Regulation and Administrative Law

Part 1 and Part 2 must be at least 150 - 200 words unless otherwise noted. Please read all attachments and follow all instructions. 

Part 1: Regulation and the Greater Good

After viewing The Crisis of Credit Visualized https://vimeo.com/3261363

video, respond to each of the following:

Ø How could government regulations have prevented or mitigated the credit crisis of 2008?

Ø Discuss whether too much governmental regulation of business or too little governmental regulation of business presents the greater danger to:

the greater good

business

Part 2: Administrative Law and Business

Some argue that government needs to increase its regulation of business for the good of society as a whole. Others believe that the marketplace is self-regulating and that government intervention through needless regulation places an unfair, costly burden on businesses in general and on small businesses in par­ticular. 

Ø What role do you believe government regulation should play to ensure ethical conduct by businesses? 

Ø How do different political viewpoints potentially shape the answer to this question?

Supplemental Resources

This unit deals with contract and elements of same. Please watch at your convenience.

 http://www.youtube.com/watch?v=s6-iXSJTKRA

Required Resources 

Text

Seaquist, G. (2012). Business law for managers [Electronic version]. Retrieved from https://content.ashford.edu/

Please read the following chapters in: Business law for managers:

Ø Chapter 5: Administrative Law

Ø Chapter 9: Contracts, Part I: Introduction and Formation

Ø Chapter 10: Contracts, Part II: The UCC

Ø Chapter 11: Contracts, Part III: Risk of Loss Rules, Negotiating

Ø Contracts, and Working with an Attorney

Multimedia

The Crisis of Credit Visualized (Links to an external site.) on Vimeo. (n.d.). Vimeo, Your Videos Belong Here. Retrieved October 19, 2012, from http://vimeo.com/3261363.