[BLE-214] - Final Exam Guide - Ultimate 67 pages long Study Guide!
Document Summary
What is business law: the enforceable rules of conduct that govern commercial relationships. How does business law relate to business education: they have six functional areas of business. What are the purposes of law: to give us orders and guidelines. What are alternative ways to classify the law: national vs. international, federal vs. state, public vs. private, civil vs. criminal. What are the sources of the law: constitutions, statutes, cases. What are the carious schools of jurisdiction: natural law, legal positivism. Identification with the vulnerable: historical school: tradition, legal realism, cost-benefit analysis. Administrative law: collection of rules and decisions made by a huge number of administrative agencies. Business law: the enforceable rules of conduct that govern commercial relationships. Civil law: lays out the rights and responsibilities implied in relationships between persons ad between persons and their government. Case law: the collection of legal interpretations made by judges.
