Business Law Sample 2024
Business Law Sample 2024
1. Marbury vs Madison
2. Gibbons vs Ogden
17. State St. Bank & Tr. Co. v. Signature Fin. Grp.
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Happy self-learning!
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BUSINESS
LAW
ESSENTIALS
YOU ALWAYS WANTED TO KNOW
A simple, comprehensive, and useful guide about the laws that impact
businesses in the US
KOMAL SHAH
Business Law Essentials
You Always Wanted To Know
First Edition
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may be reproduced or distributed in any form or by any means, or stored in a database
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TITLE
ISBN
GENERAL MANAGEMENT
BUSINESS LAW ESSENTIALS 9781636511702
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The language used in the book has intentionally been kept free
from legalese and at times, conversational, to ensure a simple
explanation of the purpose behind a specific law and how it
impacts day-to-day transactions. It does not get into complicated
details and interpretations like a legal book but explains the
impact of laws like a business book. I hope that it will be an
effortless read.
Introduction to the book
The gamut of laws that can become applicable to a business can
overwhelm a business owner. A prime principle of compliance
with the law is that ignorance of the law is not an excuse and
therefore, non-compliance can land a business heavy penalties.
After reading this book, you should be able to answer the below
questions for yourself:
3. Use this book not as a “be all and end all” for laws in a
specific area, but as an introduction and a mechanism to
know where to find more information, in case you need to
go deeper within a specific area of law or if you need to find
the laws applicable to multiple states.
4. Lastly, you can also use this book to correlate and gain an
idea of the areas in which your business can be regulated,
in case you wish to search for applicable laws in different
countries.
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Who can benefit from this book?
1. Existing or potential founders can benefit from this book
by knowing the legal environment surrounding their
business. They can determine certain things in advance such
as a possible form or applicable taxation and determine
accordingly when and how they should proceed with the
business.
4. This book can also help to be a good book for law students
and legal enthusiasts in different countries to read and
understand the laws of the US.
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Chapter 1
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2 Business Law Essentials You Always Wanted To Know
The two main legal systems prevalent in the world are civil
law and common law. To put it simply, a legal system based
on civil law follows the letter of the written law. Therefore, the
interpretation by the courts is more static and is not evolving.
On the other hand, common law jurisdictions give significant
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Legal System in the United States 3
US, how can the Constitution be amended, how a new state can
be added, and other powers and limitations on the US federal
government.
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Legal System in the United States 5
www
For example, you can read about the constitution,
legislature, executive, and judicial functions of the
state of California here: www.loc.gov.
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6 Business Law Essentials You Always Wanted To Know
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Legal System in the United States 7
Figure 1.1
Court of
12 Circuit Court Supreme Court
Appeals of the
of Appals of the State
Federal Circuit
County Trial
Courts