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