FIN26074 Legal and Regulatory Environment of Business

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Question

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FIN 26074 OSU Legal and Regulatory Environment of Business Discussion

  • Develop a working vocabulary of legal terms and procedures applicable to business transactions.

Please answer the following questions:

  1. What is the difference between a civil lawsuit and a criminal lawsuit?
  2. Please explain the concept of burden of proof. Describe the three (3) burdens of proof and when they are used.
  3. Describe the jury system, how it developed, when it is used, how it functions, and the types of juries. Also, explain the advantages and disadvantages of the jury system.
  4. What is the difference between a trial court and an appellate court? What are each of their functions and what are the procedures followed in a trial court case and in an appellate court case?

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