Shared Flashcard Set

Details

BADM300_Exam1
UIUC BADM300 Spring 2010 Exam 1 (Chapters 1, 2, 3 [p. 57, 60-62], 58 [p. 1041-1046])
117
Business
Undergraduate 4
03/11/2010

Additional Business Flashcards

 


 

Cards

Term
Law
Definition
The boddy of rules and principles of conduct that are enforceable through sacntions
Term
Legal System
Definition
Institutions and processes for enforcing the law
Term
Legal system serves what 2 important functions for society
Definition
(1) § Government punishment of those who fail to conform to the rules of law that outline minimum socially acceptable standards of conduct
(2) § Resolution of disputes of private individuals (or entities) who cannot resolve the disputes on their own
Term
Laws impact on businesses
Definition
Both restricts and facilitates operations
Term
T/F Businesses have little effect on the development of law
Definition
False - Businesses do impact the developement of law
Term
Morals
Definition
principles of right, good, and fairness
Term
Ethics
Definition
systems of moral standards and beliefs, that address the most fundamental issues of social conduct, such as honesty, loyalty, fair treatment of others, and respect for human life and dignity
Term
What are ethics developed from?
Definition
Norms, beliefs, and values
Term
T/F Ethics are imposed by an external governing body.
Definition
False - Ethics are not imposed or enforced by an external authority (such as a government)
Term
Difference between law and ethics
Definition
(1) Law: Society imposes and enforces legal standards of conduct applicable to all of its members
(2) o Ethics: individuals develop and apply their own moral standards of conduct
Term
What is the are the opinions of businesspeople with regards to ethics in the business world?
Definition
(1) o Many businesspeople believe that establishing standards of commercial conduct is the responsibility NOT of business but of the government through its power to make laws
(2) o Other people believe that the common good is best served by strict adherence to the free market theory of competition
(3) o More recently people are realizing businesses are social as well as economic entitites
Term
What two categories mayt law be classified as?
Definition
Procedural or Substantive
Term
Substantive Law
Definition
law that defines the rights to which a person is entitled and the duties a person is obligated to perform
Term
Procedural Law
Definition
law that establishes the mechanisms to enforce the rights and duties created by substantive law
Term
T/F Substantive Law and Procedural law are both Interdependent and Complimentary
Definition
True
Term
Criminal Law
Definition
consists of principles and rules that protect society as a whole by establishing certain minimum standards of acceptable conduct and punishing those who fail to meet those standards
Term
Criminal Law
Definition
consists of principles and rules that protect society as a whole by establishing certain minimum standards of acceptable conduct and punishing those who fail to meet those standards
Term
Substantive Criminal Law
Definition
· Defines the classes of conduct deemed particularly injurious to the public welfare (such as murder) and establishes a penalty for those who are found guilty of committing the acts.
Term
Procedural Criminal Law
Definition
· Establishes the rules for legal proceedings (prosecutions) that determine the guilt or innocence of those who allegedly have violated the substantive criminal law.
Term
Who represents whom (or enforces) in the criminal proceedings?
Definition
Government acts on behalf of society by initiating prosecutions
Term
Criminal Law
Definition
Law that concerns relations between individuals and is remedial in nature
Term
Who represents whom (or enforces) in the civil law proceedings?
Definition
· Enforced by the party who was injured by the violation of the civil law
Term
Give an example of when conduct can violate both civil and criminal
Definition
Accident:
(1) Criminal - Government prosecutes for speeding
(2) Civil - Person injured sues the offender
Term
Private Law
Definition
consists of principles and rules that involve the government in its capacity of representing society.
Term
In criminal law – government as a representative of society brings the wrongdoer to court

