LEGL 2700 Jason Epstein UGA Exam Study Guide Questions and Answers 2024
9 keer bekeken 0 keer verkocht
Vak
LEGL 2700
Instelling
LEGL 2700
law -Correct Answer rules issued by the state
rule of law -Correct Answer helps reduce "transaction costs"; there's certainty & predictability; laws are generally and equally applied; no one's above the law, law isn't perfect
advantages of law -Correct Answer law is specifically designed in a...
LEGL 2700 Jason Epstein UGA Exam
Study Guide Questions and Answers
2024
law -Correct Answer ✔rules issued by the state
rule of law -Correct Answer ✔helps reduce "transaction costs"; there's certainty &
predictability; laws are generally and equally applied; no one's above the law, law isn't
perfect
advantages of law -Correct Answer ✔law is specifically designed in a way that we can
use to our adv (ex: intellectual property, tax incentives)
compliance in law -Correct Answer ✔use compliance as a selling point (HIPAA
compliant texting app)
strong Rule of law = -Correct Answer ✔good economy
property -Correct Answer ✔NOT the same as resources (things); the right to possess
resources and shield from others; right to property = basis for a private market and
modern business
common law vs. civil law -Correct Answer ✔-judge made; case made
stare decisis: let the prior decision stand
VS
heavily focused on legislature; little interpretation of law
Criminal vs. Civil Law -Correct Answer ✔state v defendant
VS
plaintiff vs defendant
intangible property rights -Correct Answer ✔freedom of speech, religion, etc.
downsides to the rule of law -Correct Answer ✔1. potential high financial cost of
compliance (big v little companies)
2. changing nature of laws (technology, politics, morals)
3. non-uniformity in laws between states/federal/local
LEGL 2700 Jason Epstein UGA
, LEGL 2700 Jason Epstein UGA
Hierarchy of Law -Correct Answer ✔us constitution and amendments
federal statutes
federal regulations
state constitutions
state statutes
state regulations
local ordinances
case law
corporations -Correct Answer ✔-personhood by way of legal fiction
-owned by shareholders
-larger companies may have board of directors
specific sense of Corporate Governance -Correct Answer ✔-rules that protect the
property interest that owners have in the biz
-try to prevent ppl inside company from abusing their positions for personal advantage
to detriment of the owners
-ethical & legal are NOT same thing
General sense of corporate governance -Correct Answer ✔-expand CoGo to include
responsibility of company to customers/vendors/society/etc.
-this is a huge focus for companies (diversity, environmental sustainability, etc.)
constitution -Correct Answer ✔replaced articles of fed which was...
strong sovereignty of the states; weak fed govt; concern over economic issues (states
could impose protectionist measures hurting other states)
came together for compromises between... -Correct Answer ✔-branches of govt
-state and federal authorities
-state v state
-people & govt
-freedom & justice
separation of powers -Correct Answer ✔horizontal: branches of govt
-legal = make
-exec = enforce
-jud = interpret (judicial review is NOT in the constitution; marbury v madison)
vertical: federal - state/local
-federalism
-10th amendment
Supremacy Clause -Correct Answer ✔constitution is supreme over all laws -> federal
law is supreme over state law -> preemption -> state law is invalid if it conflicts with
federal law
LEGL 2700 Jason Epstein UGA
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper PossibleA. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €12,68. Je zit daarna nergens aan vast.
