Laws are an intrinsic part of our lives and are necessary for the common good and welfare of society. Black’s Law Dictionary‚ as quoted by Melvin (2012)‚ defines law as a “body of rules of action or conduct prescribed by controlling authority‚ and having legal binding force.” In other words‚ laws are rules of behavior that are legally binding and are enforced by a controlling authority. Laws affect many aspects of our lives in ways that we may not even think about: we pay our taxes‚ observe
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words] 1. Identify areas of law addressed in the chosen media report‚ and explain how they are relevant to the matters outlined in the report. Students should refer to the areas of law listed in Chapter 1 of First Principles of Business Law. Not all listed areas of law will be relevant‚ but each media report involves at least two areas of law. (4 marks) This article reports on diners consumption on fast food contaminated with cleaning product‚ caustic soda. Criminal Law
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Legal Issue A paper submitted in the course of Business Law BUS/415 University of Phoenix March 16‚ 2008 Introduction Agency Law in a Business Environment A principal is the party who employs another person to act on his or her behalf; an agent is a party who agrees to act on behalf of another. In order for the agent to successfully fulfill their tasks for their principal’s they have duties that they are expected to fulfill. The duty to obey instructions‚ to act with skill‚ loyalty‚
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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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material fact not opinion (Bisset V Wilkinson) nor future intention made by one party to another before the formation of contract intended to induce one party to enter the contract” (Tuner‚ C.‚ 2001) “…a minor is a person under the age of 18 years…” (Law essays UK‚ 2006). Or a minor is a person who has not attained majority (Tulsian‚ 1998‚ p.40) and from this case‚ the minor is Sheba who is 17 years old. The legal issues to be looked at are as follow: 1) Sheba’s representation to Jonathan that she
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Introduction and Sources of Business Law Sara Bakerink Kaplan University LS311-03RP1 There are many terms to know and understand in Business Law. The definition of some terms are easy to comprehend while others are more complex. I have listed several terms from our textbook with definitions as I understand them. Common law is a type of law that was created based on English legal system. "Eventually‚ the common law tradition became part of the heritage of all nations
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Business Law Case Study Module 4 PLAINTIFF’S STATEMENT: The Parties – Alex Johnson vs. Bethlehem Ice Solutions Opening Argument Those familiar with skiing know that there are risks involved when one chooses to participate in the sport. Those risks‚ however‚ should be associated with self-inflicted harm caused by mistakes that a skier may make and not unforeseen obstacles and dangerous situations. The injuries sustained by Alex Johnson on the slopes at Bethlehem Ice Solutions (BIS) were not
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Ethics Case Study: Coca-Cola Business Law April 21‚ 2013 In the case of Coca-Cola vs. Joya Williams for conspiring to steal trade secrets and then sell them to a competitor‚ Joya Williams showed that she was very unethical and lacked judgment in how she handled herself. The fact that she was in deep debt and was unhappy with her job should not have meant that she needed to steal from her employer so that she could get ahead. Many people are in the same boat that she was in but
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discussed in past lectures. The Securities Exchange Act of 1934 was put into play to fule over and secure exchanges‚ brokers‚ dealers‚ etc. Within this act‚ rule number 10(b)-5 was put into play to prevent insider trading. Insider trading meaning purchases or sales occurred based on information that was not yet made public. Under this rule the information which affected the decision to conduct business must result in material to be found guilty of insider trading. Meaning‚ the business act had to be
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explain in detail how a GmbH is liquidated and which reasons there might be to do so‚ while putting emphasis on the laws concerning the act of liquidation. This term paper is meant to serve as an overview about the liquidation of german GmbH´s. Chapter 1: Liquidation of a GmbH The type of company you will find most often in Germany is the GmbH‚ which is governed by the Law Concerning the Private Limited Companies (Gesetz betreffend die Gesellschaften mit beschränkter Haftung‚ abbreviated
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