Assignment 1

1. A) The 4 sources of U.S. Law:
-constitutional law
-statutory law
-administrative law
-common law

Common law is a law found in the decision of the courts rather than in statutes.
Statutory law is the body of law enacted by legislative bodies as opposed to constitutional law, administrative law or case law.
Administrative law is the body of law created by administrative agencies in the form of rules, regulation,orders and decisions in order to carry out their duties and responsibilities.
Constitution law is the body of law derived from the U.S. constitution and the constitutions of the various states.

B)
Common law is the body of law developed from custom or judicial decisions in english and U.S. courts, not attributable to a legislature. The commom law came from the early english courts, after the Normans conquered England in 1066, William the conqueror and his successors began the process of unifying the country under the rule. The kings courts sought to establish a uniform set of rules for the country as a whole and what led to the common law. It's very important to U.S. law because it underlies judge's decisions in legal controversies.

2.)

The key objective of a company is the marketing's part to develop a satisfying relationship with the customers, and both the customer and company benefits from. Providing outstanding business ethics, which constitutes right behavior, fairness, justness, and rightness. Marketing professionals have a duty to act honestly and ethically in their dealings with consumers and the environment. If a business does not have a good business ethic, the only thing that will be the outcome is the company suffering losses, bankruptcy, and causing thousands of workers to lose their jobs. Having the proper business ethics is very important, so companies can avoid paying the price. The minimum acceptable standard for