Business Law Essay Example | Topics and Well Written Essays - 500 words - 33

Business Law - Essay Example In circumstance 1 (c), private and criminal law suits are involved. They serve a purpose of guaranteeing personal freedoms. This is because carrying guns in public is meant to enable the licensed individuals to secure the freedom of ownership of their assets such as money and cars while in public places. Moreover, violation of the terms of use of their guns leads to disputes between them and their governments. Lastly, in circumstance 1 (d), private and civil laws are involved. They serve the purpose of ensuring social justice. This is because disputes arising between potential employees and their employers would be addressed by private law. Moreover, the civil law ensures that all individuals enjoy equal economic rights hence deserving equal consideration during hiring (Browne et.al, 2). In scenario 2, precedent refers to a principle that had been established in a previous legal case that is persuasive to a court judge when deciding subsequent cases with similar facts. On the other hand, stare decisis refers to the act of abiding to the decided cases (Browne et.al, 4). Precedent will help the judge in deciding whether to close the different business for similar instances of misconduct through examining the applicability of the previously established rule in the current scenario. Correlation between the current and the previous cases will influence the judge to abide by the established rule. As a businessperson, knowledge of case law relevant to my business would help me make decisions regarding a shift of my business location. In scenario 3 (a), historical school of thought would help the judge to recognize the gay partner as a surviving spouse. The school of thought considers past principles established on a particular case to be influential in deciding the current case. Therefore, since there are other States that consider gay partners as surviving spouses the judge can also decide to follow suit. On the other hand,