chapter 01: business and its legal environment

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Class slides for BUS 263, Jan. 14, 2014.

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Page 1: Chapter 01: Business and Its legal Environment

Chapter 1: Business and

Its Legal Environment

Page 2: Chapter 01: Business and Its legal Environment

Form teams

• 4 teams: count off 1 through 4

• Introductions

• Team Name

• Roster

Page 3: Chapter 01: Business and Its legal Environment

Quiz

• Closed book/closed notes

• Put away phones until I take up the quiz

• You may collaborate with your team

• You are responsible for the answers on

your quiz

• You do not have to choose the same

answers as your team

Page 4: Chapter 01: Business and Its legal Environment
Page 5: Chapter 01: Business and Its legal Environment
Page 6: Chapter 01: Business and Its legal Environment

Natural law

• “the Laws of Nature”

• “We hold these truths to be self-evident,

that all men are created equal, that they

are endowed by their Creator with certain

unalienable Rights, that among these are

Life, Liberty and the pursuit of Happiness.”

Page 7: Chapter 01: Business and Its legal Environment
Page 8: Chapter 01: Business and Its legal Environment

Positive Law

• “We, the People, in order to form a more

perfect union . . . do ordain and establish

this constitution.”

• 5th Amendment: “No person . . . shall be

deprived of life, liberty, or property without

due process of law.”

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SO?!?

Page 10: Chapter 01: Business and Its legal Environment

In re: Troy Davis

• Convicted of murder

• No physical evidence

• Eyewitness testimony only

• 7 of 9 witnesses recanted

• Number one cause of false convictions?

Page 11: Chapter 01: Business and Its legal Environment
Page 12: Chapter 01: Business and Its legal Environment

In re: Troy Davis • Scalia: “This Court has never held that the

Constitution forbids the execution of a

convicted defendant who has had a full

and fair trial but is later able to convince a

habeas court that he is 'actually' innocent.”

• Stevens: “The substantial risk of putting an

innocent man to death clearly provides an

adequate justification for holding an

evidentiary hearing. Simply put, the case

is sufficiently 'exceptional' to warrant our

original habeas jurisdiction.”

Page 13: Chapter 01: Business and Its legal Environment

Sources of Law

Page 14: Chapter 01: Business and Its legal Environment

Common Law

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Page 16: Chapter 01: Business and Its legal Environment
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Page 18: Chapter 01: Business and Its legal Environment

Stare decisis

• “To stand by things decided”

• Precedent: similar cases ought to have

similar results

• Mandatory

– Issued by a superior court in the same

jurisdiction

• Persuasive

– Issued by a different jurisdiction

Page 19: Chapter 01: Business and Its legal Environment

Precedent

• Case of first impression

– No precedent

• Factual Distinction

– Different facts = different results

• Overruling

Page 20: Chapter 01: Business and Its legal Environment

Law Courts

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Page 30: Chapter 01: Business and Its legal Environment

Equitable remedies

• Injunction

• Specific performance

• Recission

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Photo credits Law: http://www.flickr.com/photos/biscuitsmlp/

Jefferson: http://www.flickr.com/photos/tonythemisfit/

Madison: http://www.flickr.com/photos/nostri-imago/

Eyewitness: http://www.flickr.com/photos/floridaconference/

Langdell Hall: http://www.flickr.com/photos/zaniac/

William the Conqueror: National Portrait Gallery, London

Bayeux Tapestry: Musée de la Tapisserie de Bayeux

Day Glow: http://www.flickr.com/photos/stevec77/

Fishpool coins: http://www.flickr.com/photos/paullew/

One Way Street: http://www.flickr.com/photos/stevensnodgrass/

Lawn: http://www.flickr.com/photos/grahamking/

Muddy Tracks: http://www.flickr.com/photos/tupwanders/

extras: http://www.flickr.com/photos/fuschia_foot/

Stop: http://www.flickr.com/photos/misteraitch/

Cromwell: http://www.flickr.com/photos/60861613@N00/

Court of Chancery: http://www.flickr.com/photos/lwr/

United States: http://www.flickr.com/photos/tom1231/

Napoleonic Code: http://www.flickr.com/photos/zilavy/

National Constitution Center: http://commons.wikimedia.org/wiki/User:Jvinocur

United States Statutes at large: http://en.wikipedia.org/wiki/User:Coolcaesar