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1 • Executive Branch – headed by the U.S. President • Legislative Branch – includes the two houses of Congress • House of Representatives • Senate • Judicial Branch – is the U.S. courts 2 • Include: – statutory law – administrative law – common law 3 • Is written by the legislative branch • For example: – the Uniform Commercial Code (UCC) • is a set of standardized laws business transactions • is adopted in most states throughout the United States governing 4 • Is rules, regulations and interpretations of statutory law set forth by administrative agencies and commissions • Is enforced on corporations by administrative agencies 5 • Is based on precedents established by judges’ decisions • Began in England 6 • Labor Unions – are organizations formed to represent workers and prevent unfair labor practices – has members who are typically employees of the same type of occupation or industry • Wagner Act of 1935 – is also known as the National Labor Relations Act – gives workers the right to organize a union and bargain with management 7 • Is when union representatives and management come together to discuss issues arising between employees and employers • Union workers strike when an agreement cannot be reached • Examples for discussion include: – pay, working conditions, work hours, benefits 8 • Stopped the following: – featherbedding • labor unions forcing companies to hire unnecessary workers – closed shops • requiring businesses to hire only union members • Legalized the following: – right-to-work laws • allows employees the right to work for a company whether or not they decide to join the union 9