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Business Law Unit One

A review of important terms from Chapters 1-5 in Business Law.

AB
stare decisispractice of judges following decisions made in earlier cases
common lawthe body of law that came from English courts
equitywhen money cannot compensate for an injury this is used
specific performancewhen a court orders someone to turn over property to another person
case lawlaws determined by court cases
statute lawman-made law
Supreme Courtthe highest court in our national judicial system
Court of Appealsthe highest court in the New York State judicial system
felonya crime punishable by a year or more in jail
larcenythe crime of stealing
theft of servicesan example would be stealing cable service and not paying for it
arsonintentionally setting fire to property
robberystealing from someone using force
burglarybreaking into someone's property with the intent to commit a crime
embezzlementtaking money or personal property that was entrusted to you by another person
forgeryfalsely making or altering a document to deceive others for your own gain
extortionblackmail
probable causepolice need this to make an arrest or to get a search warrant
Miranda warningsthe police must read these to those that they arrest
indictmentissued by a grand jury this is a formal accuses someone of commiting a crime
arraignmentwhen the accused is brought before a court and charged with a crime
assaultto threaten someone with bodily injury
batteryto physically make contact someone and cause an injury
trespassto enter someone's property without permission
conversionwrongfully exercising control or ownership over property that belongs to another
nuisanceusing one's property unreasonable and causing discomfort to others
false imprisonmentholding someone against their will and without cause
defamationfalse oral or written statements that injure someone's character
tortan injury that an individual causes to another person
crimean injury that harms or threatens society
malpracticewhen a professional person acts improperly in performing their duties
compensatory damagesreimburse victims for their actual losses
punitive damagesserve to punish a wrongdoer in a civil case
contributory negligencewhen someone contributes to their injury through their actions
plaintiffthe person injured in a lawsuit
defendantthe person accused of causing an injury
summonsa written notice given to someone being sued
subpoenaa court order to someone to appear as a witness
petit jurya trial jury of 6 to 12 jurors
grand jurytheir job is to issue indictments
juvenile deliquentsomeone under age charged with a crime
minorthose under 18 in New York State
age of majoritythe age at which one is considered an adult
Fair Labor Standards Actset restrictions on the employment of minors
emancipatedwhen a minor is no longer under parental control
reasonable suspicionwhat school officials need to do a search
PINSwhen this is filed it could lead to the removal of a minor from their home
slandera spoken defamation
libela written defamation

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