Question

Question 1 - Using the appropriate legal terminology, assess the procedural framework of the American legal system and, from the perspective of a business, the costs and benefits of the options available for dispute resolution. For example, should every business contract contain a provision for mandatory arbitration? Assess the costs and benefits to the corporation; appraise the costs and benefits to the consumer. Give examples to support your position.

Question 2 - Focusing on the fundamental principles of business law and providing examples, discuss the Constitutional basis of American law as the authority under which businesses must operate. Specifically, what do you think: Is viewing a corporation as a “person” with Constitutional rights and responsibilities a benefit or a detriment to the corporation? Is it a benefit or a detriment to society? Defend each conclusion with contemporary examples from your own experience or the general business arena.

Solution Preview

This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.

1. Dispute resolution can be done mainly through the methods of mediation, arbitration and litigation. Of this, litigation is the most expensive and time-consuming process since it is based on the decision of the Court. Mediation and arbitration are not as expensive and lengthy as litigation since a third party listens to the disputing sides and gives a decision. Decision has to be implemented in case of arbitration and it is optional with case of mediation. Normally, businesses try to use mediation and arbitration before they go for litigation....

This is only a preview of the solution. Please use the purchase button to see the entire solution

$18.00

or $1 if you
register a new account!

Related Homework Solutions

Get help from a qualified tutor
Live Chats