Understanding Business & Personal Law: Chapter 1 - Ethics and the Law
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| morality | the values that govern a society's attitude towards right and wrong
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| ethics | the means for determining what a society's values ought to be
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| honesty | being open and truthful in dealings with others
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| justice | treating everyone fairly and equally
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| compassion | being sympathetic to the difficulties of others and wanting to alleviate their problems
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| integrity | willing to do the right thing regardless of personal consequences
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| law | the system of rules of conduct established by the government of a society to maintain stability and justice
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| constitution | document that spells out the principles by which the government operates
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| common law | English result of judges sharing their decisions with other judges and making every effort to share the same law "in common" with everyone else throughout the country
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| precedent | doctrine under which a judge is required to follow an earlier court decision when deciding a case with similar circumstances
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| stare decisis | let the decision stand
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| statutes | laws specifically passed by a governing body that has been created for the purpose of making laws
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| legislature | a body of lawmakers; e.g. Congress
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| unconstitutional | invalid
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| administrative law | law consisting of the rules and procedures established by regulatory agencies
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