BSLW1102 Study Guide - Midterm Guide: Embezzlement, Legal Monopoly, Price Discrimination
Document Summary
Law is a collecion of rights: legal rights: require another person to do/not do something, duty: obligaion of law, which corresponds with rights. Stare-decicious: cases that set a precedence: statutory law: made by legislaive body senate and congress, administraive regulaion: specialized agencies have the power to make laws and decisions. Congress doesn"t always have enough informaion to make decisions, so they create specialized sub-organizaions to control specialized tasks: headed by presidenial appointment, but aren"t elected so they have power checks. Have the power and force of law: execuive regulaion: passed by the execuive branch of government (president, treaies: make in part with other countries, private law: resolve disputes in private groups (individuals and businesses) The consituion: highest form of law, basic law of the land in the us relaionship between the government and the people. Aricles of confederaion: writen document that laid out the funcions of the naional government (united the states)
