Law 421 Chapter Notes Essay

5574 Words Feb 2nd, 2016 23 Pages
Source of information: THE LEGAL ENVIRONMENT OF BUSINESS: A MANAGERIAL APPROACH: THEORY TO PRACTICE. Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY, 10020. Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.

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Chapter 1: LEGAL FOUNDATIONS

My interpretation of law is that these are legally-backed rules of action and conduct that have been created to promote and protect the moral and ethical expectations of society. The primary sources of law are constitutional, statutory, administrative, and common---are found at federal, state, and local levels. Constitutional law is the foundation for all other law in the United States
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Chapter 2: BUSINESS AND THE CONSTITUTION

The U.S. Constitution is composed of a preamble, seven articles, and 27 amendments.

The preamble states the Constitution's broad objectives. The articles set out the structure, powers, and procedures. Articles establish the legislative, executive, and judicial branches. Articles also establishes relationships between state and federal government; and provides processes and requirements of the Constitution. Amendments are additions or changes to the Constitution since its ratification.

The U.S. Constitution regulates the federal system of law by providing the foundation for which the federal system of law is structured, operated, and carried out. It provides the precedent and basis for all laws of the land.

The structure of the federal government is divided into different branches that are given certain powers to act on. The separation of powers are used as checks and balances to the other branches to ensure that no one branch has too much power.

Congress has the opportunity to use the commerce clause to strike down any state law that overstep federal laws regarding interstate commerce. The commerce clause says that federal law regulates the interaction of properties and actions that can potentially affect interstate and intrastate economies. The commerce clause promotes the open and fair-use of passageways and facilities in order to sustain interactions of the interstate economy.

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