Description should include
- definition of common law, civil law, and statutory law
- illustrations of each system
- explanation of how the various systems may affect global business transactions
- the importance of legal powers, including
- treaties and trade agreements
- international law
- home country law
- host country law.
Process/Skill Questions:
- How do common, civil, and statutory law differ? How does each affect global business?
- How are treaties and other international agreements affected by the home and host countries’ legal systems?
- How do trade barriers put into effect by the government or other legal entity affect the ability to trade with other countries?