Slide 1RecapSyllabusSchools of Legal ThoughtTeslaTesla’s LawyerHierarchy of LawsHierarchy (and Conflict) of LawsCourtsCourt AwardsCommon LawLegal ArgumentsCompare and ContrastNext ClassLSB 3213Legal and Regulatory Environment of BusinessProfessor Jack WroldsenOffice 210, Spears Business [email protected] 744 5418Recap•Legal arguments. Not memorizing laws.•Universal morality vs. practical outcomes•Marijuana laws in Colorado•Drifting in a lifeboatSyllabusQuestions?Schools of Legal Thought•Natural Law•Positive Law•Historical Approach•Legal RealismTesla•Ford’s business model•Laws mirror Ford’s dealership model•Tesla’s business model – direct salesTesla’s Lawyer•Law: “cars may only be sold through a dealer, not direct from the manufacturer.”•Four legal arguments•Natural law•Positive law•Historical approach•Legal realismHierarchy of Laws•Constitution, Statutes, Regulations (Admin)•Broad to narrow•Intellectual property example•How long? •Painters, musicians, software developers?•PTO•Copyrights, patents, trademarksHierarchy (and Conflict) of Laws•Federal and state systems•Clones•Federal vs. state laws•Constitution vs. statutes vs. regulations•Statute (or reg) violates your constitutional rights?Courts•Supreme court, Appeals courts, Trial courts•Federal court system•State court systemsCourt Awards•Civil claims, not criminal claims•Damages = money•Equitable Remedies (examples?)•Specific Performance•InjunctionCommon Law•Common law vs. civil law systems•Judges interpret laws to resolve disputes•Case law becomes binding “precedent”•Overrule the legislature?Legal Arguments•“stare decisis, unless there’s a compelling reason not to follow precedent”•Four schools of legal philosophyThis semester’s goal:Learn legal reasoning for business decisionsCompare and Contrast•Four legal philosophiesTerminology (A) Terminology (B)Judge-made law Statutory law vs. admin regulationCommon law system Civil law systemCivil law Criminal lawFederal law State lawDamages Equitable remediesSubstantive law Procedural lawNext Class•Read chapter 4 (constitutional law)•Thank
View Full Document
Unlocking...