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Question

1.  Explain how the doctrine of stare decisive brings stability to the legal system.

2. Explain the function of law in shaping moral standards with an example.

3. Explain with an example how the law may permit something that is ethically wrong.

4. What are the strengths of operating a business as an LLC?

5. Why is it a good practice for partners to put their partnership agreement in writing?

6. Explain how preferred stockholders can collect dividends from corporations in spite of corporations having no earnings to pay them

7. Discuss the criticism of Kantian ethics with an example.

8. Explain the Equal Protection Clause of the 14th Amendment.

9. Discuss the need for and significance of the U.S. courts of appeals.

10. Why are general partners liable for the debts and obligations of the partnership?

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Solution Preview

The doctrine of stare decisis dictates that lower courts must follow the precedent established by higher courts. That is why all federal and state courts in the United States must follow the precedents established by U.S. Supreme Court decisions. State courts are not bound to follow the precedents 

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