Exam 1: An Introduction to Dynamic Business Law

If an office supply store dumps its waste behind its building in violation of local,state,or federal environmental regulations,the resulting dispute would focus on which type of law?

can revoke case law.

Business law consists of the enforceable rules of conduct that govern commercial relationships.

Another name for case law is common law.

[Inattentive Driving] Hannah,a first year law student,drove off campus to register for an upcoming conference.Although lawmakers in her state passed a law prohibiting the use of a cell phone while operating a motor vehicle,Hannah was doing just that.When she looked down to pick up a can of soda she dropped,Hannah crashed into the side of Dev's new convertible.A police officer down the street came over to investigate.Hannah explained to him that it was difficult to hold the cell phone in one hand,the soda in the other,and also drive.The officer was not impressed.Dev approached,furious about the significant dent in his new car.Hannah says she has insurance and that she will cover the costs of the whole incident.Dev says that is insufficient;but Hannah says that under case precedent,that is his only remedy.The officer tells Hannah that she must obey duly authorized law,and proceeds to write several citations to her. -What type or types of law are involved in the above situation,considering Hannah's interaction with both the officer and Dev?

An accountant is starting a new job and wants to make sure he does not put himself or his company at legal risk.He talks to his company's law department about which areas of law he should brush up on.The company lawyer tells him relevant areas of the law he should be aware of include:

Which statement is true regarding Hannah's predicament?

Which areas of business law would a human resources manager find most relevant?

The group that urges states to enact model laws to provide greater uniformity of law is called the ________.

List the purposes of the law and discuss why these purposes are necessary for an ordered society.

When a state supreme court issues a binding ruling on a matter of law,who must follow the precedent set by the state supreme court?

Which of the following is reported in the United States Code?

The term ________ involves the use of past decisions to guide future decisions.

The text discusses five factors suggested as a structure for critical thinking when reviewing case law.List and describe the five factors.

One purpose of the law is to:

When you read a case,you should:

Roger,a store owner,is delinquent in paying rent to his landlord,Emily.The resulting dispute would focus on which type of law?

Which approach to jurisprudence is tied to the pursuit of efficiency and is based on choosing alternatives that maximize benefits and minimize costs?

[International Expansion] Ryan wants to expand his coffee business into Winland,a small,remote country.He moves to Winland temporarily in order to oversee operations.His friend Terrell asks him if he plans to hire legal counsel for the expansion.Ryan replies,"Of course not.The U.S.has the strictest laws regarding contracts,employment,and business practices in the world.So long as I'm legal in the U.S. ,I'm legal anywhere.Besides,I studied up on Winland law ten years ago,and I know it all." Ryan proceeds and lands in jail in Winland for violating recently passed laws which make it a crime to mistreat employees and which criminalized the failure to provide certain benefits.Authorities in Winland claim that he sexually harassed an employee,failed to pay sufficient wages,and failed to give employees Winland's mandated 12 weeks of paid vacation per year. -What is true regarding Ryan's defense that he thought he knew the law of Winland because he had studied it some years before and that the laws under which he was arrested were new? Assume the law of Winland is the same as the U.S.on this issue.

Public law controls both disputes between private individuals and their government and disputes involving only private individuals.