Principles Of Business Law at Fachhochschule Aachen | Flashcards & Summaries

Lernmaterialien für Principles of Business Law an der Fachhochschule Aachen

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TESTE DEIN WISSEN
What does principle of separation mean? 
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TESTE DEIN WISSEN
• distinguishes between the contract and the transfer of property 
• a legal transaction, e.g. entering a purchasing contract, is divided into two parts, one obligatory part and one part concerning property rights
• obligation and material transfer agreement are divided even if they coincide in time 
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TESTE DEIN WISSEN
What is a part of the Bundesregierung/ Federal government ? 
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TESTE DEIN WISSEN
• Consists of the Chancellor and Federal Ministers  

      Chancellor 
       - submits the policy guidelines 
       Each Minister 
       - directs his/her department    independently 
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TESTE DEIN WISSEN
Which kind of formal requirements does the German Law know ?


(Pyramide) 
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TESTE DEIN WISSEN
1. Notarial deed 
2. Public attestation 
3. • written form 
     • electronic form 
     • text form 
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TESTE DEIN WISSEN
What are the consequences when the seller does nor fulfill the right cure? 
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TESTE DEIN WISSEN
Claims for damage 
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TESTE DEIN WISSEN
What does improper performance mean? 



(434 Material Defects) 
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TESTE DEIN WISSEN
Material defect
A thing has a material defect if it is not suitable for the use intended under the contract ( no 1 ) or if it is not suitable for the customary use and its quality is not usual in things of the same kind and the buyer may expect this quality in view of the type of the thing (no 2) 
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TESTE DEIN WISSEN
What is the difference in text form when compared to written and electronic forms? 
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TESTE DEIN WISSEN
Key difference: NO SIGNATURE REQUIRED! 
• (+) email, USB-stick, fax, hard disk, sms
• name of the declarant on the message sufficient 
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TESTE DEIN WISSEN
What is the Bundesrat / Federal Council? 

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TESTE DEIN WISSEN
• organ of the Federal State
• each state has a minimum of 3 or - maximum of 6 seats
• Federal Council is given the opportunity to participate in legislation and administration

Main duties: to participate in legislative processes -> some laws need the APPROVAL of the Federal Council in order to be enacted. 
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TESTE DEIN WISSEN
Role of a lawyer in a lawsuit
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TESTE DEIN WISSEN
• pro-active advisory service
•prepare the lawsuit (statement of claim, written pleadings)
• parties’ legal advice
• file the necessary motion/petitions according to the relevant rules of Procedure
• call witnesses
• present their legal opinion 
Lösung ausblenden
TESTE DEIN WISSEN
1st Book: GENERAL PART 
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TESTE DEIN WISSEN
• Contains general rules on the formation, performance and enforcement of contracts
aim: protection of the weaker party 
• addresses all types of contracts
• clear and comprehensive structure 
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TESTE DEIN WISSEN
Why do we need law?
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TESTE DEIN WISSEN
Law protects our general safety, and ensures our rights as citizens against abuses by other people, by organizations, and by the government itself. 
Lösung ausblenden
TESTE DEIN WISSEN
What is the role of a judge on a lawsuit? 
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TESTE DEIN WISSEN
• manages and structures the proceedings
• plays an active role
• takes the relevant decision
• summons ordinary and expect witness
• can enforce the attendance of witnessby subpoena when necessary
• examines the legal material  
Lösung ausblenden
TESTE DEIN WISSEN
What is part of public law? 
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TESTE DEIN WISSEN
Constitutional Law 
     - law relating to the constitution of the      state
      - fundamental rights
Administrative Law 
      - Public administration 

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Q:
What does principle of separation mean? 
A:
• distinguishes between the contract and the transfer of property 
• a legal transaction, e.g. entering a purchasing contract, is divided into two parts, one obligatory part and one part concerning property rights
• obligation and material transfer agreement are divided even if they coincide in time 
Q:
What is a part of the Bundesregierung/ Federal government ? 
A:
• Consists of the Chancellor and Federal Ministers  

      Chancellor 
       - submits the policy guidelines 
       Each Minister 
       - directs his/her department    independently 
Q:
Which kind of formal requirements does the German Law know ?


(Pyramide) 
A:
1. Notarial deed 
2. Public attestation 
3. • written form 
     • electronic form 
     • text form 
Q:
What are the consequences when the seller does nor fulfill the right cure? 
A:
Claims for damage 
Q:
What does improper performance mean? 



(434 Material Defects) 
A:
Material defect
A thing has a material defect if it is not suitable for the use intended under the contract ( no 1 ) or if it is not suitable for the customary use and its quality is not usual in things of the same kind and the buyer may expect this quality in view of the type of the thing (no 2) 
Mehr Karteikarten anzeigen
Q:
What is the difference in text form when compared to written and electronic forms? 
A:
Key difference: NO SIGNATURE REQUIRED! 
• (+) email, USB-stick, fax, hard disk, sms
• name of the declarant on the message sufficient 
Q:
What is the Bundesrat / Federal Council? 

A:
• organ of the Federal State
• each state has a minimum of 3 or - maximum of 6 seats
• Federal Council is given the opportunity to participate in legislation and administration

Main duties: to participate in legislative processes -> some laws need the APPROVAL of the Federal Council in order to be enacted. 
Q:
Role of a lawyer in a lawsuit
A:
• pro-active advisory service
•prepare the lawsuit (statement of claim, written pleadings)
• parties’ legal advice
• file the necessary motion/petitions according to the relevant rules of Procedure
• call witnesses
• present their legal opinion 
Q:
1st Book: GENERAL PART 
A:
• Contains general rules on the formation, performance and enforcement of contracts
aim: protection of the weaker party 
• addresses all types of contracts
• clear and comprehensive structure 
Q:
Why do we need law?
A:
Law protects our general safety, and ensures our rights as citizens against abuses by other people, by organizations, and by the government itself. 
Q:
What is the role of a judge on a lawsuit? 
A:
• manages and structures the proceedings
• plays an active role
• takes the relevant decision
• summons ordinary and expect witness
• can enforce the attendance of witnessby subpoena when necessary
• examines the legal material  
Q:
What is part of public law? 
A:
Constitutional Law 
     - law relating to the constitution of the      state
      - fundamental rights
Administrative Law 
      - Public administration 

Principles of Business Law

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