BUSI 18 Chapter Notes - Chapter 1: Precedent, Legislature, Candy Land
Document Summary
President nixon issued wage-price controls in an effort to stabilize the economy. This use of executive power was: a valid use of power, known as an executive order. Under the natural law theory of jurisprudence, an unjust law is no law at all. In anglo-saxon society, men were put into groups of ten, known as a tithing and were individually held responsible for any injury caused by any member of the group. This is the forerunner of the idea of business partnerships. In 1992, the north carolina supreme court ruled in a case entitled goodman v. wenco foods, Inc. , that when a substance in food causes injury to a consumer of the food, it is not a bar to recovery against the seller that the substance was natural to the food. The occupational safety and health administration promulgated a rule requiring warehouse employees to wear hardhats when in the vicinity of an operating forklift.