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Business Law - Legal System Matching Terms

Match the correct words with their meaning.

AB
lawRules of conduct established y the government of a society to maintain stability and justice in that society
Law of precedentWhen a judge is required to follow an earlier court decision when deciding a case with similar circumstances, also called stare decisis
Common lawUnwritten law that evolves from the customs and traditions of society
Administrative lawRules and procedures established by regulatory agencies
StatuteLaws enacted by legislative bodies
Judicial reviewThe right established by Marbury vs. Madison for the court system to examine the decision of a lower court, the executive branch, or the legislative branch
Ethicsdeciding what is a right or wrong action in a reasoned, impartial manner
Judgmentcourt’s determination or decision in a case
Plaintiffthe person issuing the complaint
Verdictdecision of the jury
The Greatest Good PrincipleThe idea is that must people will base their opinion of ethics based on how a certain situation affects the greatest amount of people
Consequential ReasoningTakes a look at the consequences of the action before making a decision on what way to act; if I do this, this could happen
The Golden RuleDo unto others as you would have them do unto you; putting yourself in the other person’s position


CTE Business Teacher
Parkland Magnet HS

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