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Business Law Ch 1-3

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Term
Definition
Law   -A body of rules of action or conduct prescribed by controlling authority, & having binding legal force. -Must be obeyed & followed by citizens subject to sanctions or legal consequences is a late.  
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Legislative branch (Congress)   has the power to make (enact) the law  
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Executive branch (president)   has the power to enforce the law  
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Judaical branch (courts)   has the power to interpret & determine the validity of the law  
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Treaty   A compact made between two or more nations  
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Federal statues   written laws enacted by the US Congress  
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Ordinance   law enacted by local government bodies  
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Executive Order   an order issued by a member of the executive branch of government  
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Administrative Agencies   Agencies that the legislative & executive branches of federal & state governments are empowered to establish  
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Sources of the Law in the United States   1.Constitution 2.Treaties 3.Codified Law: statues & ordinances 4.Executive orders 5.Regulations & orders of administrative agencies 6.Judicial decisions  
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Civil Law   redresses wrongs committed against another through compensation -Negligence=civil  
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Criminal Law   redresses wrongs committed against another by punishing the wrongdoer -Murder=criminal  
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Brown vs. Board of Education   The decision in this 1954 U.S. Supreme Court case deviated from the precedent set in the 1896 U.S. Supreme Court decision in Plessy vs. Fergussan where in the principle of "separate but equal" was established  
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limited-jurisdiction trial court (inferior trial court)   a court that hears matters of a specialized or limited nature -hears small cases  
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intermediate appellate court (appellate court or court of appeals)   -a court that hears appeals from trail courts -they determine any errors that were made at trail  
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State Supreme Court   -the highest court in a state court system -decisions of Supreme Courts are final-Authorized to hear appeals from intermediate appellate courts and directly from certain trial courts -No new testimony or evidence heard  
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petition for certiorari   a petition asking the Supreme Court to hear a case  
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writ of certiorari   an official notice that the Supreme Court will review a case  
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General-jurisdiction trial courts   -Referred to as courts of record because testimony and evidence is recorded and stored -Authorized to hear cases that are not within the jurisdiction of limited-jurisdiction trial courts -hears big cases  
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Federal question case   a case arising under the U.S. Constitution, treaties, or federal statues & regulations  
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diversity of citizenship   -A case involves a plaintiff and a defendant who are citizens of different US states or one of these persons is a citizen of a US state and the other is a citizen of a foreign country -& a dollar amount exceeding $75,000  
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Plaintiff   The person who files a law suit  
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Defendant   The person who is sued  
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In rem jurisdiction   Jurisdiction to hear a case because of jurisdiction over the property of the lawsuit, regardless of whether the parties live in the state  
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Quasi in rem jurisdiction   Jurisdiction that allows a plaintiff who obtains a judgment in one state to try to collect the judgment by attaching property of the defendant located in another state  
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U.S. District Courts   -Trial courts of general jurisdiction -These courts serve geographical areas referred to as districts. -What do they do?: Conduct trials,Impanel juries, Receive evidence, Hear testimony, Issue Opinions  
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U.S. Courts of Appeals   -Intermediate appellate courts -Serve geographical areas referred to as circuits -What do they do?: Review the record of lower courts, determine if there has been any error of law, will not consider any new evidence or testimony  
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Types of Decisions issued by the US Supreme Court 1.Unanimous 2.Majority   1.all justices agree with the outcome and the reasoning 2.at least 5 justices agree with the outcome and reasoning  
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Federal courts have subject matter jurisdiction (power) over?   Diversity of citizenship cases & Federal Questions cases  
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Diversity of citizenship jurisdiction exists when?   A case involves a plaintiff and a defendant who are citizens of different US states or one of these persons is a citizen of a US state and the other is a citizen of a foreign country & a dollar amount exceeding $75,000  
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Federal Question jurisdiction arises when a case involves what?   U.S. Constitution, Treaties, or Federal statutes and regulations  
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Concurrent Jurisdiction   Means you can file your case in state or federal court  
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Exclusive jurisdiction   -means ONLY the state or the federal court can consider the case -Federal courts have exclusive jurisdiction to hear the following: Federal crimes, Antitrust, Bankruptcy, Patent and copyright issues, Suits against the United States, Admiralty cases  
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Removal   The defendant’s limited right to remove (transfer) a case filed in state court to a federal court  
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Long-arm statute   A statute that allows for a state court to obtain personal jurisdiction over an out-of-state defendant because the out-of-state defendant committed certain acts in the state  
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Standing to Sue   Plaintiff must have a stake in the outcome of case. So even if a court has jurisdiction it will not consider a case if plaintiff has no stake  
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Litigation Process   a method for settling disputes in a court of law using a vehicle called a trial  
