by TheBusinessProfessor | Feb 23, 2025 | Government, Legal System, Administrative Law, & Constitutional Law
Why Is There Ownership of Property?Simply put, it creates the incentive structure necessary to maximize individual and collective productivity. This topic is discussed further below.Why Have Property Rights?There are numerous theories regarding the reason or...
by TheBusinessProfessor | Feb 23, 2025 | Government, Legal System, Administrative Law, & Constitutional Law
How does the Law relate to Property Rights?Government recognition of property rights and the means to enforce one’s property rights through a formalized system are the primary ways in which the law or legal system contributes to property ownership.How does law...
by TheBusinessProfessor | Feb 23, 2025 | Government, Legal System, Administrative Law, & Constitutional Law
What is the 5th Amendment?The 5th Amendment provides US citizens with the following rights or protections: The Right against Self-Incrimination Prohibition of double jeopardy. The Right to Due process Eminent Domain Each of these is discussed in greater detail...
by TheBusinessProfessor | Feb 23, 2025 | Government, Legal System, Administrative Law, & Constitutional Law
What is the Equal Protection Clause?Amendment 14, Section 1 reads:No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without...
by TheBusinessProfessor | Feb 23, 2025 | Government, Legal System, Administrative Law, & Constitutional Law
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...
by TheBusinessProfessor | Feb 23, 2025 | Government, Legal System, Administrative Law, & Constitutional Law
What is the Strict Scrutiny standard for Review of a law?The Strict Scrutiny standard requires that a law affecting a fundamental right have a compelling state purpose to be constitutional. It also requires that the law be narrowly tailored to achieve the government...
