of Law Law performs many functions and plays a central role in business and society. Melvin (2011) stated "A generally accepted generic definition of the law is a body of rules of action or conduct prescribed by controlling authority‚ and having legal binding force." (p. 4). Law is comprised of statutes and precedents‚ leading to rules that tell us how to act in business and society. Law continues to grow and expand and is open to reason and interpretation. There are several types of law: constitutions
Premium Law Common law Appeal
by-laws AUDIT 610 ADVANCED AUDITING ETHICAL CONDUCT & CODE OF ETHIC Prepared for: Madam Fairuz bt Fauzee Prepared by: Nur Rabiah bt Radzi Nur Hidayah bt Johari Nurul Hanisah bt Hasan Rohayu bt Rashid ACB 8Ba Question 1 1. There is violation of ethical conduct under professional independence( Financial interest).it is because Wani not take part in the audit of the client and the value of her shares is not material in relation to her husband wealth. 2. According
Premium Audit Auditing Financial audit
Explain the difference between rules of the common law and principles of equity. Law is to be seen as definite and also flexible and fair. It specifically needs unambiguous rules on one hand but flexibility on the other to provide exceptions to cases that may lead to apparently unjust conclusions where rules are applied rigidly. Common law‚ as define by Wikipedia‚ refers to law developed by judges through decisions of courts and similar tribunals‚ rather than through legislative statutes or executive
Premium Common law Jury Judge
Role and Functions of Law Laws assist in many purposes in both business as well as society. The author will discuss the roles and functions of law in both business and society. This discussion will cover the different types of laws including statutes‚ common laws‚ treaties‚ ordinances‚ and executive orders. The author will also discuss the classification of those laws into criminal and civil law‚ substantive and procedural law‚ and public and private laws. There will also be a discussion
Premium Law Common law
Constitutional Laws Constitutional law is the branch of law relates the relationship between the judiciary‚ the legislature‚ and the executive. Constitutional law is responsible for setting out the government’s general operating framework. Constitutional laws usually determine the scope of the terms contained in constitutions‚ and their applications. Constitutional laws cover various areas of law‚ such as individual rights‚ relationships between various bodies of governments‚ legislative
Premium Human rights Law Civil and political rights
ATENEO CENTRAL BAR OPERATIONS 2007 Criminal Law SUMMER REVIEWER BOOK I CRIMINAL LAW – A branch of municipal law which defines crimes‚ treats of their nature and provides for their punishment. Characteristics of Criminal Law: 1. General – binding on all persons who reside or sojourn in the Philippines Exceptions: a. Treaty Stipulation b. Laws of Preferential Application c. Principles of Public International Law Ex: i. sovereigns and other chiefs of state ii. Ambassadors‚ ministers plenipotentiary
Premium Criminal law Crime
Chapter 1 THE NATURE AND SOURCES OF LAW A. Nature of Law and Legal Rights 1. LEGAL RIGHTS 2. INDIVIDUAL RIGHTS 3. THE RIGHT OF PRIVACY 4. PRIVACY AND TECHNOLOGY B. Sources of Law C. Uniform State Laws D. Classifications of Law Copyright 2010 Cengage Learning‚ Inc. All Rights Reserved. May not be copied‚ scanned‚ or duplicated‚ in whole or in part. Licensed to: iChapters User 4 Part 1 The Legal and Social Environment of Business law – the order or pattern of rules that society establishes
Premium Law Common law
LAW DEVELOPMENT CENTER NAME: SUNNA HILAL LUQMAN Answer to the question; BREIF FACTS: Peter reads an advertisement in the new vision of a special x-mas discounted fare of shs 20000 only to Arua by the executive coach bus company but on reaching he was told that the offer was only for the first ten customers and he was not eligible which made him pay 40000 for a regular seat. His suitcase with clothes valued at 1000000shs was given to another passenger whose suitcase was given to peter since
Premium Contract Invitation to treat Carlill v Carbolic Smoke Ball Company
be identifies is whether there exist a valid agreement between Joyce and Rashid. The third issue that need to be identifies is whether the revocation of proposal made by Rashid is valid. The fourth issue will be the effect of a contract entered into with a bankrupt and what kind of remedies were there have for such contracts. Explanation of relevant law According to the Contracts Act 1950‚ under section 2(h)‚ an agreement enforceable by law is a contract. Furthermore‚ S. 2(h) of the Contracts Act
Premium Contract
Obeying the law is a general moral obligation. Usually‚ laws are written from societal ethical codes; therefore the law can embody morality. Obeying the law usually implies the greatest good for the greatest number of people and therefore complies with Mill’s utilitarianism. Especially if the law reflects general morality or protects people from pain‚ such as the admonition against murder‚ utilitarian theorists would argue that obeying the law is a general moral obligation. However‚ there are certain
Premium Utilitarianism John Stuart Mill Jeremy Bentham