"Study Smart, Succeed Well"

Law consists of enforceable rules governing relationships among individuals and between individuals and their society Why do we have laws? to provide stability, to keep society running, system in place if something goes wrong Liability the state of being legally responsible (liable) for something such as a debt or obligation Ethics the principles governing what constitutes right or wrong behavior Primary or secondary: US Constitution Master01 | September, 2024/2025 | Latest up...

Model Business Corporation Act (MBCA) A codification of modern corporation law that has influential in the drafting and revision of state corporation statutes. RMBCA Revised model business corporation act. Corporation A legal entity formed in compliance with statutory requirements that is distinct from it's shareholder-owners. It can be owned by a single person or millions of shareholders. Recognized as a 'person' and enjoys many of the same rights and privileges under s...

What is known as the supreme law of the land? Constitutional law What are the 4 bodies of law? 1. Constitutional law 2. Admin. Law 3. Statutory law 4. Case law & Common law doctrines The body of law derived from the U.S. Constitution and the constitutions of the various states. Term? Constitutional law Body of law enacted by legislative bodies. Term? Statutory law Master01 | September, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ Rules of law an...

Agency, there are two parties: Agent, and principal Agent Represents/acts for another party Principal Has an agent represent for him/herself Fiduciary A relationship of trust, each party owes the other the duty to act with the utmost good faith Salesperson Is the agent of the store's owner and acts on the owner's behalf (the owner is the principal) Master01 | September, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ Independent Contractor P...

AT&T wants to obtain additional rights to operate within the 700 MHz spectrum in the U.S. The Federal Communications Commission (FCC) has rules and regulations that govern wireless spectrum auction. The FCC is an administrative agency Theo is injured at work and files a workers' compensation claim, which is administered by the workers' compensation agency in his state. His employer disputes the extent of Theo's injuries. The case is heard by an administrative law judge (ALJ...

Ethics The study of what constitutes right or wrong behavior; moral principals and values applied to social behavior. Business Ethics What constituters right or wrong behavior and the application of moral principals in the business context. Triple bottom line Focuses on a corporation's profits, its impact on people, and its impact on the planet. What four things should should a business evaluate when making a decision? Master01 | September, 2024/2025 | Latest update 1 | P a g...

Areas of Federal Law Constitution Diversity of Citizenship Contract Disputes Federal Laws/statutes Sources of Law Constitution statutes Common law Agency regulations Judicial Requirements Master01 | September, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ Jurisdiction Legal standing venue Types of Jurisdiction Personal Subject matter Cyber Types of Courts trial courts appellate courts Liquormart v. Rhode Island Case in which ...

felony a crime that is serious and typical punishment is more than a year in prison Misdemeanor Less serious crimes punishable by under a year (less than 6 months most of the time) in county jail (in WA only 90 days) violation/infraction Least serious crime, punishable most often by a fine malum en se "wrong in itself" - no one has to tell you that murdering is bad, you should just know to not kill someone Malum Prohibitum Master01 | September, 2024/2025 | Latest updat...

Imunnity In exchange for testimony they don't get punished for their crimes. Percent of arrest that go to trial? 3-5% What do you need to get an arrest warrant? Probable cause Consitution Documents that outline how the branches of the government are supposed to function, responsibilities and limitations for each branch, relationship between federal and state governments, and relationship between government and private individuals. What do you need to bring on a capital offen...

Statutory Law Laws enacted by legislative bodies at any level of government, such as the statues passed by Congress or by state legislatures, make up the body of the law. Ordinaces Statues passed by municipal or county governing units to govern matters not covered by fed