Law — definition?
A system of rules recognized and enforced by penalties.
Functions of law — role?
Regulates social interactions, protects rights, maintains order.
Rule of law — principle?
All are subject to and accountable under law.
Legal syllogism — mechanism?
Applying general rules to specific facts.
Importance of law study — reason?
Helps business professionals communicate and make informed decisions.
Legal systems — comparison?
Civil Law relies on statutes; Common Law on case law.
Sources of law — types?
Treaties, directives, regulations, case law, customs.
Hierarchy of laws — purpose?
Ensures consistency by ranking legal norms.
European treaties — main ones?
TEU and TFEU establish EU law principles.
EU secondary legislation — examples?
Directives, regulations, decisions.
EU free movement — principle?
Allows goods, persons, services, capital to circulate freely.
Contract formation — essential elements?
Offer, acceptance, consideration, capacity, lawful purpose.
Contract validity — requirements?
Legal content, proper formation, lawful purpose.
Contract liability — types?
Civil, criminal, tortious, contractual.
Contractual liability — notion?
Parties are bound to fulfill obligations.
Sanctions for breach — remedies?
Damages, specific performance, rescission.
Contract negotiation — process?
Discussions aiming for agreement, involving proposals and concessions.
Duties during negotiation?
Good faith, honesty, transparency.
Company formation — process?
Legal incorporation via registration and compliance.
Company management — roles?
Decision-making, oversight, strategic implementation.
Teste tes connaissances avec un QCM de 10 questions sur Foundations of Business and European Law.
1. Who is credited with proposing the social contract theory that underpins modern contract law?
2. When applying the legal requirements for company formation, which step must be taken to ensure the company's legal recognition?
Révisez le cours complet dans la fiche de révision de Foundations of Business and European Law.
Voir la fiche →Importe ton cours et l'IA génère des flashcards en 30 secondes.
Générateur de flashcards