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bus law ch 1

business law chapter 1 definitions

TermDefinition
equity the body of principles that originally developed because of he inadequacy of the rules then applied by the courts of England
civil laws the las that define the rights of one person against another
criminal laws the laws that define wrongs against society
procedural law the law that must be followed in enforcing rights and liabilities
substantive law the law that defines rights and liabilities
common law the body of unwritten principles originally based upon the usages and customs of the community that were recognized and enforced by the courts
stare decisis "let the decision stand"; the principle that the decision of the court should serve as a guide or precedent and control the decision of a similar case in the future
precedent a decision of a court that stands as the law for a particular problem in the future
case law law that includes principles that are expressed for the first time in court
private law the rules and regulations parties agree to as port of their contractual relationships
administrative regulations rules made by state and federal admin agencies
statutory law legislative acts declaring, commanding, or prohibiting something
constitution a body of principles that establishes the structure of the government and the relationship of the government to the people who are governed
right to privacy the right to be free from unreasonable intrusion by others
duty an obligation
right legal capacity to require another person to preform or refrain from an action
law the order or pattern of rules that society establishes to govern the conduct of individuals and the relationships among them
Created by: courtneysandra