Business Law                                           Name ___________________

Ch. 1 Ethics & Law                                Date ____________________

 

I.       How _________________ ____________ Are Made

          A.      What do we ___________ our decisions on?

                   1.      Systems of ______________ & ______________?

                   2.      Systems of ________________ (_______)?

                   3.      ______________ arise when standards of conduct _______________.

 

B.      Morality vs. Ethics

                   1.      ______________ -  The __________ that govern a society's _______________ toward right and wrong.

a.       a _________ person - A person who lives by certain social values.

                             b.       an _________ person - A person who does not live by certain social values.

                             c.       an _______ person - A person who doesn't care!

                   2.      ___________ - Attempts to ____________ the means for determining __________ those values should be.

a.       Ethics tries to create _________ keeping with those __________.

b.       Ethics & morality are used interchangeably.

 

          C.      3 Ways of Making Decisions

1.      _________________ & _________________

                             a.       May ___________ from person to person & situation to situation.

b.       Many people believe that _________ are based on changing feelings and opinions.

                             c.       The US was ______________ on a tradition of tolerance.

d.       The US is a country of ________________ from a variety of ____________ with different ethical values.

                             e.       Example 1, pg. 7

                             f.       Some people have a ____________ basing ethical decisions on feelings and opinions. 

1)      They argue that if ethics are just a matter of opinion or feelings, then no one can _________ do _______________ wrong.

                             g.       Example 2, pg. 7

                             h.       How can people figure out that theft is ________ even without a ______ telling them it is wrong?

1)      Look at how an action ________ or _________ the people affected by it.

2)      It can also set a ________ example for others to follow.

                   2.      The _____________ ______________

                             a.       People live and work in ______________ and their actions ____________ others.

                             b.       If someone does something that hurts a lot of          ________________ people, many others would

feel that action is _______________.

1)      These people would say that they make their ethical decisions based on the __________

good for the greatest ______________ of people affected by the _____________.

                                      2)      The more ___________ that results, the more ___________ the action.

                                      3)      The more __________ that results, the less ____________ the action.

                             c.       Greatest Good principle is often used because they see it as a _____________ way to make

ethical ______________.

                             d.       Many ______________ this principle because it often results in decisions that seem __________

and because it can often be ________________.

                             e.       Example 3, pgs. 7 - 8

                                      1)      Greatest good Principle is _____________.

                                      2)      ____________ to _______________ the 10 guilty doesn't help the _____________

number of students.

                                      3)      Keeping quiet is not ___________ to the innocent student taking the _____________.

                   3.      The ___________ ____________

                             a.       "Do __________ ____________ as you would have them do ___________ __________."

                             b.       ____________ of the 3 Ways - Very Consistent

                             c.       Identified with ____________ & other religions.

                             d.       ________________

                                      1)      Putting yourself in the ___________ person's ________________.

                                      2)      The "___________" of the Golden Rule.

                                      3)      "Would I want to be __________ this way?"

                             e.       Good __________________

f.       Example 4, pg. 8 - Often __________ by individuals placing their own ____-interest first.        

                             g.       Example 5, pg. 9 - You must ___________ the dignity and worth of _________________.

                             h.       Example 6, pg. 9 - People _________ to be treated with ________________.

                             i.       Example 7, pg. 9

1)      What does a _____________ mean to you?

2)      ______________ are "very important." 

3)      A world without _______________ would be a world without ______________ , __________ , or ________ engagements.

                             j.       Example 8, pg. 9 - Once you have made a promise, _____________ ______.

 

II.                The Relationship Between ________ & _________

 

A.               3 _________ to Make Ethical Decisions

1.                Rely on ______________ ____ _____________.

2.                Gauging the _____________ __________ for the ____________ _______________ of People.

3.                Following the _____________ _____________.

4.                 

