Business Law

Blackstone: Rule of action which is prescribed by some superior and which the inferior is bound to obey.

Willis: Law is a scheme of social control for the protection of social interests by means of cpacity of influence baked by the power of the state, a scheme for controlling the conduct of people.

Holmes: Law is a statement
of the circumstances in which the public force will be brought to bear through the courts, what the courts will or will not enforce.

Substantive/Procedural Law:

Actions in Law/Actions in Equity
Actions in Law take a while, where as if the law won't act quickly enough, a temporary injunction

Criminal Law
Addresses wrongs to society, society determines which wrongs are greater than others.
Misdemeanor 90 day or less in jail
Felony more than 90 days in jail

Law of Contracts
Voluntary creation of rights and obligations

Law of Torts

Law of Property

cosntitution
legislation
judicial decision
rules and regulation

Power and Function

A. Judicial Review
B. Interpret Legislation
C. Precident

Commerce Clause: Heart of Atlanta says one thing; but see United States v Lopez

Bill of Rights: Freedom of Speech and Freedom of Religion

Either you cannot untie a not you can knot, or you cannot

Ethics

Social Responsibility

-obligated to take actions which protect and improve
-middle ground
-make money, as long as we don't hurt anything, follow rules, etc.

Wealth without work
Pleasure without conscience
Knowledge without Character
Commerce without Morality
Worship without Sacrifice
Politics without Principle

Torts and Cyber Torts
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