100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
LEGL 2700 Jason Epstein UGA Exam Study Guide Questions and Answers 2024 $12.99   Add to cart

Exam (elaborations)

LEGL 2700 Jason Epstein UGA Exam Study Guide Questions and Answers 2024

 9 views  0 purchase
  • Course
  • LEGL 2700
  • Institution
  • LEGL 2700

law -Correct Answer rules issued by the state rule of law -Correct Answer helps reduce "transaction costs"; there's certainty & predictability; laws are generally and equally applied; no one's above the law, law isn't perfect advantages of law -Correct Answer law is specifically designed in a...

[Show more]

Preview 2 out of 9  pages

  • November 8, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • legl 2700
  • LEGL 2700
  • LEGL 2700
avatar-seller
PossibleA
LEGL 2700 Jason Epstein UGA



LEGL 2700 Jason Epstein UGA Exam
Study Guide Questions and Answers
2024
law -Correct Answer ✔rules issued by the state

rule of law -Correct Answer ✔helps reduce "transaction costs"; there's certainty &
predictability; laws are generally and equally applied; no one's above the law, law isn't
perfect

advantages of law -Correct Answer ✔law is specifically designed in a way that we can
use to our adv (ex: intellectual property, tax incentives)

compliance in law -Correct Answer ✔use compliance as a selling point (HIPAA
compliant texting app)

strong Rule of law = -Correct Answer ✔good economy

property -Correct Answer ✔NOT the same as resources (things); the right to possess
resources and shield from others; right to property = basis for a private market and
modern business

common law vs. civil law -Correct Answer ✔-judge made; case made
stare decisis: let the prior decision stand

VS

heavily focused on legislature; little interpretation of law

Criminal vs. Civil Law -Correct Answer ✔state v defendant

VS

plaintiff vs defendant

intangible property rights -Correct Answer ✔freedom of speech, religion, etc.

downsides to the rule of law -Correct Answer ✔1. potential high financial cost of
compliance (big v little companies)
2. changing nature of laws (technology, politics, morals)
3. non-uniformity in laws between states/federal/local



LEGL 2700 Jason Epstein UGA

, LEGL 2700 Jason Epstein UGA


Hierarchy of Law -Correct Answer ✔us constitution and amendments
federal statutes
federal regulations
state constitutions
state statutes
state regulations
local ordinances
case law

corporations -Correct Answer ✔-personhood by way of legal fiction
-owned by shareholders
-larger companies may have board of directors

specific sense of Corporate Governance -Correct Answer ✔-rules that protect the
property interest that owners have in the biz
-try to prevent ppl inside company from abusing their positions for personal advantage
to detriment of the owners
-ethical & legal are NOT same thing

General sense of corporate governance -Correct Answer ✔-expand CoGo to include
responsibility of company to customers/vendors/society/etc.
-this is a huge focus for companies (diversity, environmental sustainability, etc.)

constitution -Correct Answer ✔replaced articles of fed which was...
strong sovereignty of the states; weak fed govt; concern over economic issues (states
could impose protectionist measures hurting other states)

came together for compromises between... -Correct Answer ✔-branches of govt
-state and federal authorities
-state v state
-people & govt
-freedom & justice

separation of powers -Correct Answer ✔horizontal: branches of govt
-legal = make
-exec = enforce
-jud = interpret (judicial review is NOT in the constitution; marbury v madison)

vertical: federal - state/local
-federalism
-10th amendment

Supremacy Clause -Correct Answer ✔constitution is supreme over all laws -> federal
law is supreme over state law -> preemption -> state law is invalid if it conflicts with
federal law


LEGL 2700 Jason Epstein UGA

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller PossibleA. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81298 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart