Chapter 1 Terms
Last Modified: 2014-09-02
example: insider trading
example: Jack-In-The-Box E. coli bacteria case
example: Napster and Youtube copying of cetain intellectual property could be considered theft
NCC encourages for state conformity of these laws
UCC body of law are the same concept but for business activities
law unless revoked later by new statutory law
significant for businesses that operate in multiple legal jurisdictions
courts in two different business locations may interpret similarly worded statues differently
example: Roe vs. Wade precedent for Planned Parenthood of Southeastern Pennsylvania
Brown vs. Board of education
international agreement, covenant, exchange of letters, convention, or protocols
negotiated by Executive branch and binding with 2/3rds Congress vote
judge may not personally agree to the ruling but has to follow the law
Those laws with the highest ratios of benefits to costs are then preferable to those with lower ratios.
- natural law
- legal positivism
- identification with the vulnerable
- historical school: tradition
- legal realism
- cost-benefit analysis
disabled, poor, ill, children unable to take of themselves liked other humans in the real world
- administrative law
- executive orders
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