Business Law Class Notes
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| ADMINISTRATIVE AGENCY | A federal, state, or local government agency established to perform a specific function. Administrative agencies are authorized by legislative acts to make and enforce rules to administer and enforce the acts.
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| ADMINISTRATIVE LAW | The body of law created by administrative agencies (in the form of rules, regulations, orders, and decisions) in order to carry out their duties and responsibilities.
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| ALLEGE | To state, recite, assert or charge.
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| ANALOGY | In logical reasoning, an assumption that if two things are similar in some respects, they will be similar in other respects also.
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| APPELLANT | The party who takes an appeal from on court to another.
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| APPELLEE | The party against whom an appeal is taken-that is, the party who opposes setting aside or reversing the judgment.
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| BINDING AUTHORITY | Any source of law that a court must follow when deciding a case. Binding Authorities include constitutions, statutes, and regulations that govern the issue being decided, as well as court decisions that are controlling precedents within the jurisdiction.
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| BREACH | To violate a law, by an act or an omission, or to break a legal obligation that one owes to another person or to society.
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| CASE LAW | The rules of law announced in court decisions. Case law includes the aggregate of reported cases that interpret judicial precedents, statutes, regulations and constitutional provisions.
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| CASE ON POINT | A previous case involving factual circumstances and issues that are similar to the case before the court.
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