BUS 200 Study Guide - Midterm Guide: United Nations Convention On Contracts For The International Sale Of Goods, Civil Society, Thai Baht
Document Summary
Explain public life government, public , universities. Civil society non government organizations, private company. Liberal- hand off, allows economy + socity to determine how things go ex: us, uk. Internventionalist hands on everything, gov control exerted in all areas. Constitutionlism 0 ruse based on society, unanimous beliefs. Rule of law are set in place , gives equality to people. Civil law : based on code interpretation by legislature. Common law: prior court decisions decide interpretations, set legal pretence. Bridges the gap between civil and common law. Allow retifying countries the option in keeping their own national law. How do culture differneces affect the importance of contracts vs relationship. Two counties who are infromal and direct are likely to have a relationship different language. Political risk : legal risk / contract risk. Legal liabilities things you need to aware of / your obligation to the law, contract. Legal risk "risk over sea, weak rule of law.
