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Business Law Test 1 Vocab
Baylor
16
Law
Undergraduate 3
02/08/2009

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Term
Definition of Law
Definition
a rule of civil conduct prescribed by the supreme power in the state, commanding what is right, and prohibiting what is wrong
Term
Functions of Law
Definition
to maintain stability in the social, political, and economic system through dispute resolution, protection of property, and the preservation of the state, while simutaneously permiting ordered change
Term
Laws and Morals
Definition
are differnt but overlapping; law provides sanctions while morals do not
Term
Law and Justice
Definition
are seperate and distinct concepts; justice is the fair, equitable, and impartial treatment of competing interests with due regard for the common good
Term
Right
Definition
legal capacity to require another person to perform or refrain from performing an act.
Term
Duty
Definition
legal obligation requiring a person to perform or refrain from performing an act
Term
Substantive Law
Definition
the basic law creating rights and duties
Term
Procedural Law
Definition
rules for enforcing substantive law
Term
Public Law
Definition
the law dealing with the relationship between government and individuals
Term
Private Law
Definition
the law involving relationships among individuals and legal entities
Term
Civil Law
Definition
the law dealing with the rights and duties of individuals among themselves
Term
Criminal Law
Definition
the law that involves offenses against the entire community
Term
Sue
Definition
to begin a lawsuite in a court
Term
Defendant
Definition
the person against whom a legal action is brought
Term
Judcial Review
Definition
authortiy of the courts to determine the constitutionality of legislative and executive acts
Term
Common Law System
Definition
body of law originating in England and derived from judicial decisions
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