IST 432 Chapter Notes - Chapter 1: Uniform Commercial Code, Administrative Law Judge, Uniform Act
24 Jul 2015
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Example 1. 1: netsys (markets software for internal computer networks) contracts with sdc (southwest distribution corporation): breaches: breaks or fails to perform the contract. Area of law that affects business decision making: contracts, sales, negotiable instruments, creditors" rights. Intellectual property: e-commerce, product liability, torts, agency, business organizations, professional liability, courts and court procedures. Business law and the 6 functional business fields: corporate management, production and transportation, marketing, research and development, accounting and finance, human resource management. Notice must be published in the federal register: agency must allow ample time for interested parties to comment in writing on the proposed rule. They take these comments in consideration when drafting the final version: drafting the final rule and its publication into federal register. Injunction: directing a party to do or refrain from doing a particular act: equitable principles and maxims: general propositions or principles of law that have to do with fairness (equity).
