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BL 1.01 Vocabulary Review

Business Law 1.01 Vocabulary

AB
Administrative LawRules & procedures established by regulatory agencies
AllegianceLoyalty to one's own country
Civil DisobedienceAn open peaceful violation of a law to protest its alleged injustice
Commercial LawConcerned with business transactions and the operation of business establishments
Common LawUnwritten law that evolves from the customs and traditions of society
ConstitutionA document which spells out the principles by which a government runs and the fundamental laws that govern the society
ExpatriationThe act of abandoning one's country and giving up citizenship
International LawConcerned with the conduct of nations in their relations with each other
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
LawRules of conduct established by the government of a society to maintain stablity and justice in a society
Law of PrecedentWhen a judge is required to follow an earlier court decision when decising a case with similar circumstances, called stare decisis
MunicipalRelating to a city or town
OrdinancesLaws enacted by local municipal governmental bodies
Stare Decisis"Let the decision stand" or another name for law of precedent or case law
StatutesLaws enacted by legislative bodies
SupremacyThe highest authority
TreasonBetrayal or disloyalty to one's country
UnconstitutionalA law that is not agreeable with the constitution and is no longer valid


Business Teacher
Holly Springs High School
Holly Springs, NC

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