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Business Law

Law

TermDefinition
administrative agency official government bodies created by a legislative act to carry out and enforce specific laws
case law body of law created by judges through their written decisions and interpretations in court cases, rather than laws written by legislative bodies or executive agencies
disobedience refusing or failing to follow rules, laws, or instructions given by an authority figure
civil law branch of legal systems that handles private disputes between individuals or organizations
code a set of rules, a system of symbols used to represent information, or a set of instructions telling a computer what to do
common law body of legal rules and principles based on court decisions and past rulings rather than written laws passed by a legislature
constitution the primary set of fundamental laws, rules, and principles by which a country, state, or organization is governed
criminal law a system of laws that defines crimes, regulates the apprehension and trial of suspects, and sets punishments for offenders
equity value of an asset or a business that you truly own after subtracting any debts or liabilities.
ethics the branch of philosophy that systematically studies moral principles and values to determine what is right and wrong, good and bad
jurisdiction official legal power, right, or authority of a court, government, or official organization to hear a case, apply the law
laws formal rule of conduct created and enforced by a governing authority to regulate society, keep people safe
ordinance formal law, rule, or regulation enacted by a local municipal authority, such as a city, town, or county government
positive law refers to human-made rules and statutes that are explicitly created, enacted, and enforced by a recognized government or political authority.
procedural law he set of rules that controls how a court case moves through the legal system.
stare decisis Latin phrase meaning "to stand by things decided,
statue a three-dimensional solid artwork made to look like a person, animal, or mythical being
substantive law set of legal rules that defines the rights, duties, and obligations of individuals and organizations in society
Created by: aconti29
 

 



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