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Week 1 Review

Sources of Law, Business Ethics, our Court System, as well as ADR methods

QuestionAnswer
What is Law? The order or pattern of rules that society establishes to govern the conduct of individuals and the relationships among them
A right can exist? Only if there is a corresponding duty.
What is the difference between Law and Equity? Law: Rules created by society to govern people's conduct and their relationships. Equity: Provides fair remedies when legal rules are inadequate or would lead ti unfair results
Explain the difference between Rights and Duties. Right: The legal capacity to require another person to perform or refrain from action Duty: An obligation of law imposed in a person to perform or refrain from performing a certain act
What is business Ethics? Balances profit goals with individual and societal values.
True or False: Protection of the state, protection of the person, protection of property are goals of Business Ethics and Regulation? True
True or False: Doing no harm is a Category of Ethical Behavior? True
The United States Supreme Court was created by? The U.s Constitution
Created by: DeniseBentley4
 

 



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