MGT 200 Question with complete solution 2023

MGT 200 Question with complete solution 2023Provide a system of order that defines conduct and consequences What function of the law is the most visible in today's society? Promote equality and justice in society What function of law has been increasing in recent millennia and can be shown through anti-discrimination laws? Provide a method for solving disputes What function of law can be shown by providing a basis for deciding the legal interests and rights of parties? Promote good faith and dealing among merchants What function of law acts as a catalyst for commerce? Provide a degree of reliability in applying the law evenly What function of law is used so the law can be considered in business planning? Fairness Quality of Law US legal system is comprehensive, fair, and democratic Flexibility Quality of Law US law evolves and changes along with the norms of society, technology, and expansion Can be shown by Brown v Board overturning rule of Plessy v Ferguson that separate is equal Arizona v. United States (2012) Case where the Supreme Court struck down an immigration law from a state with the reasoning that immigration is a matter within the purview of the federal government and when the federal government creates rules and actions with clear intent to preclude state actions, the court will not enforce any state action that conflicts with established federal mandates. This case applies Constitutional Preemption Plain Meaning Rule The principle that if the words in a statute have clear and widely understood meanings, the court applies the statute; used as the initial guideline in statutory interpretation to determine how a rule should be applied. Statutory Scheme The structure of a statute and the format of its mandates Legislative History The records kept by the legislature, including the debates, committee and conference reports, and legislative findings of fact used when creating a law, which can be used to show the legislature's intent. US v. Ulbricht (2014) Case against Ulbricht claiming he was laundering money with his "Silk Road" website that allowed people to buy and sell items, but only by using Bitcoin. Ulbricht argued that it could not be money laundering because Bitcoin was not a form of currency listed in the statute's requirements. The court ruled against Ulbricht claiming that because bitcoin's hold value and can be used as a means of exchange they fall under the financial transaction definition in the money laundering statute. Example of applying the law in a context that did not exist when the statute was first written Doctrine of Stare Decisis The principle that similar cases with similar facts under similar circumstances should have similar outcomes