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

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Understanding Documentary Credits in Banking

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DC (separate from contract):

Arrangement in which a bank (issuing), acting for and on behalf of the customer (buyer), pays the beneficiary (seller) a sum of money (or accepts a BE), or authorizes another bank (advising bank, confirming bank) to do so on presentation by the beneficiary of specified documents and on condition that all other credit terms are met.

BE: Unconditional order requiring payment at a fixed future time of a certain sum of money to the bearer of the draft or to the order of a specified person; endorsement.

PN: Unconditional promise to pay at a fixed future time a certain sum of money to the bearer of the note or to the order of a specified person (abstract-independence of the contract, formal requirement).

UK Legal Framework: Devolution, Judiciary, Justice

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Lecture 5: The Legal Framework

Devolution Settlements

  • Scotland – Early devolution of legislative, executive, and judicial power. Note the separate Scottish legal system.
  • Wales – Staggered process of devolution of mainly legislative and executive powers. Incremental growth from subordinate to primary legislative power.
  • Northern Ireland – Different settlement which includes mainly legislative and executive powers within a collaborative framework.
  • However, core authority for all power (legislative, executive, and judicial) remains in the hands of Parliament at Westminster.
  • Understanding the separation of powers is now incredibly complex.

Judiciary

  • Superior Courts
    • Supreme Court
    • Court of Appeal
    • High Court
    • Crown Courts
  • Inferior Courts
    • Magistrates Courts
    • County
... Continue reading "UK Legal Framework: Devolution, Judiciary, Justice" »

Employment Contract Essentials: Rights & Obligations

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Employment Contracts

What is an Employment Contract?

An employment contract is an agreement between an employer and an employee. The employee provides services to the employer in exchange for remuneration. The contract marks the beginning of the employment relationship and establishes a series of rights and obligations for both parties. The employee works under the direction and organization of the employer.

Key Elements of an Employment Contract

Essential components include:

  • Consent: Represents the free will of both parties to agree, without deception or fraud.
  • Object: Defines the obligations of each party. The work performed must be personal, voluntary, paid, and dependent (under the employer's direction).
  • Cause: The reason for the agreement –
... Continue reading "Employment Contract Essentials: Rights & Obligations" »

Essential Concepts of US Civics and Constitutional Law

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Foundational Principles of American Government

Understanding the core concepts that define the United States political system:

  • Popular Sovereignty: The political power resides within the people.
  • Limited Government: No government is all-powerful; it is restricted by law.
  • Separation of Powers: A basic principle of the American system of government, dividing authority among three independent branches: legislative, executive, and judicial.
  • Checks and Balances: A system where each branch of government can limit the powers of the other branches, ensuring no single branch becomes too dominant.
  • Judicial Review: The power of the courts to declare laws passed by Congress or actions taken by the Executive Branch unconstitutional.
  • Federalism: Power is divided
... Continue reading "Essential Concepts of US Civics and Constitutional Law" »

Essential Vocabulary: Definitions and Meanings

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Perpetual

adj. lasting forever

Infinity

n. endless or unlimited space, time or distance

Unconscious

adj. having temporarily lost awareness

Archetype

Patterns, symbol or character types that repeat across cultures

Peril

n. Danger

Decorum

n. rightness; suitability

Finite

adj. having measurable or definable limits

Depths

n. the deepest areas

Ancestor

n. people from whom others descend

Protruded

v. suck out

Tranquil

adj. calm, quiet, still

Ample

adj. Large in size; more than enough

Habitation

n. place to live; group of homes

Subject to

adj. likely to be affected by something

Adversity

n. difficulty

Conviction

n. strong belief

Affliction
: n. anything causing pain or distress.

calamity: disaster, catastrophe

Relent: v. to become more harsh; to be more merciful (ceder)

Scarce: v.

... Continue reading "Essential Vocabulary: Definitions and Meanings" »

Spanish Advertising Law: Prohibitions & Contract Types

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Understanding Advertising Regulations and Contracts

Core Principles of Truthful Advertising

Advertising must be veracious (true) and is required to inform the consumer about the qualities of the product or service.

