Preview

ACCA F4 Law notes 2

Satisfactory Essays
Open Document
Open Document
345 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
ACCA F4 Law notes 2
Law
Criminal Law
Civil Law
Crime committed against the state
Sets rights & Duties of people between themselves
Must prove guilt
Must show liability
Guilt must shown to be beyond reasonable doubt
Liability shown on the balance of probabilities
Regulates society by threat of punishment
Rights the financial position so that no wrong had occurred
Fine, imprisonment, community service.
Damages or other remedies (specific performance/injunction )

Sources of Law

Law

Case Law (follow earlier decisions) Legislation

Common Law Equity Direct Indirect
-only remedy damages -flexible
-inflexible -introduced remedies
-introduced precedent such as injunctions &
-developed by local customs specific performances. -developed as an appeal to remedy injustices of common law. -prevails common law.

Courts

House of Lords
5 law lords hear Court of Appeal appeals & occasionally High Court appeals.

Court of Appeal
3 lord Justices of appeal hear appeals from both courts.

County Court High Court of Justice - Civil claims: contract, tort, landlord & tenant, probate & insolvency - A district judge hears small claims. Informal & no costs awarded. Queens bench - A circuit judge hears fast track & division first instance some multi-track cases. contract & tort. First instance a high Family division court judge. matrimonial cases Chancery division Land law, trusts, company & partnership law. Appeals County Court.

Magistrates' Court
European Court of Justice (ECJ)
European Court of Human Rights (ECtHR)
Jurisdiction is mainly criminal, but does have civil jurisdiction in family matters such as contact

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Acct 598 Final paper

    • 307 Words
    • 2 Pages

    Class Act has concluded that the full agreement consideration of $5 million should be recorded as revenue upon signing the agreement. I do not think this is appropriate method to recognize revenue. According to FASB, a company would apply the following five steps to achieve the core principle: (1) identify contract with the customer. (2) Identify separate performance obligations. (3) Determine transaction price. (4) Allocate transaction price. (5) Recognize revenue when performance obligation is satisfied. Class Act recognized all $5 million up signing the agreement, how about if the performance of Broadway Venues doesn’t satisfy the agreement. The article shows that the agreement is silent as to whether any payments are refundable if the tour never commences.…

    • 307 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Acct 421a Chapter 16

    • 1305 Words
    • 6 Pages

    In 2011, the taxpayer became ineligible to use the cash method of accounting. At the beginning of the year, accounts receivable totaled $240,000, accounts payable for merchandise totaled $80,000 and the inventory on hand totaled $520,000. What is the amount of the adjustment due to the change in accounting method?…

    • 1305 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Acct 504 Case 7.2.4

    • 625 Words
    • 3 Pages

    a. Oversees NAR/AIN/OHF process to ensure all applicable NAR/AIN/OHF messages are handled promptly and IAW NAVSUP P-724.…

    • 625 Words
    • 3 Pages
    Powerful Essays
  • Better Essays

    Law 421 Week 4 Assignment

    • 1340 Words
    • 6 Pages

    | The owner of a sole proprietorship is completely liable for paying any and all business debts. This also includes any losses, taxes, and lawsuits. If the firm cannot pay the debts incurred, the owner must use personal property or any other stock or such from another business.…

    • 1340 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Law 531 Final Exam

    • 1213 Words
    • 6 Pages

    1) Which of the following is a distinguishing feature of a common law legal system?…

    • 1213 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Jurisdiction refers to a court’s authority and right to speak the law or render a decision in a legal dispute. According to The legal environment of business: A managerial approach: Theory to practice, jurisdiction can be described as, is a court’s authority to decide a particular case based on (1) who the parties are, and (2) the subject matter of the dispute” (Melvin, 2012, p.58).…

