Tuesday, August 23, 2011

August 31, 2011 - The Legal Environment of Business

The Legal Environment

1. On page 2, how is the law defined?

2. Also on page 2, regardless of how such rules are created, what do all laws have in common?

3. In Exhibit 1-1, list the areas of law that may affect business decision making.

4. List the primary sources of law found on page 5.

5. List the secondary sources of law also found on page 5.

6. Why is the UCC important?

7. Define statutory law.

8.  Define constitutional law.

9. Define administrative law.

10. Describe a major function of administrative law.

11. What is case law (common law doctrine)?

12. Define starie decisis.

13. What is a remedy?

14. Define remedies in equity.

15. Define natural law.

16. Define legal realism.

17. Describe criminal law.

18. Describe civil law.

19. Define international law.

20. What is the USC (United States Code)?

21. What is the Idaho State Code?

22. Describe Westlaw?

23. Who decides the "law"?

24. Who decides the "facts"?





















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