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- Description (Optional) Essentials of Business Law and the Legal Environment

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Front	Back	hint
[blank] t Uploading Image...	t Uploading Image...	t Uploading Image...	t R
1 t <p>Ch.1</p><p> </p><p>What is the nature of law?</p> Uploading Image...	t <p>The law is constantly changing because rules (law) must be balanced considering rights of individuals and rights of evolving society.</p> Uploading Image...	t Uploading Image...	t R
2 t <p>Ch.1</p><p> </p><p>What is law?</p> Uploading Image...	t <p>(1) Prediction of how a court will decide a legal question.</p><p> </p><p>(2) Rule of civil conduct prescribed by the supreme power, commanding what is right, and prohibiting what is wrong.</p> Uploading Image...	t Uploading Image...	t R
3 t <p>Ch.1</p><p> </p><p>What is the functions of law?</p> Uploading Image...	t <p>(1) To resolve disputes (without personal revenge!)</p><p> </p><p>(2) To protect property - ownership, transfer.</p><p> </p><p>(3) To preserve the State (government) - change is ok as long as it is orderly and legally done.</p> Uploading Image...	t Uploading Image...	t R
4 t <p>Ch.1 Law and Morals:</p><p> </p><p>(1) Is an action moral improper but legal? (examples?)</p><p>14</p><p>(2) Is an action illegal but not morally improper? (examples?)</p> Uploading Image...	t <p>Law, not morals: drive on the right.</p><p> </p><p>Law and morals: no kill.</p><p> </p><p>Not law but morals: "You should not silently stand by and watch a blind man walk off a cliff."</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p> Uploading Image...	t Uploading Image...	t R
5 t <p>Ch. 1</p><p> </p><p>What is duty?</p> Uploading Image...	t <p>Legal obligation requiring a person to perform or refrain from performing an act.</p> Uploading Image...	t Uploading Image...	t R
6 t <p>Ch. 1</p><p> </p><p>What is substantive law?</p> Uploading Image...	t <p>Substantive law creates, defines, and regulates legal rights and duties. (What to do and not to do)</p> Uploading Image...	t Uploading Image...	t R
7 t <p>Ch. 1</p><p> </p><p>What is procedural law?</p> Uploading Image...	t <p>Procedural law sets forth rules of enforcing those rights that are created by the substantive law. (How to use substantive law)</p> Uploading Image...	t Uploading Image...	t R
8 t <p>Ch. 1</p><p> </p><p>What is public law?</p> Uploading Image...	t <p>(1) Substantive law branch</p><p> </p><p>(2) Deals with the government's rights and powers and its relationship to individuals or groups</p><p> </p><p>ps: government envolved law</p> Uploading Image...	t Uploading Image...	t R
9 t <p>Ch. 1</p><p> </p><p>What is private law?</p> Uploading Image...	t <p>(1) Substantive law branch</p><p> </p><p>(2) Governing individuals and legal entities in their relationship with one another.</p> Uploading Image...	t Uploading Image...	t R
10 t <p>Ch. 1</p><p> </p><p>What is civil law?</p> Uploading Image...	t <p>(1) Civil law defines duties and deals with the rights and duties of individuals among themselves.</p><p> </p><p>(2) Part of private law.</p> Uploading Image...	t Uploading Image...	t R
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