This is an example of what law?
Definition
Public Law
Term
Private Law
Definition
consists of rules and principles that involve persons (whether artificial or natural) as private individuals
Term
Much Civil law is considere which:
(a) criminal
(b) civil
Definition
(b) Civil
Term
With private law, to what capacity may the goverment be involved?
Definition
as a member of society rather than as a representative of society
Term
Traditionally Private law encompasses what three areas of law?
Definition
1. Torts
2. Property
3. Contracts
Term
What law did the founders of American legal system choose to base it off of?
Definition
English Common Law
Term
What state does not use a common law system?
Definition
Louisana - uses a civil law system
Term
When colonies of America won independence what two general systems of law were seen in Western Europe?
Definition
(1) Common Law (england)
(2) Civil Law (most other countries)
Term
Traditional Common Law System
Definition
Basic principles of law are set forth in case law
Term
Case Law
Definition
decisions written by judges to resolve specific cases
Term
Adversarial system
Definition
each party to a dispute presents its case to the court
Term
Principle purpose of the Courts of Chancery
Definition
§ Provide fair and equitable resolution of disputes without being restricted by inflexible procedures
Term
American law adopted what complementary system of the English court system?
Definition
Courts of Chancery or Courts of Equity
Term
What created Equitable remedies
Definition
The Courts of Chancery
Term
When is Equitable Remedies used?
Definition
when money damages were not adequate
Term
Injunction
Definition
an order requiring a party to do or refrain from doing some act
Term
Rescission
Definition
an order voiding contracts obtained unfairly
Term
Specific Performance
Definition
an order requiring a party to perform contractual obligations
Term
Attorney
Definition
a person who has been authorized by one or more states to practice law on behalf of clients
Term
What is the relationship between American law and Attorneys
Definition
o Attorneys must comply with variety of ethical and professional duties and responsibilities
Term
attorney-client privilege
Definition
(1) Privilege that prevents an attorney from disclosing communications made with a client while seeking legal advice
(2) Client may wave this
(3) Attorney may discourage criminal acts, but if client participates in something unlawful the attorney must reveal it to proper authorities
Term
Who is sovereign in the U.S.?
Definition
the people and, thus, are the sources of all powers, including the power to establish law
Term
What form of gervnment do we have?
Definition
Republican - elected representatives exercise powers
Term
Ultimately what is the source of law in the U.S.
Definition
The Government (in representative capacity)
Term
What are the levels of government? Explain.
Definition
(1) National level – federal government adopts and enforces laws that are binding on the citizens of all states
(2) State level – state government enact laws that are effective within the state
Term
Governments of both the state and national level are organized in accordance with what?
Definition
a doctrine of separation of powers
*This way governmental powers are divided among the three branches of government
Term
What are the 3 Branches of Government?
Definition
(1) Legislative: Adopts written laws called “statutes,”
(2) Executive: Executes the statutes
(3) Judicial: Enforces the law in specific cases and controversies
Term
What are the 3 principle sources of law?
Definition
(1) Constitutions
(2) Statues
(3) Common Law
Term
Constitution
Definition
establishes the basic principles, governmental structure, and law of a state or nation
Term
United States Constitution
Definition
The written agreement that binds the states together as a federation
Term
How many articles make up the US Constitution
Definition
7 (1787)
Term
How many Articles make up the US Constitution?
Definition
27 (between 1791 and 1992)
Term
3 Important Functions of the US Constitution
Definition
(1) Limits the powers of the states and their governments
(2) Enumerates the powers that the states have delegated to the federal government
(3) Guarantees certain rights to the people of the United States
Term
Limitation on States’ Powers
Definition
· As sovereign entity, each state has the inherent power to enact and enforce its own laws

