SOM 122 Chapter Notes - Chapter 584-589: Complex Differential Form, Specific Performance, Uniform Commercial Code

• School: Syracuse University
• Department: School of Management
• Course: SOM 122
• Professor: Geoghegan

Document Summary

The us legal and judicial systems: law: codified rules of behavior enforced by a society. 3 broad categories: common, statutory, regulatory: types of law. Court decisions follow precedents decisions of previous cases. Following the precedent creates stability to the law by basing judicial decisions on cases with similar facts: statutory law: laws created by constitutions or by federal, state, or local legislative acts. Also created in response to public concern about corporate behavior: keeping an eye on business. Occupational safety and health administration (oshea: trends in deregulation and regulation. Businesses complain that the government regulations require too much paperwork. Many people support deregulation: the elimination of rules that restrict business activity. Primary incentive to innovation companies are forced to innovate to survive when competing with competitive industries. The us judicial system: responsibility for law enforcement falls on the courts. Consider questions of law errors of legal interpretation made by lower courts: supreme.