Explain the basic principles of constitutional law. Describe the sources and extent of the power of the Federal and State governments to regulate business and commerce.

Constitutional Law

• Explain the basic principles of constitutional law.
• Describe the sources and extent of the power of the Federal and State governments to regulate business and commerce.
• Distinguish the three levels of scrutiny used by the courts to determine the constitutionality of government action.
• Explain the effect of the First Amendment on (1) corporate political speech, (2) commercial speech, and (3) defamation.
• Explain the difference between substantive and procedural due process.