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Related Flashcards
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Cards In This Set
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Business Law
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The enforceable rules of conduct that govern the
actions of buyers and sellers in a market exchange
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Law
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Rules that are enforceable by the court and the community
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Private Law
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laws between private individuals or groups
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Public Law
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Laws between private groups and government
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Civil Law
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Laws that govern the rights and responsibilities
between (person to person) or (Person to Government)
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Criminal Law
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laws hat involve the rights and responsibilities
of an individual with respect to the public as a whole
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Constitutional Law
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general limits and powers of government
interpreted from its written constitution
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Statutory Law
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Assortment of rules and regulations put forth by
legislatures
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Model laws / Uniform laws
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Laws created to account for the variability of
laws among states. The standardize the uninform different state laws.
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Case Law / Common Law
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collection of legal interpretations made by
judges. Considered laws unless otherwise revoked by statutory law
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Precedent
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·
tool used by judges to make rules on cases on
the basis of similarities to previous cases
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Stare Decisis
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“Standing by the decision” Rulings made in
higher courts form binding precedent for lower courts
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Restatement of the Law
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Summaries of common law rules. They are not actual
laws, but they can be used to guide interpretations of particular cases
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Administrative law
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Collection of rules and decisions made by
administrative agencies. Helps fill in details missing from constitutions and
statues
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Treaty
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binding agreement between states or
international organizations
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