1. What are the main sources of Scots Business Law? A: The main sources of Business Law are UK Parliament (West Minister), European Parliament and Scots Legislation. Also, the others are Judicial Precedent, Institutional Writers and Custom. 2. Judicial Precedent is Superior to Statutory Law. Do you agree with this statement? A: I disagree; the judicial precedent is formed from a case law, it’s known to be the most important source in common law. A law which is implemented by the judges from
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Business Legal LAW: 1. The sum total of all the rules to live by. 2. Consistant enforcement; avoids chaos. SOURCES OF THE LAW 1. Constitution: creates rights, express rights (written in the document), implied (assumed, suggested) 2. Statetory: law passed by our elected legislators (can be modified to be updated) 3. Common Law: judge made law (Stare Decisis “stand on the decision”) Precedent (something from your past that you’ve done to use to make a decision in the present)
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Common Law Traditions and Sources of Law I want to thank all the staff for attending this meeting about legal matters. It is important that the company explains law and legal concepts to all employees. As your new manager I will ensure all information will be answered in a timely fashion. Many of our departments are cross-functional and we must discuss certain legal terms are and how they should be handled. First, lets talk about common law. Common law is “ the body of law developed from
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not having a warning on it like an orange tip. However, they would need more information to prove this one. As of right now there are zero laws that a person can be charged with using a toy gun to mimic a real one but in the article by Brad Devereaux, “Using toy guns made to look like real weapons would carry increased penalties under proposed bills” there are laws that are trying to be made to prevent people from doing using a fake one. Another crime that needs reference would be the negligence that
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* Duty of care and dillgence – statute law – s180 * S588G imposes a duty upon directors to prevent their company trading whle it is insolvent . s588G requires directors to be continually monitoring the financial status of their coy (* only apply to directors) * S181 – duties to act in good faith in the interest of coy and for a proper purpose * S 191 – duties to avoid conflicts of interest * S182&S183 – not to make improper use of position or information (* apply to employee)
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Webinarfollowup.com Week one Assignment Ronald Reeves Business Law I Professor Joel Terwilliger What is common law? English common law was law developed by judges who issued their opinions when deciding cases. The principles announced in these cases became precedent for later judges deciding similar cases. The English common law can be divided into cases decided by the law courts, equity courts, and merchant courts. Under a common-law system, disputes are settled through an adversarial exchange
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nearly insolvent but also that they had engaged in questionable business practices in the past. It is not legal to enter into a business agreement, more so a promissory note, with a dubious company. This means that General should bear full responsibility of entering into a dubious deal. (Daniel F. Hinkel, 2008) Lustro on the other hand did breach the law by assigning the note to General way before it had even matured
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to discuss, so the 3 questions and what they are dealing with Qns. 1 offer acceptance or contract Ans 2 dealing with law of fraud, negligence Qns 3 dealing with exclusion clause 150 words Question 1A What action can Packard bring against Hewlett? Your answer should include relevant case laws. Plaintiff / Offeree– Packard Defendant and Offeror – Hewlett Relevant Case Law: Calill, Pg 28 General idea – Same formula use it for other questions * Identifying whether its an offer or invitation
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16.1 Specific Performance The California and Hawaiian Sugar Company (C&H), a California corporation, is an agricultural cooperative owned by 14 sugar plantations in Hawaii. It transports raw sugar to its refinery in Crockett, California. Sugar is a seasonal crop, with about 70 percent of the harvest occurring between April and October. C&H requires reliable seasonal shipping of the raw sugar from Hawaii to California. Sugar stored on the ground or left unharvested suffers a loss of sucrose and goes
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Contract Law – Question 3 Within law, a contract aims to provide a legally binding agreement between two or more parties, mutually agreeing to the formal requirements provided within the article. The theoretically underpinnings of the contract as stated in the question are regarded as ‘monumental in attaining the perspective that will allow for substantial understanding of the basis of contract law’. However, there may be at times situations where no agreement may be reached due to certain legal
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