Business Law 201 Homework

When a state administrative regulation conflicts with a federal administrative regulation

the federal regulation takes precedence

With respect to what society will tolerate, a company's compliance with the law, and no more, is

the lowest ethical level

The term checks and balances refers to the system under which

the powers of government are divided among its branches, each of which exercises a check on the actions of the others

The FDA is an executive agency. As an executive agency the FDA is subject to the authority of

the president

Retail Operations, Inc., a U.S. firm, obtains a judgement in a U.S. court against Shinobu, Ltd., a Japanese business. Whether the court's judgement will be enforced by a court in Japan depends on the Japanese court's application of

the principle of comity

Data Inc. pays income and other taxes collected by the IRS. Like other federal administrative agencies, the IRS was created by

Congress, through enabling legislation

"Be honest and treat people fairly." In regard to business ethics, implementing this motto is

Important in all circumstances

Generally, given the broad language of the Constitution, the line between state and national powers is often determined by

The courts

A federal form of government is one in which the national government shares sovereign power with

The states

Ihlan initiates a lawsuit against Juno, alleging that Juno has not paid her rent for six months and Ihlan wants her to vacate her apartment. The sheriff serves a summons. Juno does not respond. Ihlan

Will be awarded a default judgement

Opti-Med Inc., a U.S. firm, signs a contract with Pharma Ltd., a Canadian firm, to give Pharma the right to sell Opti-Med's products in Canada. This is

a distribution agreement

Tia is a witness in a controversy involving the US Bureau of Tobacco and Firearms. Tia can be compelled to appear before an administrative law judge if she is served with

a subpoena

Organic Frozen Foods Corporation is subject to regulations issued by the Food and Drug Administration, which is a federal agency. These regulations are part of the body of

administrative law

Hospital Inc. files a complaint in a federal district court against Inventory Management Company, asserting breach of contract. Under the Federal Rules of Civil Procedure, any allegations in the complaint that are not expressly denied by the defendant will be deemed by the court to be

admitted

Primary sources of law include

case law

Mining Company, a U.S. firm, owns property in Bolivia. The government of Bolivia seizes the property for an illegal purpose without paying just compensation. This is

confiscation

Kohl receives from Lily a camera stolen from Mark. Kohl knows that the camera is stolen, and he intends to keep it. Kohl is

criminally liable

Wei Ltd., a Chinese firm, imports its goods into the United States and offers those goods for sale at "less than fair value." This is

dumping

Ove files a suit against Po, claiming that the defendant failed to pay for goods shipped in response to an alleged email order. Po denies the charge. If the email order exists, it is

evidence

Hobbes, a resident of Illinois, owns a warehouse in Indiana. A dispute arises over the ownership of the warehouse with Jules, a resident of Kentucky. Jules files a suit against Hobbes in Indiana. Regarding this suit, Indiana has

in rem jurisdiction

The Environmental Protection Agency (EPA) discovers that Fish Farm Inc has violated an EPA regulation. If no settlement is reached, the EPA can

issue a formal complaint

Bud works at a Cheap Stuff Store from which, without authorization, he takes merchandise that he has not paid for home for his own use. This is

larceny

Kim takes off her ring and places it on her desk while she works. Without her knowledge or consent, her coworker Lum picks up the ring, puts it on, and walks away. Lum has likely committed

larceny

Lunchies Corporation, a U.S. firm, signs a contract with Manger au Brasserie, S.A., a French firm, to give Manger the right to use the Lunchies trademark in restaurants in France. This is

licensing

A constitution sets forth a government's

limits and powers

Andy causes a disturbance at Brew Pub. He is arrested and charged with disorderly conduct, a crime punishable by imprisonment up to one year. This crime is

misdemeanor

Ethics focuses on how persons making business decisions apply

moral principals

Niles enters Omelet Café and points a gun at the cashier Pico. Niles forces Pico to open the register and give him all the money. Niles will most likely be charged with

robbery

Two businesses--Berry Farms LLC and Canned Jams Inc. dispute the quality of goods delivered by the seller and the price agreed to by the buyer. With regard to this dispute, the two parties can

settle it between themselves, litigate it, resolve it through an alternative method such as arbitration.

Ovid wants to file a suit against Petra. for a court to hear the case

the court must have jurisdiction