BA 101 Lecture Notes - Lecture 16: Uniform Commercial Code, Alternative Dispute Resolution, Statutory Law

• School: University of Oregon
• Department: Charles H. Lundquist College of Business
• Course: BA 101
• Professor: Steve Engel

Document Summary

The system must have : private property, freedom of choice, right to keep profits, fair competition. The government has to ensure these factors exist. Government intervention: to ensure : fair competition, private property, freedom of choice. The law: standards set by society to govern behavior. Common law: the law judges establish while deciding disputes. Statutory law: laws enacted by a federal or state legislature. Administrative law: regulations passed by the state and federal administrative agencies. Judiciary: a branch of government which settles disputes through application of law. Trial courts: the dispute is first heard: federal -> us district, state -> circuit, superior -> common pleas, specific state courts -> probate or small claims. Appellate courts: the dispute can be heard again if the lower court errors. Criminal & civil law: derived from three sources: administrative law, statutory law, precedents (common law) Criminal law: a dispute between the government and an individual.