Assignment: Business Law

1079 Words5 Pages
Laura Ballestas BU-201-OL1 Prof. H. Mayer September 14, 2014 Business Law 201 Module One Assignment: Check Your Understanding: 1. Define the following terms: Constitutional law: Law that is based on the U.S. Constitution and the constitutions of the various states. Statutory law: The body of the law enacted by legislative bodies (as opposed to constitutional law, administrative law, or case law). Ordinances: Laws passed by a local governing unit, such as a municipality or a county. Administrative law: The body of law created by administrative agencies (in the form of rules, regulations, orders, and decisions) in order to carry out their duties and responsibilities. Common law: That body of law developed from custom or judicial…show more content…
1. U.S. district courts 2. U.S. courts of appeals * What part of the U.S. Constitution establishes the Supreme Court? In the Article III of the U.S. Constitution. * What is an order issued by the Supreme Court to a lower court requiring a case for review? A writ of certiorari. Exercises: 1. Explain constitutional law and states powers using Chapter 1, Section 3 as a basis for your answer. Constitutional law is a group of laws made to keep a good foundation and it gives an idea of the outcome of business. It deals with some of the fundamental relationships within our society and it keeps relationships rational. On the other hand, some state powers include High State Courts, State Courts of Appeals, State Trial Courts of General Jurisdiction and State Administrative Agencies. This also helps to keep a good structure. 2. Why is common law important? Common law is important because it keeps agreements and contracts liable and helps regulate our society. It is a body of general rules that applied throughout the entire English realm. Moreover, it became part of the heritage of all nations that were once British colonies, including the United…show more content…
A party must have standing to sue, or a sufficient prove in a matter to justify and seeking relief through the court system. 4. Explain the difference between a question of fact and a question of law. A question of fact deals with what really happened in regard to the dispute being tried-such as whether a party actually burned a flag. A question of law concerns the application or interpretation of the law-such as whether flag-burning is a form of speech protected by the First Amendment to the U.S. Constitution. Development: How does jurisdiction relate to persons and property? How does jurisdiction relate to corporate contracts? Particular courts has jurisdiction (can exercise in personal jurisdiction) over any person or business that resides in a certain geographic area. On the other hand, because corporations are considered legal persons, courts use the same principles to determine whether it is fair to exercise jurisdiction over a corporation. A corporation normally is subject to personal jurisdiction in the state in which it is incorporated, has its principal office, and/or is doing business. Courts apply the minimum-contacts test to determine if they can exercise jurisdiction over out-of-state corporations. The minimum-contacts requirement is usually met if the corporation advertises or sells its products within the state, or places its goods into the “stream of commerce” with the intent that the goods
Open Document