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Legal and Ethical Environment of Business
BUL3310
22
Business
Undergraduate 3
09/16/2009

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Term
Law
Definition
a body of enforceable rules governing relationships among individuals and between individuals and their society
Term
Jurisprudence
Definition
the science or philosophy of law
Term
Natural Law
Definition
the belief that government and the leagal system should reflect universal moral and ethical principles that are inherent in human nature. Oldest and most significant school of legal thought
Term
Positive Law
Definition
the body of conventional or wirtten law of a particular society at a particualr point in time
Term
legal Positivism
Definition
a school of legal thought centered on the assumption that there is no law higher that the laws created by a national government. Laws must be obeyed, even if they are unjust, to prevent anarchy
Term
Historical School
Definition
a school for legal thought that emphasizes the evolutionary process of law and looks to the past to discover what the principals of contemporary law should be
Term
Legal Realism
Definition
Term
Sociological School
Definition
a school of legal thought that views the law as a tool for promoting justice in society
Term
Breach
Definition
the failure to perform a legal obligation
Term
Primary Source of Law
Definition
a document that establishes the law on a particular issue such as a constitution, a statute, an administrative rule, or a court decision
Term
Secondary Source of Law
Definition
a publication that summarizes or interprets the law, such as a legal encyclopedia, a legal treatise, or an article in a law review
Term
Constitutional Law
Definition
the body of law derived from the US Constitution and the constitution of the various states
Term
Statutory Law
Definition
the body of law enacted by legislative bodies (as opposed to constitutional law, administrative law, or case law)
Term
Citation
Definition
a reference to a publication in which a legal authority- such as a statuteor a court decision- or other source can be found
Term
Ordinance
Definition
a regulation enacted by a city or county legislative body to govern matters not covered by state or federal law
Term
Uniform Law
Definition
a model law created by the National Conference of Commissioners on Uniform State Laws and/or the American Law Institute for the states to consider adopting. If a state adopts the law, it becomes statutory law in that state. Each state has the option of adopting or rejecting all or part of a uniform law.
Term
Administrative Law
Definition
the body of law created by administrative agencies (in the forms of rules, regulations, orders, and decissions) in order to carry out their duties and responsibilities
Term
Administrative Agency
Definition
a federal or state government agency established to perform a specific function. Administrative agencies are authorized by legislative acts to make and enforce rules in order to administer and enforce the acts.
Term
Executive Agency
Definition
an administrative agency within the executive branch of government. At the federal level, executive agencies are those within the cabinet departments
Term
Independent Regulatory Agency
Definition
an administrative agency that is not considered part of the governments executive brancha nd is not subject to the authority of the president. Independent Agency Officials cannot be removed without cause
Term
Enabling Legislation
Definition
a statute enacted by Congress that authorizes the creation of an administrative agency and specifiesthe name, composition, purpose, and powers of the agency being created
Term
Adjudicate
Definition
to render a judicial hearing
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