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Business Law Ch 2
Business Law with UCC Applications Ch 2
| Question | Answer |
|---|---|
| Administrative Law | The body of law, including decrees and legal decisions, generated by administrative agencies. |
| Articles of Confederation | The first constitution of the United States; replaced by the U.S. Constitution in 1787. |
| Binding Precedent | A previous cause that a particular court must follow. |
| Code of Federal Regulations (CFR) | Annual listing of finalized federal rules and regulations. |
| Common Law | The body of recorded decisions that courts refer to and rely upon when making legal decisions. |
| Constitution | The basic law of a nation or state. |
| Constitutional Law | That body of law that involves a constitution and its interpretation. |
| Devolution | When courts redefine a right and transfer the power and the obligation to enforce that right from a higher legal authority to a lower one. |
| E-Commerce | Involves transacting business by any one of several types of electronic communication, from debit card purchases to buying and selling goods on the Internet. |
| Embedded Niches | Levels of influence within a complex adaptive system. |
| Federal Register | Publication that produces a daily compilation of new regulations issued by federal administrative agencies. |
| Judicial Review | The process by which the court determines the constitutionality of various legislative statutes, administrative regulations, and executive actions. |
| Law | A set of rules created by the governing body of a society to maintain harmony, stability, and justice in that society. |
| Preemption | The process by which the courts decide that a federal statute must take precedence over a state statute. |
| Persuasive Precedent | A previous case that a court is free to follow or to ignore. |
| Precedent | A model case that a court can follow when facing a similar situation. |
| Statutes | A law passed by a legislature. |
| Statutory Interpretation | The process by which courts analyze aspects of a statute that are unclear or ambiguous or that were not anticipated at the time the time the legislature passed the statute. |
| Titles | The right of ownership to goods. Also, a subdivision of a code containing all the statutes that deal with a particular area of law. |
| Uniform Commercial Code (UCC) | A unified set of statutes designated to govern almost all commercial transactions. |
| Code | A compilation of all the statutes of a particular state of the federal government. |
| Cyber-Commerce | Involves transacting business by any one of the several types of electronic communication, from debit card purchases to buying and selling goods on the Internet. |
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dengler
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