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Showing posts from November, 2022

Do antitrust laws work? Why or why not?

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  Jan Meriss Alfonso Assistant at  Parklin Law Do antitrust laws work? Antitrust laws were passed with the intention of keeping markets competitive and businesses from becoming too big. The purpose was to promote healthy competition, but the question is: do they actually work? Antitrust laws were established to ensure competition between companies so that consumers get a better deal. Pros and Cons There are some pros and cons to antitrust laws. One of the positives is that it keeps prices down for consumers. Because there are so many companies competing in the market, products remain affordable. There have been cases where companies have tried to manipulate prices in order to stay competitive and undercut other brands. Pros If it weren't for antitrust laws, this would be a larger issue and could lead to higher prices for consumers. Another positive of antitrust laws is that it protects small businesses from being dominated by large corporations. It also helps keep these l...

Is legal precedence indefensible?

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  Jan Meriss Alfonso Assistant at  Parklin Law Is legal precedence indefensible? The community of Port Fonda, California, is not happy with the current state of affairs. Their once-peaceful town has recently been taken over by a group of bandits calling themselves "Legal Precedence". This group was formed to give people in the town the feeling that they were safe and to resolve any legal conflicts that arose in a peaceful manner. Reasonable methods They had very reasonable methods for doing this, too: when disputes arose between two parties, both would put their entire case on trial in front of a jury; a jury consisting of citizens who were impartial to both parties. The jurors would then vote on which party was in the right; the winning party would be rewarded with property from both sides (the losing side forfeiting all rights to said property). Legal Precedence acted as judges for these trials and made sure that all evidence was heard by the jury. Legal precedence A fe...

How does business law make students understand commercial relations?

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  Jan Meriss Alfonso Assistant at  Parklin Law How does business law make students understand commercial relations? Students are taught about business law in college to help them learn about commercial relations. Commercial relations, which is the way humans interact through business, are often overlooked by students. They think that business law is boring and has nothing to do with their lives. But, students' lives revolve around commercial relations on a daily basis. Business Transactions Business transactions are a part of every student's life and it is important to understand this aspect of human interaction. The following is an example of how business law makes students understand commercial relations: Students learn about business law so they can understand commercial relations Business law is the body of laws that is related to the business world. These laws help students understand commercial relations. This section describes how business law makes students unders...

How much does an estate have to be worth to go to probate?

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  Jan Meriss Alfonso Assistant at  Parklin Law One of the most common questions people ask their estate planning attorneys is, "How much does an estate have to be worth to go to probate?" The question refers to the process known as probate, which is the court-supervised administration of a decedent's estate. Probate Process In general, when a person dies, if he or she didn't leave a valid will, her property is parceled out according to state law. The probate process, which varies by state, essentially boils down to: -A court oversees the collection and disbursement of the deceased's assets. -An executor (who may be an attorney) is named by the court to manage the assets. -The executor pays any debts and taxes due on behalf of the deceased. -The executor distributes what remains of the assets in accordance with the will or according to state law if there was no will. -There are specific criteria that estates must meet before they can go through probate: -They must ...