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Business Law Chapter 1
N/A
17
Business
Undergraduate 3
02/16/2013

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Term
law
Definition
enforceable rules governing relationships among individuals and between individuals and their society
Term
US constitution, statutes, court opinions, administrative regulations
Definition
4 primary sources of law
Term
legislative, executive, judicial
Definition
3 branches of government
Term
legislative
Definition
makes laws
Term
executive
Definition
enforces laws
Term
judicial
Definition
interprets laws
Term
statutory law
Definition
laws created by federal, state, and local legislatures and governing bodies
Term
court opinions
Definition
includes case law, case opinions, and common law
Term
the doctrine of stare decisis
Definition
1. seeks to promote the even handed administration of justice
2. ensures certainty
3. establishes guidelines for individuals planning future conduct
4. helps control the volume of litigation in the court system
Term
when it departs from the precedent and when there is no precedent
Definition
when the court can rule again court opinions (doctrine of stare decisis)
Term
trial court > intermediate appellate court > final appellate court
Definition
typical court structure
Term
district courts > US Courts of Appeal > US Supreme Court
Definition
federal court structure
Term
court of common pleas > superior court > supreme court
Definition
pennsylvania court structure
Term
administrative regulations
Definition
consists of rules and regulations issued by agencies
Term
9
Definition
how many justices of the supreme court are there?
Term
94
Definition
how many districts are there in the federal court
Term
13
Definition
how many circuits are in the US court of appeals
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