Business Law 210 Exam 1 WSU Questions And Answers Latest Updates

The trial court will create a record of the case which includes: - ️️Pleadings, Exhibits, Transcripts, findings of fact, rulings of law, the court's decision What is the main difference between violating your own morals, an ethical code, or a law? - ️️The punishment. Morals = feel bad. Ethics = censure, disciplinary procedures, or license suspension. Law = fines, damages, jail. Morality refers to principals of right an wrong as determined by one's own __________. - ️️conscious Ethics are.... - ️️A set of rules of conduct (right vs. wrong) recognized by a particular group of individuals Jurisprudence - ️️The philosophy of law Sarbanes Oxley Act - ️️Resulted in the installation of "ethics officers" Business ethics - ️️The application of the code to business decisions Stakeholder - ️️Anyone who is potentially impacted by an organization's actions Corporate Social Responsibility - ️️Duty that decision makers owe to society in general Appellant - ️️The party who loses in the trial court and brings the appeal Appellee - ️️The part who won at trial and now had to defend in the appellate court U.S. District Courts - ️️Our federal trial courts Diversity of Citizenship - ️️Occurs when the parties are residents of different states and the amount in controversy exceed $75,000 Federal Question - ️️Legal dispute based on a federal statute. treaty, or the U.S. constitution amicus curiae briefs - ️️Unique, people interested in the outcome of a specific case can also submit their own briefForum state - ️️The state in which the court is located Concurrent jurisdiction - ️️The plaintiff may file suit in either court Forum Non Conveniens - ️️Asks the court to move the case to a more convenient courthouse even though the original court has jurisdiction Arbitration - ️️Legal process where a neutral third party called the arbitrator hears the dispute and makes a decision Civil Lawsuit - ️️When someone is injured, they may seek damages from the party who injured them by filing a lawsuit A cause of action - ️️The legal claim needed in order to recover damages Complaint - ️️Set forth the cause of action and remedy that the plaintiff is pursuing Summons - ️️sets forth the time within which the defendant has to reply Motion to Dismiss - ️️Used to convince the court that even if everything that the plaintiff said in the Complaint was true, it must be dismissed because the jurisdiction does not recognize that type of lawsuit either because it contains no valid claim or it is defective in some way Affirmative defense - ️️Legal position which would defeat the claim such as truth in the case of defamation Counterclaim - ️️Claim for relief by the defendant against the plaintiff under his own theory of recovery arising out of the same set of facts Default judgement - ️️If the defendant fails to file an answer, the court will grant judgement for the plaintiff Discovery - ️️The way in which the parties can obtain information in the other party's possession Deposition - ️️Oral testimony of a witness or a party recorded by a court reporter to be preserved for trial Interrogatories - ️️Written questions submitted by one party to another. Summary Judgement Motion - ️️Filed if one or both of the attorneys believes there are no genuine issues of material factVoir Dire - ️️Process of choosing a jury Direct Examination - ️️When an attorney question his or her witness Cross Examination - ️️When the opposing party questions the same witness