WGU C713 Business Law Latest Update 100% Solved

WGU C713 Business Law Latest Update 100% Solved precedent the tendency to decide current rulings based on previous cases, only binding in lower courts common law judge made law, often created through many precedents judicial power gives the right to interpret laws and determine their validity statutes legislature to become a law laws bill (congress), simple majority in house and senate -> president (veto power) -> 2/3 in house and senate -> statute injunction order to stop doing something true most government agencies are created by congress regulations laws created by government agencies treaties made by the president, ratified by senate by 2/3rds stare decisis let the decision stand Legal Positivism Law is what the ruling power says it is. Legal Realism It does not matter what is written as law, only those who enforce the law and how they enforce it. Natural Law A body of unchanging moral principles regarded as a basis for all human conduct administrative law laws made by an administrative agencies Reasons for a new law New issue, unpopular judicial ruling, criminal law. Three steps in statutory interpretation Plain meaning rule, Legislative history and intent, Public policy first administrative agency ICC Interstate Commerce Commission (trains) executive agencies federal agencies, under the president's control independent agencies agencies not under presidential control How is an agency created? Congress passing enabling legislation Legislative rules agency rules that act as statutes Interpretive rules agency rules that are an interpretation of what the law already requires Informal Rulemaking Notice and comment method