Professor El Aouni Zouhair E.G :Business Law Chapter 1 Legal Terminology Professor El Aouni Zouhair

What Is Law? Law consists of rules that regulate the conduct of individuals, businesses, and other organizations within society. It is intended to protect persons and their property from unwanted interference from others. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Functions of Law Keeping the peace Shaping moral standards Promoting social justice Maintaining the status quo Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Functions of Law Facilitating orderly change Facilitating planning Providing a basis for compromise Maximizing individual freedom Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Qualities of the Law Fairness The U.S. legal system is one of the most comprehensive, fair, and democratic systems of law ever developed and enforced. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Qualities of the Law Flexibility U.S. law evolves and changes along with the norms of society, technology, and the growth and expansion of commerce in the U.S. and the rest of the world. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

What Is Jurisprudence? Jurisprudence is the philosophy or science of law. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Schools of Jurisprudential Thought Natural school—Believes law is based on what is “correct” Historical school—Believes law is an aggregate of social traditions and customs Analytical school—Believes law is shaped by logic Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Schools of Jurisprudential Thought Sociological school—Believes law is a means of achieving and advancing certain sociological goals Command school—Believes law is a set of rules developed, communicated and enforced by the ruling party Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Schools of Jurisprudential Thought Critical legal studies school—Believes legal rules are unnecessary and that legal disputes should be solved using rules of fairness Law and economics school—Believes promoting market efficiency should be the central concern of legal decision making Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

History of American Law English common law Developed by judges who issued their opinions when deciding a case. The principles became precedent for later judges deciding similar cases. 49 states base their legal systems on common law. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Labor Unions are legally recognized as representatives of workers in many industries. They aim for better working conditions, hours, pay and benefits. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Redundancy payment a sum of money given by an employer to an employee who has been made redundant: usually calculated on the basis of the employee's rate of pay and length of service. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Barrister are legal practitioners in the United Kingdom. They do advocacy, draft legal documents, and can appear every court. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Sollicitors Lawyers in the United Kingdom who work in private firms, as legal advisors in corporations, government departments, and advise agencies. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Sole practitioner A person, who through a regular program of study, is learned in legal matters and has been licensed to practice his or her profession. Any qualified person who prosecutes or defends causes in courts of record or other judicial tribunals of the United States (Attorney). Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Law clinic provide legal assistance to marginalized clients, while gaining exposure to the problems faced by these groups. At the same time, law students learn about their professional responsibility for supporting the rule of law, human rights, and social justice. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Outsourcing is any task, operation, job or process that could be performed by employees within an organization, but is instead contracted to a third party for a significant period of time. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.

Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall.