Classifications of Law The classification of law starts with the understanding of the two major legal systems, common law and civil law. Common Law is the legal system that emphasizes the role of judges in deciding the meaning of laws and how they apply as a whole. Civil law is relies more on legislation than judicial decisions to determine what the law is. Like common law nations decide the facts in a disputed case, but civil law courts are not obligated to follow recent judicial decisions or
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and police are represented by public-sector unions. 2. Favorable public-sector labor laws appear to be a significant factor encouraging growth in public-sector labor relations. 3. A major advantage of the Civil Service Reform Act (CSRA) was that it established the framework for labor relations in the federal government by legislation, instead of by Executive Order. 4. If a governmental unit privatizes a government service to a private business, the private employer is likely to be covered
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BUS 850: Business Law (Assignment) Masters of Risk Management (Year 1) Matriculation Number: 139022060 1. Definition of Private Company 2. Definition of Public Company 3. List the differences between a Private and Public company by the use of a differential table Brief: According to Companies and Allied Matters Act, LFN 2004 (CAMA) Part II Chapter 1 section 18 to section 26 under the Incorporation of companies and incidental matters as regards Formation of Company.
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members/directors 3. Unlimited members so can raise as much capital as requied B Differences between plc company and a private limited company Private can be limted by shares limited by guarantee and unlimited, public can only be limited by shares The company name private must have ltd and public must have plc Private companys only need 1 director public must have at least 2 Public can offer shares to public private cant C Promoters of company have to Lodge with Registrar of Companies
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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
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Functions and Roles of Law in Business LAW/421 December 16, 2013 Jane Schneider Functions and Roles of Law in Business I believe that the functions and role of laws in businesses and society are very integrated and important. Laws are used in order to ensure that businesses don’t monopolize the market just as an example. Laws are also very important because they ensure that businesses treat their employee’s correctly, they are used to regulate the relationship between employees and the business
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Laws create a guideline for a way a company must run and how it needs to conduct itself. Ethics of a company are a guideline for how the management and employees of a company should conduct themselves regardless of their own personal views and ethics. Laws explain on what we are able to do whereas ethics explains about what we should always do (Ethicaledge, 2008). Both laws and ethics allow a company to run properly. If a company does not run by the laws that are in place they are likely to be
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in the 16th and 17th centuries were used to punish people who could not pay their taxes, and rent among other things they were called Debtor’s prison these were a form of a work house. A public display of punishment for a convicted criminal such as stock’s even branding. In the 18th century this is when the public started opposing the death penalty except for serious crimes such as murder. From the mid 18th century to be imprisoned meant hard labor for those who committed petty crimes. By 1777 John
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Running Head: International Law International Law Nathaniel Coakley Troy University IR 5552 Dr. James F. Rinehart April 29, 2011 6407 FLATROCK RD #4 COLUMBUS, GA 31907 According to Slomanson, International Law is defined as the body rules that which nations consider binding in their mutual relations. It is assumed that all nations or states mentioned in this definition are a sovereign state. International Law has become much broader in scope with the increase of
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Journal of Business Cases and Applications The state of accounting in Egypt: a case Khaled Dahawy The American University in Cairo Nermeen F. Shehata Cairo University Tad Ransopher Georgia State University Abstract Egypt, one of the largest Middle East economies, is beginning its transition to a market economy. As a developing nation, Egypt has witnessed several changes in its accounting system during last two decades. This case provides an analysis of the Egyptian accounting system
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