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Chapter 01: Business and Its legal Environment
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Chapter 01: Business and Its legal Environment


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Class slides for BUS 263, Jan. 14, 2014.

Class slides for BUS 263, Jan. 14, 2014.

Published in: Education, Sports, Technology

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  • 1. hapter 1: Business and s Legal Environment
  • 2. Form teams • • • • 4 teams: count off 1 through 4 Introductions Team Name Roster
  • 3. Quiz • • • • Closed book/closed notes Put away phones until I take up the quiz You may collaborate with your team You are responsible for the answers on your quiz • You do not have to choose the same answers as your team
  • 4. Natural law • “the Laws of Nature” • “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”
  • 5. Positive Law • “We, the People, in order to form a more perfect union . . . do ordain and establish this constitution.” • 5th Amendment: “No person . . . shall be deprived of life, liberty, or property without due process of law.”
  • 6. SO?!?
  • 7. In re: Troy Davis • • • • • Convicted of murder No physical evidence Eyewitness testimony only 7 of 9 witnesses recanted Number one cause of false convictions?
  • 8. In re: Troy Davis • Scalia: “This Court has never held that the Constitution forbids the execution of a convicted defendant who has had a full and fair trial but is later able to convince a habeas court that he is 'actually' innocent.” • Stevens: “The substantial risk of putting an innocent man to death clearly provides an adequate justification for holding an evidentiary hearing. Simply put, the case is sufficiently 'exceptional' to warrant our original habeas jurisdiction.”
  • 9. Sources of Law
  • 10. Common Law
  • 11. Stare decisis • “To stand by things decided” • Precedent: similar cases ought to have similar results • Mandatory – Issued by a superior court in the same jurisdiction • Persuasive – Issued by a different jurisdiction
  • 12. Precedent • Case of first impression – No precedent • Factual Distinction – Different facts = different results • Overruling
  • 13. Law Courts
  • 14. Equitable remedies • Injunction • Specific performance • Recission
  • 15. Photo credits Law: Jefferson: Madison: Eyewitness: Langdell Hall: William the Conqueror: National Portrait Gallery, London Bayeux Tapestry: Musée de la Tapisserie de Bayeux Day Glow: Fishpool coins: One Way Street: Lawn: Muddy Tracks: extras: Stop: Cromwell: Court of Chancery: United States: Napoleonic Code: National Constitution Center: United States Statutes at large: