Business Law Ch1 Sec1
Terms
undefined, object
copy deck
- municipal
- relating to a city or town
- unconstitutional
- a law that is not agreeable with the constitution and is no longer valid
- statutes
- laws enacted by legislative bodies
- supremacy
- the highest authority: US Constitution has supremacy over state laws, state laws have supremacy over local laws
- allegiance
- loyalty to one's country
- stare decisis
- "Let the decision stand", another name for law of precedent or case law
- treason
- betrayal or disloyalty to one's country
- international law
- concerned with the conduct of nations in their relations with each other
- administrative law
- rules and procedures established by regulatory agencies
- consitution
- a document which spells out the principles by which a government runs and the fundamental laws that govern a society
- common law
- unwritten law that evolves from the sutoms and traditions of society
- ordinances
- laws enacted by local municipal governmental bodies
- law of precedent
- when a judge is required to follow an earlier court decision when deciding a case with similar circumstances, also called stare decisis
- judicial review
- the right established by Marbury vs. Madison for the court system to examine the decision of all branches of government
- law
- rules of conduct established by the government of a society to maintain stability and justice in that society
- civil disobedience
- an open peaceful violation of a law to protest its alleged injustice
- commercail law
- concerned with business transactions and the operation of business establishments
- expatriation
- the act of abandoning one's country and giving up citizenship