Unit 1 Business Law Question and answers already passed 2023

Unit 1 Business Law Question and answers already passed 2023Law Rule of civil conduct commanding what is right and prohibiting what is wrong. Business Law Those rules of conduct prescribed by a government and it's agencies, in regulating business transactions. Common Law Customs which have become recognized by the courts as binding on the community. 49 of 50 states based on Common Law (English). Louisiana based on Canon Law (French) Plaintiff The individual who initiates a civil action Defendant The person against whom legal action is brought Stare Decisis The principle that the decision of a higher court should serve as a guide or precedent and control the decision of a similar case in the future Statutes Laws which are enacted by legislative bodies (Federal and State Government) Ordinance Law enacted by a local government entity (towns and county) Petition(Complaint) A written request that initiates a civil suit Process ( Summons) A notice given to a defendant, attaching the complaint and stating a time frame in which an answer must be filed or an appearance made Discovery Pretrial steps taken to learn the details of the case Statute of Limitations A law that restricts the period of time within which an action may be brought to court Appeal Request to a higher court to review a lower court's decision Appellate Court Hears the appeals of the cases of unsatisfied litigants. This court is higher than the District Court. Answer Official document detailing a defendant's defense Trial Court Courts which conduct the original trial and render it's decision