BUSINESS LAW CHAPTER 1

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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


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