Business Law

               Mr. Whisel
               Chapter 1-2
Objectives
 Explain the stages in the evolution of law
 Describe the differences between common law
 and positive law
 Describe the difference between law courts and
 equity courts
What is law?
 Enforceable rules of conduct in a society, reflect
 culture and circumstances that create them.
 What is code?
   Laws grouped into organized form
 Hammurabi’s Code
   Page 5
Stages in the Growth of Law
 Individuals take revenge for wrongs done to
 them
 Awards of money or goods are substituted for
 revenge
 Court systems formed (Local)
 A central authority figure intervenes to prevent
 and punish wrongs (Judge)
Common Law Vs. Positive Law
 Common Law
   Law based on the current standards or customs of
   the people
 Positive Law
   Law dictated from above
Origins of Our Legal System
 Pages 6 and 7
 Read Aloud
Objectives
 Explain the stages in the evolution of law
 Describe the differences between common law
 and positive law
 Describe the difference between law courts and
 equity courts
End of Section 1.1
 Think About Legal Concepts
 Think Critically About Evidence
Objectives
 Explain how constitutional, statutory, case and
 administrative laws are created
 Explain how to resolve conflicts between
 constitutional, statutory, case, and administrative
 laws.
 Describe the differences between criminal and
 civil, substantive and procedural, and business
 and other forms of law
Three Levels of Government
 Federal
 State
 Local
 Each Level has its own constitutional, statutory,
 case, and administrative laws.
Constitution
 Document that sets forth the framework of a
 government and its relationship to the people it
 governs.
   Constitutional Law- when Constitutions are adopted
   and amended, or when courts interpret constitution.
 Who governs you?
   Constitution of the U.S. and the Constitution of your
   state.
Constitution Cont.
 Federal and State defines Allocated power
   Between the people and their governments.
   Between the state governments and federal
   government
   Among the branches of the government.
Final Interpreter?
 U.S. Supreme Court- Federal
 State Supreme Court- Local
Allocation of Power Between People and
Government
 Federal Constitution is main instrument for
 allocation power.
   By the Bill of Rights
       First Ten Amendments of the Constitution
         • Protects people from their government
       Freedom of Religion, Freedom of Speech, Freedom of
        Press
       See Chapter 3 for Bill of Rights
Allocation Between Federal and State
Governments
 Federal Constitution divided between state and
 government
 Federal
    Power to reign over foreign and interstate commerce (occurs
    between two or more states)
 State
    Power to reign over intrastate (occurs in the state)
 Business
    Divided depending on the Business and its location or
    locations
Allocation Between Branches of
Government
 Among the three Branches of Government we have:
   Executive
   Legislative
   Judicial (Courts have authority to hold trials not congress)
 System created to form a system of checks and
 balances.
 Ensures that no branch of government becomes too
 strong.
Statutes
 Federal Constitution created Federal
 Legislatures
 State Constitutions created State Legislatures
   Elected Representatives of the people
       Acting for us.
   Legislatures enact laws called Statutes
       Town, City, and Counties
       Legislation at this level is called Ordinances
Administrative Regulations
 Federal, State, and Local Legislatures create people to
 enforce laws, called Administrative Agencies
    Social Security Administration
    DMV
    Zoning Commission
 Controlled by executive branch (Federal Government)
 This branch creates rules and regulations called
 Administrative Law.
Case Law
 Judicial branch of government
   Law created after cases
   Rules to follow when similar cases are on trial
 Stare Decisis
   To adhere to decided cases
   Follow same procedure as already decided cases.
 Case Law is seldom revoked
What happens when laws conflict?
 Constitutions are highest source of law
   Federal Constitution
       “The supreme law of the land”
   Because of the different branches, laws conflict, so
   we must prove that they are constitutional
   We find that all laws must be constitutional and if we
   find that they are not it is unconstitutional so law
   would be revoked
Main Types of Law
 Criminal
         Offense against society
 Civil
         Offense against a single person
 Procedural
         Methods of enforcing legal rights and duties (Procedure)
 Substantive
         Defines rights and duties (Murder, Battery, Breach of Contract)
 Business
         Rules that apply in Business Situations and Transactions
         Mainly civil law (Contracts)
         Tort
              Private wrongs in persons or organizations
         UCC Uniform Commercial Code
Think and Legal Concepts
 Page 13
Think Critically about Evidence
 Page 13
End of Chapter 1

