Business Law Chapter 1

Book: Business Law Text and Cases- 12th edition

30 cards   |   Total Attempts: 182
  

Cards In This Set

Front Back
The belief that government and the legal system should reflect universal moral and ethical principles that are inherent in human nature.
The belief that government and the legal system should reflect universal moral
Defined by legislation. example: gambling
Possitivous Law
Advocated a less abstract and more pragmatic approach to the law.
Legal Realism
How judges apply the law to cases depend on their philosophical approaches to law.
Schools of jurisprudential thought
What are the sources of Common Law?
1.) U.S. Constitution 2.) Congress 3.) rules and regulations 4.) Common Law
The body of laws enacted by legislative bodies.
Statuary law
Law that is based on the U.S. Constitution and the constitutions of the various states.
Constitutional Law
The rules of law announced in court decisions. These Laws include the aggregate of reported cases that interpret judicial precedents, statutes, regulations, and constitutional provisions.
Case Law
The body of law created in the form of rules, regulations, orders, and decisions in order to carry out their duties and responsibilities.
Administrative Law
What classification of law consists of all laws that define, describe, regulate, and create legal rights and obligations?
Substantive Law
What classification of law consists of all laws that delineate the methods of enforcing the rights established by substantive law.
Procedural Law
Federal Law, Public Law, National Law, and International Law are all what?
Classifications of Law
Equitable Remedies will not be granted unless "what" is is inadequate?
Remedy at Law
"what" should be decided the way they out to be decided as a matter of fairness?
Equity
Uniform laws, when adopted by a state become what?
Statutory law