By Roger LeRoy Miller, Gaylord A. Jentz
Attention-grabbing, transparent, and utilized, company legislations this present day: average variation is definitely the right consultant to the legislations and what it capability within the company world--from contracts and secured transactions to warranties and executive laws. effortless to appreciate with an enticing writing variety that's matched through bright visuals, company legislations at the present time contains assurance of up to date themes that effect not just the company international, yet your life--from the industrial hindrance and its effect on company legislations to id robbery and immigration legislation.
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During this publication, the authors have compiled a range of fabrics at the legislations of agreement together with case legislations, statutory fabric and educational statement for you to support scholars during this topic at either measure point and better non-degree point. it really is was hoping that the choice of fabrics and accompanying textual content will enable an appreciation of the foremost matters proper to the examine of this department of the legislation.
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Linking the Law to Other Business School Disciplines In all likelihood, you are taking a business law or legal environment course because you intend to enter the business world, though some of you may also plan to become fulltime practicing attorneys. Many of you are taking other business school courses—business 4 • UNIT ONE The Legal Environment of Business E x h i b i t 1–1 Areas of the Law That May Affect Business Decision Making Contracts Courts and Court Procedures Sales Negotiable Instruments Professional Liability Business Decision Making Business Organizations Creditors’ Rights Intellectual Property Agency E-Commerce Torts Product Liability communications, business statistics, economics, finance, management, marketing, and taxation, to name just a few possibilities.
Thus, whether a law is “bad” or “good” is irrelevant. The law is the law and must be obeyed until it is changed—in an orderly manner through a legitimate lawmaking process. A judge with positivist leanings probably would be more inclined to defer to an existing law than would a judge who adheres to the natural law tradition. THE HISTORICAL SCHOOL The historical school of legal thought emphasizes the evolutionary process of law by concentrating on the origin and history of the legal system. This school looks to the past to discover what the principles of contemporary law should be.
5 Moreover, once an agency has final regulations in place, it is difficult to revoke or alter them. President Barack Obama discovered this in 2009 when he tried to change some of the rules that his predecessor, President George W. Bush, had put into place in the last few months of his administration. Case Law and Common Law Doctrines Case Law The rules of law announced in court decisions. Case law includes the aggregate of reported cases that interpret judicial precedents, statutes, regulations, and constitutional provisions.
Business Law Today, Standard Edition by Roger LeRoy Miller, Gaylord A. Jentz