Legal Issue A paper submitted in the course of Business Law BUS/415 University of Phoenix March 16‚ 2008 Introduction Agency Law in a Business Environment A principal is the party who employs another person to act on his or her behalf; an agent is a party who agrees to act on behalf of another. In order for the agent to successfully fulfill their tasks for their principal’s they have duties that they are expected to fulfill. The duty to obey instructions‚ to act with skill‚ loyalty‚
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Introduction and Sources of Business Law Sara Bakerink Kaplan University LS311-03RP1 There are many terms to know and understand in Business Law. The definition of some terms are easy to comprehend while others are more complex. I have listed several terms from our textbook with definitions as I understand them. Common law is a type of law that was created based on English legal system. "Eventually‚ the common law tradition became part of the heritage of all nations
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The Legal and Ethical Environment of Business MGM365-1204A-08 Phase 3: Philosophy Brendon Foster America is a country of true convenience and consumerism. In this country of opportunity‚ the very well established credit industry allows people who only earn fifty thousand dollars a year to purchase and “own” two hundred and fifty thousand dollar homes and thirty thousand dollar cars. We pay over time to enjoy or conveniences and lives now. In developing economies‚ this is very far from the
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JACINTO COMMUNITY COLLEGE LEGAL ENVIRONMENT OF BUSINESS INSTRUCTOR: NANCY A. JOHNSON‚ ESQ. PROJECT 1 DUE: ______________ INSTRUCTIONS: 1. Do Not write your name on your exam‚ use your student number 2. Define all legal terms used. 3. Use the IRAC approach to analyze each lawsuit (Issue‚ Rule‚ Argument‚ Conclusion) a. Issue: What is the legal basis for their suit? b. Rule: What is/are the issues rule(s) covering this area? c. Argument Based on the legal rule(s)‚ how will each side
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POLITICAL AND LEGAL ENVIRONMENTS FACING BUSINESS OBJECTIVES • To discuss the different goals and functions of political systems • To profile trends in the emergence and diffusion of political systems • To identify the idea of political risk and approaches to managing it • To understand how different political and legal systems affect the conduct of business • To profile trends in the evolution and diffusion of legal systems • To examine the major legal issues facing international business companies
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Outline CH1 I. Defining the Law‚ Morality‚ and Ethics (1-1) A. The Law and Morality （法律与道德） 1. Law consists of rules of conduct established by the government of a society to maintain harmony‚ stability‚ and justice. 2. Morals are values that govern a society’s attitude toward right and wrong and toward good and evil. B. Values and Ethics （价值与伦理） 1. Ethics involves an attempt to develop a means of determining what values ought to be. 2. Ethics involves an attempt to formulate
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due to a study performed by the American Medical Association‚ there is controversy over whether or not to ban teens under 18 from using indoor tanning beds at all‚ parent-approved or not. The tanning industry is under attack‚ figuratively speaking. For a number of reasons‚ the Federal government should not have the authority to regulate the indoor artificial tanning industry‚ but instead the parents of the minor. Deeper economic issues‚ a progressing invasive government‚ and even an interference with
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Legal Underpinnings of Business Law OMM 670: Legal Environment February 25‚ 2013 Legal Underpinnings of Business Law Business | Type of Business | Liability Exposure | Compare | Contrast | Tinker’s Home Security Service | Sole proprietorship | Unlimited | Monetary rewards are from both the Proprietor & business | Sole Liability | Tinker & Tailor’s Home Security Service | General partnership | Unlimited | All partners are responsible whether silent or active | If you are
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Legal considerations The legal aspects are important for the business choice. Laws are different in every country. Laws would regulate business practice‚ define the manner and set down the rights and obligations. This made business have to run within the border set by law and definitely affects the efficiency and profitability when running business in that country. The type of legal system. The legal system in Spain and Korea is based on civil law‚ while court precedents are not granted official
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Chapter 1 Law and Legal Reasoning N.B.: TYPE indicates that a question is new‚ modified‚ or unchanged‚ as follows. N A question new to this edition of the Test Bank. + A question modified from the previous edition of the Test Bank. = A question included in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS 1. Laws and government regulations affect almost all business activities. ANSWER: T PAGES: Section 1 TYPE: N BUSPROG: Analytic AICPA: BB-Legal 2. The U.S. Constitution
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