...448 449 451 452 CHAPTER OVERVIEW The IRAC chapter focuses on the writing style used for the discussion portion of the memo. IRAC is an acronym for Issue, Rule, Application, Conclusion. These are the building blocks of a memo’s discussion. You will learn to identify issues and applicable legal authority. You will also learn how to extract the legally significant facts and apply them to the relevant law to draw substantiated conclusions. You will learn to identify effective IRAC use by dissecting discussions and labeling the IRAC components, and you will learn to draft IRAC sequences as well. 445 446 CHAPTER 22 / THE IRAC METHOD A. PURPOSES OF IRAC ! What Is IRAC? IRAC stands for Issue, Rule, Application, Conclusion. IRAC is the architectural blueprint for the discussion portion of a legal memo. It gives legal writing continuity and clarity and organizes the contents of the discussion. IRAC provides legal support and analysis for the issues posed by the problem and guides the writer toward a well-supported conclusion. IRAC benefits both the writer and the reader because the components are essentially a checklist designed to ensure that the discussion is analytically well thought-out and that it contains the necessary legal authority. IRAC is very important because it lets the reader see the particular legal point being addressed, the relevant legal rule, the application of the law to the facts, and the conclusion. It is formula writing in the same...
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...Objectives 4.1 Differentiate between types of employment relationships and associated the legal considerations. 4.2 Differentiate between types of discriminatory issues and the associated legal considerations. 4.3 Determine methods for managing legal risk arising from regulatory compliance issues. Readings Read Ch. 31 of Business Law: Legal Environment, Online Commerce, Business Ethics, and International. Readings Read Ch. 32 of Business Law: Legal Environment, Online Commerce, Business Ethics, and International. Readings Read Ch. 33 of Business Law: Legal Environment, Online Commerce, Business Ethics, and International. Readings Read Ch. 43 of Business Law: Legal Environment, Online Commerce, Business Ethics, and International. Readings Read Ch. 44 of Business Law: Legal Environment, Online Commerce, Business Ethics, and International. Readings Read Ch. 45 of Business Law: Legal Environment, Online Commerce, Business Ethics, and International. Readings Read Ch. 46 of Business Law: Legal Environment, Online Commerce, Business Ethics, and International. Readings Read this week’s Electronic Reserve Readings. Participation Participate in class discussion. 2 Discussion Questions Respond to weekly discussion questions. DQ 1 due Day 3 and DQ 2 Due Day 5 2 Nongraded Activities and Preparation Podcast Listen to the Week Four podcast. Learning Team Reflection Check out the local and national news sources and find a current event that reflects what we...
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...course prepares students to evaluate the legal risks associated with business activity. Students create proposals to manage an organization's legal exposure. Other topics include the legal system, alternative dispute resolution, enterprise liability, product liability, international law, business risks, intellectual property, legal forms of business, and governance. Course Dates Oct 14, 2014 - Nov 24, 2014 Faculty Information Name : Email Address : Alternate Email Address Phone Number : ADRIENNE YEUNG (PRIMARY) Not Available Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents (both located on your student website): • Academic Policies University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Get Ready for Class • Familiarize yourself with the textbook used in this course. Course Materials All electronic materials are available on your student website. Week1 Legal Forms of Business and Alternative Dispute Resolution Tasks • Review the Week 1 Study Guide. • Review the Knowledge Check Faculty and Student Guide. Oct, 14 - Oct, 20 Objectives/Competencies 1.1 Differentiate among the legal forms of business. 1.2 Differentiate...
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...countries. Microsoft©, Windows©, and Windows NT© are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix© editorial standards and practices. Course Description This course prepares students to evaluate the legal risks associated with business activity. Students create proposals to manage an organization’s legal exposure. Other topics include the legal system, alternative dispute resolution, enterprise liability, product liability, international law, business risks, intellectual property, legal forms of business, and governance. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies:...
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...Global Business Today 6e by Charles W.L. Hill McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 2 National Differences in Political Economy Introduction Question: What is the political economy of a country? A country’s political economy refers to its political, economic, and legal systems These systems are interdependent, and interact and influence each other A country’s political system has major implications for the practice of international business 2-3 Political Systems A political system is the system of government in a nation Political systems can be assessed in terms of the degree to which they emphasize collectivism as opposed to individualism in terms of the degree to which they are democratic or totalitarian 2-4 Classroom Performance System The political, economic and legal systems of a country are called a) Political systems b) Economic systems c) Legal systems d) Political economy 2-5 Collectivism and Individualism Collectivism refers to a system that stresses the primacy of collective goals over individual goals Collectivism can be traced to the ancient Greek philosopher Plato Today, socialists support collectivism When collectivism is emphasized, the needs of the society as whole are generally viewed as being more important than individual freedoms 2-6 Collectivism and Individualism Socialism Modern socialists trace their roots to Karl Marx who advocated state...
