write down this answer? 1. They are:1. What is business law?2. What is the normal penalty for breach of acivil wrong?3. What kind of relief were courts of equitydesigned to give?4. Explain what the roots of our legal systemare.5. Why do courts generally adhere to thejudicial precedents set by earlier decisions?6. Why was the Bill of rights enacted?7. Explain the difference between actions incivil and criminal law.8. What section of the Constitution is the basisfor most laws governing business transactions,and what does it provide?9. What determines whether an offense is afelony or a misdemeanor? are there offensesless serious than misdemeanors?10. List some guiding principles that determinehow ethics relates to the enactment of laws.

Commercial law or business law is the assortment of law which oversees business and trade and is…

Answered: 1. What is business law?

Business

Operations Management

1. What is business law?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

write down this answer?

1. They are:
1. What is business law?
2. What is the normal penalty for breach of a
civil wrong?
3. What kind of relief were courts of equity
designed to give?
4. Explain what the roots of our legal system
are.
5. Why do courts generally adhere to the
judicial precedents set by earlier decisions?
6. Why was the Bill of rights enacted?
7. Explain the difference between actions in
civil and criminal law.
8. What section of the Constitution is the basis
for most laws governing business transactions,
and what does it provide?
9. What determines whether an offense is a
felony or a misdemeanor? are there offenses
less serious than misdemeanors?
10. List some guiding principles that determine
how ethics relates to the enactment of laws.

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