Mgmt 311 honors - Study guides, Class notes & Summaries

Law consists of enforceable rules governing relationships among individuals and between individuals and their society Four Sources of Law -Constitutions -Statutes (Acts) -Administrative Rules/Regs -Common Law Constitutions establish organization, powers, and limits of governments Statutory Law (Acts) Law passed by the U.S. Congress or state legislatures -Federal statutes: apply to everyone nationwide -State statutes: apply only to people within borders of the state ...