Business Law

MODULE 1: BUSINESS AND ITS LEGAL ENVIRONMENT What is rectitude? Law consists of rules that regulate the conduct of individuals, businesses, and other organizations within society. It is intended to protect persons and their property from unwanted interference from others. Enforceable rules governing relationships among individuals and in the midst of individuals and their society Functions of the police Keeping the peace Shaping moral standards Promoting social justice Maintaining the status quo Facilitating full-strength change Facilitating planning Providing a basis of compromise Maximizing individual freedom Basic Sources of Law * custom & usages * geological formation * Statutes and Ordinances * Decided cases and Precedents * Foreign Laws * Miscellaneous Administrative Law Treaties Executive Orders Constitution establishes the structure of the government (legislative, Executive, Judicial ) A treaty- compact do between two or more nations. Statutes- written police enacted by the legislative branches of union and state governments Ordinances- law enacted by local government bodies An administrator order- an order issued by a member of the executive branch of government.

Administrative Law- legislative and executive branches of union and state governments establish administrative agencies to enforce and understand statutes enacted by union and state legislatures. A judicial closing- decision about an individual case issued by a court classification of Law * Substantive or Procedural Law * Public and Private Law * civil or Criminal Law EXPLANATIONS Substantive law deals with whether the defendant is delinquent or liable Procedural law deals with the rules of the court under which litigation takes place Public Law- involves the govt.- Labor law, securities, criminal law Private law involves disputes among citizens- crusade law, torts, corporation law Civil law involves mainly private law disputes-contract... If you want to get a full essay, order it on our website: Ordercustompaper.com

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