OCC Business Law Chapter 1 Terms
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likeitsidewayz Plus on March 7, 2012
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16 terms
Terms | Definitions |
|---|---|
 Administrative Law | The body of law created by administrative agencies ( in the form of rules, regulations, orders, and decisions) in order to carry out their duties and responsibilities. |
| Breach | The failure to perform a legal obligation. |
| Citation | A reference to a publication in which legal authority - such as a statute or a court decision - or other source can be found. |
| Civil Law | The branch of law dealing with the definition and enforcement of all private or public rights, as opposed to criminal matters. |
| Common Law | The body of law developed from custom or judicial decisions in English and U.S. courts, not attributable to a legislature. |
| Constitutional Law | The body of law delivered from the U.S. Constitution and the constitutions of the various states. |
| Criminal Law | Law that defines and governs actions that constitute crimes. Generally, criminal law has to do wrongful actions committed against society for which society demands redress. |
| Defendant | One against whom a lawsuit is brought; the accused person in a criminal proceeding. |
| Jurisprudence | The science or philosophy of law. |
| Ordinance | A regulation enacted by a city or county legislative body that becomes part of the state's statutory law. |
| Plaintiff | One who initiates a lawsuit. |
| Precedent | A court decision that furnishes an example of authority for deciding subsequent cases involving identical or similar facts. |
| Remedy | The relief given to an innocent party to enforce a right or compensate for the violation of a right. |
| Stare Decisis | A common law doctrine under which judges are obligated to follow the precedents established in prior decisions. |
| Statute of Limitations | A federal or state statute setting the maximum time period during which a certain action can be brought or certain rights enforced. |
| Statutory Law | Body of law enacted by legislative bodies (as opposed to constitutional law, administrative law, or case law. |
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