LES 305 Exam Study Guide with
Complete Solutions
Universalization approach - Answer️️ -"What if everyone took these same
actions"
Government Hand Theory or the Invisible Hand (Adam Smith) -
Answer️️ -Tom believes that adhering to laws and statutes passed by
courts of law will make his...
Universalization approach - Answer✔️✔️-"What if everyone took these same
actions"
Government Hand Theory or the Invisible Hand (Adam Smith) -
Answer✔️✔️-Tom believes that adhering to laws and statutes passed by
courts of law will make his pesticide manufacturing company socially
responsible. In his company, business decisions are simply made to avoid
breaking the law. Which theory of corporate social responsibility does Tom
most likely follow?
Ypsilanti Township v. General Motors Corporation - Answer✔️✔️-Ypsilanti
was not successful in a suit against GMC for breach of promise and
misrepresentation. The court found that GMC's promises of continued
operations based on receipt of tax abatements were not legally binding.
Broadcast News Test - Answer✔️✔️-In today's media environment, very
little goes unnoticed or unreported, so it might be even more appropriate
to ask how one would feel if a video of a major decision went viral.
Kauffman-Harmon v. Kauffman - Answer✔️✔️-Mr. Kauffman sued his
children to have all stock given to them transferred back to him, claiming
their possession was only a temporary trust, the court found that he
children owned the stock and Mr. Kauffman's claims were barred by the
clean hands doctrine.
Securities Law - Answer✔️✔️-issuing and selling securities (stocks)
Common Law - Answer✔️✔️-derived from british law
statue of limitations - Answer✔️✔️-sets the time within which a lawsuit
must be filed after an injury occurs.
Uniform Commercial Code - Answer✔️✔️-adopted in every state but
Louisiana
Substantive Law - Answer✔️✔️-group of laws that define rights and duties
i.e - freedom of speech
Procedural Law - Answer✔️✔️-Search and Seizure
Gonzalez v. Raich - Answer✔️✔️-patients who were prescribed medical
marijuana sought to prevent enforcement of the federal Controlled
Substances Act (CSA) in medical marijuana cases. They claimed
enforcement violated the Commerce Clause because the medical marijuana
was cultivated and possessed within state borders and did not enter the
stream of commerce
The U.S. Supreme Court decided: the government had a rational basis for
believing that locally cultivated marijuana would end up in interstate
commerce.
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