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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 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

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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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