Exam for Business Law 84 questions Jurisdiction –the power to hear and decide a case. Has multiple dimensions. Appellate jurisdiction – the authority of a court to review a prior decision in the same case but made by another court Original jurisdiction – the authority of a court to hear and decide a dispute in the first instance Trial courts Supreme court of the US is in some instances an original jurisdiction court Treaties is an example of when supreme court Personal jurisdiction – inpersonam
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third scenario is a breach of contract and/or promissory estopple between Tom Green and Harry. The fourth scenario is regarding an e-commerce contract between George and Grocery‚ Inc. Looking at the scenarios that have been presented there are many legal issues that must be addressed. Sub-Contract Grocery‚ Inc contracted with Masterpiece Construction to renovate the store on Main Street in My Town (Cooper‚ 2009). Masterpiece Construction increased its workload during the period covering the promised
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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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Chapter one Business Law Law is a set of rules‚ enforceable by the courts‚ which regulate the government of the state and governs the relationship between the state and its citizens and between one citizen and another. There are various ways in which the law may be classified; the most important are: * Public and private law * A) Public law is concerned with the relationship between the state and its citizens. Specialised areas are: 1. Constitutional law is concerned with the workings
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Corporation Statement of Facts: Sandra Seller wants to form a corporation. She has a thriving business in which she buys cheap jewelry and then re-sells it at her store at a substantial profit. She needs some extra cash right now to buy a new store and she does not want to risk her personal assets by taking out a loan. Therefore‚ Sandra has decided to form a corporation. Sandra would like to sell shares of her business to anybody who is willing to invest in her company‚ but she wants to limit the total number
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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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Introduction Acts of Parliament (or statutes) are the form of primary legislation that is the law enacted by the Queen in Parliament (Keenan‚ Riches and Allen 2011‚ p. 15). In addition‚ legislation is one of the main sources of English law today. This essay is mainly about basic knowledge of primary legislation and my understanding of its superiority and limitations. This essay will introduce how an Act of Parliament is created‚ followed by disclosing the reasons. Next‚ it will explore the advantages
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Team Reflection Week Five Objectives Law/531 Team Reflection Week Five Objectives Our team learned this week how to differentiate between types of discriminatory issues and knowing the legal considerations linked to it. This knowledge proved to be beneficial in the team’s decision on how to tackle option one of this week’s team reflection exercise. As a senior manager of a prominent security company‚ it is important that I look
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pre-existing contractual duties. Finally a discussion about part payment of debt and promissory estoppel will be explained. Likewise‚ this essay will evaluate the knowledge of common law and agency relationship. QUESTION 1 a) Four essential elements of a contract should be Offer‚ Acceptance‚ Intention to create legal relations and Consideration. Firstly‚ offer‚ according to Adams(2012)‚ is a full and clear statement of the terms”(p79) send to a party(the offeree) by another party(the offeror). Otherwise
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Law Business Law. . March 21‚ 2005 Every year business and individuals file for bankruptcy it has almost become common practice to do so. Bankruptcy is a legal procedure that begins when an individual or business that can’t pay their debts to creditors. Sadly enough‚ there were as many bankruptcy cases filed in federal courts‚ as there were all other cases. The American bankruptcy law almost encourages debtors who are unable to pay their debts to file for bankruptcy. Is filing bankruptcy
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