Business Law: Text and Cases: Business Law 18 Text and Cases by Clarkson Flashcards


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1

LAW

Consists of enforceable rules governing relationships amount individuals and between individuals and their society

2

ENFORCEABLE LAWS MAY CONSIST OF

1. Unwritten principles of behavior established by a nomadic tribe

2. Maybe set forth in a law code:

a) Ex: Cod of Hammurabi in ancient Babylon. OR

b) Law cod of one of todays European nations OR

c) Written laws & court decisions created by modern legislative and judicial bodies, as in the U.S.

3

Administrative agency

A federal or state government agency created by the legislature to perform a specific function, such as to make and enforce rules pertaining to the environment.

4

Administrative law

The body of law created by administrative agencies in order to carry out their duties and responsibilities.

5

Allege

To state, recite, assert, or charge.

6

Appellant

The party who takes an appeal from one court to another.

7

Appellee

The party against whom an appeal is taken—that is, the party who opposes setting aside or reversing the judgment.

8

Binding authority

Any source of law that a court must follow when deciding a case

9

Breach

To violate a law, by an act or an omission, or to break a legal obligation that one owes to another person or to society.

10

Case law

The rules of law announced in court decisions. Case law interprets statutes, regulations, constitutional provisions, and other case law.

11

Case on point

A previous case involving factual circumstances and issues that are similar to those in the case before the court.