1. Essentials Of Business Law Chapter 1 Our System Of Law McGraw-Hill/Irwin Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved.

2. Essentials of Business LawChapter 1-2 The Law In Our World Courts Juries Attorneys Plaintiff  The person who brings a lawsuit against another Defendant  The person against whom a lawsuit is brought or who is charged with a violation of the law

3. Essentials of Business LawChapter 1-3 Applications Of Law Personal  Purity and wholesomeness of food  Clothing labels  Traffic laws Business  Zoning ordinances  Environmental pollution regulations and laws  Safe employee working conditions  Professional licenses and exams Government  Funding for highways

4. Essentials of Business LawChapter 1-4 Origins Of Law Constitutional law  Protects individual liberty and freedom Gives federal government reasonable powers Limits powers  State constitutions Protect individuals rights within that state

5. Essentials of Business LawChapter 1-5 Constitutional Law Constitutional powers  Express powers Specifically stated powers  Implied powers The interpretation of express powers by the courts Constitutional amendments  Must be proposed by two-thirds of Congress  Must be ratified by three-fourths of 50 state legislators Judicial review  Process of deciding if a law is contrary to the Constitution

6. Essentials of Business LawChapter 1-6 Origins Of Law Common law  English system of law that influenced original colonies Precedent  Court decision later relied on to decide other cases Case law  Effects of court decisions involving similar facts Statutory law  Laws passed by Congress and state legislatures Administrative law  Body of rules, regulations, and decisions created by administrative agencies

7. Essentials of Business LawChapter 1-7 Uniform Commercial Code Helps to facilitate commerce between states Prepared in 1952 by national conference of commissioners Brings uniformity to the states laws 49 states have adopted the code (at least in part)

8. Essentials of Business LawChapter 1-8 Classification Of Laws Constitutional law  Study of the federal Constitution Civil law  Study of the rights and obligations of individuals Criminal law  Regulates acts against society Administrative law  Regulated governmental agencies International law  Regulates how nations interact with other nations

9. Essentials of Business LawChapter 1-9 Moral Law Responsibility and obligation towards others that is not legally defined “Law” based on unenforceable obligations that people have to one another A person’s conscience may be the only enforcement

10. Essentials of Business LawChapter 1-10 System Of Courts Court jurisdiction  Original  Appellate  Special Federal courts (slide 11)  District courts Cases involving federal statue Cases involving parties of different states Amount is greater than $75,000 State courts (slide 12)

11. Essentials of Business LawChapter 1-11 Federal Court System Supreme Court 13 Circuit Courts of Appeals District Courts U.S. Bankruptcy Court U.S. Claims Court U.S. Tax Court

12. Essentials of Business LawChapter 1-12 State Court System State Supreme Courts General Trial Courts Family Law Courts Probate Courts Justice Of The Peace Courts Juvenile Courts Municipal Courts Small Claims Courts State Appellate Courts