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Chapter 1
Ethics and the Law
8
Business
12th Grade
02/03/2009

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Term
Law
Definition

Consists of rules of conduct established by the government of a society to maintain stability and justice in that society.

Term
Constitution
Definition

Spells out the principles by which that country's government operates.  Most fundamental law of the country.

Term
Statute
Definition

Laws passed by the U.S. Congress, state legislatures, local city councils, or town meetings. 

Term
Legislature
Definition
Body of lawmakers- each state has its own which has the job of creating or passing statutory law
Term
Common Law
Definition

Decisions of the early law courts developed in England, based on customs. 

Term
Precedent
Definition

When a judge is required to follow an earlier court decision when deciding a case with similar circumstances.

Term
Unconstitutional
Definition

Action or law that is no longer valid

Term
Administrative Law
Definition

Those rules and procedures established by regulatory agencies.

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