BUL4421 MIDTERM REVIEW
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Generally the buying or selling of a security, in breach of a fiduciary duty or
other relationship of trust and confidence, while in possession of material,
nonpublic information about the security.
Choose an answer
1 business law 2 Restatements of the Law
3 Insider trading 4 n
Don't know?
Terms in this set (174)
the enforceable rules of conduct the govern
business law
commercial relationships.
, A body of law that deals with relationships between
private law private individuals, such as contracts, civil injuries,
domestic relations, and partnerships.
Law that suits between private individuals or groups
public law
and their governments
the rights and responsibilities implied in relationships
civil law
between persons and persons and their government
regulates incidents in which someone commits an act
criminal law
against the public as a whole
a classification of law regulating business activities
cyberlaw
that are conducted online.
the general limits and power of these government as
constitutional law
stated in their written constitutions.
assortment of statues, or rules and regulations put
statutory law
forth by legislatures.
serve as a basis for some statutory law at the state
model law
level and also called as uniform laws.
Common law; the collection of legal interpretations
Case law
made by judges.
Court decision that stands as an example to be
precedent
followed in future, similar cases
"let the decision stand;"rulings made in higher courts
stare decisis
become binding precedent for lower courts.
Summaries of common law rules in a particular area of
the law. Restatements do not carry the weight of law
Restatements of the Law
but can be used to guide interpretations of particular
cases.
The rules, regulations, orders, and decisions issued by
administrative agencies of government to fill in
Administrative law
particular details missing from constitutions ans
statutes.
, a binding agreement between two states or
treaty
international organizations.
a school of jurisprudence that recognizes the
natural law existence of higher law, or law that is morally superior
to human laws
holds that because society requires authority a legal
and authoritarian hierarchy should exist when a law is
legal positivism
made, therefore obedience is expected because
authority created it.
the school of jurisprudence of pursuing change on
identification with the
the grounds that some higher law or body of moral
vulnerable
principles connects all of us in the human community.
A school of jurisprudence which holds that context
must be considered as well as law. Context includes
legal realism
factors such as economic conditions and social
conditions.
a guide to legal change, choosing the alternatives that
cost-benefit analysis
maximized benefits and minimized costs
the study and practice of decisions about what is
ethics
good, or right.
Accepted principles ethics to the special problems
business ethics ans opportunities governing the conduct of business
people.
Situations that do not have a clear right or wrong
ethical dilemma
answer; complex, confusing, and frustrating situations
social responsibility of the expectations that community imposes on firms
business doing business inside it borders.
Who decision impacts
WPH process of ethical
Purpose of decision
decision making
How to make decision (i.e guidelines)
practical steps that provide a dependable stimulus to
ethical guidelines
ethical reasoning in a business context.
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Generally the buying or selling of a security, in breach of a fiduciary duty or
other relationship of trust and confidence, while in possession of material,
nonpublic information about the security.
Choose an answer
1 business law 2 Restatements of the Law
3 Insider trading 4 n
Don't know?
Terms in this set (174)
the enforceable rules of conduct the govern
business law
commercial relationships.
, A body of law that deals with relationships between
private law private individuals, such as contracts, civil injuries,
domestic relations, and partnerships.
Law that suits between private individuals or groups
public law
and their governments
the rights and responsibilities implied in relationships
civil law
between persons and persons and their government
regulates incidents in which someone commits an act
criminal law
against the public as a whole
a classification of law regulating business activities
cyberlaw
that are conducted online.
the general limits and power of these government as
constitutional law
stated in their written constitutions.
assortment of statues, or rules and regulations put
statutory law
forth by legislatures.
serve as a basis for some statutory law at the state
model law
level and also called as uniform laws.
Common law; the collection of legal interpretations
Case law
made by judges.
Court decision that stands as an example to be
precedent
followed in future, similar cases
"let the decision stand;"rulings made in higher courts
stare decisis
become binding precedent for lower courts.
Summaries of common law rules in a particular area of
the law. Restatements do not carry the weight of law
Restatements of the Law
but can be used to guide interpretations of particular
cases.
The rules, regulations, orders, and decisions issued by
administrative agencies of government to fill in
Administrative law
particular details missing from constitutions ans
statutes.
, a binding agreement between two states or
treaty
international organizations.
a school of jurisprudence that recognizes the
natural law existence of higher law, or law that is morally superior
to human laws
holds that because society requires authority a legal
and authoritarian hierarchy should exist when a law is
legal positivism
made, therefore obedience is expected because
authority created it.
the school of jurisprudence of pursuing change on
identification with the
the grounds that some higher law or body of moral
vulnerable
principles connects all of us in the human community.
A school of jurisprudence which holds that context
must be considered as well as law. Context includes
legal realism
factors such as economic conditions and social
conditions.
a guide to legal change, choosing the alternatives that
cost-benefit analysis
maximized benefits and minimized costs
the study and practice of decisions about what is
ethics
good, or right.
Accepted principles ethics to the special problems
business ethics ans opportunities governing the conduct of business
people.
Situations that do not have a clear right or wrong
ethical dilemma
answer; complex, confusing, and frustrating situations
social responsibility of the expectations that community imposes on firms
business doing business inside it borders.
Who decision impacts
WPH process of ethical
Purpose of decision
decision making
How to make decision (i.e guidelines)
practical steps that provide a dependable stimulus to
ethical guidelines
ethical reasoning in a business context.
