The U.S. Constitution provides that any party to a civil lawsuit has a right to a trial by jury in all cases at law "where the value in controversy shall exceed $20.". What was the reason for providing a minimum dollar limitation? Is the purpose still served? Discuss the implications of providing rights tied to dollar amounts specified in a constitution
Twenty dollars was the stated amount in the U.S. Constitution as the amount necessary before the considerable effort and expense of a jury was deemed appropriate. The consideration was one of balance. At some point the economic loss to the individual does not require so extreme a protection from the state. Twenty dollars in 1787 was a large sum; today it won't suffice for a couple's tickets and popcorn at a first-run movie. The drafter's constitutional intent has been thwarted by erosion of the purchasing power of the dollar over the years. Thus, the original language no longer serves its purpose. Persons exercise the right to trial by jury for very trivial matters. Fixing a dollar amount in most laws, let alone constitutions, is a bad idea. Indexing for inflation or deflation will cure most problems created by establishing dollar amounts in a proposed law. For example, the original stated
amount for grand theft could fluctuate up or down, at periodic intervals, in accordance with the Consumer Price Index (CPI), calculated by the U.S. Bureau of Labor Statistics.
You might also like to view...
Cash and all other assets expected to be converted into cash or consumed within one year or the normal operating cycle of the business, whichever is longer, are called ____________________
Fill in the blank(s) with correct word
Indicate by letter whether each statement below applies to a sole proprietorship (S), partnership (P), or corporation (C). You may use more than one business organization for an answer. ________
a. Separate economic unit ________ b. Life limited by death of owner(s) ________ c. Separate legal entity ________ d. Unlimited liability of owner(s) ________ e. Separation of ownership and control ________ f. Transfer of ownership does not affect the continuity of business. ________ g. Ownership evidenced by stock certificates
Absolute privilege against a defamation action ________
A) exists in the pressroom of a major newspaper B) is given on the House and Senate floors during congressional debate C) is provided within the confines of one's own private property D) exists at one's place of employment
Purposefully planned messages sent to selected media promoting the company without payment to the media is called:
A. Advertising. B. Internal communications. C. Corporate sponsorship. D. Publicity.