What are Town and Village Justice Courts?

Please explain the following terms: 1.Agency costs  2.Agency problems  3.Agency asymmetry problems  4.Decision rights  5.Influence costs

Please tell me what Stare decisis is? Also, what is case law? common law? And, finally what is legal reasoning? Please provide with an example.

. In this particular case, was the Belcher Manufacturing Company guilty or innocent of safetyviolations that resulted in the death of William Carlson?2. Irrespective of the jury’s decision in this case, what should the company do now to avoid asimilar incident in the future?   Belcher Manufacturing Company employs 300 workers at its main plant in the upper Midwest. One of itsmajor product lines is compressors for air conditioners. All compressors are tested when they come offthe assembly line. Two years ago William Carlson was 28 years old, a high school graduate, and hadbeen employed in the compressor division for five years. His job was to test each compressor using astandard procedure. Each inspector goes through an extensive training program where properprocedures for testing compressors are explained and demonstrated. In addition, inspectors arerequired to follow the detailed procedures for testing each unit specified in the company manual. Nodeviations from those procedures are…