Understanding Business Law
Commercial law, also known as business law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. It is often considered to be a branch of civil law and deals with issues of both private law and public law. Business law is very important when starting a business. It will help you operate your business without the hindrances of ignorance. Business law will help you prepare for issues pertaining to Zoning Laws, Licensing Laws, Tax Laws, Trademark and Patent Laws. Once you got your business running, you will need to know how to protect your business from things like lawsuits, creditors, the IRS and other government agencies.
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“Fiscal Law is extremely important to our profession and not following it can have a detrimental effect on our careers. Not to mention the fiscal uncertainty that it can cause the federal government”. (George, 2016)
Do you receive additional training to prepare yourself for issues related to business law? “Yes, I was trained for a week at the ARMY JAG School on Fiscal Law and Federal Appropriations Law. We are also required to take refresher training every 2-3 years”. (George, 2016)
Other than Business law, do you also have to deal with Military law or Army regulations being that you work on a Military base? “Yes, Army Regulation 37–104–4. This regulation covers Military Pay and Allowances Policy. This regulation covers the section of my division that deals with issues on Military allotments, BAH etc.… We cannot deviate from this regulation non what so ever”. (George, 2016)
Thoughts and findings of the
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When dealing with Military allotments, Soldiers will go out and purchase lavish and expensive items such as cars, furniture, computers and gaming systems with ridiculous interest rates. The soldiers were allowed to walk into businesses and purchase items with no money down and take it home the same day. With no cap on how many allotments a Soldier can have, he or she will miscalculate their monthly spending and at the end of the month have no money left for necessities. The Soldiers then cancel the allotments in turn failing to fulfill and obligation to pay for their goods. Once the Soldier stop making payments, companies will then file for an involuntary allotment to get their money. “It is Department of Defense (DoD) policy that military members pay their just financial obligations in a proper and timely manner. Creditors who have been awarded a civil judgment against a military member may seek enforcement of the judgment by applying for an involuntary allotment from the member's military pay”. (Collecting a Debt, 2014) Mrs. George also stated that so many Soldiers were getting suits filed against them that the Army started to investigate the companies and found that the companies were targeting and taking advantage of Soldiers and their families. On 1 June 2015, Defense Secretary Chuck Hagel changed the policy pertaining to military allotments. The new policy prohibits service
Mary McDonald, an 86-year-old woman, was frequently complaining about the high cost of maintenance of her house and high property taxes. She decided to cancel her fire insurance to reduce expenses. Mary’s daughter was aware of her mother’s concern about the property, and she took Mary to the lawyer’s office to sign some papers that would protect her mother. When Mary came to the lawyer’s office, she was advised that the paper she was going to sign was the deed to the property. Mary signed a document. Later on, when the municipal tax bill arrived, Mary McDonald was really surprised to see that the property was in her daughter’s name.
1. Able entered into an oral contract with Baker for the sale of Able 's car for $5,000. Later Baker breached that contract. Able wants to sue to enforce the contract. Under the Statute of Frauds, who is the "party to be charged" in this case?
Given the critical circumstances the United States economy faces today, the current fiscal policy, in addition to the changes that will be made in the future, is under intense scrutiny. During the Obama administration, which will soon come to an end in about six months, a variety of policies were created in attempts to create employment, raise our GDP, and boost the state of the economy, among other ideas. The fiscal policies created by Congress and the President demonstrate success in some areas, while failing in other areas, as many, including myself, would argue. As the 2016 election quickly approaches, it is important to remember previous fiscal mistakes and successes, and the current economy, in order to better grasp what will be necessary for a successful fiscal policy in the future.
case brief---Gregory, a comedy writer, entered into a contract with Wessel, a comedian. The contract provided that Gregory would provide Wessel with a 15 minute monologue for his upcoming appearance on the comedy hour and Wessel will pay $250 to Gregory. All performers could make $500 per appearance on the comedy hour. and when Wessel was scheduled to aper on the comedy hour, Gregory informed him that he was unable to provide the monologue, because last time Wessel was asked to make special guest appearances at three local comedy clubs performance during the comedy hour. and Wessel bought lawsuit to Gregory for beach of contract and request damages of $1250.
