Business Law

Babson College – MBA Law

Outline: Law & Legal Reasoning

What is law?

What is property?

What is jurisprudence?

        natural law

        positive law

        legal realism

Basics of government structure:

        branches:        

and administrative agencies (FAA, EPA, FDA) – we will study these later

“Legal environment of business” – is it sometimes the reverse?  

Some themes in the background:

        - how laws are made/change

        - laws & the business climate

        - what businesses seek in jurisdictions

        - how business & other interests may conflict or be in harmony

Sources of U.S law

        primary:

        secondary:

Common law tradition and how it works – how is it like gardening?

In contrast with what other kind of system?

One U.S. state using the other system

Stare decisis

• what does it mean?
• why have this doctrine?  

Classifications of the law

• civil
• criminal