· Federal Constitution restricts this power by making state law subordinate to federal law
Term
Supremacy Clause
Definition
(Article VI of the Constitution): Requires a court to invalidate and refuse to enforce any state law that conflicts with the federal constitution, federal statues, or federal treaties
Term
Enumeration of Federal Powers
Definition
Federal government has no inherent powers but posses only those powers that the states have delegated to it
Term
Article I of the Constitution
Definition
Establishes Congress as the legislative branch of government and sets forth the congressional powers
Term
Article II of the Constitution
Definition
vests the executive powers of the federal government in the president
Term
Article III of the Constitution
Definition
Grants federal judicial power to the United States Supreme Court and other federal courts established by Congress
Term
Doctrine of Judicial Review
Definition
federal courts have the power to determine whether the acts of the legislative and executive branches of government comply with the Constitution and refuse to enforce those acts that violate it
Term
Marbury v. Madison (general issue)
Definition
-Jefferson elected.
-Adams' commissions were not all delivered in time
-New secretary of State, Madison, refused to deliver remaining
-Marburu was one that hadn't been delivered
-Marbury filed suit in the Supreme Court
Term
Writ of Mandamus
Definition
an order issued by a court commanding a public official to perform a specific act or duty
Term
Judiciary Act of 1789
Definition
a statute that authorized the Supreme Court “to issue writs of mandamus… to persons holding office under the authority of the United States”
Term
Conclusion of Marbury v. Madison
Definition
Congress’s attempt to expand the types of cases that the Court may hear to include those cases not listed in the Constitution was “repugnant’ (opposed to) to the Constitution
Term
Job of Judicial Department
Definition
To say what the law is, interpret the law, and decide when conflicting laws exists, the operation of each
Term
The constitution vs. laws repugnant to it
Definition
The is void and the courts, as well as other departments, are bound by that instrument.
Term
Guarantee of Individual Rights
Definition
Delineates certain rights that are guaranteed to US citizens
Term
Bill of Rights
Definition
First ten amendments in the constution; Most rights (as stated int eh Guarentee of Individual Rights) are set forth in the Bill of Rights
Term
Bill of Rights
Definition
First ten amendments in the constution; Most rights (as stated in the Guarentee of Individual Rights) are set forth in the Bill of Rights
Term
Bill of Rights
Definition
First ten amendments in the constution; Most rights (as stated in the Guarentee of Individual Rights) are set forth in the Bill of Rights
Term
The Bill of Rights
Definition
First ten amendments in the constution; Most rights (as stated in the Guarentee of Individual Rights) are set forth in the Bill of Rights
Term
State Constituions
Definition
-Each state adopted its own constitution
-Provisions generally outlines the principles and organization of the state’s government and the rights guaranteed to citizens of the state, and divides the state powers among executive, legislative, and judicial branches of government
Term
Statutes
Definition
written laws enacted by the legislature
Term
Relationship between federal and state governments regarding statutes
Definition
o US Congress adopts federal statutes and the legislative body of each state enacts state statutes
Term
Ordinances
Definition
Other government units’ statues that many states authorize them to enact (such as cities or counties)
Term
Official Codes
Definition
Where statutes are compiled
Term
Where are all federal statutes are codified in?
Definition
United States Code (U.S.C)
-Divided into Titles
-Example: Title 11 of the U.S.C.
Term
Where are state codes compiled?
Definition
In seperate official codes under a variety of names
Term
Code of Federal Regulation
Definition
Where Federal regulations are compiled
Term
Conference (newest name) to encourage state law uniformity
Definition
National Conference of Commissioners on Uniform State Laws
Term
What the the NCCUSL do today?
Definition
(1) Consider the areas of law requiring uniformity
(2) Drag legislation known as uniform codes, acts, or laws
(3) Encourage their adoption by each of the states
Term
Model Acts
Definition
serve as guidelines to state legislatures in drafting other types of legislation which the National Conference and other organizations often draft
Term
Case Law
Definition
(also known as Common Law) rules and principles of law embodied in cases previously decided by the courts
Term
Hierarchy of the Sources of Law
Definition
(1) [Top] Constitutions
(2) Statutes
(3) Case Law
Term
Common Law often involves what areas?
Definition
· Torts, contracts, restitution, suretyship, property, trusts and agencies
Term
Doctrine of Stare Decisis
Definition
-Courts will adhere to and apply principles of law based in prior cases to later cases involving substantially the same facts
-what the use of common law as a source of law is based on deriving from its Latin name meaning “to adhere to precedents and not to unsettle things established”
Term
Holding
Definition
the rule of law that resolved the issues of the prior case and serves as authority or precedent for the resolution of the issues of subsequent cases that involve the same or similar facts
Term
Precedent
Definition
the holding of a prior case that serves as authority for resolution of the issues of subsequent cases that involve the same or similar facts
Term
What if a common law doesn't already exists for a case?
Definition
the court considers the issue to be one of first impression and reaches a holding that serves as a new rule of law under the common law
Term
T/F Common law is vital and not flexible
Definition
False: common law is vital and flexible to adapt to changing times
Term
How can legislature help change common law?
Definition
By adapting statutes that create a different rule of law
Term
When initially interpreting a statue, a court usually applies what rule?
Definition
The Plain Meaning Rule
Term
Plain Meaning Rule
Definition
provides that a statute should be interpreted according to the literal meaning of its words.
Term
T/F Generally the precedents of one state are binding in courts of other states
Definition
False - typically it is not
Term
Federal Case law
Definition
§ Includes rules of law interpreting only federal statutes and the Constitution
Term
Relationship between substantive common law and Fedearl statutes and constitutional provisions
Definition
§ No body of substantive common law that is applied in the absence of a federal statute or constitutional provision
Term
Restatement of the Law
Definition
(The restatement) Published by a national organization of attorneys, law professors, and judges know as the American Law Institute
Term
Is The Restatement of the Law part of the common law?
Definition
No, but if a court adopts a rule promulgated by the Restatement, that rule becomes a part of the state’s common law
Term
Judicial Branch
Definition
applies and interprets the law
Term
Courts
Definition
o Provide a forum for the peaceful resolution of civil disputes and serve as a tribunal for the impartial enforcement of criminal laws in a fair and consistent manner
Term
Who initiated a legal case?
Definition
Plaintif
Term
Plaintiff
Definition
the party initiating the legal case seeking some form of judicial remedy from or penalty against another
Term
Defendant
Definition
the person upon which a legal case has been brought against
Term
Original Jurisdiction
Definition
a court of this has the power to render the initial decision on the case
Term
Appellate Jurisdiction
Definition
Courts of this are empowered to review cases that have been tried by a court of original jurisdiction
Term
Subject Matter Jurisdiction
Definition
The types or categories of cases that a court is empowered to hear
Term
General Subject Matter Jurisdiction
Definition
May hear all types of cases
Term
Limited Subject Matter Jurisdiction
Definition
May hear only certain categories of disputes
Term
State Inferior Courts
Definition
· Some states have established courts of original and limited subject matter jurisdiction to handle cases of a specialized nature
Term
State Trial Courts
Definition
For the majority of cases, this is the court of original jurisdiction
Term
State Appellat Courts
Definition
· Jurisdiction to review the decisions of the inferior and trial course
Term
Intermediate Appellate Courts
Definition
A party’s appeal of right generally starts here (if it exists)
Term
State Supreme Court
Definition
Provides another review of cases already reviewed by the court of appeals
Supporting users have an ad free experience!