Business Law Final Exam – Flashcards
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Stare Decisis
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Doctrine that requires lower courts to follow existing case law in deciding similar cases.
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Procedural Law
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Group of laws that define the methods for enforcing legal rights and duties.
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Laws
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Enforceable rules of conduct in a society.
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Common Law
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Law based on current standards or customs of the people.
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Ordinances
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Legislation enacted by a town, city, or county board or commission.
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Administrative Agencies
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Governmental body formed to carry out particular laws.
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Criminal Law
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Group of laws that defines and sets punishments for offenses against society.
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Equity
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Basic fairness.
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Jurisdiction
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Power of a court to decide a case.
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Unconstitutional
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Law that conflicts with a constitution and is therefore invalid.
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Statutes
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Law enacted by state or federal legislatures.
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Case Law
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Made when an appellate court endorses a rule to be used in deciding court cases.
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Code
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Laws grouped into an organized form.
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Substantitive law
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Group of laws that defines rights and duties.
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Civil Disobedience
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Open, peaceful violation of a law to protest its alleged injustice.
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Consequence-Based Reasoning
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Form of ethical reasoning that evaluates the results of an action.
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Impartiality
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Idea that the same ethical standards apply to everyone.
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Universalizing
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Mental test to identify illogical actions.
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Fundamental Ethical Rules
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Form of ethical reasoning that evaluates the act but not its consequences.
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Integrity
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Doing what is right even under pressure to act otherwise.
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Scofflaw
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Person who does not respect the law.
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Ethics
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Deciding what is right or wrong action in a reasoned, impartial manner.
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Fidelity Bond
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Insurance policy that pays the employer money in the case of employees' theft.
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Moral Rights
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Legitimate claims on other people which flow from each person's status as a human being.
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The Good
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Primary goal toward which human life should be directed.
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Civil Rights
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Personal, human rights recognized and guaranteed by the U.S. Constitution.
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Transcript
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Verbatim record of what went on at trial.
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Appellate court
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Reviews decisions of lower courts to determine if a significant error of law was made during trial.
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Court of record
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Accurate, detailed report of what went on at trial.
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Arbitrator
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Independent third party who develops a binding and enforceable resolution to a dispute.
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Writ of certiorari
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Order to a lower court to produce the record of a case for the Supreme Court to review.
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Original jurisdiction
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Power to hear the case in full for the first time.
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Juveniles
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Individuals over 13 and under 18 years of age who have special status under criminal law.
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Justice
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Title of a judge on the state supreme court or federal Supreme Court.
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Municipal courts
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City courts, usually divided into traffic and criminal divisions.
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Special jurisdiction
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Court that hears only one specific type of case.
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Appellate brief
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Written arguments on issues of law.
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Litigate
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To take a dispute to court.
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Mediator
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An independent third party who tries to develop a non-binding solution acceptable to both sides of a dispute.
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Court
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A governmental forum that administers justice.
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Trial court
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First court to hear a dispute.
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General jurisdiction
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Court that can hear almost any kind of case.
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Special jurisdiction
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Court that hears only one specific type of case.
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Associate circuit courts
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Court that hears minor criminal cases, state traffic offenses and lawsuits involving amounts of no more than $25,000.
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Small claims courts
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A court in which a civil action for a small amount, typically up to $10,000, can be filed.
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Probate courts
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Court that administers wills and estates.
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Procedural Defenses
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A defense based on problems with the way evidence is obtained or the way the accused person is arrested, questioned, tried, or punished.
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Substantive Defenses
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A defense created to disprove, justify, or excuse the alleged crime. Most discredit the facts that the state sought to establish.
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Misdemeanor
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A less serious crime punishable by confinement in jail for less than one year, a fine, or both.
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Felony
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A serious crime punishable by imprisonment for more than one year or by execution.
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Conspiracy
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Agreement, usually secret, between two or more people to do an unlawful act.
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Crime
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An offense against society, such as robbery, trespassing, or murder. A breach of duty to society for which punishment may be imposed.
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Bribery
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Crime of giving or receiving money to illegally influence a governmental action.
