Overview of the U.S Legal System • Constitution o Statutory law- written law • You want to know the law‚ you look it up !! • Written law deciphered by just looking it up !! o Common Law • Legislators make the law‚ judges enforce it. • Case law or precedent o Administrative Law (Agency regulations) • Body of law that governs the activities of administrative agencies of government • Note the interaction between law and facts o Law=judge ; Facts=jury (most of the time) o Civil
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Abstract Riordan manufacturing virtual organization is focused on achieving and maintaining financial and resource profitability to sustain growth. The company’s finance and accounting department needs to have a seamless compatibility among its three different sites to provide consistency in data and eliminate redundancy of records and process. Outsourcing has been identified as a method to deliver the solution. Research has been conducted by a team to identify the pros and cons associated with
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------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Legal Environment of Business ------------------------------------------------- ------------------------------------------------- FINAL Exam ------------------------------------------------- -------------------------------------------------
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Political and legal issues The current political situation is quite unfavorable for business generally. In Slovakia‚ we have one-party rule - SMER - social democracy. The government disadvantages entrepreneurs and make it more difficult situation by increasing taxes and social contributions for employees. Non-profit organization‚ such as Habitat for Humanity would be making a profit if they had to pay higher taxes based on the amount of profit. The primary activity of non-profit organizations is
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Legal Underpinnings of Business Law OMM 670: Legal Environment February 25‚ 2013 Legal Underpinnings of Business Law Business | Type of Business | Liability Exposure | Compare | Contrast | Tinker’s Home Security Service | Sole proprietorship | Unlimited | Monetary rewards are from both the Proprietor & business | Sole Liability | Tinker & Tailor’s Home Security Service | General partnership | Unlimited | All partners are responsible whether silent or active | If you are
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JACINTO COMMUNITY COLLEGE LEGAL ENVIRONMENT OF BUSINESS INSTRUCTOR: NANCY A. JOHNSON‚ ESQ. PROJECT 1 DUE: ______________ INSTRUCTIONS: 1. Do Not write your name on your exam‚ use your student number 2. Define all legal terms used. 3. Use the IRAC approach to analyze each lawsuit (Issue‚ Rule‚ Argument‚ Conclusion) a. Issue: What is the legal basis for their suit? b. Rule: What is/are the issues rule(s) covering this area? c. Argument Based on the legal rule(s)‚ how will each side
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Introduction to Legal Principles and Systems (A)What are the sources of English law? Discuss the relationship between legislation and judicial precedent. (B)Using appropriate cases‚ explain three judicial rule of statutory interpretation. Introduction The English law system is one of the major European legal systems which strictly formulated by different procedures. At present‚ it has spread and implement in many other countries such as Canada‚ Australia‚ and New Zealand. This essay
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essential element of a Contract of Sale? a. Consent b. Subject Matter c. Delivery d. Price 2. What is the effect when all the three (3) elements of a valid contract of sale are present but there is a defect or illegality constituting any of such elements? a. Contract is Void. b. Contract is Voidable. c. Contract is Unenforceable d. Contract is Rescissible. 3. It takes place upon the concurrence of the essential elements of the sale which are the meeting of the
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The Legal System and ADR Analysis LAW/531 Memo To: Director From: Date: Re: The Legal System and ADR Analysis When parties consider the options available in handling business disputes‚ it would be most beneficial for both parties to resolve matters in the most efficient way possible. Depending on the severity of the dispute‚ the matter could rise as high as an appeal to the state’s Supreme Court. A more practical route would be to stay within the general jurisdiction
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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 1. Laws and government regulations affect almost all business activities. ANSWER: T PAGES: Section 1 TYPE: N BUSPROG: Analytic AICPA: BB-Legal 2. The U.S. Constitution
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