Timing & Content of Misdemeanor vs Felony Guilty Pleas Law

When they are young, most people begin to learn the very basics of right and wrong, and that understanding eventually progresses into knowledge of acts that are legal and illegal. Many people, however, may be unaware that there are many laws governing organizations and how they are able to conduct business. Just as an individual can be prosecuted for illegal acts such as theft or fraud, so can companies. If you were to start your own company, would your current understanding of legal and illegal business practices sufficiently help your organization avoid risk? How important do you think it would be to bring in a legal advisor to ensure that you were following all local, state, and federal regulations (if applicable) for your business? What are the advantages of knowing the law as a business owner?

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In this Discussion, you will identify two business-related crimes—a felony and a misdemeanor. You will provide examples and describe consequences of each. Additionally, you will consider how an understanding of criminal law can be an asset for business owners.

To prepare for this Discussion:

consider the differences between misdemeanors and felonies.
Consider how a greater understanding of the law might benefit a business owner (e.g., avoiding or preventing illegal acts and avoiding consequences by adhering to the law).
Identify two business-related criminal acts to discuss. One act should be a misdemeanor and the other should be a felony.

Post a 150- to 225-word (2- to 3-paragraph) description of two business-related criminal acts—one a misdemeanor and one a felony. In your explanation, address the following:

Define each criminal act, including whether it is a felony or misdemeanor, and the actions involved in committing the act.
Provide at least one specific example of each type of criminal act.
Describe the possible consequences for the commission of each crime.
Explain how business owners can benefit from having a thorough understanding of the criminal acts you described, as well as any negative impacts that could ensue from a lack of understanding (or refusal to follow the law).
Include references to a minimum of two scholarly sources to support your response.

Week 3 Assignment Template:
Types of Business Law: Part 1: Torts Report

Prepared by: Replace this text with your name.

Date: Replace this text with the submission date.

Walden University

Report to Address the Scenario

Introduction

Replace this text with your response to the following: Introductory text goes here. In 1–2 sentences, briefly explain what your report will accomplish.

Explanation of What Went Wrong

Replace this text with your response to the following: In 75–150 words (1–2 paragraphs), explain what went wrong in this process, including what tort violations may have been committed.

Possible Legal Consequences

Replace this text with your response to the following: In approximately 75 words (1 paragraph), describe any possible legal consequences for the actions of Cameron’s team.

Potential Negative Effects on Social Change Initiatives

Replace this text with your response to the following: In approximately 75 words (1 paragraph), illustrate the potential negative effects of this breach of customer data on the company’s positive social change initiatives.

Preventative Strategies

Replace this text with your response to the following: In 75–150 words (1–2 paragraphs), explain what could be done in the future to prevent this type of situation from occurring again.

Conclusion

Replace this text with your response to the following: In 2–3 sentences, briefly explain any conclusions you have made in regard to this scenario.

References

Include appropriately formatted references to at least two scholarly sources to support the statements made in your report. Please refer to the Writing Checklist for more information.