Business Law Ch 1 & 2 Vocab

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law

Back 1

enforceable rules of conduct in a society, typically reflect the culture and circumstances that create them

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code

Back 2

laws that are grouped into an organized form

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common law

Back 3

law based on the current stndards or customs of the people

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positive law

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law dictated from above, laws put in place by authorities

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jurisdiction

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the power to decide a case

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equity

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fairness

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sovereign

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a powerful person who doesnt have to answer to anyone

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english common law

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49 states use this

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roman civil law

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louisianna is the only state that uses this

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injunction

Back 10

stope something from being done

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constitution

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a document that sets forth the framework of a government and its relationship to the people it governs

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statutes

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laws that are enacted by state and federal legislatures

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ordinances

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pieces of legislation by a city or town council or county board or commission

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case law

Back 14

the judicial branch of governments creates this, made after a trial has ended and one of the parties has appealed the result to a higher court

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criminal laq

Back 15

when the citizens right to live in peace is violated by crimes the government uses

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civil law

Back 16

the group of laws that allows individuals to seek legal remedies for wrong done to them

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administrative agencies

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governmental bodies formed to carry out certain laws

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allocate

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to distribute

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procedural law

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sets forth how rights and responsibilites can be legally exercised and enforced through the legal system

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substantive law

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defines rights and duties

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business law

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covers rules that apply to business situations and transactions

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criminal procedure

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defines the process for enforcing the law when someone is charged with a crime

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civil procedure

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used to achieve the same when a civil law is committed or violated, only private offenses

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tort

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private or civil wrong for which law grants a remedy, private wrongs against people or organizations

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ethics

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a collection of standards of conduct and moral judgement forming the basis for a reason as to whos right and whos wrong

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civil disobedience

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an open peaceful violation of a law to protest its alleged or supposed injustice

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business ethics

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the ethical principles used in making business decisions

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utalitarianism

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an ethical system that reflects the work of philosophers Bentham and Mill that evaluates the moral worth of a proposed action forecasting the consequences of that action and alternatives to it

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kantian ethics

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human reasoning also can show what is basically wrong or right

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consequence based reasoning

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based on what you did to determine the consequence

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fidelity bond

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an insurance policy that pays the employeer money in the case of theft by employees

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scofflaws

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individuals who do not obey minor laws

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integrity

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the capacity to do what is right in the face of temptation

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rule based reasoning

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wrong actions are not condoned even if there are good outcomes

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ethics

Back 35

a collection of standards of conduct and moral judgement forming the basis for a reasoned, impartial decision as to what is right and wrong

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civil disobedience

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peaceful violation of a civil law

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declaration of independence

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july 4 1776, met at the second continental congress in philidelphia, drafted by thomas jefferson

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articles of confederation

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the 13 former colonies that used to have independent governments came together in 1781

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US constitution

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made to fix the problems with the articles of confederation in 1787 was ratified in 1788 by 9 out of the 13 colonies

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bill of rights

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the first 10 amendments

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civil rights

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a shield for personal natural rights of the individual freedom of speech press and assembly

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poll tax

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required each citizen to pay a specific amount to be elegible to vote

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right of privacy

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not included in the constitution, peripheral right

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system of checks and balances

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creates a balance of power among the executive, legislative, and judicial branches of government

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impeachment cases

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criminal proceeding against a government official for misconduct in officeq

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political party

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a private organization of citizens who select and promote canditates for election to public office

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amendment

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a change or modification, a change in the constitution

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democracy

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every adult citizen may vote on all isues

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republic

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the US is this, representative democracy, voters select representatives to the 3 branches of government

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sovereignty

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supreme political authority free from external control

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interstate commerce

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trade between other states and foreign trade

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intrastate commerce

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trade within a state's own boundaries

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cyberlaw

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law that governs the use of computers in e-commerce and the internet

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hyper text

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nonlinear format for the publishing of info used to send emails, transfer data and create chat rooms

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browser

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a scanning program that allows immediate access to any and all subjects in the background information necessary to comprehend them