Business Law Notes- July, 10, 2008

Review from previous class session July 3, 2008

 The Rules of Law regulate relations
 Public Law: Relations between state and individuals
• Exercise of power for state authority
• Based on the Roman-German Tradition
• Associated with the meaning of ‘Res Publica,’ (which means State & Society collectively)
• Great Importance placed on Public Law-according to the European Continental Tradition

 Anglo-Saxon Law: Based on Common Law
• Case Law (law arrived through court decisions :Is the American term for Anglo-Saxon Common Law
• The American Law is a continuity of English Law

 European Continental law: Based on the Legal Theory and Legal Codes

 Statutes: Come from parliaments of the state

 Acts: Come from Congress

 Ordinances: Come from Municipal/Local Government

Notes from New Material

Ethical Issues and the World of Business

 Relationship between Ethics and Law-
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