C713 business law - Study guides, Class notes & Summaries

Which kind of law is made when an appellate court endorses a rule to be used in deciding court cases? Common Law Which kind of law is based on the customs of a group? Common Law Which kind of law is enacted by state or federal legislatures? Statutory Law Which type of law is used when the Federal Communications Commission publishes a regulation on cigarette advertising on television? Administrative Law A hair stylist and client disagree over whether the stylist pr...

Role of Law in Society Law helps us settle disputes and regulate activity. Stare Decisis Latin for "let the decision stand". Common law Consists of case decisions. Is also called case law or judge-made law. Statutory Law Laws written and passed by legislature and signed by executive. Administrative Law Regulations produced by Federal Agencies. Treaties Agreements between US and foreign country negotiated by president and effective when ratified by 2/3 V...

Negligence Failure to exercise appropriate and or ethically ruled care expected to be exercised among specific circumstances. *Duty of Care, breach, proximate cause, and damages must be established in negligence case *court will typically compare the actions of the defendant to a "reasonable person" Mailbox Rule Acceptance is affected upon sending out the letter, not receiving it. Trespass to Land When someone enters onto, above, or below the surface of land owned by som...

What purpose does the law serve in our society? -To resolve conflicts in our society without the ise of volence. What are the three branches of government? - Executive, Legislative, and Judicial What is Statutory Law? - Law that is created by a legislative body, known as congress, at the federal Level. What is common Law? -Is Judge-Made Law. It is law that comes from previous Judge rulings in similar cases. What is administrative Law? - A branch of law that governs the creation and operat...

What is the principal source of stare decisis and precedent? A) Constitutional Law B) Administrative Law C) Statutory Law D) Common Law Common Law A rent-to-own store offered for sale a sofa that was manufactured in a foreign county. The store intentionally represented that the sofa was made from leather, but in reality it was made from vinyl. A consumer used a credit card to purchase the sofa and hopes the Federal Trade Commission regulations can help resolve the dispute. How w...

Define and describe "negotiation." negotiation is the transfer of an instrument in such form that the transferee becomes a holder requires both delivery and indorsement What are the two methods of negotiation? order instrument or a bearer instrument. Order Instrument contains the name of a payee capable of indorsing, as in "Pay to the order of Jamie Fowler. Bearer Instrument negotiated by delivery—that is, by transfer into another person's possession. Indorsement is not n...

1. A federal trial court is deciding a case based on constitutional law. The judge finds a past appellate case that is very similar to the current case and decides to follow the ruling established by the prior court. Which legal concept describes why this decision is binding on future cases? A. Legal positivism B. Administrative law C. State decisis D. Res ipsa loquitur C. Stare decisis 2. What is an example of the concept of precedent? A. An injunction issued by a judge o...

1.1 The doctrine of precedent is beneficial because it ensures predictability in the court system 1.1 The system of government used by the Iroquois Native Americans and the League of the Iroquois was the inspiration for our government by providing an example of a(n): A two level government, each with its own specific powers. 1.1 Mediation, a form of dispute resolution, has its roots in the laws of England...In the tenth century, England was divided into shires, and the day-to-da...