THE LEGAL ENVIRONMENT OF BUSINESS

1
THE LEGAL ENVIRONMENT OF BUSINESS

• BUSINESS LAW
• BEATTY SAMUELSON
• THIRD EDITION

2
CHAPTER 1

• INTRODUCTION TO LAW

LAW IS POWERFUL LAW IS IMPORTANT LAW IS FASCINATING
3
AND BESIDES THAT THIS IS A MANDATORY COURSE
4
ORIGINS OF OUR LAW

• ENGLAND
• TOUCH OF FRENCH

5
SOURCES OF OUR LAW TODAY

• UNITED STATES CONSTITUTION
• STATE CONSTITUTIONS
• STATUTES
• COMMON LAW
• ADMINISTRATIVE LAW
• OTHER

6
CLASSIFICATIONS OF LAW

• CRIMINAL LAW
• AND
• CIVIL LAW

7
CRIMINAL LAW

• OUTLAWED BEHAVIOR
• GOVERNMENT
• GUILTY OR INNOCENT
• FINE OR IMPRISONED

8
CIVIL LAW

• RIGHTS AND DUTIES
• VICTIMS
• LIABLE OR NOT
• COMPENSATE

9

• SUBSTANTIVE LAWVSPROCEDURAL LAW

10
SUBSTANTIVE LAW

• DEFINES THE RIGHTS OF PEOPLE

11
PROCEDURAL LAW

• ESTABLISHES PROCESS FOR SETTLING DISPUTES

12

• PUBLIC LAW
• VS
• PRIVATE LAW

13
PUBLIC LAW

• SETS THE DUTIES OF GOVERNMENT TO ITS CITIZENS
  AND
• VICE-VERSA

14
PRIVATE LAW

• REGULATES DUTIES AND OBLIGATIONS BETWEEN
  INDIVIDUALS

15
JURISPRUDENCE

• OR, WHAT IS LAW?
• THREE THEORIES
• 1. LEGAL POSITIVISM
• 2. NATURAL LAW
• 3. LEGAL REALISM

16
LAW AND MORALITY

• ARE OFTEN IN CONFLICT
• !