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About this document
- Pages
- 8 pages
- Price
- $8 one-time, yours to keep
- Membership
- Included in every plan
- Format
- Subject
- Business Law, Law
- Module
- ETH321
This document contains multiple choice questions on various topics in business law. It is useful for exam preparation for the ETH321 module.
What's inside
- Jurisprudence and legal philosophies
- Discrimination and occupational qualifications
- EU treaties and legal principles
- Contract law and performance
- Administrative decisions and judicial review
- Crime classification and punishment
Who it is for: Students taking the ETH321 Business Law module. (Undergraduate)
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Summary
Business law covers many topics. Students learn about legal principles and how they apply to business situations.
Jurisprudence and Legal Principles
Jurisprudence explains the origin of law. Students learn about legal principles like the rule of law and stare decisis. They see how these principles apply in different situations.
Contract Law and Performance
Contract law is about agreements between parties. Students learn about different types of performance and what happens when contracts are not followed. They see how courts handle disputes about contracts.
Business Organizations and Ethics
Business organizations have different structures. Students learn about these structures and how they affect liability and taxation. They also learn about ethical considerations in business.
Torts and Discrimination
Torts are civil wrongs. Students learn about different types of torts and how they can arise in business situations. They also learn about discrimination laws and how they apply to employment.
Key terms
- Bona fide occupational qualifications
- Job requirements that are necessary for the job and not discriminatory.
- Stare decisis
- The principle that previous court decisions should be followed in similar cases.
- Substantial performance
- Completion of a contract with minor defects that do not affect the overall purpose.
- The doctrine of exhaustion of remedies
- A rule that limits when courts can review administrative decisions.
- The rule of reason
- A principle that only unreasonable restraints of trade are illegal.
- Alternative dispute resolution
- Methods of resolving disputes outside of court.
Questions this document helps with
- What is the rule of law and why is it important?
- How do courts handle breaches of contract?
- What are the different types of business organizations?
Summary written with AI from the document's text.
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