chapter 01: business and its legal environment
DESCRIPTION
Class slides for BUS 263, Jan. 14, 2014.TRANSCRIPT
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Chapter 1: Business and
Its Legal Environment
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Form teams
• 4 teams: count off 1 through 4
• Introductions
• Team Name
• Roster
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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
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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.”
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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?!?
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In re: Troy Davis
• Convicted of murder
• No physical evidence
• Eyewitness testimony only
• 7 of 9 witnesses recanted
• Number one cause of false convictions?
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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.”
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Sources of Law
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Common Law
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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
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Precedent
• Case of first impression
– No precedent
• Factual Distinction
– Different facts = different results
• Overruling
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Law Courts
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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