Business Law Unit 1

Law
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Terms in this set (17)
Law
collection of rules or principles that limit and direct human behavior
Key functions of laws include
improving social stability by influencing behavior, conflict resolution, and improving social stability and change
Sources of Law include
constitutions, legislatures, administrative agencies, judiciary, executive, and international sources
Statutues
The written laws approved by legislatures
public law
legal relationships between members of society and the government
private law
legal relationships among members of society
criminal requirement for guilt
beyond reasonable doubt
civil requirement for guilt
preponderance of the evidence
substatntive
defines legal rights and regulates behavior
procedural
how legal matters are processed through the court system and how it it enforced
ethicsrules or standards governing conduct of members of a professionjudicial immunityofficial or judge who performs regulatory duties is absolutely immune from suit for damages for judicial actsjurisdictionpower of court to take lawsuit at its beginning, try it, and pass judgment upon the law and factsen banclegal proceedings before or by the court as a whole rather than by single judge or panel of judgesfederal exclusive jurisdiction includesfederal crimes, bankruptcy, and patentsState Exclusive Jurisdiction includesdivource and adoptionsupremacy of federal lawstate jurisdiction cannot infringe on federal jurisdiction