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BMAL 590 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE

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BMAL 590 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE Legal environment of business can be addressed through Foundational Principles Law of Contracts Business and Ethics Forms of Business Organizations Global Legal Environment Public Law Relates to the ability...

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  • October 7, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
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BMAL 590 EXAM QUESTIONS AND ANSWERS WITH

COMPLETE SOLUTIONS GRADED A++ LATEST

UPDATE
Legal environment of business can be addressed through


Foundational Principles

Law of Contracts

Business and Ethics

Forms of Business Organizations

Global Legal Environment


Public Law


Relates to the ability of society to take action against those whose actions are considered to be against

the law.


Private Law


Relates to the ability of individuals to initiate action against others (to sue one another)


Federal Laws


Federal laws are passed by Congress and signed into law by the president.


State Law

, State laws are passed by the state legislatures and signed into law by the governor


Executive branch


the President and the Administration


Legislative branch


the Congress


Judicial branch


the Courts


Natural law


views law as being enshrined in universal moral and ethical principles.


Positivist law


holds law to be the ultimate will of the state that applies only to the people of a country at a given

point in time.


Historical law


looks at precedent. Changes may occur from time to time. Thus, decisions in a particular case are

based on precedent set in similar cases earlier.


Legal realism


posits that law derives from social interests, economic conditions, and public policy.



Legal realism differs from legal formalism in that it separates legal rules from social and political

phenomena.

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