1 / 9

Introduction

Introduction. Business Law I Professor: Gilma Diaz-Greco, Esq. E-mail: gdiazgre@mdc.edu Bus. Dept. Ph: (305) 237-2375. Grading Criteria. Test: 90% Attendance: 5% Class participation: 5%. MDC- Grading Policy. A= 90-100% B= 80-89% C= 70-79% D= 60-69% F= Less than 60%.

acacia
Download Presentation

Introduction

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Introduction Business Law I Professor: Gilma Diaz-Greco, Esq. E-mail: gdiazgre@mdc.edu Bus. Dept. Ph: (305) 237-2375

  2. Grading Criteria Test: 90% Attendance: 5% Class participation: 5%

  3. MDC- Grading Policy A= 90-100% B= 80-89% C= 70-79% D= 60-69% F= Less than 60%

  4. Chapter 1THE NATURE AND SOURCES OF LAW

  5. Nature of Law and Legal Rights • Legal Rights: legal capacity to require another person to do or not do an act. • Individual Rights: e.g., right of privacy, which protects us from unreasonable searches and intrusion into or disclosure of our private affairs. • Privacy and Technology is growing concern. • Legal Duties: legal obligation imposed upon a person to do or not do an act. • Rights and Duties co-exist.

  6. Sources of Law • Law consists of the pattern of rules established by society to govern conduct and relationships. • These rules can be expressed as: • Constitutional provisions, • Statutes, • Administrative regulations, and • Case decisions by courts of law

  7. Sources of Law Federal (U.S) Constitution State Constitution Federal (U.S. Congress) State Legislatures Local Gov’t (City, County) Federal Administrative Agencies State Administrative Agencies Constitutional Law The National Conference of Commissioners on Uniform State Law has drafted statutes on various subjects to try to achieve uniformity among state statutes. Statutory Law Administrative Law Treaties and Executive Orders Common Law – made up of tradition and court precedent; may be repealed or strengthened by case law and statutory law. Case Law– laws made by decisions of a court; also courts may enforce common law rules

  8. Classification of Law • Substantive law creates, defines and regulates rights and liabilities. • Procedural law specifies how rights and liabilities are enforced. • Civil law is of Roman origin; common law is of English origin.

  9. Classification of Law • Law may be described in terms of the subject to which it relates, such as estate law or contract law. • A special category of law is the principle of equity, used in special cases for which the standard law does not provide adequate remedy.

More Related