Business Law Essentials: Contracts, Property, and Competition
Freedom of Enterprise
- Freedom to choose business
- Private Property
- Free competition
- Protect customers
- State obligation to promote private initiative
- Economic policies derived from National Legislation
Individual Entrepreneur
- Capacity to act (18+)
- Disposition of assets
- Exceptions: minors, married individuals
- Incompatibilities: general representatives & CEO
Collaborators
- Dependent: obey orders (workers)
- Non-dependent: autonomy, franchise
Limited Liability Entrepreneur
Not unlimited liability before creditors.
Requirements
Read MoreBalearic Islands Autonomy Statute: Key Articles
Article 4’s Own Language: Institutions in the Balearic Islands ensure the normal and official use of both languages, take steps to ensure their knowledge, and create the conditions to reach full equality of the two languages in terms of the rights of citizens of the Balearic Islands.
Article 8: Territorial Organization: The autonomous territorial organization articulates its islands and municipalities. The institutions of government of the islands are island councils and councils of the municipalities.
Read MoreTreaty Termination: Grounds and Conditions
Reasons set forth in the treaty itself:
These grounds provided in the treaty itself also have a triple body:
- Compliance with the term: This establishes a fixed date on which the validity of the treaty ceases or fixes a period during which the treaty will be in force. In either case, the deadline stipulated that the treaty was inexorably coming to an end.
- Compliance with a condition subsequent: The treaty ends upon the fulfillment of the conditions precedent, that is, when an uncertain future event
Spanish Constitution: Legal Regime of Languages Explained
The Legal Regime of Languages in the Spanish Constitution
Therefore, in the context of the explanations that fit into the Constitution, it seems appropriate to accept that we are facing a sui generis legal good, usually dual (as long as their material is capable of being detained), whose center of gravity is not in the regime of the detainer pertaining to the “thing,” but in particular for being a “property” consisting of a spiritual value devoted to collective fruition, without prejudice to other
Read MoreBusiness Law: Civil vs. Common Law & EU Institutions
Business Law
Civil Law vs. Common Law Systems
1. What are the differences between Civil Law and Common Law Systems?
- Civil law is written law, while common law belongs to case law.
- Civil law is used in most European countries (e.g., Germany, France). Common law developed in the UK and is used in the UK, USA, Australia, etc.
- Civil law primarily uses deduction. Common law relies on precedent.
Main Sources of Scottish Law
A: Statutory Sources of Law
- Acts of Parliament: Laws passed by the UK and Scottish Parliament.
Business Law Essentials: Key Concepts and Legal Framework
Business Law Essentials
Business: The activity of making, buying, selling, or supplying goods or services for money.
Law/Legal Ordering: An order of humans which sets a set of rules to resolve the “conflicts of interest” that may arise. It has a base which is based on a series of beliefs and values. These laws provide freedom, security, and peace. However, we need an organization to enforce those rules.
Large Institutions
A large, important organization that has a particular purpose. The main function
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