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Business Law Objective 1.01 updated
Origins of Law
18
Business
Not Applicable
01/23/2012

Additional Business Flashcards

 


 

Cards

Term
Administrative law
Definition
rules and procedures established by regulatory agencies
Term
Allegiance
Definition
loyalty to one's country
Term
Civil disobedience
Definition
an open peaceful violation of a law to protest its alleged injustice
Term
commercial law
Definition
concerned with business transactions and the operation of business establishments
Term
common law
Definition
unwritten law that evolves from the customs and traditions of society
Term
constitution
Definition
a document which spell out the principles by which a government runs and the fundamental laws that govern a society
Term
expatriation
Definition
the act of abandoning one's country and giving up citizenship
Term
international law
Definition
concerned with the conduct of nations in their relations with each other
Term
judicial review
Definition
The right established by Marbury vs. Madison for the court system to examine the decision of a lower court, the executive branch, or the legislative branch
Term
law
Definition
rules of conduct established by the government of a society to maintain stability and justice in that society
Term
Law of precedent
Definition
when a judge is required to follow an earlier court decision when deciding a case with similar circumstances, also called stare decisis
Term
municipal
Definition
relating to a city or town
Term
ordinances
Definition
laws enacted by local municipal governmental bodies
Term
Stare decisis
Definition

"Let the decision stand", another name for law of precedent or case law

 

Term
Statutes
Definition
laws enacted by legislative bodies
Term
supremacy
Definition
the highest authority; US Constitution has supremacy over state laws, state laws have supremacy over local laws
Term
treason
Definition
betrayal or disloyalty to one's country
Term
unconstitutional
Definition
a law that is not agreeable with the constitution and is no longer valid
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