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MGMT 409: Hailey (Exam 1)
MGMT 409: Hailey (Exam 1)
33
Management
Undergraduate 4
09/19/2011

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Term
What is law
Definition
Is based on a general observation concerning the nature of law
Term
Types of Law 9Top to Bottom)
Definition
Constitution
Statutory
Administrative Rules and Regulations
Case Law
Term
Constitutional Law is
Definition
Law of the Land
Creates National Government
10 amendment reserves all powers not granted to federal government to states
Term
Statutory law is created by...
Definition
Congress
Term
The UCC is...
Definition
the most accepted uniform law
Term
Agency Functions
Definition
Rule making
Investigating and enforcing rules
Judge violations of Rules
Term
Type of Executive agency
Definition
FDA
Term
Type of Independent agency
Definition
SEC
Term
Common law was created by
Definition
William the Conqueror in 1066
Term
Courts of Law deal with
Definition
Land, items of value and money
Term
Courts of Equity
Definition
are used to apply justice
Term
Stare Decisis means
Definition
To stand on decided cases
Term
4 Function of Stare Decisis Doctrine
Definition
-Create count decency
-Creates a more uniform system
-Make the law stable and predicable
-We use lessons learned from the past
Term
Departures from Precedent are
Definition
-If the judgment is incorrect
-The ruling is outdated
Term
6 Factors used when court is face with case of first impression or when conflicting precedents exist
Definition
-Persuasive
-Legal principles and policies under previous court decisions
-What is fair
-Social values and customs
-Public Policy
Social Science data
Term
READ LEGAL REASONING
Definition
Term
Public law involves
Definition
the government
Term
private law involves
Definition
invokes the dealing between people and companies
Term
Criminal Law...
Definition
Purpose: Punishment
Burden of Proof has to be beyond reasonable doubt
Term
Civil law...
Definition
people want some type of compensation
Burden of Proof is on the plaintiff
Term
Compensatory damages
Definition
meant to compensate the damages of the plaintiff
Term
3 types of actual damages
Definition
-Time, money, property
Term
5 type of special damages
Definition
Pain & suffering, injury to rep, mental anguish, disfigurement, loss of earning capacity
Term
Punitive/Exemplary damages are meant to
Definition
punish the wrongdoer and are given in addition to compensatory damages
Term
2 Types of novel remedies and purpose
Definition
Expectancy damages deals with contract
Market share liability deal with Tort.
Term
3 Types of Remedies in Equity
Definition
-Special Performance
-Injunction: to do, or stop doing an action
-Rescission: unravel entire contract
Term
Deductive Reasoning
Definition
a logical relationship involving a major premise, a minor, premise, and a conclusion
Term
Linear Reasoning
Definition
proceeds from one point to another
Term
Who is the Petitioner
Definition
Party appealing to supreme court
Term
Respondent
Definition
won at court of appeals level and defends against petition to supreme court
Term
Difference between Judge vs Justice
Definition
Judge: federal or state district (trial) court in TX and Court of Criminal Appeals
Justice: federal or state courts of appeals (except Court of Criminal Appeals) and supreme court
Term
In long-arm jurisdiction defendant must have
Definition
Minimum Contacts with the state
1. If they have cause an accident or injury
2. If they have formed or breached a contract within the state
3. Visit the state to do business often
Term
In Persona deals with
Definition
-Residents
-Anyone legally saved
-Long-arm Jurisdiction
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