Chapter 1: Business & Its Legal Environment

Sources of Law

• Constitution (the us consititution is the final law of the land, no law can conflict or contradict the consitutuion)

Structures of US Constitution

• How many articles of the constitution?: 7

• How many amendments are in the constitution?: 27 (28?- equal rights amendments)

What are the 1st ten amendments called?

• Bill of Rights

• 10th Amendment- States Rights

Purpose of the 13th Amendment?

• Abolished Slavery, 1865

Purpose of 14th Amendment?

• Citizenship, 1868

Purpose of 15th Amendment?

• Right to Vote 1870 (men only)

Purpose of 19th Amendment:

• Womens sufferage, 1920

Purpose of 26th Amendment

• Voting age lowered to 18 from 21, 1971

discussion post topic: is it unethical to invest in prisons? Is it the same as people building liquor stores in the hood or casinos in improvrished areas?

Sources of Law

• Constitution

• Statutes (laws passed by the legislative body)

• Common Law or Case Law (precedents (let the decision stand)

• Stare decisis (like cases decided alike)

• Equity