Illegal Advertising Practices in Spain

According to the Spanish Constitution, illegal advertising practices include, but are not limited to:

  • Subliminal advertising.
  • Comparative advertising that is subjective (and therefore illegal).
  • Denigratory or misleading advertising.
  • Certain forms of product placement (e.g., undisclosed or misleading product integration in media like films).

Types of Prohibited Publicity

Several types of advertising are specifically prohibited:

Unlawful Advertising (Publicidad Ilícita)

This refers to advertising that violates... Continue reading "Spanish Advertising Law: Prohibitions & Contract Types" »

Athlete Agent Regulations: A Comprehensive Guide

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Chapter 10 Test Questions

True or False

  1. A written contract is necessary to create a valid agency relationship. FALSE
  2. An agency relationship is a fiduciary relationship. TRUE
  3. A Standard Representation Agreement for a professional sport league would be considered an apparent agency agreement. FALSE
  4. Ratification occurs when an agent did not in fact have authority to act of behalf of the principal, but the principal accepts responsibility for the agent’s acts. FALSE
  5. Most athlete agent acts such as the UAAA regulate dealings only between athlete agents and student athletes. TRUE
  6. One of the most consistent limitations imposed on athlete agents by the players associations is the registration and certification process for representing professional athletes.
... Continue reading "Athlete Agent Regulations: A Comprehensive Guide" »

Understanding Services of General Economic Interest (SGEI) and EU Financial Supervision

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Services of General Economic Interest (SGEI)

Public authorities identify Services of General Economic Interest (SGEI) as being important to citizens. These services are not supplied by market forces alone and may require public intervention.

Main Elements of SGEI

  • Act of entrustment: Formal designation of a service provider for the SGEI.
  • Public service obligation: The provider must carry out the service in the public interest under conditions defined by the State.
  • Public service compensation: Financial support to offset the additional costs stemming from the public service obligation.

Why are SGEIs Important?

SGEIs can alter the market mechanism and be a source of distortion unless properly targeted. They pose a threat to competitive neutrality. Controls... Continue reading "Understanding Services of General Economic Interest (SGEI) and EU Financial Supervision" »

The Classical Age: The Golden Age of Greek Civilization

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Athens and Sparta were the most important polis.

Athens: A New Political System

A new political system was established in Athens: a democracy or government by the people.

Institutions

  • The Assembly: A meeting of the citizens where matters of interest were discussed and magistrates were appointed. Women, metics, and slaves were excluded.
  • Boule: Their role was to draft the laws debated in the assembly and supervise the judges. Members were chosen by drawing lots.
  • Judges: They applied the decisions made by the assembly. Appointed by the assembly for a year. Some were strategists, archons, and others were treasures who managed the resources.
  • Supreme Courts: Their role was to deliver justice. Members were also chosen by drawing lots.

Sparta: An Oligarchy

Sparta... Continue reading "The Classical Age: The Golden Age of Greek Civilization" »

Expand Your Vocabulary: Key English Words Defined

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Enhance your understanding of the English language with this comprehensive list of words and their precise definitions. From Resplendent to Compromise, each entry is designed to boost your verbal skills and enrich your communication.

Resplendent

Brilliantly shining; radiant; dazzling.

Resurrection

Return to life; revival.

Retort

To make a sharp reply.

Retrospect

Looking backward; a review.

Revamp

To revise; to renovate.

Revel

To enjoy thoroughly; to take delight in; to carouse.

Revile

To scold abusively; to berate; to denounce.

Revulsion

Loathing; repugnance; disgust.

Rhapsodize

To speak extremely enthusiastically; to gush.

Ribald

Indecent or vulgar; off-color; talking about sexual matters.

Rife

Occurring frequently; widespread; common; swarming.

Rivet

... Continue reading "Expand Your Vocabulary: Key English Words Defined" »