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Law & Business 1
Law & Business 1
45
Business
Undergraduate 3
09/14/2013

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Term
Law
Definition
is a body of rules of action or conduct prescribed by controlling authority, & having binding legal force, and must be followed by citizens subject to sanctions or legal consequences is a law
Term
Jurisprudence
Definition
the philosophy or science of the law
Term
Natural Law School
Definition
jurisprudence postulates that the law is based on what is "correct"
Term
Historical School
Definition
jurisprudence believes that the law is aggregate of social traditions & customs that have developed over the centuries
Term
Analytical School
Definition
jurisprudence maintains that the law is shaped by logic
Term
Sociological School
Definition
jurisprudence asserts that the law is a mean of achieving & advancing certain sociological goals
Term
Command School
Definition
jurisprudence believe that the law is a set of rules developed, communicated, & enforced by the ruling party rather than a reflection of the society's morality, history, logic, or sociology
Term
Critical Legal Studies School
Definition
proposes that legal rules are unnecessary & are used as an obstacle by the powerful to maintain the status quo.
Term
Law & Economics School
Definition
believes that promoting market efficiency should be the central goal of legal decision making
Term
English Common Law
Definition
law developed by judges who issued their opinions when deciding cases
Term
State Constitutions
Definition
often patterned after the U.S. constitution, although many are more detailed
Term
Statutes
Definition
are written laws that establish certain courses of conduct that covered parties must adhere to
Term
Ordinances
Definition
laws that are created & enforced by local governments including counties, school districts, & municipalities. (ex. traffic laws)
Term
Executive Orders
Definition
laws that are made by the president or state governors
Term
Judicial Decisions
Definition
federal & state issued decisions about individual lawsuits
Term
Precedent
Definition
a rule of law established in a court decision
Term
Court Systems in U.S.
Definition
Federal Court System & State Court System
Term
Federal Question Case
Definition
a case arising under the U.S. constitution, treaties, or federal statutes & regulations
Term
Diversity of Citizenship
Definition
a means for bringing a lawsuit in federal court that involes a nonfederal question if the parties are (1) from a different state (2)or a citizen of a different state/ foreign country
Term
Long-arm statute
Definition
a statute that extends a states jurisdiction to nonresidents who were not served a summons within the state
Term
Venue
Definition
lawsuits must be heard by the court with jurisdiction that is nearest the location in which the incident occurred or where the parties reside
Term
U.S. Courts of appeals
Definition
the federal court systems intermediate appellate courts
Term
Intermediate Appellate Court
Definition
a court that hears appeals from trial courts
Term
State Supreme Court
Definition
highest court in a state court system; it hears appeals from intermediate appellate state courts and certain trial courts
Term
Court Systems in U.S.
Definition
Federal Court System & State Court System
Term
Federal Question Case
Definition
a case arising under the U.S. constitution, treaties, or federal statutes & regulations
Term
Diversity of Citizenship
Definition
a means for bringing a lawsuit in federal court that involes a nonfederal question if the parties are (1) from a different state (2)or a citizen of a different state/ foreign country, also must be about an amount of 75,000+
Term
Long-arm statute
Definition
a statute that extends a states jurisdiction to nonresidents who were not served a summons within the state
Term
Venue
Definition
lawsuits must be heard by the court with jurisdiction that is nearest the location in which the incident occurred or where the parties reside
Term
U.S. Courts of appeals
Definition
the federal court systems intermediate appellate courts
Term
Intermediate Appellate Court
Definition
a court that hears appeals from trial courts reviewing
records of trials for errors without hearing any new evidence
Term
State Supreme Court
Definition
highest court in a state court system; it hears appeals from intermediate appellate state courts and certain trial courts
Term
Litigation
Definition
the process of bringing, maintaining, and defending a lawsuit
Term
Summons
Definition
a court order that directs the defendant to appear in court and answer the complaint
Term
Consolidation
Definition
act of a court to combine two or more separate lawsuits into one lawsuit
Term
Class Action
Definition
a lawsuit where a group of plaintiffs with common claims collectively bring a lawsuit against a defendant
Term
Discovery
Definition
a legal process of which a party engages in discovering facts of the case from other party & witnesses prior to trial
Term
Interrogatories
Definition
written questions submitted by one party to another party, the questions must be answered in writing within a stipulated time
Term
Pretrial Motion
Definition
a motion a party can make to try to dispose of all or part of a lawsuit prior to trial
Term
Settlement Conference
Definition
a hearing before a trail in order to facilitate the settlement of a case
Term
Voir Dire (to speak the truth)
Definition
the process where the jurors are questioned to determine whether they would be biased in their decisions
Term
Jury Instructions
Definition
instructions the judge gives to the jury that inform the jurors of the law to be applied in the case
Term
Jury Deliberation
Definition
when the jury is making a decision considering the evidence of a case
Term
Quasi In Rem Jurisdiction
Definition
attachment jurisdiction occurs when a plaintiff who has obtained a judgment attempts to satisfy the judgment by attaching property located in another state
Term
Forum-Selection and Choice-of-Law Clauses
Definition
agreements are formed between people from different states and different countries, many contracts have clauses that specifically address the state’s or country’s laws that will be applied in the case of a dispute
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