I just finished reading the essential business law pdf. It was a very thorough and interesting book about business law. I am a huge business law nerd.
When someone gives you a business law book, it’s a great idea to read it just to familiarize yourself with what the law is, how it is interpreted, and what is legal to do, not just for business. It helps to know the basics of business law. And when you are familiar with the law, it’s easier to work out what is legal to do.
One of the main points I took away from the presentation was that the legal system is often misunderstood. For example, a few months ago people were saying that the FTC, or Federal Trade Commission, is a “do-gooder.” But, the FTC defines itself as a consumer protection agency, which I think is a much more accurate way to understand the scope of the law as it relates to business. I think this is a great example of how law can be a double-edged sword.
This is another area that law is a double-edged sword. On the one hand, the courts have held that you can only prosecute people who knowingly break the law. For example, if you make a sale of illegal cigarettes you can only be prosecuted if you made a conscious decision to sell them, not because of any criminal intent.
However, because it is illegal, there is no real penalty and there is no real deterrence. So even though it is a crime, it is not a very difficult one to commit. It seems to be more difficult to get people to understand that the law needs to be enforced.
I don’t think this question is very well addressed by the current discourse on this blog, but I think we can make a number of useful observations. First, laws are rarely written in the same language as people understand. Therefore, they can only be enforced in a society with different rules.
Some people want laws to be a lot more clear and specific, but even in that case, the law is just a collection of rules that have already been written down by the people who drafted them. This is why it is so important to have a law school or legal association. In fact, many countries have legal associations that do just that.
A law is not a “rule” as the legal definitions might imply. It is instead a “norm”, a collective set of rules that apply to everyone. For example, even though the British law on adultery in 1857 was not as clear as it might have been, this was not the law as applied in the Victorian era.
In 1857, adultery was punishable by death in the British Empire. However, in the Victorian era, adultery was a capital crime that carried a sentence of up to 14 years in prison. So when people say “there is no such thing as a ‘norm’”, they’re right. A legal norm is a set of rules that should be followed. For example, the British law on adultery in 1857 was not as clear as it might have been.
The 1857 law also says that the sentence of 14 years is not a legal penalty. If you commit adultery with someone you knew or married before 1857 but youre married now, the sentence of 14 years is a legal penalty and will not be imposed. That means that you will not be prosecuted for adultery if you committed adultery before 1857.