Business Law 1 (FAU BUL 4421-Test 1)
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Practice questions for this set
Learn 1 /7 Study with Learn
Persons who engage in activities that are so inherently dangerous that no
amount of due care can make them safe are strictly liable, regardless of the
degree of care exercised.
Choose an answer
Relevant areas of business law
Historical School (Schools of
1 applicable to human resource 2
Jurisprudence)
management involve:
3 Strict Liability 4 Criminal Law
Don't know?
Terms in this set (127)
,Relevant areas of business Agency Law, Contracts, Employment and Labor Law, &
law applicable to human Employment Discrimination.
resource management
involve:
Regulates disputes between private individuals or
Private Law
groups.
Regulates disputes between private individuals or
groups.
Public Law
E.g. Disputes between landlord & tenant governed by
private law.
Delineates the rights and responsibilities implied in
Civil Law relationships between persons and between persons
and their government.
Regulates incidents in which someone commits an act
against the public, as a whole.
Criminal Law
E.g. Such as by conducting insider trading on the
stock exchange.
1. U.S. Constitution
2. Federal Statutes
Hierarchy of Laws: 3. State Constitution
4.State Statutes
5.Common Law
Collection of legal interpretations made by judges,
Common Law
and are law unless revoked by new statutory law.
Past decisions in similar cases that guide later
Precedent decisions thereby providing greater stability and
predictability to the law.
When courts rely on precedent, they are obeying the
principle of stare decisis ("standing by their decision").
Stare Decisis
Rulings made in higher courts become a binding
precedent for lower courts.
, Summaries of common law rules in a particular area of
Restatements of the Law
the law that have been enacted in most states.
Describes certain ethical laws and principals believed
Natural Law (Schools of
to be morally right and "above" the laws devised by
Jurisprudence)
humans.
Must abide by duly authorized law.
Legal Positivism (Schools
of Jurisprudence)
Law is distinct from morality.
Following tradition or custom to shape the law.
Historical School (Schools
of Jurisprudence)
Closely linked with the doctrine of stare decisis.
Judges should consider more than just the law.
Legal Realism (Schools of
Jurisprudence) Judges should consider factors such as social and
economic conditions.
Law should yield more benefits than it costs.
Cost Benefit Analysis
(Schools of Jurisprudence) If so, resources saved can be used to obtain more
goods and services.
The application of ethics to the special problems and
Business Ethics
opportunities experienced by business people.
- Decisions in choosing a method of production.
- Decisions regarding how to compete with
Business Ethics Includes:
competing firms.
- Social responsibilities of the firm.
- Who decision impacts
WPH Framework for
- Purpose of the decision
Business Ethics
- How to make the decision (i.e. Guidelines)
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Persons who engage in activities that are so inherently dangerous that no
amount of due care can make them safe are strictly liable, regardless of the
degree of care exercised.
Choose an answer
Relevant areas of business law
Historical School (Schools of
1 applicable to human resource 2
Jurisprudence)
management involve:
3 Strict Liability 4 Criminal Law
Don't know?
Terms in this set (127)
,Relevant areas of business Agency Law, Contracts, Employment and Labor Law, &
law applicable to human Employment Discrimination.
resource management
involve:
Regulates disputes between private individuals or
Private Law
groups.
Regulates disputes between private individuals or
groups.
Public Law
E.g. Disputes between landlord & tenant governed by
private law.
Delineates the rights and responsibilities implied in
Civil Law relationships between persons and between persons
and their government.
Regulates incidents in which someone commits an act
against the public, as a whole.
Criminal Law
E.g. Such as by conducting insider trading on the
stock exchange.
1. U.S. Constitution
2. Federal Statutes
Hierarchy of Laws: 3. State Constitution
4.State Statutes
5.Common Law
Collection of legal interpretations made by judges,
Common Law
and are law unless revoked by new statutory law.
Past decisions in similar cases that guide later
Precedent decisions thereby providing greater stability and
predictability to the law.
When courts rely on precedent, they are obeying the
principle of stare decisis ("standing by their decision").
Stare Decisis
Rulings made in higher courts become a binding
precedent for lower courts.
, Summaries of common law rules in a particular area of
Restatements of the Law
the law that have been enacted in most states.
Describes certain ethical laws and principals believed
Natural Law (Schools of
to be morally right and "above" the laws devised by
Jurisprudence)
humans.
Must abide by duly authorized law.
Legal Positivism (Schools
of Jurisprudence)
Law is distinct from morality.
Following tradition or custom to shape the law.
Historical School (Schools
of Jurisprudence)
Closely linked with the doctrine of stare decisis.
Judges should consider more than just the law.
Legal Realism (Schools of
Jurisprudence) Judges should consider factors such as social and
economic conditions.
Law should yield more benefits than it costs.
Cost Benefit Analysis
(Schools of Jurisprudence) If so, resources saved can be used to obtain more
goods and services.
The application of ethics to the special problems and
Business Ethics
opportunities experienced by business people.
- Decisions in choosing a method of production.
- Decisions regarding how to compete with
Business Ethics Includes:
competing firms.
- Social responsibilities of the firm.
- Who decision impacts
WPH Framework for
- Purpose of the decision
Business Ethics
- How to make the decision (i.e. Guidelines)
