Notes, summaries, assignments, exams, and problems for Law & Jurisprudence

Lecture 3: The Individual Businessperson

People: natural person who carries out a business activity in their own name and account. - Finances activity with personal funds or borrowing. - Capacity: must be of age and free to dispose of assets. - Particular Presumption: if a minor or incapacitated, representation is needed. Management: - Simple start-up process: no legal process required. - Investment: capital limits set by the entrepreneur. - Total control: bears all costs, management duties, investments. Disadvantages for individual businesses: 1. Taxing: pay more if profits are higher. 2. Liability for Debts: debtor is liable with all present and future assets. 3. Assets Subject to liability of the businessperson. 4. Economic Marriage Settlement:... Continue reading "Types of Business Entities and Legal Obligations" »

State Based on the Rule of Law (Estado de Derecho)

The Constitution

1-Kind of Biz

The first thing which man is extending to enter into a biz has to consider is the kind of the business he should take up. There are so many classes & subclasses of Biz. And to pick up the best and most profitable line out them requires considerable knowledge experience for sight.

2. Forms of Biz Org :

Once the actual biz is to launched upon is decided the next logical question coming up for consideration is the form of biz establishment is to take up other words it has to be settles whether is to be one man's biz or partnership or JSC.

3. Estimation of profitability of biz:

Next is to estimate the profitability of the biz which the product and service are going to be sold.

4.Size of biz:

There are 3 type of biz via manufacturing,... Continue reading "Essential Considerations for Starting a Business" »

Judicial Activism

“Judicial activism” refers to actions by courts to nullify or refashion government laws and policies.

Legislative Supremacy

Established by the Constitution Act of 1867, legislative supremacy grants Parliament the authority to enact laws on any topic within federal jurisdiction.

Pith and Substance

A legal doctrine used to determine which level of government has authority over a particular matter. It focuses on the essential character of the law.

Residual Power

Power held by a governmental authority after specified powers have been delegated to other authorities.

Intra Vires

Within the government's jurisdiction. Indicates that an agency has authority over a matter and can take specific actions.

Ultra Vires

Beyond the government's jurisdiction.... Continue reading "Canadian Constitutional Law: Key Concepts and Principles" »

Chapter 1 Review: Understanding Risk

Key Risk Management Terms

Types of Risk

• Systemic Financial Risk: Risk that affects the entire economy or system, not just individuals.
• Risk: Uncertainty about a future outcome, particularly a negative one.
• Pure Risk: Risk with the possibility of loss but no chance of gain.
• Speculative Risk: Risk with the possibility of both gain and loss.
• Fundamental Risk: Risks that are pervasive to the whole economy, also known as "systemic" risk.
• Diversifiable Risks: Risks that can be mitigated by having a broad mix of risk exposures.

Risk Attitudes

• Risk Averse (Avoider): Prefers to avoid risks and seeks security.
• Risk Seeker (Taker): Enjoys taking risks.
• Risk Neutral: Preference lies between risk averse and risk seeker.

Risk Management

BBRG's Mission Statement

"We strive to be the best Italian restaurant company in America, and we want our people to know they work with the best. We will develop loyal, lifelong guests by delivering the highest quality food and service to each guest at each meal, each and every day."

Service Commitment

At BBRG, we provide flawless service of our world-class product. We seek to employ team members who share in that hospitality commitment and possess a desire to serve. If we should miss the mark, recovery is a must, as exceptional service breeds exceptional loyalty from our highly satisfied guests.

Menu Highlight

Grilled Mahi - Lightly breaded mahi on a bed of farro, spinach, tomato, and basil vinaigrette.

Essential Steps for Buying a Used Car

Follow... Continue reading "BBRG: Italian Dining Excellence & Used Car Buying Tips" »

Legal Terms Glossary

A

Adjournment

A pause or rest during a formal meeting or trial, or the act of giving a pause or rest.

Adjudication

A legal ruling or judgment that is typically final.

Adversarial System

A system by which the accused and the accuser present their arguments in court to be decided by a third party.

Affidavit

A type of verified statement or showing.

Appeals

The process of applying to a higher court for the reversal of the decision of a lower court.

Aquittal

To free someone from a criminal charge by a verdict of not guilty.

Arraignment

The scheduled appearance where the accused either pleads guilty or not guilty.

C

Claimant

Complainant.

Conditional Sentence

Jail in the community; the offender serves the sentence outside of jail.

Cross-Examination

The... Continue reading "Legal Terms Glossary: From Adversarial System to Transcript" »

Organizing Transportation

Unit Load Device

Pallet or container used to load luggage, freight, and mail on wide-body aircraft and specific narrow-body aircraft.

Full Container Load

Standard container that is loaded and unloaded under the risk and account of the shipper or consignee.

Container Yard

Port facility at which containers are accepted for loading onboard ships, and off-loaded containers are delivered to the consignees.

Less Container Load

Shipping term for cargo that is insufficient either in quantity or weight to qualify for the freight rates applied to a standard shipping container.

Customs Policy

Customs is an authority or agency in a country responsible for collecting tariffs and for controlling the flow of goods into and out of a country.... Continue reading "International Shipping Glossary: Understanding Key Terms & Processes" »

26.The Supreme Court case Miranda v. Arizona (1966)

Criminal suspects must be informed of their Right to consult with an attorney and of their right against self-incrimination Prior to questioning by the police.

27.The Supreme Court in the case United States v. Richard Nixon (1974) ruled that Nixon must

Give up evidence but he refused

28.As president, Jimmy Carter called for a foreign Policy that stressed the importance of

Human Rights

What Have scientists discovered about the DNA structure?

It is unique and it can be used to solve issues.

30.In 1992, severe rioting In Los Angeles began in response to the

Verdict in the trial of the police in the Rodney king beating

31.In 1979, the United States responded to the Soviet Union’s invasion of Afghanistan... Continue reading "A History of American Politics and Law from 1965 to 2002" »

Ethics and Business Principles

Ethics Defined

Ethics: Moral principles, as of an individual.

Business Ethics: Balancing the goal of profits with the values of individuals and society.

Legal and Ethical Foundations

• Positive Law: Legal framework
• Natural Law: Ethical framework

Categories of Ethical Behavior

• Integrity and truthfulness
• Promise keeping
• Fairness
• Loyalty
• Doing no harm
• Confidentiality

Resolving Ethical Dilemmas (The Three Questions)

1. Is it legal?
2. Is it balanced (considering the value of fairness)?
3. How does it make me feel?

Ethical Models

Warren Buffett's perspective is often cited in ethical discussions.

The Laura Nash Model

1. Identify the problem.
2. Look at the other perspective.
3. Determine what happened.
4. Who did your decision or action injure?
5. Could you discuss