Iba Book Summary Business Law
Table of ContentsLecture 1Chapter  1 – legal system                                                                page  2Lecture 2Chapter 3 – European Union Law                                                        page  8Lecture 3Chapter 4– Tort terminology                                                                page  16Lecture 4,5,6Chapter 5 – contract law terminology in context                                        page  23Lecture 7,9Chapter 6 – company law terminology in context                                        page  28In our quest for perfection, we will do everything in our power to produce a complete summary. Should our products in any way miss or misinterpret information, please don’t hesitate to contact us immediately. Our hotline is available at www.AthenaSummary.nl Lecture 1Chapter 1 – Legal  systemIntroductionThe student needs to be able to distinguish between the binding precedent and obiter dicta. One needs to identify these parts in a case report for a complete understanding of the case.English Legal System (Common Law)IntroductionCommon law systemDeveloped through case lawAuthoritative decisions were laid down by the judges in courtWas implemented in the colonial regimeStill exists in countries like: USA, Canada, and AustraliaEven though all the common law countries derive their law system from the English law, they have adjusted certain terminology. Doctrine of binding precedentDecisions made by judges in the past should be upheld by judges in new cases if there are similarities between the cases.Known as stare decisis in Latin. Binding precedent ensures flexibility while giving legal certainty. Civil Law SystemIntroductionCoded systems- the laws are laid down in written form.Influenced by Roman law and the Napoleon Code (drafted in 1804) is also a source of the Civil Law system.Court StructureUsually, highest court is the Supreme Court.Appellate court → Court of AppealTrial Initialization level→ District CourtThe court systems vary from land to landEngland- Court StructureSome courts specialize in criminal and civil cases, however, most cases hear both.Divided into inferior and superior courts.Jurisdiction of the superior courts is not limited to a specific geographic area or the value of the claim. Superior courts: Supreme Court, Court of Appeal, High Court, and the Crown Court (and the Restrictive Practices Court and the Employment Appeal Tribunal)Important Inferior Courts: Coroner’s Court and the Employment TribunalUK is a member of the European Union. All matters concerning the law of the EU are dealt at the European Court of Justice. Its role is to ensure the legal enforcement of the EU obligations and uniform interpretation of the European law throughout the Member States.The distinction between inferior and superior courts is important regarding the doctrine of binding precedent.Doctrine of binding precedent: The precedent laid down in a previous case of similar nature must be followed.Court of Appeal, High Court, and the Crown Court are collectively known as the Senior Courts of England and Wales.Courts-UKSupreme CourtHighest level of Court since 2009. Hears appeals on points of law of general public importanceReplaced the House of LordsCourt Of AppealBound by the decisions of the Supreme CourtBound by their own previous decisions in criminal and civil cases unless certain exceptions applyHigh CourtBound by Supreme Court and Court Of Appeal, but not by itself3 divisions (each division has its own divisional court):Queen’s BenchChanceryFamilyCrown CourtPart of Senior Courts of England and Wales. Major criminal courtHears appeals from the Magistrates’ Court.County CourtJurisdiction of these has increased in recent yearsDecisions are sometimes reportedMagistrates CourtDecisions are not binding to any court.United States – Court StructureFederal Courts may be seen as the creation of the US Constitution. Its jurisdiction is set out in the US constitution and its powers are stated in the constitution. State Courts on the other hand have a more general competence. They heard most legal controversies within the geographical area of their jurisdiction. They may be concurrent jurisdiction between federal and state courts. For example, if a stolen car is taken to a different state, it is a state and a federal matter. Forum Shopping is when parties can select the court they believe to be most favorable to their claim. Each State has its own court system, therefore each system is unique. State courts deal with the vast majority of all court cases in USA.

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Highest Court And Supreme Court.Appellate Court. (July 10, 2021). Retrieved from https://www.freeessays.education/highest-court-and-supreme-court-appellate-court-essay/