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Business Lawtest

TermDefinition
Plaintiff Person who brings a lawsuit against another
Defendant The person against whom a lawsuit is brought or who is charged with a violation of the law
Stare Decisis The practice of relying on a previous decision
Common Law The English Law System, which the original 13 states co adhered to.
Precedent A court decision on which later courts rely in similar cases.
Case Law The effects that previous court decisions have made
Statutory Law Laws passed by Congress and by state legislatures
Ordinance A law that is passed by a local government (City or Counsel)
Administrative Law The body of rules, regulations, and decisions created by administrative agencies.
Uniform Commercial Code Created to solve the problem of conflicting Ordinances from state to state, The UCC is a set of laws that govern various commercial transactions
Moral Law The "Law" concerned with the unenforceable obligations that people have to one another.
Jurisdiction The authority or power of a court to hear cases
Created by: Masterkenny12