Business Law ch1
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Created by:
greatUsername on September 13, 2010
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14 terms
Terms | Definitions |
|---|---|
 morality | values that govern a society's attitude towards right and wrong |
| ethics | the means for determining what a society's values ought to be |
| honesty | character trait of a person who is open and truthful in dealings with others |
| compassion | trait displayed when a person is sympathetic to the difficulties of others |
| justice | the trait of treating others fairly and equally |
| integrity | the trait of willing to do the right thing, regardless of personal consequences |
| law | the system of rules of conduct established by the government of a society to maintatin stability and justice |
| constitution | document that spells out the principles by which a government operates |
| common law | decisions of early courts in England based on customs (based entirely on custom) |
| precedent | the requirement that a judge follow an earlier court decision when deciding a similar case |
| statutes | laws passed by a governing body created for the purpose of making laws |
| legislature | body of lawmakers |
| unconstitutional | any statute that goes against the constitution |
| administrative law | rules and procedures established by regulatory agencies |
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