. The first written law and rudimentary (Fundamental) system of dispute resolution in ancient Rome. The next

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    Charles Dong LBS Prof Calderon Legal Assignment Two Enforceability of the Pet Clause in the Lease Rafi should have the right to keep Roscoe in his apartment because his landlord cannot enforce the pet clause of the lease based on the given facts. On one hand‚ the bilateral mistake in the contract invalidates the lease‚ and therefore the pet clause is no longer enforceable. Also‚ the doctrine of promissory estoppel can be used to help Rafi not only keep his dog in the apartment but also

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    Legal Law Reform Essay

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    the Australian domestic legal systems have both been effective in responding to the need for law reform in modern society. There are four key conditions that have been identified as influencing the need for change to law. Both the parliament through statute law and the courts through common law have important roles to play in bringing about effective change. One important condition that gives rise to law reform is the changing of social values. This means reforming laws to suit the changes in society

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    Any Kind Checks Cashed‚ Inc. v. Talcott it was crucial to determine whether holder of the instrument acted in good faith and fair dealing‚ as is required to have status of holder in due course. The definition of “good faith” is found in Commercial Law Article § 3-103(a)(4): “Good faith’ means honesty in fact and the observance of reasonable commercial standards of fair dealing.” The court upheld a trial court finding’s that Any Kind had not acted in good faith in cashing a check for $10‚000 but

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    registered under the law (if any) for the time being in force for the registration of such documents‚ and is made on account of natural love and affection between parties standing in a near relation to each other. In other words‚ an agreement made on account of natural love and affection is binding if the following requirements are present: It is expressed in writing; It is registered (if applicable); and The parties stand in a near relation to each other --- Tan Soh Sim‚ Chan Law Keong & Ors v

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    takes longer and cost more because the arbitrator needs time to hear from both parties‚ analyze facts‚ examine evidence and determine a ruling that is legally binding. Usually parties who decide to use the mediation process will continue to conduct business with each other; typically parties who use arbitration

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    Legal moralism is the view that the criminal law is basically allowed to enforce the moral law. In other words anything that is wrong can be a proper subject of criminal law. If something is wrong it can be criminalized. That’s a very broad view point but that is why legal moralists prefer this view point. Problems can arise when trying to be a legal moralist in a pluralistic kind of society. With the clash of different cultures and religions. Different kinds of groups will have different ideas

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    Resolving Ethical Business Challenges Chapter One 1. What are the potential ethical issues faced by Acme Corporation? Acme is essentially bribing buyers to purchase their products. This could backfire on them if the buyers company gets wind of it. The reaction of the company may be to fire their buyer and cut off Acme all together. This of course could be potentially fatal for Acme in two ways‚ one by damaging their infrastructure though lost revenue and two by damaging their corporate

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    COMMON LAW AS A LEGAL SYSTEM Common Law and Civil Law When defined in this way the term ¡§common law¡¨ is used to refer to a type of legal system called the common law legal system. The legal systems of various countries are modeled on the English legal system and these countries are said to have a ¡§common law legal system¡¨. This includes most of the British Commonwealth and the United States. The common law legal system involves such matters as trial by jury‚ presumption of innocence etc

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    Insurance is a means for persons and businesses to protect themselves against the risk of loss. An individual who purchases automobile insurance may be reimbursed by the insurer if his or her car is stolen. Insurance is crucial to personal‚ business‚ and estate planning. Insurance is defined as a contract whereby one party undertakes to identify another against loss‚ damage or liability arising from an unknown event. It is a means of transferring and distributing risk of loss. The risk of loss

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