B.               The Outcome

1.                If people always acted on those results there would be ___ __________for Law.

2.                However, even when everyone ___________ that a certain type of conduct is ____________, that doesn’t ________ people from ____________in that conduct.  (Examples:  ___________, _________ ______)

 

C.               Why ____________ Is Necessary

1.                ___________ tells us what we __________ to do.

2.                ____________

a.                 Consists of “___________ ___ _________” established by the _____________ of a society to _____________ stability and justice in that society.

b.                 Law is ________________ because people don’t always do what they ____________ to do.

 

D.              How Law ______________

1.                It _______________ the legal __________ and _____________ of the people.

2.                It also provides a ___________ of ______________ these rights and duties through _______ enforcement agencies, courts, legislatures and regulatory agencies.

3.                Law __________ always make people do what is right but it does have “The ________ to _________” for _____________ acts.

4.                The ____ must draw the line between ____________ and ________________ conduct so that people don’t ___________ themselves and one another.

5.      Example 9, pg. 11 – The law cannot __________ the situation Amalfi, but it will ______________ Jake.

 

E.      Ethical & Legal Conflicts

1.                Law is ___________ because it is made by _______.

2.                Legislators & Judges bring their own personal _______________ and __________ on ethics and morality to the law making _______________ (therefore law will always be in _____________).

3.      Example 10, pg 11 – _____________ between ___________ of journalism and _________ order of

a judge.

 

III.             Laws Come from ___ ________Sources

 

A.      ____________ and ______________ Constitutions

 

B.      English ______________ Law

 

C.      _________________

 

D.      _____________ Decisions

 

E.      _________________ Law

 

IV.           _____________ and _____________ Constitutions

V.               

A.               ______________

1.                Def. - ____________ of ____________ established by the ______________.

2.                Laws come from the ____________________.

3.                A Country’s ________________ spells out the __________________ by which that countries government _________________.

4.                The ______ _______________ is our most ___________________ form of law.

 

B.               The ______ Constitution

1.                The _________, ________ foundation for the laws of the ______________.

2.                It sets the ________________ rights of citizens.

3.                It defines the ____________ within which the federal and state governments may ________ ________.

4.                It describes the functions of the _________ branches and ____________ of our national government.

5.                See pg. 13 Figure 1-2

 

C.      _______________of the U.S. Constitution

1.      Articles ___, ____, _____ – Set forth the “______________” and “____________” of the three

______________ of the federal gov't.

2.      Article ____ – Requires _______ ________ to accept the laws of ______________state.

3.      Article___ – Tells how the Constitution may be _____________ or ________________.

4.      Article ____– Contains the ____________ Clause.  It states that the ______ Constitution and the _____ of

the U.S. ___________ shall be the ____________ law of the land.

5.                Article _______ – ______Article – provided for __________________ of the Constitution (took place in 1787).

 

D.      The _____________________ to the US Constitution

1.                __________ of _________________

a.       __________ 10 Amendments to the Constitution.

b.       ____________ the ________ of the government.

c.       The Basic ___________ is to protect 2 kinds of rights:

1)               Right of _________________ Liberty

2)               Right of Persons __________ of Crimes

 

E.      There have been ___ Amendments (we focus on __).

1.                ______ Amendment (The ______ Protection Clause)

a.                 “No State shall ____________ any person of life, liberty or property ____________ Due Process of law; nor __________ to any person within its jurisdiction the __________ protection laws.”

b.                 Requires __________ governments to give to their citizens the __________ rights that the ___________ government must give to US citizens under the _______ Amendment.

c.                 Example 11, pg. 12

2.                ______ Amendment

a.                 Most __________, enacted in 1971.

b.                 Gives 18 year olds the Right to ________.

c.                 It does not ___________ any state from allowing citizens less than 18 to vote if it so chooses.

