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Business Law Ch. 1

Chapter 1 vocab

QuestionAnswer
law based on the current standards or customs of the people. This law is flexible and predictable. Common law
The origin of the U.S. legal system stems from English common law
The panel of citizens sworn by a court to decide a case jury
law based on the current standards or customs of the people. This law is flexible and predictable. Common law
offense against society rather than an individual crime
a group of laws that define the methods for enforcing legal rights and duties procedural law
a group of laws that defines and sets punishments for offenses against society criminal law
a group of laws that define rights and duties ex. Defines what was done wrong : murder, theft, breach of contract, etc. substative law
laws that apply to business situations and transactions business law
practice of deciding what is right or wrong in a reasoned, impartial manner ethics
open, peaceful, violation of law to protest its alleged, or supposed, injudstic. civil disobedience.
enforceable rules of conduct in a society, reflect the culture and circumstances that create them laws
document that sets forth the framework of a government and its relation to the people it governs constitution
let the decision stand stare decisis
court endorses a rule to be used in deciding court cases case law
governmental body formed to carry out particular laws. administrative law
laws enacted by state or federal legislatures. Usually prohibits or commands something. statutory law
laws granted by the constitution. Usually rights between an entity and an individual constitutional law
Created by: acct1
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