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Business Law Ch. 1
Chapter 1 vocab
Question | Answer |
---|---|
law based on the current standards or customs of the people. This law is flexible and predictable. | Common law |
The origin of the U.S. legal system stems from | English common law |
The panel of citizens sworn by a court to decide a case | jury |
law based on the current standards or customs of the people. This law is flexible and predictable. | Common law |
offense against society rather than an individual | crime |
a group of laws that define the methods for enforcing legal rights and duties | procedural law |
a group of laws that defines and sets punishments for offenses against society | criminal law |
a group of laws that define rights and duties ex. Defines what was done wrong : murder, theft, breach of contract, etc. | substative law |
laws that apply to business situations and transactions | business law |
practice of deciding what is right or wrong in a reasoned, impartial manner | ethics |
open, peaceful, violation of law to protest its alleged, or supposed, injudstic. | civil disobedience. |
enforceable rules of conduct in a society, reflect the culture and circumstances that create them | laws |
document that sets forth the framework of a government and its relation to the people it governs | constitution |
let the decision stand | stare decisis |
court endorses a rule to be used in deciding court cases | case law |
governmental body formed to carry out particular laws. | administrative law |
laws enacted by state or federal legislatures. Usually prohibits or commands something. | statutory law |
laws granted by the constitution. Usually rights between an entity and an individual | constitutional law |