Below you will find questions that reflect the concepts and topics covered in the first portion of our course. In developing your responses consider the following where applicable: a) Court analysis; b) Legislative intent; c) Impact on commerce; d) Is the outcome just compensation for the injured party? Review Questions Unit

1: The Legal Environment of Business 1. Under the doctrine of stare decisis, courts are obligated to follow the precedents established in their jurisdiction unless there is a compelling reason not to do so. Should U.S. courts continue to adhere to this common law principle, given that our government now regulates so many areas by statute?

2. In this age of the internet, when people communicate via email, tweets, Facebook, and Skype is the concept of jurisdiction losing its meaning?

3-Executives in large corporations are ultimately rewarded if their companies do well, particularly as evidenced by rising stock prices. Consequently, shouldn't we just let those who run corporations decide what level of negative side effects of their goods or services is "acceptable"?

Unit 2: Torts and Crimes 1. Each time a state legislature enacts a law that applies the assumption of risk doctrine to a particular sport, how might participants suffer? 2. Because of overcriminalization, particularly by the federal government, Americans may be breaking the law regularly without knowing it. Should Congress rescind many of the more than four thousand federal crimes now on the books?Unit 3: Contracts 1. Should companies be able to make or break employment contracts whenever and however they wish? 2. The terms and conditions in click-on agreements are so long and detailed that no one ever reads them. Therefore, is the act of clicking on "Yes, I agree" really an acceptance? 3. Should courts be able to decide on the adequacy of consideration? 4. What factors will a court look towards as indicating that a third party beneficiary is an intended beneficiary? 5. Many countries have eliminated the Statute of Frauds except for sales of real estate. What is it and should The United States do the same? 6. Should courts always uphold limitation-of-liability clauses, whether or not the two parties to the contract had equal bargaining power?