Busniess Law

Running Head : dividing line honorStudent s NameCourse Code , Semester , YearLecturerMarch 26 , 2009 Business LawLaws in business argon necessary as they sway business operation and lay down the procedures which should be followed in case there are conflicts in business transactionsCommon Law and Stare DecisisThe common law is the law that consists of all the sound decisions both written , custom and the modern case laws as developed and amended as need arises as cadence passes . The requirements that the courts are supposed to follow in making decisions is establish on the legal principle stare decisi which actually says stand up by the decisions that have been made (Emerson Robert , 2003 . It is therefore employ in deciding legal controversies . Stare decisis as used in the high courts is similar in the lower courts and it can be changed through legislative procedures .

In business , Stare decisis is used within the Common Law principles such that when business decisions are made in court , they are final and stock and that the decisions made on similar cases can be utilize to the business related case in court (Keller , 1990BailmentBailment refers to the legal relationship within the common law which talks of the deepen of ownership of property from one person who is the owner (bailor ) to other person the new owner (bailee , without necessarily the transfer of ownership . This transfer of control or care in the individual(prenominal) property most of the time is temporary (Emerson Robert , 2003 . In...If you want to communicate a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper