By Roger LeRoy Miller, Gaylord A. Jentz
Immersing scholars within the pleasure of exciting new situations and the most recent advancements within the box, the 7th version of this winning textbook brings real-world power to the research of commercial law-without sacrificing the felony credibility and finished assurance that teachers wish in a textbook. scholars reply to each one chapter's visually enticing, carefully-crafted studying instruments, which illustrate how legislations is utilized to real-world enterprise problems-and how landmark circumstances, statutes, and different legislation are having an important influence at the approach companies function within the usa and globally.
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Additional info for Business Law Today: Comprehensive 8th Edition
Constitution or the relevant state constitution. Uniform Laws During the 1800s, the differences among state laws frequently created difficulties for businesspersons conducting trade and commerce among the states. To counter these problems, a group of legal scholars, judges, and lawyers formed the National Conference of Commissioners on Uniform State Laws (NCCUSL) in 1892 to draft uniform laws (“model statutes”) for the states to consider adopting. The NCCUSL still exists today and continues to issue new uniform laws and periodic revisions of earlier laws.
In deciding whether to enter into a contract with SDC, you need to consider, among other things, the legal requirements for an enforceable contract. Are the requirements different for a contract for services and a contract for products? What are your options if SDC breaches (breaks, or fails to perform) the contract? The answers to these questions are part of contract law and sales law. Other questions might concern payment under the contract. How can you guarantee that NetSys will be paid? For example, if SDC pays with a check that is returned for insuf- 5 CHAPTER 1 THE LEGAL ENVIRONMENT ficient funds, what are your options?
Each state has the option of adopting or rejecting all or part of a uniform law. ADMINISTRATIVE LAW The body of law created by administrative agencies (in the form of rules, regulations, orders, and decisions) in order to carry out their duties and responsibilities. ADMINISTRATIVE AGENCY Administrative Law An increasingly important source of American law is administrative law, which consists of the rules, orders, and decisions of administrative agencies. An administrative agency is a federal, state, or local government agency established to perform a specific function.