In the case of Anthony, a New Jersey resident and owner of a waste disposal company in the state of New Jersey, and his two business associates, Paul and Silvio, whom suffered severe injuries due to a motor vehicle accident caused by a negligent truck driver; they have great standing to sue against the neglectful driver and the company associated with the ownership of the vehicle. Regardless of the diversity of their residency/ citizenship, the affected party can proceed to sue the corporation responsible for the damages caused by their staff and property; reason being that they are protected under the Constitution’s diversity of citizenship, and the privileges and immunities clause. Furthermore, these two constitutional clauses in addition to the commerce clause, dictate the court that the matter needs to be brought to.
When running a business, the most common legal transactions you will be involved in is a business contract and despite what type of business a person runs, by having an understanding of contract law is a key to creating sound business agreement that will be enforceable legally incase a dispute arises (Find law).
The life of Military work power is out and out unique in relation to that of the ordinary person. There's a ton that proceeds in their lives that makes it to a great degree difficult to do things that others can supervise successfully. Case in point, getting a MBA degree is no real experience for by far most. They just join at a school, go to addresses and complete their coursework. In any case, this is not the circumstance with Military work power. How are you anticipated that would consent to a course when you could move to another city at whatever time of time? In what limit would you have the capacity to go to classes when your timetable is altogether more wild than different people?
Private Military Contracting (PMC) is a physically and mentally challenging career for those that are up for a challenge. “To be in a private military, one needs to go through many different training types. For example at the blackwater training grounds, they offer “The Academi Experience” which is taught by Ex U.S
2.Soldiers must pay BAH-II (flat rate based on rank) if receiving BAH and no court order exists. “BAH goes to the Family or back to the Government.”
The long-standing issue of states taxing military member’s income on top of federal income tax has a deep rooted resentment in today’s military. This issue has many paralleling reasons and different ways it can be portrayed. However, the taxation of military income on the state level, wherein the member might not possibly live in the state, is one of many disappointments in today 's society of the treatment of active and former military members.
The pay difference isn’t the only problem that exists in the branches of the armed forces. In recent investigations contract marriages are increasing in the service. Contract marriages are fraud and chargeable under federal law. As per the current order on BAH, in order to receive the BAH one has to be me married. If one is married, in love, and truly with their significant other then there is nothing to worry about, but if someone gets married for the sole purpose of getting extra cash now this becomes a problem. A contract marriage is a scheme to gain monetary gains from the United States government. On May 5, 2010, 17 people were indicted on charges which were a broad conspiracy scheme to recruit U.S. Navy personnel to engage in fraudulent marriages to Russian foreign nationals (Wavy-News). This show that
The Clinton administration and military leaders defend the current policy and the way it has been enforced. They argue that allowing gay people to serve openly would harm military readiness by destroying troops' morale and disrupting order and discipline. Policy defenders argue that the military is a special institution that holds itself to stricter rules than those observed by the rest of society. Because the armed forces must fulfill the crucial mission of defending the U.S. and its allies, they say, its leaders' views on how to achieve optimal readiness should be respected. Pentagon officials say that while they believe the current policy is working well, they will investigate cases of alleged abuse.
6/2/16 – a meeting was held with Shane, in the presence of his Union Representative, Tom Brice, to discuss the allegation that he violated DOT&PF’s Unauthorized Expenditures/Purchases P&P #10.01.022, when he purchased meals while traveling for work on May 16 - 17, 2016.
The law as a whole is essential in every society as it serves as a guide for citizens to carry out their daily activities without the fear of repression. The absence of the law in any society always leads to instability, making it difficult for businesses to establish in such society. As the law affect almost every area of our lives, understanding how the law affects business in my country of origin, “Cameroon”, is quite useful as this information certainly act as a catalyst when one looks forward to establishing a business in this country. This paper elaborate three ways in which the law affect business in Cameroon, discusses the nature
Ans.1. A basic management function involving formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources. > The planning process (1) identifies the goals or objectives to be achieved, (2) formulates strategies to achieve them, (3) arranges or creates the means required, and (4) implements, directs, and monitors all steps in their proper sequence. >>Alternatively a planning The control of development by a local authority, through regulation and licensing for land use changes and building. >>.