Discussion Post: Legal Ethical & Social Environment
Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding.
Also, provide a graduate-level response to each of the following questions:
• Franklin Felon shot and killed two people during a robbery. Why was this act a violation of both criminal and civil law?
• Cash Right Now, LLC provides very high interest loans to people with poor credit scores that have a high probability of defaulting on the loan. Many people do in fact default on these loans; however, Cash Right Now, LLC does make a substantial profit overall, even considering these defaults. The people that borrow from Cash Right Now, LLC are unlikely to obtain credit elsewhere. Discuss if Cash Right Now, LLC's business practices are ethical considering it charges much higher interest rates than traditional banks.
• Explain the concept of "stare decisis" and why it is important to the American legaljudicial system.
• Explain the pros and cons of utilizing litigation to resolve a dispute as opposed toalternatives to dispute resolution.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.