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Details

ch.1 study questions
LECTURE 1 (origins and beginnings)
39
Business
Undergraduate 2
04/02/2009

Additional Business Flashcards

 


 

Cards

Term
What are the 4 purposes of the Legal System?
Definition

1. Protection of the individual

2. Protection of society

3. Protection of property

4. Promotion of worthwhile social objectives

 

What are these?

Term
What are the 4 Central Course Themes?
Definition

1. There is no one "business law"

2. Law continually deals with tension for stability, predictability and continuity, and must adapt to society

3. our system is blend of "common law tradition"

4. our system is a "federalist" system

Term
What is law?
Definition

enforceable rules governing:

1. relationships among individuals

2. relationships between individuals and their society

Term
Justice
Definition
the fair, impartial consideration of opposing interests ("having your day in court with the opportunity to be heard")
Term
jurisprudence
Definition
the study of laws
Term
remedies
Definition
relief given by a court to enforce a right or to compensate for the violation of a right
Term
legal remedy
Definition
a remedy give in a court of law (usually monetary damages)
Term
equitable remedies
Definition
remedies given when monetary damages will no adequately compensate the injured party
Term
what are the three types of equitable remedies?
Definition

1. "specific performance"

2. injunctions

3. rescission

Term
describe these equities: 1. "specific performance" 2. injunctions 3. rescission
Definition

1. make the party perform (act a certain way)

2. stop an inappropriate action (don't act a certain way)

3. undo a transaction

Term
What are the 4 points to Philosophy and legal theory?
Definition

1. Natural Law

2. Legal positivism

3. sociological theories

4. critical legal studies

Term
Natural law
Definition
refer to system of rules and principles for guidance of human conduct that created by God/gods
Term
Legal positivism
Definition
Identifies source of law: the legislator or sovereign, whose will must be followed as laid down
Term
Sociological Theories
Definition
Asserts that law should be based on an inventory of a community's contemporary interests; people in society have changing and conflicting interests over time
Term
Critical Legal Studies
Definition
Most cynical view; law is scarcely more than the exercise of raw power; wealthiest have power and have membership into gov't; legal language is a false discourse to create hierarchies
Term
What are the 4 main categories for classification of law?
Definition

1. Public and Private

2. Procedural and Substantive

3. Civil and Criminal

4. Common Law and Statutory

Term
What is Public vs. Private Law?
Definition
Public Law: Deals with either the operation of gov't or the relationship between a gov't and its people Private Law: Deals with the rights and duties of individuals, associations, and corporations
Term
What is Procedural vs. Substantive?
Definition

Procedural: Defines the rules by which a lawsuit is carried out.

Substantive: Defines prohibited behavior, thereby establishing basic rights and duties

Term
What is Civil vs. Criminal?
Definition

Civil: Rules for establishing rights and duties of individuals and redressing personal wrongs

Criminal: The law of crimes, whereby the state sues a person for having injured the general welfare of society

Term
What is Common Law vs. Statutory?
Definition

Common Law: Law made by judges

Statutory: Law made by legislature

Term
What are the 3 ways a law can be made?
Definition

1. legislation

2. executive action

3. adjudication

Term
Describe who makes the law under: 1. legislation 2. executive action 3. adjudication
Definition

1. laws passed by federal,state,local gov't

2. laws passed by president, governors, mayors, etc. 3. laws made through courts

Term
What are the 5 types of Adjudication?
Definition

1. judicial review

2. judicial interpretation

3. common law

4. law by administrative agencies

5. direct democracy

Term
What are the 5 types of Adjudication?
Definition

1. judicial review

2. judicial interpretation

3. common law

4. law by administrative agencies

5. direct democracy

Term
What are the 2 types of constitutions in the US?
Definition

1. United States Constitution-"Supreme Law of the Land"

2. State Constitutions

Term
Who enacts federal statutes?
Definition
United States Congress (enacts what type of statue?)
Term
Who enacts states statutes?
Definition
state legislatures (enact what type of statutes?)
Term
Ordinances are enacted by whom?
Definition
municipalities (enact what type of statutory law?)
Term
What is a "code"?
Definition
the collection of the statues enacted by a government
Term
"USC" is
Definition
United States Code
Term
"RCW" is?
Definition
the Revised Code of Washington
Term
Describe the origins of Common Law (2 things)
Definition

1. Since 1066, the courts of England have used a system in which judges have made rulings which have developed into body of rules applied throughout the realm

2. the laws of 49 states are based on the "common law tradition" brought here by the nation's founders from their English tradition

Term
Describe the 4 main ways common law is applied.
Definition

1. developing a body of law over time

2. interpreting statues or constitutions, applying them to certain situations

3. publish reporters which collect all of the opinions of a specific jurisdiction

4. decisions become precedents

Term
What is stare decisis?
Definition
requires judges to follow the precedents established in their jurisdiction
Term
What is the purpose of Stare Decisis?
Definition

1. provides stability to the law

2. helps make the law efficient, as it provides final resolution to issues and allows for enforcement based on that predictability

3. departures from precedent may occur--> social or technological changes require a change in the law

Term
what is legal reasoning?
Definition
the process through which judges decide what law applies to a given dispute, and apply the law to a specific factual situation to achieve a result
Term
What are the 3 forms of reasoning?
Definition

1. Deductive reasoning

2. linear reasoning

3. Analogy

Term
Describe:1. Deductive reasoning 2. linear reasoning 3. analogy
Definition

1. employing a syllogism

2. proceeding from point to point to draw a conclusion 3. drawing logical comparisons/noting differences between different situations to draw a conclusion

Term
What are the basic steps to a legal argument? (I-R-A-C)
Definition

1. Identify the legal Issues involved

2. Identify the Rules of law that applies to the situation

3. Apply the law to the fact/issues presented, using examples from the fact patterns of prior cases as a guide

4. Reach a Conclusion based on application of the law to the facts Issue-Rule-Application-Conclusion

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