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1.2 Business Law Word List- Sources of Law

AB
US ConstitutionIn our country, this is the most fundamental law.
Common LawDecisions of the early law courts developed in England, based on customs.
PrecedentWhen judges refer to past cases when making their decisions.
StatutesLaws passed by a governing body that has been created for the purpose of making laws.
legislatureA body of lawmakers that has the job of creating statutory law under the powers given to the federal government.
UnconstitutionalThe Supreme Court can declare any law that goes against the constitution to be this
State statutesLaws made by governing bodies within a state.
Court decisionsCourts make laws through common law tradition, interpreting statutes and judicial review
Administrative LawThose rules and procedures established by regulatory agencies.


Business Education
Tolland High School
CT

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