Abstract
This paper addresses the topic of business law and why a knowledge of business law is essential in working in the modern business environment. This paper serves as an applied knowledge paper, indicating that the paper shall first address business law in the workplace and then provide a case study focusing on why it is essential to incorporate an understanding of business law into business strategies. This paper also refers to the source "Business Law" (11th Edition) by Mallor (2000). The second half of this paper demonstrates exactly why business law is essential in industry through investigating the issue of property ownership, intellectual property, and patents in the biotechnology industry. A court case involving Amgen Inc. and Transkaryotiuc Therapies, Inc. (TKT) is used to clarify the issue.

From the Paper
""Business Law: Principles, Cases and Environment, by Ronald Anderson, Ivan Fox and David Twomey, provides an indepth examination of the principles of private law and cases. In addition, the authors have taken care to include information on the legal and regulatory environment in which business operates, as well as the social forces behind the creation and evolution of specific principles and rules.

The text is divided into 11 parts: legal rights and social forces; contracts; personal property and bailments; sales; commercial paper; government, business and society; secured transactions, creditors' rights and insurance; agency and employment; business organizations; real property; and, estates."

Abstract
In this article, the writer discusses three business law issues. The first is on Internet pornography law, especially child pornography, the second on contract law and the third on Internet domain name law and the Lanham Act.

From the Paper
"The government has made numerous attempts to control Internet pornography especially child pornography but has encountered resistance from the Courts which often contend that efforts to block access to such materials constitute a violation of First Amendment free speech rights. The challenge to the city's ordinance is likely to prevail. The US Court of Appeals Circuit held in such cases as Free Speech v Reno that legislative efforts to block pornography dissemination such as the Child Pornography Prevention Act CPPA are unconstitutional."

Tags:contract law, trademark, Internet domain names, pornography, Supreme Court

Abstract
In this paper, the writer describes the case of an individual who entered into two separate legal situations, one contractual and the other relating to Agency law. The writer relates the difficulties that arose during the course of these transactions and of the legal action taken by the individual to gain compensation for alleged losses. The author examines the history of the two disputes and the legal differences between the two cases.

From the Paper
"In Jose's mind, he had accepted the Winnebago owner's final offer to sell the Winnebago for $25,000. According to the Winnebago owner, his original offer was to sell the vehicle for $30,000. When Jose offered $20,000 instead, that was a counteroffer which he rejected immediately. The Winnebago owner had then made a new offer to sell the vehicle to Jose for $25,000 which Jose never accepted, because when Jose responded "OK. If you change your mind, please call me," that was a rejection of his last offer. As of that rejection, the parties no longer had any outstanding offers or counteroffers on the table any longer except for the seller's original published offer of $30,000. Unfortunately for Jose, the lawyer he consulted confirmed the Winnebago owner's point of view and advised Jose to forget about any claim against him for breach of contract (Halbert, 24)."

Tags:law, contact, agency, claim, lawyer, business

Abstract
Responses to questions set by the professor that discuss (1) strict liability concept; outcome in different scenarios involving consumer injury case; (2)business custom & contract law involving informal discussion and improper ordering procedure to produce false order at great expense; (3) improper land purchase null and void under Ontario transfer law; building immaterial or cost incurred by misinformed buyer; (4) changed commercial informal contract; how a better rate cannot be demanded after business has been done, (5) private contract in which alteration of payment not noted as codicil, possible recourse of both parties.

From the Paper
Introduction Globalization is defined as the increasing global interconnectedness of separate markets and cultures due, in large part, to significant advances in technology. Although globalization has many facets, in the past half-century, it has had profound implications on the world. It has connected cultures economically, politically, and socially. Because of this, successful businesses have learned how to manipulate globalization to their benefit. In order to take advantage of the opportunities that globalization offers, a company must understand the organizations that help direct its course.

Tags:tort/contract, liability, land transfer

Abstract
Business law brings order to the world of commerce by governing all aspects of business relations from the formation of companies to day-to-day transactions. This paper provides a general overview of business law and covers issues such as socially irresponsible corporations, government regulations, anti-trust provisions and mergers and acquisitions.

From the Paper
"Corporations have a responsibility to the society in which they operate and not merely to their shareholders. They have a fiduciary responsibility to shareholders and are in effect representing those shareholders in business, producing goods and services, amassing a return on the investment of the shareholders, and then returning a proper share of that return to those shareholders. If the corporation does not act with a sense of responsibility, however, that reflects badly on the corporation and so on the shareholders, reducing their return. In today's business environment, there are any number of actions which a company might take that would be perceived as socially irresponsible, and more and more companies are finding that if this does occur and is found out, the company and its shareholders suffer."

Tags:consumer, Sherman, Supreme, Court

Abstract
The paper offers brief definitions of the many laws applicable to running a business. It covers everything from business formation laws to zoning laws.

From the Paper
"Corporation, chartered by the state in which it is headquartered, is considered by law to be a unique entity, separate and apart from those who own it. A corporation can be taxed; it can be sued; it can enter into contractual agreements. The owners of a corporation are its shareholders. The shareholders elect a board of directors to oversee the major policies and decisions. The corporation has a life of its own and does not dissolve when ownership changes."

Tags:corporation, partnership, legal, federal, state

Abstract
This paper answers five questions on Canadian business law.

From the Paper
"Most matters have to do with Irwin Dorfman's definition of law as `a set of rules that enable people to live together and respect each other's rights. It seems that a good deal of Canadian business law has to do with custom, standards and understandings in different agreements and thus, the avoidance of disputes that are counter-productive..."

Tags:contract, obligations, charter

From the Paper
"Tort Reform and Business Law
Current Events
Tort reform has not resulted in much change within the American system of law. A primary problem is that as appeals to lower court decisions about the serviceability of tort reform legislation have made their way to courts of appeal, all or part of tort reform legislation is being struck down. This is mainly because courts wish to preserve "the right to a jury trial for common-law torts without limitation" (Finzen, Haley, & Shaw, 1998). The article appearing in the February 16, 1998 issue of The National Law Journal, entitled "Illinois high court latest to nix reform law," goes a long way towards framing the difficulties inherent in tort law. It seems that while allowing juries the freedom to find for huge damages may seem ludicrous.."

Abstract
The paper describes how the four businessmen profiled in "The Tycoons"; John D. Rockefeller, Andrew Carnegie, Jay Gould and
J.P. Morgan, manipulated the stock market, drove up the price of gold, drove small competitors out of business through stock and bond manipulation, and generally attempted to corner each of their industries for their own profit and power. The paper then shows how as a result of their actions, some of the national laws on commerce, trading, and industry were formulated that helped create a system of fair and free enterprise. The paper discusses the passing of the Sherman Anti-Trust Act, the Robinson-Patman Act, the Securities Exchange Act and the Interstate Commerce Act.

Outline:
John D. Rockefeller
Andrew Carnegie
Jay Gould
J.P. Morgan

From the Paper
"John D. Rockefeller's name is synonymous with power and money, and his relatives still reside in New York today, and dabble in politics, as well. Rockefeller is also known as the chairman of Standard Oil, and the man who helped create mega "trusts" in America (unlike the trusts of today). These trusts ultimately led to the Sherman Anti-Trust Act of 1890 in an attempt to curtail the activities and mergers of corporations into giant corporations with enough power and size to shut down the nation's economy if they desired."

Tags:monopolies, corporations, cartels, trusts, stock, manipulation, free, enterprise