business law - ANSWER✔✔-the enforceable rules of conduct that govern
the actions of buyers and sellers in market exchanges
law - ANSWER✔✔-rules of conduct in any organized society that are
enforced by the governing authority of the community
private law - ANSWER✔✔-law that involves suits between private
individuals or groups
public law - ANSWER✔✔-law that involves suits between private
individuals or groups and their government
civil law - ANSWER✔✔-the body of laws that govern the rights and
responsibilities either between persons or between persons and their
government
criminal law - ANSWER✔✔-the body of laws that involve the rights and
responsibilities an individual has with respect to the public as a whole
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,constitutional law - ANSWER✔✔-the general limits and powers of a
government as interpreted from its written constitution
statute - ANSWER✔✔-legislative actions
statutory law - ANSWER✔✔-the assortment of rules and regulations put
forth by legislatures
model laws - ANSWER✔✔-laws created to account for the variability of
laws among states. these laws serve to standardize the otherwise different
interstate laws. also called uniform laws
case law - ANSWER✔✔-the collection of legal interpretations made by
judges. they are considered to be law unless otherwise revoked by a
statutory law. also known as common law
precedent - ANSWER✔✔-a tool used by judges to make rulings on cases on
the basis of key similarities to previous cases
administrative law - ANSWER✔✔-the collection of rules and decisions
made by administrative agencies to fill in particular details missing from
constitutions and statutes
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, legal realism - ANSWER✔✔-a school of jurisprudence that holds that
context must be considered as well as law. context includes factors such as
economic conditions and social conditions
cost-benefit analysis - ANSWER✔✔-an economic school of jurisprudence in
which all costs and benefits of a law are given monetary values. laws with
the highest ratios of benefits to costs are then preferable to those with lower
ratios
trial court - ANSWER✔✔-Court of original jurisdiction where cases begin
appellate court - ANSWER✔✔-A court having jurisdiction to review cases
and issues that were originally tried in lower courts.
complaint - ANSWER✔✔-A formal written document that begins a civil
lawsuit; contains the plaintiff's list of allegations against the defendant,
along with the damages the plaintiff seeks.
summons - ANSWER✔✔-a notice directing someone to appear in court to
answer a complaint or a charge
long-arm statute - ANSWER✔✔-A statute that enables a court to obtain
jurisdiction against an out-of-state defendant as long as the defendant has
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