Every society has laws and rules set forth and enforced by an authority for the purpose of keeping order within the society. This clip defines "laws" and discusses the purpose of a legal system.
The relationships of principals and agents are sometimes complex, and there are many factors which influence the liability of each. This lesson explains that the principal is responsible for many of the acts of the agent and discusses what a princip...
When the obligations set forth in a contract are not met, several courses of action can be taken. This clip examines both the legal remedies, which usually involve money damages and equitable remedies, which usually finds a way to settle without the...