BUS-294 Chapter Notes - Chapter 1: Legal Aspects Of Computing, Corporate Law, Statutory Law
8 Oct 2020
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Business law- consists of the enforceable rules of conduct that govern commercial relationships. Specify the boundaries of legal business behavior. Constitutions, legislatures, regulatory bodies, and courts define what can and. 6 functional areas of business that all rely on business law: cannot do. Human resources management laws enforce rules of behavior in a community. Without laws, we would have to rely sole on goodwill and dependability. Provide order that we can depend on a promise or an expectation. Facilitate a sense that change is possible, only after rational consideration. Private law- regulates disputes between private individuals or groups. Public law- controls disputes between private individuals or groups and their government. Civil law- defines the rights and responsibilities implied in relationships between persons and their government. Involves either two individuals or two organizations. Defendant must be found guilty by a preponderance of evidence. Guilty defendant is never incarcerated, typically the victim receives some sort of.
