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QUESTION
Business Law Homework
- In planning a career in business management, which areas of the law (see Exhibit 1-1) would be most likely to affect you daily decisions—give examples.
- How is common law created? Compare the creation and application of common law to constitutional, statutory and administrative law. Can common law be used to over-rule federal statutes?
- Explain the difference between civil law and criminal law. Give examples for each.
- Why is the doctrine of stare decisis very important when legal issues are judged in court?
- Give examples how the Bill of Rights in the US Constitution applies to business owners.
