Bule gmu - Study guides, Class notes & Summaries

Audit committee of the board of directors - ️️Responsible for the selection, compensation, and oversight of the independent public accountants that audit the firm's financial records. The Sarbanes-Oxley act of 2002 requires all publically held corporations to have an audit committee. The order or priority that is used when conflicts arise among documents invovling corporations. - ️️1. The U.S. constitution 2. State constitutions 3. State Statutes 4. The articles of incorporati...

Jurisdiction - ️️"the power to speak the law" Before any court can hear a case, it must have jurisdiction over the person whom the suit is brought, or over the property involved. The court must also have jurisdiction over the subject matter of the dispute. Historical school of legal thought - ️️Emphasizes the evolutionary process of law by concentrating on the origin and history of the legal system. Primary sources of law - ️️U.S. and state constitutions, statutes or laws ...