Questions tagged [law]

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What is a stockholder class action for?

Sometimes, when a public company allegedly does something wrong/illegal/etc, the investors of the company organise a class action suit against the company, such as the Commonwealth Bank of Australia (...
3
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Are some laws “Progressive” for businesses?

(United States Based) I'm not sure if this is the right exchange to ask this in. You know how there are progressive tax laws where lower income individuals are taxed a smaller percent of their income. ...
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0answers
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In Korea, violations of foreign exchange controls were punished with the death penalty?

According to Chang Ha-Joon (2007), in (South) Korea, violation of foreign exchange controls could be punished with the death penalty. Is this true? What was/were the exact law(s)? Did anyone ...
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What would be the costs of declaring/legislating that Scottish banknotes be legal tender?

Bank of England: English banknotes aren’t legal tender in Scotland. Scottish notes aren’t legal tender in England or Scotland. Committee of Scottish Bankers: Scottish Bank notes are not Legal ...
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30 views

Foreseeability vs negligence

Why is it the case that contractual liability is usually defined by basis of foreseeability rather than negligence (like in tort law)? I am looking a good explanation for this from economics. I ...
0
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1answer
21 views

Why doesnt Law of Diminishing Marginal Utility not affect price effect?

Ok so in my textbook, it is given that the downward slope of the demand-price curve is justified by three factors: Law of Diminishing Marginal Utility Income Effect(Real income) Substitution effect ...
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Advantages of compensating victims of medical injuries via tort liability

Does anyone know any advantages of compensating victims of medical injuries via tort liability? There are lots of disadvantages to that but it seems like there are no advantages. Most of the articles ...