Chapter1 Detailed Version

  • 1.
    Business Law Mr. Whisel Chapter 1-2
  • 2.
    Objectives Explain thestages in the evolution of law Describe the differences between common law and positive law Describe the difference between law courts and equity courts
  • 3.
    What is law? Enforceable rules of conduct in a society, reflect culture and circumstances that create them. What is code? Laws grouped into organized form Hammurabi’s Code Page 5
  • 4.
    Stages in theGrowth of Law Individuals take revenge for wrongs done to them Awards of money or goods are substituted for revenge Court systems formed (Local) A central authority figure intervenes to prevent and punish wrongs (Judge)
  • 5.
    Common Law Vs.Positive Law Common Law Law based on the current standards or customs of the people Positive Law Law dictated from above
  • 6.
    Origins of OurLegal System Pages 6 and 7 Read Aloud
  • 7.
    Objectives Explain thestages in the evolution of law Describe the differences between common law and positive law Describe the difference between law courts and equity courts
  • 8.
    End of Section1.1 Think About Legal Concepts Think Critically About Evidence
  • 9.
    Objectives Explain howconstitutional, statutory, case and administrative laws are created Explain how to resolve conflicts between constitutional, statutory, case, and administrative laws. Describe the differences between criminal and civil, substantive and procedural, and business and other forms of law
  • 10.
    Three Levels ofGovernment Federal State Local Each Level has its own constitutional, statutory, case, and administrative laws.
  • 11.
    Constitution Document thatsets forth the framework of a government and its relationship to the people it governs. Constitutional Law- when Constitutions are adopted and amended, or when courts interpret constitution. Who governs you? Constitution of the U.S. and the Constitution of your state.
  • 12.
    Constitution Cont. Federaland State defines Allocated power Between the people and their governments. Between the state governments and federal government Among the branches of the government.
  • 13.
    Final Interpreter? U.S.Supreme Court- Federal State Supreme Court- Local
  • 14.
    Allocation of PowerBetween People and Government Federal Constitution is main instrument for allocation power. By the Bill of Rights  First Ten Amendments of the Constitution • Protects people from their government  Freedom of Religion, Freedom of Speech, Freedom of Press  See Chapter 3 for Bill of Rights
  • 15.
    Allocation Between Federaland State Governments Federal Constitution divided between state and government Federal Power to reign over foreign and interstate commerce (occurs between two or more states) State Power to reign over intrastate (occurs in the state) Business Divided depending on the Business and its location or locations
  • 16.
    Allocation Between Branchesof Government Among the three Branches of Government we have: Executive Legislative Judicial (Courts have authority to hold trials not congress) System created to form a system of checks and balances. Ensures that no branch of government becomes too strong.
  • 17.
    Statutes Federal Constitutioncreated Federal Legislatures State Constitutions created State Legislatures Elected Representatives of the people  Acting for us. Legislatures enact laws called Statutes  Town, City, and Counties  Legislation at this level is called Ordinances
  • 18.
    Administrative Regulations Federal,State, and Local Legislatures create people to enforce laws, called Administrative Agencies Social Security Administration DMV Zoning Commission Controlled by executive branch (Federal Government) This branch creates rules and regulations called Administrative Law.
  • 19.
    Case Law Judicialbranch of government Law created after cases Rules to follow when similar cases are on trial Stare Decisis To adhere to decided cases Follow same procedure as already decided cases. Case Law is seldom revoked
  • 20.
    What happens whenlaws conflict? Constitutions are highest source of law Federal Constitution  “The supreme law of the land” Because of the different branches, laws conflict, so we must prove that they are constitutional We find that all laws must be constitutional and if we find that they are not it is unconstitutional so law would be revoked
  • 21.
    Main Types ofLaw Criminal Offense against society Civil Offense against a single person Procedural Methods of enforcing legal rights and duties (Procedure) Substantive Defines rights and duties (Murder, Battery, Breach of Contract) Business Rules that apply in Business Situations and Transactions Mainly civil law (Contracts) Tort  Private wrongs in persons or organizations UCC Uniform Commercial Code
  • 22.
    Think and LegalConcepts Page 13
  • 23.
    Think Critically aboutEvidence Page 13
  • 24.