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Pretrial Litigation Process consists of:   Commencement of the lawsuit by the filing of Pleadings, Discovery, Settlement conference, & Pretrial motions  
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Pleadings   papers filed by the plaintiff (the person initiating the lawsuit) and papers filed by the defendant (the party being sued) in response to the lawsuit  
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Complaint   Plaintiff files a complaint to initiate the lawsuit  
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Summons   The court issues a summons when the Complaint is filed. -The summons notifies the defendant of the lawsuit and directs defendant to file an answer to the complaint  
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Service of Process   Defendant should be served personally. This means the complaint and summons must be placed in the hand of the defendant  
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Answer   defendant’s response to the complaint and summons. It is filed with the court and served on the plaintiff  
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Cross-complaint   Can be filed by the defendant against the plaintiff (or a third-party) wherein the defendant alleges injuries caused by the plaintiff (or a third-party) and seeks damages or other remedy from plaintiff (or third-party)  
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Discovery   A court sanctioned process through which plaintiff and defendant are permitted to discover, from each other, facts about the case and each others witnesses before trial  
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Deposition   oral testimony given under oath by a party or a witness prior to trial and transcribed by a Court Reporter  
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Interrogatories   written questions submitted by one party to another which must be answered within a time specified by court rules. The answers are signed under oath  
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Production of documents   a request by a party that another party provide for inspection copies of all documents in its possession relating to the lawsuit  
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Physical and mental examination   a court may, at a party’s request, order that another party submit to a physical or mental examination. This examination can only be requested in cases where the physical or mental condition of the party to be examined is placed at issue by that party  
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Objections   A party can file objections to requests for depositions, interrogatories, production of documents, and physical and mental examinations  
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Motion   A written or oral request by a party (movant) to a judge which asks the judge to enter an order favoring the movant  
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Pretrial Motion   A request that seeks to dispose of all or part of a lawsuit prior to the trial  
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Motion to Dismiss   Defendant files this before filing an answer asserting the complaint states no facts by which defendant could be held liable under applicable law  
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Motion for Judgment on the Pleadings   Defendant or plaintiff files this after the Answer and all pleadings have been filed  
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Motion for Summary Judgment   Defendant or plaintiff files this motion after the pleadings have been filed and usually after the discovery period closes  
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Settlement Conference   is an informal proceeding over which a judge presides  
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7th Amendment   states: In suits at common law, where the value in controversy shall exceed twenty dollars, the right of trial by jury shall be preserved. . ."  
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Jury   gets to determine what are the facts & match that up against the law  
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Opening statements   through their attorneys each party is provided an opportunity make opening statements during which they summarize the facts and legal issues in the case and the theory of the case  
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direct examination   Plaintiff has the burden of proving entitlement to the relief sought. This is accomplished when plaintiff’s attorney calls witnesses to testify  
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cross- examination   Defendant’s attorney will also ask questions of the witnesses that were called by plaintiff’s attorney  
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re-direct examination   Plaintiff is allowed to question the witnesses called by the plaintiff  
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Closing Arguments   Each party makes closing arguments to the jury at the close of testimony in the case  
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Judgment Notwithstanding the Decision   -But the judge may overturn the jury’s decision -if it is determined the decision is not supported by the facts  
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Remittitur   Judge reduces monetary damages awarded to plaintiff on the basis of jury bias or emotionalism  
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In a criminal case only the ____ can appeal   Deffendent  
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Alternative Dispute Resolution (ADR)   are methods of resolving disputes other than by litigation. ADRs are less formal and less time-consuming (and therefore, less costly) than traditional litigation  
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Arbitration   -Parties choose neutral third party called to hear evidence and testimony and decide the case -They act as the judge/jury makes a decision and enters an award -Parties can agree to binding (non-appealable) or non-binding (appealable) arbitration  
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Mediation   Parties choose a neutral third party called a Mediator to assist with settlement efforts Mediator is allowed to give opinions to either party about the strengths and weaknesses of their case  
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Burden of Proof   Describes the threshold that a party to a lawsuit must reach to sufficiently establish a fact in a trial  
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Preponderance of Evidence   The evidence is more likely true than not true  
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Trail Courts   Court in which a case is considered for the first time  
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Appellate Courts   Court that considers requests to determine whether the decision of the trial court was correct  
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Subject Matter Jurisdiction   The power/authority to adjudicate the type of case before court  
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Personal Jurisdiction   The power over the parties in the case  
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Created by: NickUD
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