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...Run the “Business Regulation” Simulation. Develop a 1,400-1,800-word paper (including tables) in which you do the following: a. Identify the key facts, regulations, and legal issues in the simulation. b. Based on the simulation, identify several of Alumina’s values and stakeholders. What are the conflicts among the competing stakeholders, and how does this constitute an ethical dilemma? c. Analyze risks presented. Considering alternatives not contained in the simulation, recommend a solution for Alumina and evaluate it in the context of Alumina’s legal position. Justify your recommended solution. d. How well does your recommended solution address the ethical dilemma identified in item b? How well does it align with Alumina’s values? Learning Objectives See Week 3 objectives listed in the rEsource material or module. Required Reading Read the materials for Week 3 on your rEsourceSM course page. Read Ch. 7, 13, 14, 15, and 17 of Business: Its Legal, Ethical, and Global Environment. Assignments Run the “Contract Creation and Management” Simulation on your own before meeting with your Learning Team. Identify the elements of a contract and specify where (or if) they are present in the simulation. For purposes of helping you to analyze the assignment, divide the Learning Team into two sides, one representing the party needing the software and the other representing the party designing the software. Each party should identify...
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...Discussion on the community rights theory of characteristics of stock ownership Wang He Law School of Fudan University Abstract::This article is based on the community rights theory which plays the dominant role in the contemporary academic debates about the nature of stock ownership, including the theory’s crucial points and ideas, its advantages as well as the disadvantages, then express the writer’s personal view about it. Key words:stock ownership,community rights,independence,property,one man’s company The stock ownership is used to definite shareholder’s a series of equities about the economic interests and operating management based on contribution to the investment. The Article IV in Corporate Law of china also regulate the shareholder’s rights. There are widespread debates and discussions about the characteristics of stock ownership for it’s significance to solve the problems with in the government-owned enterprise and the shared corporation, especially after the reformation in 1990s.The community rights theory holds most supporters, and it’s being taken as a popular theory. General summary and superiority of community rights theory This theory holds the view that the identity of community member in profit community is the fundamental prominent of shareholder’s rights, namely that shareholder’s rights is one of the community rights. The community rights theory was proposed by German scholar Renaud in 1875, and it divided into two main streams(single rights...
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...attendance during each class period and to record it accurately on their permanent roster. This data is available for verification of attendance by the appropriate governmental agencies and educational accrediting organizations. A student who is absent from four consecutive class meetings, excluding holidays and emergency cancellation of classes, will be withdrawn automatically from that course. A student will be withdrawn automatically from a mini-session course when he/she misses two consecutively scheduled class meetings. Students not attending scheduled on-ground classes will receive zero points for the weekly discussions. Students arriving to class (or leaving class) more than 30 minutes late/early will receive a 2 point deduction for all discussions. Students arriving (or leaving class) more than 1 hour late/early will receive a 5 point deduction for all discussions. Late Work Submissions If a student anticipates the need to submit work after the due date and the reason for the late submission is covered by the illness/exceptional circumstances policy, then the late policy for academic assignments covered herein does not apply. Students who submit work after the assigned due date that is not covered by the exceptional circumstance...
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...survey of federal and state laws and judicial systems governing and/or affecting information security. Topics include the effects on information security of cyber-business regulation, doing business on the Internet, privacy laws, taxation, protection of intellectual property, electronic privacy, wiretapping, and cyber-squatting. In addition, students examine ethical issues, forensics, and evidence of cyber-crime. (No Prerequisite) | | | Terminal Course Objectives | DeVry University course content is constructed from curriculum guides developed for each course that are in alignment with specific Terminal Course Objectives (TCOs). The TCOs define the learning objectives that the student will be required to comprehend and demonstrate by course completion. The TCOs that will be covered in detail each week can be found in the Objectives section for that particular week. Whenever possible, a reference will be made from a particular assignment or discussion back to the TCO that it emphasizes. A | Given the importance of Law, Investigation, and Ethics in Computer Security, develop an understanding of the operation of the American legal system, including how the interpretation of statutes, judicial precedents, and legal reasoning affect information security. | B | Given the global nature of the Internet, evaluate how doing business on the Internet may subject you and your company to the laws, regulatory agencies, and judicial systems of multiple states and/or foreign countries....
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...|Contemporary Business Law | Copyright © 2011 by University of Phoenix. All rights reserved. Course Description This course reviews the U.S. legal system, common law and its development, organizational structures, and the regulatory environment pertinent to business. Students will learn to critically examine torts, crimes, and business ethics. They will also examine contracts; business associations including agencies, partnerships, and corporations; wills, estates, trusts, and other legal entities; securities regulations; and investor protections. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Melvin, S. P. (2011). The legal environment of business: A managerial approach: Theory to practice. New...
