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Business environment in Arizona - Case Study Example

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The American business environment is governed and regulated by federal laws on the national sphere. However, these regulations become different and more specialized on the state court level. This paper will discuss the business environment in Arizona…
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Business environment in Arizona
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"Business environment in Arizona"

Download file to see previous pages In a business environment the federal court system undertakes cases that fall under the national jurisdiction. Federal state laws have a limited jurisdiction cover when handling cases. The US constitution has specified cases that involve multi-state companies in a business fraud situation. Handling interstate disputes in all relevant fields including company tussles, allocations of contracts are all catered by the federal government ("Federal Courts. State Practice or a Federal Right", 1917)
Federal laws are formulated to deal with bankruptcy cases. The nature of fraud associated with these cases. Concealment of assets by financial institutions is often the immediate response, thus culprits use fake files in different states. This offense mostly accompanies money laundering, identity theft and public corruption; these crimes are all handled by the federal law ("Bankruptcy. Preferences. Right to Rescind Transaction for Fraud", 1922)
Admiralty law is another special section handled by the federal law; this is the section that deals with maritime offenses. This is a very relevant section of people who handle business transactions. Offenses relating to water vessels, violation of water transport laws are handled by the federal government (OceanPortal)
State court structure
This system of law and the judiciary is more specifically set for civil cases. The major factor that distinguishes this system from the federal law is a broad jurisdiction. Multiple spectrum of both civil and criminal offenses are covered by state law. ...Download file to see next pagesRead More
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