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bus law ch 1
business law chapter 1 definitions
Term | Definition |
---|---|
equity | the body of principles that originally developed because of he inadequacy of the rules then applied by the courts of England |
civil laws | the las that define the rights of one person against another |
criminal laws | the laws that define wrongs against society |
procedural law | the law that must be followed in enforcing rights and liabilities |
substantive law | the law that defines rights and liabilities |
common law | the body of unwritten principles originally based upon the usages and customs of the community that were recognized and enforced by the courts |
stare decisis | "let the decision stand"; the principle that the decision of the court should serve as a guide or precedent and control the decision of a similar case in the future |
precedent | a decision of a court that stands as the law for a particular problem in the future |
case law | law that includes principles that are expressed for the first time in court |
private law | the rules and regulations parties agree to as port of their contractual relationships |
administrative regulations | rules made by state and federal admin agencies |
statutory law | legislative acts declaring, commanding, or prohibiting something |
constitution | a body of principles that establishes the structure of the government and the relationship of the government to the people who are governed |
right to privacy | the right to be free from unreasonable intrusion by others |
duty | an obligation |
right | legal capacity to require another person to preform or refrain from an action |
law | the order or pattern of rules that society establishes to govern the conduct of individuals and the relationships among them |