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Business Law Ch 1.2

Business Law Class Notes

QuestionAnswer
CHANCELLOR An adviser to the king at the time of early king's courts of England. Individuals petitioned the king for relief when they could not obtain an adequate remedy in a court of law and these petitions were decided by the chancellor.
CITATION A reference to a publication in which a legal authority-such as a statute or a court decision-or other source can be found.
CIVIL LAW The branch of law dealing with the definition and enforcement of all private and public rights, as opposed to criminal matters.
COMMON LAW The body of law developed from custom or judicial decisions in English and U.S. courts not attributable to a legislature.
CONSTITUTIONAL LAW Law that is based on the U.S. Constitution and the constitutions of the various states.
COURT OF EQUITY A court that decides controversies and administers justice according to the rules, principles and precedents of equity.
COURT OF LAW A court in which the only remedies that could be granted were things of value, such as money damages. In the early English kings's court, court of law were distinct from courts of equity.
CRIMINAL LAW Law that defines and governs actions that constitute crimes. Generally, criminal law has to do with wrongful actions committed against society for which society demands redress.
CYBERLAW An informal term used to refer to all laws governing electronic communications and transactions, particularly those conducted via the Internet.
DAMAGES Money sought as a remedy for a breach of contract or for a tortious act.
Created by: Alhedaithy
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