Legal Environments of Business Essay

1196 Words Nov 3rd, 2014 5 Pages
Legal Environment of Business 1
Chapter 1, question 4
The difference between statutory law and common law is that statutory law is a written law where common laws are based on any prior court decisions and are legal binding. For statutory laws the government, state, and local agencies issue written statutes and regulations which eventually become part of statutory law, as for common law it is prior case decisions and rulings that are followed unless a judge finds a big difference in the between the previous case and current case.
Chapter 2, question 5
The real estate development that Carolyn, Elwood, and Isabella are involved in is a failure. They need to find someone who is familiar with the problems of real estate development in
…show more content…
Ryder starred in. This peremptory challenge should give significant cause for the juror to be removed from the trail.
Chapter 3, question 12
Both Mr. Vise and Barnes and Nobles have rights in this case. In order to raise awareness for their books publishers usually have a limited addition of books with authors signatures available or an author will hold a book signing, so with opportunities like this its very questionable when an author says that he is a purchasing a book, signing it and selling it himself is to really “raise awareness” if there are other ways to do so. The author does however have rights to return any unsold books according to publishing practices but Barnes and Nobles does also reserve the right to not accept the returns if the author purchased those books as a consumer and not a wholesaler.
Chapter 4, question 5
The legal issue in this case is whether the interest of the Crafts in receiving gas was a property interest protected by the due process clause. The applicable law that applies to the facts of this case is the due process clause which provides a guarantee of protection against the loss of property or rights without the chance to be heard. In the case Memphis Light, Gas and Water Division v. Craft the Tennessee residents were right in contending that they had been denied due process of law because their gas service was terminated due to a misunderstanding,