television sets to a new retail customer‚ Tuner TV Store‚ on May 1‚ with payment to be made on delivery. Signal tenders delivery in its own truck. Tuner’s manager notices that some of the cartons have scrape marks. Tuner’s owner phones Signal’s office and asks whether the sets might have been damaged as they were being loaded. Signal assures Tuner that the sets are in perfect condition. Tuner tenders Signal a check‚ which Signal refuses‚ claiming that the first delivery to new customers is always
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Business Law Midterm Chapter 1 - Nature of Law and Legal Rights * Legal Rights: rights (legal capacity to require another person to perform or refrain from performing an act) and duties (obligation of law imposed on a person to perform or refrain from performing a certain act) coexist. * Individual right: any statutes‚ ordinances‚ or court decisions cannot violate the rights given in Constitution. * The Right of Privacy: Fourth Amendment (only search under reasonable suspicion) and protecting
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Business Law: Research Project Bryant Stratton College Mr. Coleman Kamisha Carter December 17‚ 2012 Introduction “The Public Employee Union is organized to improve Public Service. Advance and improve the interests of its members in the matter of their wages‚ hours‚ working conditions‚ and general welfare”. (Clark‚ 1968-present) Today‚ the United States is the richest country on earth
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1. Definition of Law As defined by Steven J. Skinner and John M. Lvanncevich‚ A law is a standard or rule established by a society to govern the behavior of its members. Federal‚ state‚ and local governments‚ constitutions‚ and treaties all establish laws. Laws have a direct and substantial impact on how business firms conduct various activities. Law‚ as it is‚ is the command of the Sovereign. It means‚ law has its source in sovereign authority; which is accompanied by sanctions‚ and the
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transforming how we do business‚ how we think and plan about doing business‚ and what business we actually do‚ especially international business. The dynamics of this historic process‚ especially in its pervasive economic dimensions‚ continue to spread and deepen the interdependencies linking societies‚ economies and regions. It is today almost impossible to find any country that is untouched by cross-border flows of commerce‚ investment‚ people‚ ideas and images. “Business law” is practiced at the
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Journal Entry – Business Law Mr. Robert Menendez has recently raised concerns over his possible unethical behavior while residing as the New Jersey state Senator. There are many moral ethical issues‚ as well as one particular contract with Dr. Melgen that may be an issue. His poor ethical choices can be related to his possible egoism. (All parties are innocent until proven guilty.) Ethics is the study of an individual’s character with regards to their choices of right and wrong as assumed
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Running head: CONTRACTS Contracts‚ What Are They? How Do They Work Student Name BUS311 Business Law I Instructor: name Date Abstract In this paper‚ I will reflect on the operation of contracts. Business law shows how contracts may be classified in several ways depending on the manner in which they are created‚ expressed‚ or performed. I have learned a lot from this course and I will use that to help write this paper. In the following paper I will
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Question TWO What is a "Breach of Contract"? A business contract creates certain obligations that are to be fulfilled by the people or companies who entered into the agreement. In the eyes of the law‚ a party’s failure to fulfil an end of the bargain under a contract is known as a "breach" of the contract. Depending on the specifics of the contract‚ a breach can occur when a party fails to perform on time‚ does not perform in accordance with the terms of the agreement‚ or does not perform at all
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Business Ethics and International Law Avis Robinson LAW415 December 7‚ 2010 Professor Cannon Business Ethics and International Law Business ethics is defined as the analysis of a variety of disputes that can come about with the business surroundings and how employees of the company deal with those disputes ethically (Investorwords.com‚ 2011). These ethics run every company in one way or another. Each person lives by ethical theories to make decisions. The government also has laws that help
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Corporations and Business Associations Law When companies are suffering from failed business and insolvency‚ the banks as the financiers for them and other creditors may try to get involved into the management and operations of the business in the way of giving advice and providing assistance to the directors of those distressed companies so as to protect their interests as much as possible. But as a result‚ the banks and creditors might be at a risky situation where they could be liable as shadow
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