{"id":1071,"date":"2015-06-02T21:07:57","date_gmt":"2015-06-02T21:07:57","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusinesslaw1x6xmaster\/?post_type=chapter&#038;p=1071"},"modified":"2017-01-09T19:42:41","modified_gmt":"2017-01-09T19:42:41","slug":"why-it-matters-6","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/montgomerycollege-masterybusinesslaw2\/chapter\/why-it-matters-6\/","title":{"raw":"Why It Matters","rendered":"Why It Matters"},"content":{"raw":"<h2>Why recognize and describe legal issues in various business scenarios, including the legal implications of the issues?<\/h2>\r\n<h3>INTRODUCTION<\/h3>\r\nBasic Legal \u201cISSUES\u201d may seem very similar and perhaps even synonymous with the Basic Legal \u201cCONCEPTS\u201d discussed in the last section but \u201cISSUES\u201d are quite different. Where as concepts are statements of definitions of law, \u201cissues\u201d are really questions. Issues should be seen as questions of \u201cif or how\u201d a law will be applied to a business problem or to resolve a\u00a0business litigation. To operate successfully in business you will need to be able to identify basic legal issues and how legal issues affect the resolution of a business dispute or affect the resolution of business litigation.\r\n\r\nIn this section you will see how the answers to specific legal issues (questions) in turn provide the answers to really significant and important questions you will encounter, such as:\r\n<ol>\r\n\t<li>Does our company actually have a legal contract of sale in this situation?<\/li>\r\n\t<li>Is our company legally and financially responsible for the customer\u2019s injuries suffered in out parking lot?<\/li>\r\n<\/ol>\r\nThe answers to each of the above questions will always be answered when the special facts and circumstances of a problem are applied to one or more relevant \u201cLEGAL ISSUES\u201d. In the future whether or not your company wins or loses a business dispute in or out of court will depend on the answers to the specific legal issues arising in the particular dispute.\r\n\r\n<strong>To successfully navigate your business through a world of contracts and torts you need to have some ability to understand and identify the legal issues that create each of them. \u00a0Remember this as you move through this section. \u00a0It\u2019s an essential part of your business law education.<\/strong>\r\n<h3>LEARNING OUTCOMES<\/h3>\r\n<ul>\r\n\t<li>Propose potential contract terms for a business scenario<\/li>\r\n\t<li>Identify potential torts to factual scenarios<\/li>\r\n<\/ul>\r\nOk, let\u2019s get started!","rendered":"<h2>Why recognize and describe legal issues in various business scenarios, including the legal implications of the issues?<\/h2>\n<h3>INTRODUCTION<\/h3>\n<p>Basic Legal \u201cISSUES\u201d may seem very similar and perhaps even synonymous with the Basic Legal \u201cCONCEPTS\u201d discussed in the last section but \u201cISSUES\u201d are quite different. Where as concepts are statements of definitions of law, \u201cissues\u201d are really questions. Issues should be seen as questions of \u201cif or how\u201d a law will be applied to a business problem or to resolve a\u00a0business litigation. To operate successfully in business you will need to be able to identify basic legal issues and how legal issues affect the resolution of a business dispute or affect the resolution of business litigation.<\/p>\n<p>In this section you will see how the answers to specific legal issues (questions) in turn provide the answers to really significant and important questions you will encounter, such as:<\/p>\n<ol>\n<li>Does our company actually have a legal contract of sale in this situation?<\/li>\n<li>Is our company legally and financially responsible for the customer\u2019s injuries suffered in out parking lot?<\/li>\n<\/ol>\n<p>The answers to each of the above questions will always be answered when the special facts and circumstances of a problem are applied to one or more relevant \u201cLEGAL ISSUES\u201d. In the future whether or not your company wins or loses a business dispute in or out of court will depend on the answers to the specific legal issues arising in the particular dispute.<\/p>\n<p><strong>To successfully navigate your business through a world of contracts and torts you need to have some ability to understand and identify the legal issues that create each of them. \u00a0Remember this as you move through this section. \u00a0It\u2019s an essential part of your business law education.<\/strong><\/p>\n<h3>LEARNING OUTCOMES<\/h3>\n<ul>\n<li>Propose potential contract terms for a business scenario<\/li>\n<li>Identify potential torts to factual scenarios<\/li>\n<\/ul>\n<p>Ok, let\u2019s get started!<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-1071\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Authored by<\/strong>: Allen Jorgensen and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":74,"menu_order":1,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"\",\"author\":\"Allen Jorgensen and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-1071","chapter","type-chapter","status-publish","hentry"],"part":83,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/montgomerycollege-masterybusinesslaw2\/wp-json\/pressbooks\/v2\/chapters\/1071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/montgomerycollege-masterybusinesslaw2\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/montgomerycollege-masterybusinesslaw2\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/montgomerycollege-masterybusinesslaw2\/wp-json\/wp\/v2\/users\/74"}],"version-history":[{"count":1,"href":"https:\/\/courses.lumenlearning.com\/montgomerycollege-masterybusinesslaw2\/wp-json\/pressbooks\/v2\/chapters\/1071\/revisions"}],"predecessor-version":[{"id":1072,"href":"https:\/\/courses.lumenlearning.com\/montgomerycollege-masterybusinesslaw2\/wp-json\/pressbooks\/v2\/chapters\/1071\/revisions\/1072"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/montgomerycollege-masterybusinesslaw2\/wp-json\/pressbooks\/v2\/parts\/83"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/montgomerycollege-masterybusinesslaw2\/wp-json\/pressbooks\/v2\/chapters\/1071\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/montgomerycollege-masterybusinesslaw2\/wp-json\/wp\/v2\/media?parent=1071"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/montgomerycollege-masterybusinesslaw2\/wp-json\/pressbooks\/v2\/chapter-type?post=1071"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/montgomerycollege-masterybusinesslaw2\/wp-json\/wp\/v2\/contributor?post=1071"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/montgomerycollege-masterybusinesslaw2\/wp-json\/wp\/v2\/license?post=1071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}