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Provide an introduction to the law and its purposes, including why there is a need for business law. Briefly explain the foundation of the legal

  1. Provide an introduction to the law and its purposes, including why there is a need for business law.
  2. Briefly explain the foundation of the legal system in the United States, including the branches of the U.S. government and their relationship to each other.
    1. Describe three of the primary sources of U.S. law and provide one example of each primary source of law that is related to the business environment.
    2. Name and briefly summarize the clause of the U.S. Constitution that grants the government the power to regulate business. Provide an example of government regulation of business.
  3. Differentiate between federal and state courts, including an example of the type of business case that could be heard in each court.
  4. Explain the difference between criminal law, civil law, and alternative dispute resolution.
  5. Describe why every business owner and leader must have a basic understanding of the U.S. legal system.

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