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Business Law Exam 1
Business Law Exam 1
50
Law
Undergraduate 4
02/04/2013

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Term
staute
Definition
enacted by a legislative body to regulate conduct
Term
stare decisis
Definition
the legal principle of determining points in litigation according to precedent.
Term
federal supremacy
Definition
rule of priority for conflict between laws the holds US const. the law of the land
Term
Jurisprudence
Definition
the theory or philosophy of law.
Term
legal positivism
Definition
law is the command of a recognized political authority
Term
natural law
Definition
universal moral rules bind all people whether written or unwritten
Term
sociological jurisprudence
Definition
unites theories that examine law within its social context
Term
plain meaning rule
Definition
court applies stature according to usual means of the words
Term
Castle Doctrine
Definition
defend home and in some instances car from attack up to deadly force
Term
concept of Standing
Definition
parties must have standing direct interest in the outcomes to sue
Term
hagan v. coca-cola bottling co.
Definition
Term
In personam
Definition
defendant must be resident of, located within physical boundaries of court authority
Term
In Rem
Definition
prop that is subject of dispute is located within physical boundaries of court authority
Term
diversity jurisdiction
Definition
dispute between citizens from different states and amount in controversy must exceed 75,000 or constitutional matter
Term
triers of fact
Definition
judge or jury decides case based on which side has better facts
Term
civil trial procedure "matters of law"
Definition
issues not of fact, but of law decides only by a judge
Term
Voir Dire
Definition
a preliminary examination of a witness or a juror by a judge or counsel. Or an oath taken by such a witness.
Term
JNOV
Definition
judgement now withstanding verdict
Term
Arbitration
Definition
formal, uniform, or federal arbitration
typically rule in favor of corporations
Term
Mediation
Definition
parties choose neutral party to aid resolution
Term
Reference to 3rd party
Definition
dispute a resolution by a rent a judge. mini-trial, summary jury trial, or association tribunal
Term
rational basis test
Definition
in U.S. constitutional law, refers to a level of scrutiny applied by courts when deciding cases presenting constitutional due process or equal protection issues related to the Fifth Amendment or Fourteenth Amendment.
Term
commerce clause
Definition
Act. 1 sec 8- applies to interstate commerce
Term
equal protection clause
Definition
of the 14th amendment- prohibits government from treating 1 person different than others
Term
Rights Theory
Definition
Kantianism- categorical imperative
modern rights theory
Term
Justice Theory
Definition
1971- John Rawls
Term
Utilitarianism Theory
Definition
Cost Benefit Analysis
-hard to measure all costs and benefits
Term
Profit Maximization
Definition
adam Smith, milton Friedman, thomas sowell
Term
circular reasoning
Definition
is a logical fallacy in which "the reasoner begins with what he or she is trying to end up with".
Term
false analogy
Definition
The process of analogical inference involves noting the shared properties of two or more things, and from this basis inferring that they also share some further property
Term
Argumentum ad bacculum
Definition
also known as appeal to force, is an argument where force, coercion, or the threat of force, is given as a justification. It is a specific case of the negative form of an argument to the consequences.
Term
Argumentum ad homineum
Definition
is an argument made personally against an opponent instead of against their argument.
Term
Punitive damages
Definition
damages exceeding simple compensation and awarded to punish the defendant.
Term
compensatory damages
Definition
Compensatory damages, called actual damages, are paid to compensate the claimant for loss, injury, or harm suffered as a result of (see requirement of causation) another's breach of duty. (e.g., in a negligence claim under tort law).
Term
Double Jeopardy clause
Definition
prevents defendant from multiple criminal prosecutions for the SAME OFFENSE
Term
Self incrimination privilege
Definition
Testimonies admissions
humans not corporations
Term
Torts
Definition
Civil wrong- not a breach of contract
Term
Four types of wrongfulness involved
Definition
Intent, recklessness, negligence, strict liability
Term
Battery
Definition
Intentional and harmful or offensive touching of another without the person’s consent
Term
Assault
Definition
Assault occurs when there is an intentional attempt or threat to cause a harmful or offensive contact with another person, if the attempt causes a reasonable apprehension of imminent battery in other person’s mind
Term
Intentional infliction of emotional distress
Definition
Most courts allow recovery for emotional distress even if no other tort is proven
All courts require the wrongdoer’s conduct to be outrageous before liability is imposed
Term
False Imprisonment
Definition
False imprisonment is intentional confinement of another for an appreciable time without his or her consent
confinement must be complete, though a few minutes is enough
Term
Defamation
Definition
unprivileged
publication of
false and defamatory
statements concerning another person
Term
private nuisance
Definition
Involves some interference with plaintiff ’s use and enjoyment of the land
Term
trespass
Definition
Any unauthorized or unprivileged intentional intrusion upon another’s real property, including physically entering plaintiff’s land, causing another person or object to do so, remaining on the land after one’s right to
Term
conversion
Definition
Defendant’s intentional exercise of dominion or control over plaintiff’s personal property without plaintiff’s consent through:
Term
Slander
Definition
the action or crime of making a false spoken statement damaging to a person's reputation:
Term
Libel
Definition
Law a published false statement that is damaging to a person's reputation; a written defamation. Compare with slander.
• the action or crime of publishing such a statement:
Term
RICO
Definition
Example of criminal RICO: using income derived from a “pattern of racketeering activity”
Term
6th Amendment
Definition
right to a speedy trial
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