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...LYSIS LEGAL ANALYSIS- CASE REVIEW IS LLOYDS BANK V. ROSSET[1] STILL GOOD LAW? Thesis Lord Bridge’s ruling has for two decades witnessed a barrage of scholarly criticism, albeit correctly as the decision opened a window to deny the application of justice. It is no longer important in law as jurisprudence has developed. Introduction This paper sets to look at the ever evolving legal jurisprudence[2] in the courts, as one of the sources of the law in England. Having been decided in 1990, there have been several developments in the legal and international circles to warrant a re-look at the then precedent setting decision of the House of Lords concerning land law. Being a member of the EU, the UK has had to align most of its laws and regulations to fit into the EU treaty[3]. This is due to the superiority of the region’s law over municipal law[4]. The foregoing case, Lloyds Bank v. Rosset, (Plummer, 1990) shall herein be referred to as the Rosset case. Facts of the case A couple, Mr. and Mrs. Rosset undertook to jointly buy a family house, which was to be financed from a family trust fund in the name of the husband, in whose name the trust was. The house required patchworks and renovations after the purchase and the couple undertook to jointly manage the renovations from the site, a side of internal house renovations that they did. Unbeknown to the wife, the trust was unable to comprehensively fund the house repairs forcing the husband to acquire an overdraft...
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...|Week Three: Contracts | | |Details |Due |Points | |Learning Team |Review the assignment options described below. These options are found in the University of | |10 | |ERM Paper |Phoenix Material: ERM Paper located on the student website. | | | | | | | | | |Option 1: Write a paper of no more than 1,750 words in which you identify potential tort | | | | |risks that arose in the Business Regulation simulation. Identify a tort violation from the | | | | |simulation. Then use the 7-step process as defined in the Harb article to apply the risk | | | | |management process to mitigate the business risk associated with that violation. | | | | | ...
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...National Differences in Political Economy Learning objectives • Understand how the political systems of countries differ. • Understand how the economic systems of countries differ. • Understand how the legal systems of countries differ. • Be able to explain what determines the level of economic development of a nation. • Discuss the macro-political and economic changes taking place worldwide. • Describe how transition economies are moving towards market based systems. • Articulate the implications for management practice of national differences in political economy. This chapter discusses differences in national political, economic, and legal systems, highlighting the ways in which managers in global settings need to be sensitive to these differences. Political differences are described along two dimensions: collectivist vs. individualist and democratic vs. totalitarian. Economic systems are explored in terms of market characteristics: market economies, command economies, and mixed economies. Legal systems are discussed in terms of the protections they offer for business: intellectual property, product safety, liability and contracts. The opening case explores the political and economic situation in Venezuela since Hugo Chavez was elected president in 1998. The closing case describes the challenges facing Indonesia, a vast country populated mainly by Muslims that stretches over 17,000 islands. Indonesia...
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...separate legal entity for most legal purposes. d. An entity created by following statutory requirements. Gleim [ii]. The partnership agreement is an express contract among the partners (the owners of the business). Such an agreement generally does not include a. A limitation on a partner’s liability to creditors. b. The rights and duties of the partners. c. The allocation of income between the partners. d. The rights and duties of the partners in the event of partnership dissolution. Gleim *. A partnership records a partner’s investment of assets in the business at a. The market value of the assets invested. b. A special value set by the partners. c. The partner’s book value of the assets invested. d. Any of the above, depending upon the partnership agreement. RPCPA 0598 [iii]. When property other than cash is invested in a partnership, at what amount should the noncash property be credited to the contributing partner’s capital account? a. Fair value at the date of recognition. b. Contributing partner’s original cost. c. Assessed valuation for property tax purposes. d. Contributing partner’s tax basis. AICPA 0594 F-35 [iv]. When property other than cash is invested in a partnership, at what amount should the noncash property be credited to the contributing partner’s capital account? a. Fair value at the date of contribution. b. Contributing partner’s original cost. c. Assessed valuation for property tax purposes...
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...KIMEP SUMMER PROGRAM 2011 The International Legal Environment of Cross-Border Transactions Professor Jason W. Levine Contact Information: jasonwlevine@hotmail.com If you need something from me, do not rely on communicating it to me via email. Come to see me about it. COURSE DESCRIPTION AND LEARNING OUTCOMES In this course, we will study how transnational firms manage the risks of trade in goods and services, the protection and licensing of intellectual property, and foreign direct investment. We will examine both private and public law issues from both an international and comparative perspective, focusing on transactional aspects of international business. You will learn about international business law, international business transactions, and the law of international trade and investment, as well as general principles of the law of nations and the work of various intergovernmental organizations such as the WTO and the UN. You will study both foreign laws and case decisions for comparison purposes, to illustrate differences in legal and economic systems, and to offer examples of doing business in other countries. The course will look at the resolution of international disputes, liability of air and sea carriers, sales contracts, the WTO, NAFTA, GATT, the European Union, labor law, environmental law, and intellectual property rights. You will also learn, through doing, how to lead discussion in group settings, how to direct a group, and how to motivate...
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