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Business Law ) (Solved Questions 100% VERIFIED QUESTIONS AND ANSWERS)

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Administrative Law >>> the area of law dealing with the legislature creating statute agencies that will regulate industries or other conduct Common Law >>> customs which have become recognized by the courts as binding in the community Constitutional Law >>> the la...

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  • October 5, 2023
  • 7
  • 2023/2024
  • Exam (elaborations)
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Business Law
Administrative Law >>> the area of law dealing with the legislature creating statute agencies that will
regulate industries or other conduct

Common Law >>> customs which have become recognized by the courts as binding in the community

Constitutional Law >>> the laws creating the formation of the government, authorizing those acts
which the government can perform and describing the relationship between the government and the
citizens

Judicial Law >>> laws created by judges making decisions in court cases

Law >>> those rules of conduct commanding what is right and prohibiting what is wrong

ordinances >>> laws enacted by a municipality

Stare decisis >>> the principle that the decision of a higher court should serve as a guide or precedent
and control the decision a similar case in the future.

statutes >>> laws which are enacted by legislative bodies

business law >>> those rules of conduct prescribed by government and its agencies in regulating
business transactions; law of agency and applying that law to business forms such as proprietorships,
partnerships and corporations

Civil Law >>> the body of law concerned with private or purely personal rights

Crime >>> an offense that is injurious to a society as a whole

Criminal Law >>> laws dealing with crimes and punishment of wrong doers

equity >>> a system of law designed to furnish remedies for wrongs for which no adequate legal
remedy, money damages, was provided by the common law

felony >>> a more serious criminal offense that is punishable by death or incarceration for more than
one year

injunction >>> a court order that orders a person to do or refrain from doing a certain act, and example
of an award in equity

intentional >>> a state of mind where acts are committed willfully, voluntarily and/or purposefully

, malpractice >>> a breach of contract by a professional person

misdemeanor >>> a less serious criminal offense, punishable by fine or imprisonment of less than one
year

negligence >>> failure to exercise reasonable care; omission to do something which a reasonable
person would do under ordinary circumstances

rescission >>> requiring each party to surrender their rights under the contract, return whatever each
has received and terminate the contract

scienter >>> actual knowledge of that which a reasonable person could expect to know

strict liability >>> conduct that is either so dangerous or special that if a person performs it and injury
occurs to another, liability will be found regardless of the degree of care used

tort >>> a private or civil wrong, other that breach of contract, for which there may be action for
damages

tortfeasor >>> the person committing the tort causing harm to the victim

answer >>> official document detailing a defendant's defense

appeal >>> request to a higher court to review lower courts decision

appeal de novo >>> after a trial/hearing, the appeal to the next level court will conduct another trial as
the the first trial never occurred

appellate review >>> after a trial/hearing, the appeal to the next level of court where the court will
review the record of what happened at the lower level. The court will not conduct a trial nor receive
new evidence or testimony

appellate courts >>> courts hearing cases appealed from a lower court

arbitration >>> a non-judicial proceeding where the parties submit their dispute to a panel or
individual. The arbitrator is responsible for making a decision. It does not matter if the decision is
binding or non-binding.

arraignment >>> charging a person with a crime and asking for that person's plea

arrest >>> to take into police custody

booking >>> administrative step taken after an arrested person is brought to the police station

certiorari >>> a request made to the United States Supreme Court asking permission for that court to
review the decision of a lower court

complaint >>> the written request that initiates a civil law suit

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