Five Questions: Business Law Give your opinion on how you think ethics and the law are interrelated. The Tenth Amendment of the U.S. Constitution basically says that those powers not specifically given to the federal government are reserved for the states. Given this definition, when the federal government `bailed out` those banks a few years, did it have constitutional authority to do so? Why ... First explain in your own words the difference between Negligence and Strict Liability. Then tell how a business can be responsible for a claim under these two different types of torts. What can a business do to help prevent claims for negligence and/or strict liability? Discuss the importance of contract law to American capitalism. How does contract law provide flexibility and precision in business dealings? Give an example of how the Consumer Protection laws have been a benefit to you or someone close to you.

Questions: Business Law

(1) Give your opinion on how you think ethics and the law are interrelated.

(2) The Tenth Amendment of the U.S. Constitution basically says that those powers not specifically given to the federal government are reserved for the states. Given this definition, when the federal government `bailed out` those banks a few years, did it have constitutional authority to do so? Why ...

(3) First explain in your own words the difference between Negligence and Strict Liability. Then tell how a business can be responsible for a claim under these two different types of torts. What can a business do to help prevent claims for negligence and/or strict liability?

(4) Discuss the importance of contract law to American capitalism. How does contract law provide flexibility and precision in business dealings?

(5) Give an example of how the Consumer Protection laws have been a benefit to you or someone close to you.

(6) Name each Classification of Law--Give an explanation of each Classification of Law