Chapter 1: Law and Legal Reasoning
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6 Terms
Why do law and legal reasoning matter to businesses?
Business decisions can have legal consequences that impact the business
What is legal reasoning?
The process of determining how the law applies to a particular situation
In other words: Take the law and apply it to the facts
What two things are considered when using legal reasoning?
The law and the facts of the situation
What is the basic process of legal reasoning?
Law + Facts → apply/reason → legal conclusion
A car company releases an electric vehicle before properly testing it. Why would legal reasoning be important?
Legal reasoning would help determine which laws apply and how those laws apply to the company’s actions
Why should a business consider the law before making major decisions?
Because its decision may create legal consequences that negatively affect the business