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Business Law Class Notes

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Question
Answer
LEGAL REASONING   The process of reasoning by which a judge harmonizes his or her decision with the judicial decisions of previous cases.  
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NATURAL LAW   The belief that government and the legal system should reflect universal moral and ethical principles that are inherent in human nature. The natural law school is the oldest and one of the most significant schools of legal thought.  
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OPINION   A statement by the court expressing the reasons for its decision in a case.  
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ORDINANCE   A law passed by a local governing unit, such as a municipality or a county.  
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PETITIONER   In equity practice, a party that initiates a lawsuit.  
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PLAINTIFF   One who initiates a lawsuit.  
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POSITIVE LAW   The body of conventional or written, law of a particular society at a particular point in time.  
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POSITIVIST SCHOOL   A school of legal thought whose adherents believe that there can be no higher law than a nation's positive law.  
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PRECEDENT   A court decision that furnishes an example or authority for deciding subsequent cases involving identical or similar facts.  
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PROCEDURAL LAW   Rules that define the manner in which the rights and duties of individuals may be enforced.  
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