How To Answer Law Questions

As you study business law you will need to complete some legal questions or case-studies. When you analyze a case or business question we recommend that you use the following Clever process: The following process, I.R.A.C, provides a framework for organizing the facts of a case so that you will be able to answer to […]

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Jurisprudence

What Is Jurisprudence?

What Is ‘Jurisprudence’? Jurisprudence is the study or science of law. In the U.S. it commonly means the philosophy of law and aims to reveal the historical, moral, and cultural basis of law and legal reasoning. Why Is Jurisprudence Important? Jurisprudence is important for understanding: 1) The purpose and justification for legislation. 2) The thinking applied […]

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Business Law

What Is Law?

What is ‘Law’? We are faced with references to ‘Law’ and ‘Legal Issues’ nearly everyday in the news, movies and even sit-coms and comedy shows. It is an important part of our daily life as it controls what we can and cannot do in our general life as well as business. As ‘Law’ is such […]

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business entity

Choosing A Business Entity

This is the first article in our Business Law series. This section covers the different types of business legal entities (legal types of business). It is important for business owners to understand the main differences between business organizations and which business organization is best for them as it affects: How the business is taxed. The […]

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business entity

What Are Business Entities?

Business entities are the different legally recognized forms of business organization. It refers to the way the business organization is structured. Each business organization has different rights and responsibilities inside and outside of the organization and each type of business entity has its advantages and disadvantages. Why is studying business entities important? Businesses aim to […]

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