Legal Concept Work Sheet Mba 560

In: Business and Management

Submitted By blaine
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Legal Concepts Worksheet
Concept Application of Concept to the Issue of Downloading Reference to Concept in Reading
The Law of Property – Intellectual property law

Property is one’s legal right to exclude others from various resources due to the ownership of those resources. With the rise of e-commerce and the increase of music sales or downloads online, the law of property can be applied. Music producers consider their music their property and protect them from public use and public download.

The law of property “establishes private exclusive rights in resources. It is through the law of property that individuals and business organizations can possess, use, and transfer their private resources” (Reed et al, 2005).

“Intellectual property laws arose out of the common law, but they also reflect constitutional and statutory adoption. Article I, Section 8, of the Constitution grants the power to Congress “[t]o promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries.”” (Reed et al, 2005).
Legal regulation as a source of value for business ethics

When downloading music online, there is a thin line between what is ethical and what is legal. Transferring of music downloaded from a website, even if paid for, can be unethical. At the same time, it can be considered illegal practice. For example, if I download a song from the internet and pay five dollars for that download. Is it ethical for me to make a copy of that song for my best friend? Some might consider it unethical since that friend did not pay for the music. If I consider it ethical, can I also make 50 copies for all my friends and family members? This act is definitely unethical but is probably also illegal. “The way to understand the ethical-legal relationship is to realize that in our…...

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