Law body of enforceablerulesgoverning relationships amongintiritualsandbtwintrintualsand

society
ledgesthat are consistentw valuesanbbeliefsof a societyor its
establishrightsduties priv
rulinggrap
Business ActivitiesanbtheLegalEnvironment

Liability thestate ofbeinglegallyresponsible forsomething debt obligation

Businessmen need to consier
manyaspects of the lawwhenmaking
business decisions
inorierto
determine legaland
ethicalconsequencesoftheiractions

Breach failuretoperform alegalobligation

Nomatterthefieldofbusiness whethermanagementmarketingsalesaccountingetc an understanding

of legalconceptsisessential
Sources of AmericanLaw

PrimarySource of Law a documentthatestablishesthelaw as aparticularissuesuch as Constitution

a statute anadministrativerule or a cartdecision

examples U.S Constitutions Stateconstitutions statutespassedbyCongress regulationscreatedby

aluministrativeagencies

SecondarySources of Law Apublication thatsummarizesorinterpretsthelawsuchas alegalencyclopedia

alegaltreatise or anarticlein a lawreview

Constitutional Law

ConstitutionalLaw thebayof lawderivedfrmtheU.S Constitutionanbtheconstitutionsofthevarious

States

basis of all law in US

if a law is declaredunconstitutional incart it winnotbeenforced

StatutoryLaw
StatutoryLaw thebodyoflawenactedbylegislativebodies asopposedtoconstitutionaladmin or caselaw
Citation arefrenceto a publicationinwhicha legalauthority suchas a statuteor a cartdecisionor
othersourcecanbefario

Orlin
once a regulationenactedby acityorcanbyslegalboythatbecomes a part ofthatstate'sstatutorylaws

UniformLaw amodeltoodeveloped
bytheNationalConferenceof CommissionersonUniformStateLawsforthestakes
 g

exampleTheUniformCommercialCode UCC wasaborted

commercial transactions
by an 50Statestoprovide auniformset ofrulesgoverning

AdministrativeLaw

rulesoversanbregulationsfromadminagencies

CaseLawandCommonLawDoctrines

CaseLaw rulesof law amarket in cart decisions CaseLawinterpretsstatutesregulationsconstitutionalprovisions

anbothercaselaw

portof ourcommonlawtoalibion
TheCommonLawTradition
muchofAmericanlegalsystemisbasedonEnglishlegalsystem
Common law thebodyoflawdevelopedfuncustom orjudicialdecisions inEnglishandU.Scarts notattributable
to alegislature
Precedent a cartdecisionthatfurnishes anexampleorauthorityforbeatingsubsequentcasesinvolvingidentical
or similarlegalprinciplesor facts

StareDecisis acommonlawdoctrineunberwhichTroyesareobligated tofollowtheprecedentsestablished inpriorbeisions

oncea carthassetforthaprincipleoflaw asbeingapplicableto acertainsetoffactsthatcartand
lower carts mustadheretothatprinciple anoapplyit infuturecasesinvolvingsimilarfactpatterns

makeslawmorestable antpreliotable

BirdingAuthority anysourceoflawthata cartmustfollowwhenbeating a oase

PersuasiveAuthority legalauthorityorsourceoflawthat a cartmaylooktoforguidancebutnotnotfollowwhenmaking

a decision

usuallyforonewithnolegalpresent casesoffirstimpression
EquitableRemediesandCarbsofEquity

Remedy thereliefgivento aninnocentpartytoenforce a

rightorcompensatetheviolationofaright
Equityis abranchoflawfanbeb ar notionsofjusticeanbfairness

PlaintiffOnewhoinitiatesalawsuit
Defendant Oneagainstwhomalawsuitisbrought ortheaccusedpersonin acriminalpreceding
 a carb ofequityoaubissue adecreeforaspecificperformance anordertoperformwhatwaspremise
or an injunction directingapartytodoorrefrainfrom aparticularact

today legalandEquitycartshvmerged

maxims generalpropositions or principlesoflawthathvtodo w fairness

EquitablePrinciplesand

proveguidanceinbeatingwhetherplaintiffsShaubbegrantedequitablerelief
SchoolsofLegalThought

Jurisprudence thescienceorphilosophyoflaw
NaturalLaw oldestSchool basedon thebelief
thatthelegalsystemsharkreflectuniversalmoralanbethicalprinciplesthat
areinherenttohumannature

notion of naturalrights stemsfromthisSchool

LegalProtectionism centered an assumptionthatthereis nolawhigherthanthelawscreatedby anationalgas

Lawsmustbeobeyedevenifunjust topreventanarchy
humanrightsexistSoleyblooflaws

HistoricalSchool lookstopasttodeterminewhattheprinciplesofcontemporarylawshould be

legal doctrinesthathvworkedinthepast andsurvivedthepassageoftime arebestforshapingpresentlaws

legalRealism howsthatlaw isonlyonefactortobeconsidered whenbeatinglegaloasesandthatsocialandeconomic

circumstancesshouldalsobe
takenintoaccount

classificationsof Law

oneclassificationbreakslawupinto substantiveanbprocedural
SubstantiveLaw Lawthatdefines describes regulatesandcreateslegal
rightsanbobligations
ProceduralLaw
lawthatestablishesthemethodsofenforcingtherightsestablishedbysubstantivelaw
Otherclassificationsincludestateandfederallaw publicandprivatelaw

b
personsan personsand
gu persons

law aninformaltermused toreferto all lawsgoverningtransactionscanluebedviatheinternet

Cyber

not a newclassification rathera modification oftraditionallegalprinciplestoapplytoonlineworld

CivilLawandCriminalLaw
CivilLawbranch oflawdealingw thedefinitionanbenforcementof all privateorpublicrights asopposed
 1
Criminallawsbranchof lawthedefinesandpunisheswrongfulactionscommittedagainstthepublic

CivilLawSystem a system of lawderivedfromRomanLawthatisbasedoncodifiedlaws

ratherthan caseprecedent
NationalanteInternationalLaw

national law lawthatpertainsto aparticularnation

Internationallaw lawthatgovernsrelationsamongnations

derivefromnationallaw Customsdevelopedamongnationsinternationaltreatiesandorganizations

enforcementisdifferentunderinternationallaw b cthereistypically no Supremebody