Define the common law. Discuss its conflicting goals and the doctrine created to serve one of these goals
The common law is judge-made law. It is the sum total of all the judicial decisions that have not been overturned by appellate courts. Although most new law is statutory, common law predominates in tort, contract, and agency law, and it is very important in property and employment law. The common law attempts to accommodate the conflicting goals of predictability and flexibility. The need for predictability created the doctrine of stare decisis, which means "let the decision stand." Stare decisis indicates that once a court has decided a particular issue, it will generally apply the same rule in future cases. The law must also be somewhat flexible in order to respond to new problems and changing social mores.
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What is the difference between ecommerce and ebusiness?
A. Ecommerce is buying and selling of goods or services online; ebusiness includes ecommerce and all activities related to internal and external business operations. B. Ebusiness is buying and selling of goods or services online; ecommerce includes ecommerce and all activities related to internal and external business operations. C. Ecommerce includes ecommerce and all activities related to internal and external business operations; ebusiness includes all of the of knowledge management systems. D. Ecommerce includes Internet network effects; ebusiness includes ecommerce and all activities related to internal and external business operations.
The management of a corporation is responsible for electing the board of directors
Indicate whether the statement is true or false
Which of the following is true with regard to a market segment?
A) A market segment consists of consumers with dissimilar needs and preferences. B) A market segment consists of consumers who respond in a similar way to a given set of marketing efforts. C) Very few markets have segments. D) Dividing the market into segments decreases the efficiency of the selling process. E) Dividing the market into segments reduces composite demand.
A product is priced FOB destination, which means:
A. title of goods passes to customer when they are loaded on the shipping vehicles. B. freight over a basic fee is paid at the destination. C. the seller pays the shipping costs. D. the buyer pays the shipping costs. E. the buyer and seller share the shipping costs equally.