Chapter

A.1. Learning Outcomes

From IntroductionToBusiness OP 8D04gAa

Concepts

1. How does the legal system govern society and business transactions?

   "Our legal system affects everyone who lives and does business in the United States. The smooth functioning of society depends on the law, which protects the rights of people and businesses. The purpo

2. What is common law and how did it develop?

   "Common law is the body of unwritten law that has evolved out of judicial (court) decisions rather than being enacted by legislatures. It is also called case law. It developed in England and came to A

3. What are statutory law and administrative law?

   "Statutory law is written law enacted by legislatures at all levels, from city and state governments to the federal government. Examples of statutory law are the federal and state constitutions, bills