Business Law I Summary
Chapter one Business Law
Law is a set of rules, enforceable by the courts, which regulate the government of the state and governs the relationship between the state and its citizens and between one citizen and another.
There are various ways in which the law may be classified; the most important are: * Public and private law * A) Public law is concerned with the relationship between the state and its citizens. Specialised areas are: 1. Constitutional law is concerned with the workings of the british constitution. It covers such matters as the position of the Crown, the composition and procedures of Parliament, the functioning of central and local government, citizenship and the civil liberties of individual citizens. 2. Administrative law has be developed to deal with the complaints of individuals against the decisions of the administering agency. 3. Criminal law * Private law is primarily concerned with the right and duties of individuals towards each other. * Criminal and civil law * Criminal law is concerned with forbidding certain forms of wrongful conduct and punishing those who engage in the prohibited acts. * Civil law deals with the private rights and obligations which arises between individuals. * Common law and equity * Common law is developed by circuit judges from English customary law applying the principle stare decisis * Equity is developed by chancellors, in dealing with petitions addressed to the King from citizens complaining about the rigidity of the common law.
Civil liability are contract and tort. * Contractual liability arises when two or more persons enter into a legally enforceable agreement with each other. * Tortuous liability = a tort consists of the breach of duty imposed by the law(negligence, trespass)
Criminal liability before convicted you have to prove mens rea (guilty mind) and actus reus (prohibited act).
Strict liability are wrongful acts where prove of mens
Law is a set of rules, enforceable by the courts, which regulate the government of the state and governs the relationship between the state and its citizens and between one citizen and another.
There are various ways in which the law may be classified; the most important are: * Public and private law * A) Public law is concerned with the relationship between the state and its citizens. Specialised areas are: 1. Constitutional law is concerned with the workings of the british constitution. It covers such matters as the position of the Crown, the composition and procedures of Parliament, the functioning of central and local government, citizenship and the civil liberties of individual citizens. 2. Administrative law has be developed to deal with the complaints of individuals against the decisions of the administering agency. 3. Criminal law * Private law is primarily concerned with the right and duties of individuals towards each other. * Criminal and civil law * Criminal law is concerned with forbidding certain forms of wrongful conduct and punishing those who engage in the prohibited acts. * Civil law deals with the private rights and obligations which arises between individuals. * Common law and equity * Common law is developed by circuit judges from English customary law applying the principle stare decisis * Equity is developed by chancellors, in dealing with petitions addressed to the King from citizens complaining about the rigidity of the common law.
Civil liability are contract and tort. * Contractual liability arises when two or more persons enter into a legally enforceable agreement with each other. * Tortuous liability = a tort consists of the breach of duty imposed by the law(negligence, trespass)
Criminal liability before convicted you have to prove mens rea (guilty mind) and actus reus (prohibited act).
Strict liability are wrongful acts where prove of mens