Answer the following about Business Law

1) What are the different types of jurisdiction a court must have before it can render a binding decision on a case? List each type and give a short definition of each.

2) List the threshold requirements that must be met before a court may consider a case.

3) What is the “Commerce Clause?” Why is the Commerce Clause important? Discuss some effects the Commerce Clause has on the government’s regulation of business.

4) Explain the elements of a valid “offer.”. Once given, how may an offer be legally terminated? What are the elements of the “acceptance” of an offer?