premise itself has created a distinct medium for business opportunities. The Social Media Marketing Manager, is at the forefront of utilizing social media outlets for consumer transactions. While Social Media is far from a fledgling arena, it is still a relatively new aspect to consider for instances of commerce to take place. Social Media outlets can effectively be viewed as frontier like, especially when considering the legal aspects of any business being conducted within the realm of cyberspace
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Problem 1 ISSUE Is the terms of Ash’s contract with Davis Car Rental Pty Ltd unfair under the ACL? LAW ACL s.23 states that a consumer’s contract is unfair if: * It causes a significant imbalance in the parties’ rights and obligations, * It is not reasonably necessary to protect the legitimate interests of the business; and * It would cause detriment to the consumer. APPLICATION The car hire contract is considered as a standard form of consumer contract because Ash paid a deposit
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Role and Function of Law Ron Metz January 13, 2013 LAW/421 Tom Poulton Role and Function of Law The definition of law is “a body of rules of action or conduct prescribed by controlling authority, and having a legal binding force (Melvin, 2011, pg. 4).” Laws create duties, obligations and rights that reflect the accepted views of any given society. The most obvious purpose of laws is to provide order that defines crimes and levies punishment for violation of the crimes. It also helps to resolves
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CHAPTER 1 – KNOWLEDGE OF LAW AS A BUSINESS ASSET • Business law – a set of established rules governing commercial relationships, including enforcement of rights o Defines general rules of commerce o Protects business ideas and tangible forms of property o Provides mechanisms allowing selection of desired participation and exposure to risk in business ventures o Ensure losses are borne by those responsible o Facilitates planning by ensuring compliance with commitments • Law – set of rules and principles
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Chapter 1 Nature of Law | Definition of Law “a rule of civil conduct prescribed by the supreme power in a state, commanding what is right, and prohibiting what is wrong’ (Blackstone)Functions of Law to maintain stability in the social, political, and economic system through dispute resolution, protection of property, and the preservation of the state, while simultaneously permitting ordered change. Legal Sanctions are means by which the law enforces the decisions of the courts.Law and Morals
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PACE UNIVERSITY Law 101 - Business Law I CRN 70058 Fall 2015 Professor Frank G. Colella Wednesdays 9:00 AM – 12:00 PM Syllabus Text: Anderson’s Business Law and the Legal Environment Comprehensive Volume/22nd Edition/Twomey & Jennings Course Objectives 1. 2. 3. 4. 5. 6. To acquaint students with the basic laws governing contracts, torts, crimes, consumer protection, and administrative agencies. The nature and sources of law, the court system, alternate dispute resolution, and
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Local Lawsuit Deborah Riley Professor Maria Toy LEG100 – Winter 2012 January 29, 2012 Question #1 - Summarize the actions that lead to the lawsuit. In the suit Board of Trustees of Community College District No. 508 v. Coopers & Lybrand, the Board filed suit due to Cooper’s failure to report discrepancies and inappropriate investments by the Treasurer and Chief Financial Officer Phillip R. Luhmann. According to Kilbride (2003, p.1), “in 1988, 1990, and 1992, the Board Adopted
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Arbitration is a form of alternative dispute resolution outside the formal structure of law and court procedure, would provide a suitable alternative that was just, accessible, efficient, timely and effective. In choosing arbitration, an arbitrator listens and decides the case like and the parties choose a private dispute resolution procedure instead of going to court. Now, I would like to discuss some advantages and disadvantages of arbitration over litigation. Advantages of arbitration over litigation:
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Business law Hypothetical 1 Due date: Hypothetical 1 Question presented: What evidence does the Communication Workers of America have to prove that there is work available for the sixty three workers that have been laid off? Rule of Law: If there is a standing agreement between Verizon communication and Communication Workers of America which is the free exercise of managerial function such as hiring and firing employees then the agreement should be honored. Relevant Facts: Verizon
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OF GOODS LAW Businesses as well as consumers are usually free to enter into contracts on whatever terms they see fit to agree. However, contracts involving sales of goods can be subject to a range of statutory provisions. Consumers have greater protection than buyers who are ‘dealing in the course of a business’. ‘Let the buyer beware’ or ‘caveat emptor’ does not apply to all transactions and anyone selling goods in the course of a business to consumers should be aware that the law will imply
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