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Unit 13 Legal Environment of Business TextⅠ Government Regulation of Business -To learn about the government regulation of business Text Ⅱ Means of Dispute Settlement -To learn the commonly used means of dispute settlement other than litigation Text III Case Reading -To read one case about the proper issuance of government permit TextⅠ Government Regulation of Business Terms: (commercial) laissez-faire, caveat emptor; commerce clause (of the U.S. Constitution), child labor Outline of Text I Ⅰ. (para. 1-4) Historical Evolution of Government Regulation Ⅱ. (para. 5-7) The Sources of Government Regulatory Power Ⅲ. (para. 8-9) The Early Years of Regulation IV. (para. 10-11) The Current Regulatory Environment Questions based on Text I Where does the government’s power to regulate business mainly come from? What is the central issue of debate in Art.1, S.8, Cl.3? How does the Supreme Court interpret interstate commerce? How many interpretations are offered generally? How has the Supreme Court’s interpretation of interstate commerce developed? Terms laissez-faire [leIseI5feE(r)] n. 放任政策(尤指资本主义国家的政府对工商业者的自由) adj. 放任主义的 caveat emptor [5kAvIAt 5emptC:(r)] n. [商]货物出门概不退换,买主须自行当心(货物的品质) commerce clause 美国宪法商业条款 child labor 童工 -the full-time employment of children who are under a minimum legal age 美国宪法商业条款(Art.1, S.8, Cl.3) The Congress shall have power Clause 1 To … Clause 2 To … Clause 3 To regulate commerce with foreign nations, and among the several states, and with the Indian tribes 管理与外国的、州与州间的,以及对印第安部落的贸易 B. Partial translation the federal government retains the exclusive power to regulate all foreign business transactions and interstate commerce of the United States were not quite fit to handle the complicated issues arising from the ever-changing circumstances that we were in conferred on it extensive powers to regulate competitive business transactions resulted in the adoption of the Consumer Products Safety Act by Congress in 1972 whic
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