These notes were taken in class as the professor was going over the chapter. Describe the fundamentals of business law, legal rights, responsibilities, and ethics. Explain basics of international law. Identify court organization and functions, and forms of dispute resolution.
Who you vote for and who goes to congress. Some states have judges , in NJ they are appointed.Caees decide if a
rule is common law.
Where do we see law? Everywhere
Federal view and State View federalism: we need the law to be predictable, precedent can be overruled.
Constitution: congress legislative branch
- Article 1:congress is compromised of the senate and house of legislative bill that goes to the president but
if there’s a veto you need two thirds majority of both houses
- 435, senate only has 100
- Article 2: creates the executive branch
- President is head of it
- Article 3 judicial branch Supreme Court which measures any law.
- Stare decisive ( let the decision stands)
- Precedent is binding on other cases( it’s not absolute )
Veto : on test
Senate approves and also approves treaties (international law)
Administrative law is a large part of and a source of law . An agency is DMV. Which are created by congress.
Agency has the power to create laws which are called regulations. A specified functions which interpret the laws or
rulings. IRS is a great example.
Criminal and civil law. Some of our laws are base on moralities . How would you make an agreement on civil law..
Criminal laws high regulated wrongs an individual commits against society
Analyzing a Case Kuehn v. Pub Zone
364 N.J. Super. 301 Superior Court of New Jersey, 2003
Appeal is based on briefs and arguments
The issue the desvíen and what they decided on the decision. Reasoning .
Mistakes dies not get to see the witnesses testify. And someone is lying you can tell.
You Be the Judge Del Lago Partners, Inc. v. Smith
307 S.W. 3D 762 Supreme Court of Texas, 2010
Federalism two tier law.
Exam questions .
Files folder answers for the chapters . Review questions.
, Chapter 2 Ethics
About people should behave. What we define what is right and wrong.
Profit being number one.
Why be ethical? Treat employees with respect and dignity.
More than three main theories. People focus on the reason for the deciding.
Great theory of ethics: Utilitarian of Ethics: John Stuart Mill:
Maximize overall happiness and minimizes overall pain, thereby producing
the greatest net benefit.
- Risk management and cost–benefit analysis
Deontological Ethics: Immanuel kunt : do the right thing. Kants categorical
Imperative.
- believe that all utilitarians are wrong. Do the right thing no matter
what. They should always tell the truth because if everybody lied the
world will become a worse place.
- Important to do the right thing no matter what
People have feelings. The end does matter.
- The principle of ethics would a person consider whether his or her
action is one that every other person should take
John Stuart Mill: The ethical model that focuses on the outcome of a decision, as
opposed to the motives behind the decision, is utilitarianism
- theory of ethics would a decision be ethical if it provides the greatest benefit for
the largest number of individuals
- Critics of utilitarianism argue that it is exceedingly difficult to measure utility
accurately, difficult o measure utility accurately.
Rawlsian Justice. Realism Justice: Rawls argues that everyone should have
the opportunity to earn great wealth so long as the tax system provides
enough revenue to provide decent health, education, and welfare for all. John
Rawls: We are born as life prospects where luck matters. We should have a
veil o ignorance and apply the difference principle. Winning lottery in life
- Not all lives are equal.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller dee1xo. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.39. You're not tied to anything after your purchase.
