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Related Flashcards
Related Topics
Cards In This Set
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Alternative dispute resolution
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The resolution of disputes in ways other than those in the tradional jusfivial process. negotiation, mediation, and arbitration
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Assumption of risk
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A doctrine under which a plaintiff may not recover for injuries or damage suffered from risk he or she knew of and voluntarily assumed
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Common law
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The body of law developed from custom or judicial decisions in english and us courts not attributable to a legislature
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Cost benefit analysis
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A decision making technique that involved weighing the costs of a given action against the benefits of that action
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Diversity of citizenship
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A basis for federal district court jurisdiction over a lawsuit 1)citizens of differnent states 2)a foreign country and citizens of a state or different states 3)citizens of a state and citizens or subjects of a foreign country. must be more than 75,000.
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Due process clause
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No person shall be deprived of life, liberty or property without dur process of law
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Equal protection clause
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No state will deny to any persons within its jurisdiction the equal protection of the law
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Equitable priciples and maxims
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General propositions or principles of law that have to do with fairness
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Jurisdiction
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The authroity of a court to hear and decide a certain case
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Justicable controversey
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A controversy that is not hypothetical or academic but real and substancial. a reqwuirment that must be satisfied beofer a coturt witll hear a case
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Legal positivsm
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There is no higher law than the laws created by a national governement
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Long arm statute
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Permits a state toobtain personal jurisdicion over nonresident defendants
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Market sahre liability
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Liability shared by all firms that manufactured and distributed a particular product during a certain period of time in proportion to the firms respective shares of the market
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Moral minimum
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The minimum degree of ethical behavior expected of a business firm
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Natural law
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Should refelect a universal moral and ethical principles that are inherent in human nature
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