Business Law

Enforceable rules of conduct that govern commercial relationships

Providing order, serving as an alternative to altercation, facilitating a sense that change is possible, encouraging social justice, guaranteeing personal freedoms, serving as a moral guide

Involves disputes between private individuals or groups

Involves disputes between private individuals or groups and their government

Involves the rights and responsibilities involved in relationships between persons and between persons and their government

Involves incidents in which someone commits an act against the public as a whole

Law developed by judges who issued their opinions when deciding a case-principle announced in these cases became precedent for later judges deciding similar cases: Stare Decisis

- law courts- equity cours (court of chancery)- merchant courts
all three have been merged in the US

Louisiana

Constitutions, statues, cases, administrative law, treaties, executive orders

- supreme law of the land- establishes the federal government and enumerates its powers- powers not given to the federal gov't are reserved to the states- state constitutions establish state gov'ts and enumerate their powers

Are enacted by Congress and state legislatures

Are enacted by municipalities and local government agencies

They establish courses of conduct that must be followed by covered parties