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Bus 263 Exam 1
Exam 1
| Term | Definition |
|---|---|
| Constitutional Law | law as expressed in the US or state constitution |
| Statutory Law | laws enacted by legislative bodies such as congress or state legislatures |
| Uniform Commercial Code | created to facilitate commerce among the states by providing a standard, yet flexible, set of rules governing commercial transactions |
| Administrative Law | rules, orders, and decisions made by administrative agencies such as FDA, FTC, etc. |
| Case Law | also known as Common Law Doctrines is a body of judge made law based on doctrines & principles announced in court cases. Governs all areas of law not covered by statutory or administrative law |
| Constitutional Law | law as expressed in the US or state constitution |
| Uniform Commercial Code | created to facilitate commerce among the states by providing a standard, yet flexible, set of rules governing commercial transactions |
| Natural School of Law | adherents believe a higher or universal law exists that applies to all humanity, and all written laws should imitate these principles |
| Administrative Law | rules, orders, and decisions made by administrative agencies such as FDA, FTC, etc. |
| The Positivist SOL | law is the supreme will of the state that applies only to citizens of that nation at that time. |
| Case Law | also known as Common Law Doctrines is a body of judge made law based on doctrines & principles announced in court cases. Governs all areas of law not covered by statutory or administrative law |
| The Historical SOL | emphasizes the evolutionary process of law & concentrates on the origins of the legal system |
| Legal Realism | Law is not simply a result of what is written down, but a product of the views of judicial makers, as well as social, economic, & contextual influences. |
| Stare Decisis | "to stand on decided cares" is judge made law. Creates case precedents Z& each decision becomes a legal precedent which other courts with in that jurisdiction are legally obligated to follow |
| Sociological SOL | law is a tool for promoting justice in a society. For example, the supreme courts rules in the civil rights movement. |
| Public Policy | if there is no precedent or prior legal principles the court should base decisions on widely held societal values |
| Substantive Law | defines or creates the rights &obligations of persons & governments |
| Natural School of Law | adherents believe a higher or universal law exists that applies to all humanity, and all written laws should imitate these principles |
| Procedural Law | provides the steps one must follow in order to avail oneself of one's legal rights or enforce |
| The Positivist SOL | law is the supreme will of the state that applies only to citizens of that nation at that time. |
| Civil Law | defines the rights between individuals or individuals & governments |
| The Historical SOL | emphasizes the evolutionary process of law & concentrates on the origins of the legal system |
| Criminal Law | defines an individual's obligation to society or a whole, on behalf of the state. |
| Legal Realism | Law is not simply a result of what is written down, but a product of the views of judicial makers, as well as social, economic, & contextual influences. |
| Cyber law | governs transactions conducted on the internet. Not really a new type of law, but traditional law applied to online transactions |
| Sociological SOL | law is a tool for promoting justice in a society. For example, the supreme courts rules in the civil rights movement. |
| Plaintiff | party iniating a lawsuit |
| Substantive Law | defines or creates the rights &obligations of persons & governments |
| Defendent | party against whom a lawsuit is brought |
| Procedural Law | provides the steps one must follow in order to avail oneself of one's legal rights or enforce |
| Verdict | jury decision |
| Civil Law | defines the rights between individuals or individuals & governments |
| Opinion | the reason for the courts decision (appeals court) |
| Criminal Law | defines an individual's obligation to society or a whole, on behalf of the state. |
| Cyber law | governs transactions conducted on the internet. Not really a new type of law, but traditional law applied to online transactions |
| Plaintiff | party iniating a lawsuit |
| Defendent | party against whom a lawsuit is brought |
| Verdict | jury decision |
| Opinion | the reason for the courts decision (appeals court) |