2. Compare the creation of common law with statutory and administrative law. Why
ID: 343673 • Letter: 2
Question
2. Compare the creation of common law with statutory and administrative law. Why is the principle of stare decisis important in judicial decisions 3. Describe how steps in the framework for ethical decision making may be applied to a business problem you encounter. Imagine yourself as the CEO of a large corporation (which you may be one day). Review Carroll's pyramid of social responsibility (exhibit 2-1) and describe how to best promote ethical and responsible behavior in your organization. 5. You may go to small claims court over a disputed debt. How should a business leader prepare for court?Explanation / Answer
as per policy only 1st question will be answered
1. Common law - these laws are created from the past rulings of the court. Statutory laws are written down and passed by the covernment of the country. Administrative laws are on the other created by bodies and departments of the government and have been recognized by the state legislature.
Principle of stare decisis is important because it obligates the court to look at past rulings and pass current judicial decisions based on the precedents set by courts on similar cases in the past. this ensures courts judicial respect of past rulings to maintain integrity of the judiciary system
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.