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Business Law Ch 1.1

Business Law Class Notes

QuestionAnswer
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.
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.
ALLEGE To state, recite, assert or charge.
ANALOGY In logical reasoning, an assumption that if two things are similar in some respects, they will be similar in other respects also.
APPELLANT The party who takes an appeal from on court to another.
APPELLEE The party against whom an appeal is taken-that is, the party who opposes setting aside or reversing the judgment.
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.
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.
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.
CASE ON POINT A previous case involving factual circumstances and issues that are similar to the case before the court.
Created by: Alhedaithy
 

 



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