What is civil law? Civil law may refer to a system of law, but it generally refers to civil actions which are legal actions between individuals.  Do not be confused by the various uses of the word civil within the legal system. In this case, it means suing or bringing a lawsuit against an individual, a business, or a governmental body.  What is crim...

What is Regulation W? Regulation W is an administrative regulation promulgated by the US Federal Reserve Bank pursuant to the Federal Reserve Act. It regulates certain transactions between depository institutions and their affiliates who are members of the US Federal Reserve System, insured state non-member banks, and insured savings and loan associ...

What is the Minimum Rationality standard for Constitutional Review? This standard, also known as the Rational Basis Standard of Review, requires that a law have a rational connection to a permissible state end (a legitimate goal of the government) to be Constitutional. This standard is applied when determining the Constitutionality of laws that do n...

What is Organizational Culture? Culture is the social order of an organization. It forms people's attitudes and behaviors in a wide range of ways. Cultural norms determine what is encouraged or discouraged and what is accepted or rejected within a group.  What are the Attributes of Culture?  Groysberg, Lee, Price and Cheng (2018) identified four att...

What is included in the US Constitution? The US Constitution is divided into seven articles. Further, it has been expanded by the addition of 27 Amendments. What are Articles I, II, and III of the US Constitution? Articles I, II, III establish the governance structure of the United States. Article I establishes two legislative bodies, the House of R...

Duties of a Principal to an Agent? The terms of an agency may be laid out in the agency agreement. Generally, a principal owes the following duties to the agent:  Duty to Compensate,  Duty to Reimburse, and  Duty to Indemnify the Agent.  What is the Duty to Compensate an Agent? An agency relationship may be paid or gratuitous. If the agency agreemen...

What is Regulation S? Regulation S is a safe harbor provision that exempts offshore securities from registration under section 5 of the Securities Act of 1933. How does Regulation S Work? Regulation S provides two safe harbors including: An issuer safe harbor A resale safe harbor Under the regulation, both safe harbors apply to offers and sales of s...

What is a Relative Valuation Model? A type of business valuation method that analyzes the value of a company to the value of its competitors or industry peers in order to determine the financial worth of such a company is termed the Relative Valuation Model. It makes use of multiples, averages, ratios, and benchmarks to determine a company's worth. ...

What is Market Research? You now understand the litany of information that is important in determining whether a business idea is a feasible opportunity. The information you acquire when conducting the feasibility analysis is not lost at the time you decide to undertake your business. Rest assured that all of the information will be used in various ...

What is a Dead Hand Provision? A dead hand provision is a defense mechanism supported by the shareholders of a target company to prevent against hostile takeover. It is also called a dead hand poison pill. Using this defense technique, a target company makes a hostile takeover expensive in such a way that the bidder cannot acquire the target company...