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Business Law 531 Week 1 Study Guide

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Business Law 531 Week 1 Study Guide
Week One: The Legal System and the Legal Forms of Business

Details

Due

Points

Objectives

1.1 Explain the major components of the legal system.

1.2 Differentiate between the legal forms of business.

1.3 Differentiate among nonjudicial methods of alternative dispute resolution.

Readings

Read Ch. 1 of Business Law: Legal Environment, Online Commerce, Business Ethics, and International.

Readings

Read Ch. 2 of Business Law: Legal Environment, Online Commerce, Business Ethics, and International.

Readings

Read Ch. 3 of Business Law: Legal Environment, Online Commerce, Business Ethics, and International.

Readings

Read Ch. 4 of Business Law: Legal Environment, Online Commerce,
…show more content…
What methods of ADR are available to pursue? Which of these ADR methods do you think is the most appropriate? Explain your answer.

Learning Activity

Rep. Bachmann Article

Resource: “Rep. Bachmann: Tax Bill Violates Article 1, Section 7 of U.S. Constitution” on the course materials page

Read “Rep. Bachmann: Tax Bill Violates Article 1, Section 7 of U.S. Constitution”.

Consider the following quotation from this article:

"The House of Representatives is expected to vote on the tax deal passed by the Senate on Thursday or Friday. The bill was the result of a deal cut between President Barack Obama and Republican congressional leaders. Article 1, Section 7 of the Constitution states: ’All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills’” (Ballasy, 2010).

Discuss how the following could occur given what Article I, Section 7 of the Constitution says. Is this decision wrong?

Learning Activity

SMLLC Infographic

Resource: “How To Form A Single Member LLC” infographic on the student

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