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Burglary
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Entering a building without permission when intending to commit a crime. (a variation of larceny)
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Forgery
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Falsely making or materially altering a writing, with intent to defraud another.
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Embezzlement
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Fraudulent taking of money or other property entrusted to one's care.
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Immunity
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Freedom from prosecution even when one has committed the crime charged.
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Antitrust Laws
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Laws designed to foster business competition.
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Perjury
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Lying while testifying under oath.
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Infractions
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Minor misdemeanor punishable by a fine.
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White-collar Crimes
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Nonviolent crimes committed by business persons.
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Extortion
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Obtaining money or other property from a person by wrongful use of force, fear, or the power of office. Commonly known as blackmail.
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False Pretenses
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Obtaining property by lying.
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Fence
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One who receives stolen property.
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Plea Bargaining
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Pleading guilty to a less serious crime.
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Defense
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Proves the innocence of the defendant.
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Receiving Stolen Property
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Receiving or buying property known to be stolen, with intent to deprive the rightful owner of the property.
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Vicarious Criminal Liability
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Responsibility of a corporate officer for a crime committed by one of the corporation's employees.
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Robbery
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Taking property from another's person or immediate presence, against the victim's will, by force or by causing fear. (a variation of larceny)
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Criminal Intent
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The defendant intended to commit the act and intended to do evil.
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Criminal Battery
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The intentional causing of bodily harm to another person.
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Criminal Act
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The specific conduct that violates a statute.
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Self-defense
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The use of force that appears to be reasonably necessary to the victim to prevent death, serious bodily harm, kidnapping, or rape.
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Arson
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The willful and illegal burning of a building.
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Larceny
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The wrongful taking of another person's property. (commonly known as theft)
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Punishment
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To discipline the wrongdoer with any penalty provided by law and imposed by a court.
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Criminal Insanity
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When the accused does not know the difference between right and wrong.
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Contempt of Court
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Willful disrespect to a court or disobedience of its orders.
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Assumption of the Risk
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A defense to negligence based on the plaintiff knowingly subject himself or herself to the dangers created by the defendant.
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Reasonable-Person Standard
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A general duty imposed by negligence law that requires that we act with the care, prudence, and good judgment of a reasonable person so as not to cause injury to others.
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Interference with Contractual Relations
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A third party's enticing or encouraging a breach of contract, in which the third party may be liable in tort to the nonbreaching party.
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Punitive Damages
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Added damages intended to punish and make an example of the defendant.
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Tort
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An offense against an individual.
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Evidence
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Anything that the judge allows to be presented to the jury that helps to prove or disprove the alleged facts. (i.e. weapons, pictures, documents, etc.)
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Damages
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Compensation for injury.
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False Imprisonment
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Depriving a person of freedom of movement without their consent without privilege.
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Negligence
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Failure to use reasonable care.
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Judgment
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Final result of a trial.
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Battery
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Harmful or offensive personal touching without consent or legal justification.
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Defamation
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Injury of a person's reputation by false oral or written statements.
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Fraud
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Intentional misrepresentation of fact, relied upon by another to her or his injury.
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Proximate Cause
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Natural and foreseeable cause of injury.
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Intentional Torts
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Offenses in which the defendant intended either the injury or the act.
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Slander
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Oral defamation.
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Assault
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Placing another in fear of harmful or offensive touching.
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Contributory Negligence
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Plaintiff's failure to exercise reasonable care to avoid injury, which bars recovery of any damages.
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Strict Liability
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Responsibility for injury regardless of negligence or intent.
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Vicarious Liability
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Responsibility of one person for the torts of another.
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Witness
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Someone who has personal knowledge of the facts in a case.
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Testimony
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Statements made by witnesses under oath.
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Comparative Negligence
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System in which damages are awarded in proportion to the plaintiff's negligence.
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Trespass
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Temporary or partial interference with the right to possession and use of one's property.
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Verdict
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The jury's decision.
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Invasion of Privacy
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Unlawful intrusion into another's private life causing mental or emotional injury.
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Subpoena
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Written court order compelling a person to appear in court and to testify.
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Libel
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Written defamation.
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Conversion
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Wrongfully depriving another of possession of personal property.