 

F.      The ____________ Constitution

1.                Each State has its _____ Constitution.

2.                Similar but ____ identical to the Federal Constitution.

3.                Sometimes they are more ___________________.

4.      Example 12, pg. 14

 

VI.           English ______________ Law

A.               ___________ System in the US (__________ Louisiana) is rooted in English Common Law.

1.                It came with the early ___________ from England.

a.                 A ___________ system is used.

b.                 In ________ times there was no written law, decisions were __________ on the customs and __________ of the people.

c.                 Judges __________ their _____________ with other Judges.

d.                 All efforts were made to _________ the same law in “_________” with everyone else.

2.                Eventually court decisions were _________ down.

a.                 This led to the Doctrine of “___________.”

b.                 ___________ of Precedent:   “A Judge is ___________ to follow an earlier court decision when deciding a case with ______________ circumstances.”

c.                 Also called:  Doctrine of _________ __________ = Let the decision _________.

3.                English Common Law has been ___________ by passing state _________ and court ___________; however, some parts are still the ___________.

 

VII.        ______________ Law

 

A.               ______________ – Laws specifically ___________ by a governing body ____________ for that purpose.

1.      Consists of laws ____________ by:

a.       US _______________

b.       ___________ Legislatures

c.       ____________ City Councils

d.       ___________ Meetings

2.      Also found in:

a.       State and Federal ____________

b.       City ______________

c.       Town _______________

3.                The differences in terms tell us at which _________ of government a law was passed.

 

B.               State _______________

1.                    Each state has its own __________ of lawmakers (__________________) with the job of creating or passing _______________ Law.

2.                    Most State _______________ are set-up like _____________ (different parts __ different things).

3.                    What they do:

a.                 A statute may _________ you to do something (Example:  Pay taxes or wear seat belts).

b.                 A statute may _________ an act (Example:  Prohibit purchasing or consuming ________ until you are 21).

4.                The US Constitution (___________) is the _____________ Law of the land. 

a.       __________ Legislature must not __________ with the _______Constitution.

b.       If it does it will be declared ________________.

 

C.               ______________ Statutes

1.                ____________ by the US ___________ and _____________ by the ____________ of the US.

2.                Based on _____________ given to the Federal Government by Article ___ of the US Constitution.

3.                Included:

a.                 Power to _________  b.       Power to _____

c.       _______Commerce     d.       Declare _______

e.       __________ Money    f.       ___-up Federal Courts

4.                Statutes passed by Congress generally ___________ matters that concern the ___________ as a whole.

 

VIII.     Court Decisions

 

A.               ___________-Made Law

1.                ___________ Law

2.                Court _______________

3.                _____________-Made Law

B.               Laws made by Common Law _______________ by interpreting statutes by _____________ review.

 

C.               The _______________ court of the state may _________ the line of _______________.

 

D.              When a statute is ______________, incomplete or unclear, judges _______________ interpret a statute ___________ it is involved in a dispute between two parties in a lawsuit before the judge.

 

E.               Courts can declare a _________ or __________ unconstitutional (make it no-longer__________).

 

F.                _____________ ________– Final authority regarding the constitutionality of all _________ & governmental action.

 

IX.            _________________ Regulations

 

A.               Federal, State & Local _______________ may need to ____________ some activities in public interest.

B.               Legislators may not have the _________ _____________ of a field or the __________ to give their complete attention – therefore – Legislators often give “_____ ___________ ____ _____________” an activity to an _______________ agency.

1.                Administrative______________ – Regulatory Agency, a department of government formed to _______________ particular legislation.

a.                 They must have an unusually __________ range of powers.

b.                 They can:

1)               Make their own _______________.

2)               _____________ their rules.

3)               _______________ violations of their rules.

4)               Decide the _________ or ______________ of those who _____________ their rules.

c.                 ______________________ Law consists of those rules and procedures _____________ by ____________ agencies.

d.                 Courts have ruled such ______________ to be ______________________.

e.                 The ___________________ that created an agency always has the ______________ to ____ that Agencies existence or to change its power.

f.                  Any ___________ decision by an ___________ can always be _______________ by a court.