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MGMT 322 Business Law Question and answers
Preview 2 out of 8 pages
MGMT 322 Business Law Question and answers Law - Enforceable rules of conduct made by government to keep order and protect rights. Stages of Growth of Law - 1. Personal revenge 2. leader forces compensation 3. courts are created 4. government prevents and punishes wrongs Common law - law made by judges through court decisions and precedent positive law - written law created by government bodies stare decisis - courts must follow previous decisions in similar cases equity - fairness used when common law cannot give a proper remedy injunction - court order telling someone to stop doing something specific performance - court order forcing someone to follow
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