BUSINESS LAW CHAPTER 1
the two systems of law in use today are the english common law and the
Roman law
as long as they are constitutionally valid, the laws of the various states
do not have to be alike
basic fairness
equity
businesses cannot commit torts
false
substitution of damages for revenge in the first stage in the evolution of law
false
a remedy of the English courts of law
injunction
power of a court to decide a case
jurisdiction
enforced rules of conduct in a society
laws
Doctrine requiring lower courts to adhere to existing case law in making decisions
stare decisis
laws enacted by state legislatures or federal legislatures
statues
status of a law that conflicts with a constitution and which is there for invalid
unconstitutional
government body formed to carry out particular laws
administrative agency
the first ten amendments to the US constitution are known as the
bill of rights
laws made when an appellate court endorses a rule to be used in deciding court cases
case law
laws grouped into an organized form
code
law based on the customs of a group
common law
an offence that violates the right of citizens to live in peace is governed by
criminal law
group of laws defining and setting punishments for offenses against society
criminal law
legislative enactments at the local level are called
ordinance
legislative enactments by a city
ordinance
group of laws defining the methods for enforcing legal rights and decisions
procedural law
the doctrine of stare decisis a
procedural law
group of laws that defines rights and duties
substantive laws
business activities are at times governed by the criminal law
true
louisiana is the only of ours 50 states whose law was not originally based on the English common law system
true
most American law courts can use either damages or an injunction or both remedies in civil cases
true
state decisis is the doctrine that requires lower courts to adhere to existing case law in their decisions
true
torts are private wrongs committed against individuals or organizations
true
