Precedent - correct answer ✔✔requires judges to decide current cases based on previous rulings
Common Law - correct answer ✔✔accumulation of precedent, based on case after case
US Constitution - correct answer ✔✔• supreme law of the land
• establishes national gov.
• creates system of checks and balances between branches of gov.
• guarantees many basic rights to citizens
Statutes - correct answer ✔✔law created by a legislature
Common Law - correct answer ✔✔• principle that precedent is binding on later cases is stare decisis "let
the decision stand"
• precedent is only binding on lower courts
Administrative Law - correct answer ✔✔• agencies do day-to-day work of legislative and executive
branches
• power to create laws called regulations
Treaties - correct answer ✔✔president can enter treaties, must be ratified by a two third's vote of senate
Criminal Law - correct answer ✔✔• concerns behavior so threatening that society outlaws altogether
• gov. prosecute wrongdoer
• can be fines, prison time or both
Civil Law - correct answer ✔✔regulates rights and duties between parties
, Shareholders - correct answer ✔✔owners of the company
Stakeholders - correct answer ✔✔includes employees, customers, and communities and countries in
which a company operates
Utilitarian Ethics - correct answer ✔✔correct decision making makes happiness, produces greatest net
benefit
Deontological Ethics - correct answer ✔✔duty to do right thing no matter what
Rawlsian Justice - correct answer ✔✔society is better off if people have an incentive to work hard
Common Law - correct answer ✔✔Judge made law
Stare Decisis - correct answer ✔✔once a covet has decided a particular issue, it will generally apply same
rule in similar cases in future
Bystander Cases - correct answer ✔✔you have no duty to assist someone in peril unless you created the
danger
Bills - correct answer ✔✔2 houses - either can originate a proposed statute; bill
Committee Work - correct answer ✔✔where most heavy lifting is done
Statutory Interpretation - correct answer ✔✔court explains precisely what the language means and how
it applies to a given case
• 3 primary steps
-plain meaning rule
-legislative history and intent
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