    • 1577 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Criminal jurisdiction and civil jurisdiction brings about the protective jurisdiction of courts. They necessitate the occasions for instituting the proceedings. Further criminal and civil jurisdiction therefore implies with respect to the mature of the subject matter and civil or criminal mature of the actions. Such an action therefore does not aim in the creation of another authority. Territorial aspects may come in hand, however the nature of the action determines the jurisdiction the case will be handled. It merely extends the limits of the particular jurisdiction. It is therefore not mandatory.…

    • 417 Words
    • 2 Pages
    Good Essays
  • Good Essays

    CarrieWhite unit6 Seminar

    • 582 Words
    • 2 Pages

    Then you went over jurisdiction of a court refers to those in cases in which it may exercise lawful authority which is determined by statute or constitution. The question that you asked I honestly think that answer would be yes. Then you went over the state court system many differences among state courts which use three tiered structure which are trial courts of limited jurisdiction, trial courts of general jurisdiction,…

    • 582 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    1.Eagle Stores, Inc. borrows $5,000 each from EZ Loan Corporation, First National Bank, and Great Products Corporation. Eagle uses its "present inventory and any thereafter acquired" to secure the loans from EZ Loan and First National. EZ Loan perfects its interest on April 1, followed by First National on April 5. Eagle buys new inventory on April 10 from Great Products and signs a security agreement, giving Great Products a purchase-money security interest (PMSI) in the new inventory. On the same day, Great Products perfects its interest and notifies EZ Loan and First National. Eagle takes possession of the new inventory on April 15. On April 20, Eagle defaults on all of the loans.…

    • 1963 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Legal Studies 3/4 Notes

    • 9289 Words
    • 38 Pages

    The Principle of Representative Government • • • • • Government for the people, by the people People elect representatives Answerable to the people for their actions Must represent the views of the majority of people Failure to represent = loss of confidence = loss of government…

    • 9289 Words
    • 38 Pages
    Powerful Essays
  • Powerful Essays

    Homework Assignment 5

    • 1706 Words
    • 7 Pages

    Jurisdiction is the authority of a court to hear and decide cases. There are several types; a few are Appellate Jurisdiction, General Jurisdiction, Subject Matter Jurisdiction and Personal Jurisdiction. Appellate is a court that hears a case an appeal from a lower court. General is a court that hears various kinds of cases in general. Subject Matter is a court that can hear only certain kinds of cases listed in the federal statutes and constitution. Personal is a court that makes decisions binding on the person involved in a civil case.…

    • 1706 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    AIS Chapter 3 P 3-7

    • 416 Words
    • 2 Pages

    Use the Internet to locate www.CIA.Gov and www.Amazon.com. Find the privacy and security policies for each. Compare and contrast the use of privacy statements, encryption, SSL, and cookie policies.…

    • 416 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Law Unit 03 Aqa

    • 2706 Words
    • 11 Pages

    * Miller (1954): any hurt or injury calculating to interfere with the health or comfort of the victim…

    • 2706 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    When analyzing the word jurisdiction, it is important to note how this word divides itself amongst two different categories: personal and subject matter jurisdiction. The main and most abstract difference between these two different types of jurisdictions is that personal jurisdiction authorizes the court to acquire personal jurisdiction over the parties involved in a particular lawsuit while subject matter jurisdiction grants courts the ability to seize a specific topic or subject matter of court cases to hear. For instance, bankruptcy courts may only heart bankruptcy cases. In personal jurisdiction cases, the court typically has the power over a given defendant or item of property thus restricted by certain limitations either which may be statutory or constitutional. Another distinction between subject matter jurisdiction and personal jurisdiction is that parties may waive personal jurisdiction but not subject matter jurisdiction.…

    • 1026 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    FIN 504-Chapter1-3

    • 2030 Words
    • 9 Pages

    FIN 504 Chapter 1~3 I. Multiple Choices – Solutions are highlighted in bright green. Detailed solutions are written in red texts. 1. If the spot rate for the Swiss Franc is $0.6658 and the 6-­‐month forward rate is $0.6437, what is the annualized premium (discount)?…

    • 2030 Words
    • 9 Pages
    Satisfactory Essays