BLACKWELL Chapter 1 Business Law--Our Laws
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| laws | Enforceable rules of conduct in a society.
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| code | Laws that are grouped into an organized form.
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| common law | Laws based on the current standards and/or customs of the governed.
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| jurisdiction | The power or authority of a court to decide a case.
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| equity | Basic fairness.
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| constitutional law | Law established as part of an organizational charter/document of a government entity.
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| statute | County, state, or federal-level law enacted by an elected, legislative body.
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| ordinance | Law enacted by a local town or village legislative body.
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| case law | Law established as the result of decisions rendered by the judicial branch of government.
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| stare decisis | Doctrine/policy requiring lower courts to follow existing case law in deciding similar cases.
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| administrative law | Law established as the result of the actions or decisions of a specialized governmental agency.
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| unconstitutional | Inconsistent with or contradictory to an established constitution.
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| civil law | Laws that define & provide remedies for private wrongs against individuals.
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| criminal law | Laws that define & set punishments for public offenses against society.
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| crime | A public wrong inflicted upon society.
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| procedural law | Laws that define the methods for enforcing legal rights & duties.
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| substantive law | Laws tht define rights & duties.
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| business law | Rules of conduct & enforcement related to the conduct of commercial transactions.
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| tort | A private wrong inflicted upon an individual.
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| administrative agency | An appointed body of "experts" with specialized knowledge of & jurisdiction over specific government functions.
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