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Contents - Lessons & Practice

Business

Business Law I Essentials 2e

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Business Law I Essentials 2e

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Questions from the 14 chapters of Business Law I Essentials 2e. Each item asks for a term, a definition, or a claim the chapter itself states.

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Business Law I Essentials 2e

14 lessons

One lesson for each chapter of Business Law I Essentials 2e, in the book’s order. The lesson teaches what that chapter says you need to know, then checks it.

  1. 1American Law, Legal Reasoning, and the Legal SystemThe American legal system has its roots in the British legal system.
  2. 2Disputes and Dispute SettlementWhen a formal proceeding is started in the court system, alternative dispute resolution ( ADR ), or ways of solving an issue with the intent to avoid litigation , may be employed.
  3. 3Business Ethics and Social ResponsibilityBusiness ethics are considered to be the blueprint for building a successful organization.
  4. 4Business and the United States ConstitutionThe political system that divides authority to govern between the state and federal governments is known as federalism , and this too is established in the Constitution.
  5. 5Criminal LiabilityMany of the workplace violations are nonviolent crimes, such as fraud, property crimes, or drug- or alcohol-related infractions.
  6. 6The Tort SystemCivil suits arise from damages suffered by one or more persons or entities at the hands of another person or entity.
  7. 7Contract LawThe key to a contract is that there must be an offer, and acceptance of the terms of that offer.
  8. 8Sales ContractsA contract of sale is a specific type of contract in which one party is obligated to deliver and transfer ownership of a good to a second party, who in turn is obligated to pay for the good in money, or its equivalent.
  9. 9Employment and Labor LawWorkers have the right to be safe at work, and companies have responsibilities to employees in the event that they are harmed while undertaking work on behalf of the employer.
  10. 10Government RegulationCongress writes out a law called an organic statute that lays out the purpose and structure of the agency.
  11. 11Antitrust LawWhat if the two largest manufacturers of soft drinks, Coca Cola Co.
  12. 12Unfair Trade Practices and the Federal Trade CommissionThe FTC was created in 1914 to address the problem of monopolies and trusts.
  13. 13International LawIn 1945, President Harry Truman stated, “When Kansas and Colorado have a quarrel over the water in the Arkansas River they don’t call out the National Guard in each state and go to war over it.
  14. 14Securities RegulationAs explained in the previous section, many companies were initially irritated by the creation of the Securities Exchange Act of 1934, as it created a myriad of legal responsibilities and potential liabilities that…