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Business Law and Ethics

Exam Study Guides for LEB 323

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LEB 323 Chapter Notes - Chapter 4: Plain Meaning Rule, Statutory Interpretation
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Statutory Law and Common Law – A Contrast Statutory and common law differ most obliviously in the processes by which each comes into being and the form of each after it becomes operative Processes and Form • Statuto...

Legal Environment of Business
LEB 323
Christopher Meakin
LEB 323 Chapter 4: 4.3 -Statutory Law
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Statutory Law • Most of our federal and state law today results from the enactment of statutes by legislative bodies nd ...

Legal Environment of Business
LEB 323
Christopher Meakin
LEB 323 Chapter Notes - Chapter 4: Precedent
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Common Law – The Doctrine of Stare Decisis • Stare Decisis: (“to stand by things decided”) the heart of common law; the inclination of the courts to follow precedent and stand by existing decisions ...

Legal Environment of Business
LEB 323
Christopher Meakin
LEB 323 Chapter Notes - Chapter 5: Commerce Clause
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Chapter 5: Constitutional Law The U.S. constitution contains 3 general categories of provision: 1. Prescribes the basic organization of the federal government into 3 branches 2. Delineates the authority of the fe...

Legal Environment of Business
LEB 323
Christopher Meakin
LEB 323 Chapter Notes - Chapter 2: Specific Performance
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Law, Equity, and Remedies In legal controversies the plaintiff is asking for a remedy an order addressed to the defendant, requiring that person either to pay money or to do (or not do) a particular act All remedies are ei...

Legal Environment of Business
LEB 323
Christopher Meakin
LEB 323 Chapter Notes - Chapter 2: Patent Infringement, United States Court Of Appeals For The Federal Circuit, United States Tax Court
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Chapter 2: Court Systems, Jurisdiction, and Functions Adjudication: the fitting of rules to facts required for settling legal controversies o Primarily performed by state and federal courts Court Systems There are 2 distin...

Legal Environment of Business
LEB 323
Christopher Meakin
LEB 323 Chapter Notes - Chapter 2: Patent Infringement, Subject-Matter Jurisdiction, United States Court Of Appeals For The Federal Circuit
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Personal Jurisdiction in Federal courts Longarm statute: personal jurisdiction can be acquired over a nonresident D who has done business or committed a tort within the forum state o Tort: wrongful conduct for which civil ...

Legal Environment of Business
LEB 323
Christopher Meakin
LEB 323 Chapter 2: 2.6 - Contract Cases v. Tort Cases
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need to consider venue, forum non conveniens, and conflict of laws Venue: the question of where within the state the lawsuit should be heard Forum non conveniens: a court with both subject matter and personal jurisdiction ...

Legal Environment of Business
LEB 323
Christopher Meakin
LEB 323 Chapter Notes - Chapter 1: Southwest Airlines
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Law and Business Strategy a successful firm considers all aspects of its competitive environment including legal and regulatory matters Professors Bird and Orozco place business legal strategies into 5 categories (provides...

Legal Environment of Business
LEB 323
Christopher Meakin
LEB 323 Chapter Notes - Chapter 2: Subject-Matter Jurisdiction, Federal-Question Jurisdiction
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Trial: settle questions of both fact and law o What happened Appellate: rule on questions of law only o What is the rule applicable to the facts once a case is begun in a given court system, it will stay within that system...

Legal Environment of Business
LEB 323
Christopher Meakin
LEB 323 Chapter 1: 1.3 - Law, Globalization, and Science & Technology
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Law, Globalization, and Science Technology The law is always evolving in response to philosophical, practical, social, and other influences. Currently, three forces shaping the law are of overarching importance Law and Gl...

Legal Environment of Business
LEB 323
Christopher Meakin
LEB 323 Chapter Notes - Chapter 2: Registered Agent
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Diversity of Citizenship Cases Is only federal subject matter jurisdiction if the amount in controversy in greater than 75,000; otherwise these cases are always concurrent federalstate jurisdiction o If the plaintiff choos...

Legal Environment of Business
LEB 323
Christopher Meakin
LEB 323 Chapter 4: 4.1 -Origin of Common Law
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There are several basic processes by which law is made 1. The formulation of rules by the courts (judges) to resolve cases that came before them in areas of law without statutes 2. The enactment and interpretation of statu...

Legal Environment of Business
LEB 323
Christopher Meakin
LEB 323 Chapter Notes - Chapter 1: Eighteenth Amendment To The United States Constitution
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Chapter 1 Nature and Sources of Law Purpose of law ensuring orderliness to all human activity Primary vs. Secondary Sources Primary sources: legally binding rules and procedures o ex. Federal and state constitutions, statu...

Legal Environment of Business
LEB 323
Christopher Meakin

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