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Business Law Chapters 1-6 Vocabulary

AB
common lawlaws based on current standards of society
lawsenforceable rules of society
codelaws grouped into an organized form
jurisdictionthe power to decide a case
equitybasic fairness
constitutional lawwhen constitutions are amended
statuteslaws enacted by legislatures
ordinancelaws enacted by local agencies
procedural lawdeals with methods of enforcing legal rights and duties
stare decisislower courts must follow established case law
ethicsdeciding what is right and wrong in a reasoned, impartial manner
impartialityidea that the same ethical standards apply to everyone
fundamental ethical ruleswhen acts themselves are judged as right or wrong
universalizingimagining that everyone in the world is doing the same action
majority rulewhen the elected representataives must vote for laws that represent the majority of the people that they represent
civil rightspersonal, human rights guaranteed by the constitution
integritycapacity to do what is right even in the face of temptation or pressure to do otherwise
scofflawspeople who do not respect the law
due process of lawfundamental fairness in compliance with reasonable and just laws
political partya private organization of citizens who select and promote candidates for election to public office
sovereigntyfreedom from external control
amendmentchange
democracyall people vote on all issues
republicrepresentatives are selected to vote for the people
litigateto take a dispute to court
mediationa nonbinding method of working out problems
arbitrationan informal hearing to listen to two sides, and the decision is binding
original jurisdictionthe first court to hear a case
appellate courtreviews decisions made by lower courts
transcriptverbatim record of what went on at trial
writ of certiorarian order of the Supreme Court to review a case
justicetitle given to judges who sit at Supreme Court level
vicarious criminal liabilitywhen officers are held responsible for employee crimes
antitrust lawslaw that says companies cannot divide sales regions or fix prices
briberyunlawfully offering a person of authority something of value to persuade a decision
extortionthreatening to expose a secret if a deal is not agreed to
immunityfreedom from prosecution even when one is guilty
defenseallows a defendant to escape liability
plea bargainingaccepting a lower charge in exchange for helping the prosecution
torta private or civil wrong
batteryshooting, pushing, touching, spitting
defamationfalse statements about people that injure a reputation
libelprinted or written defamation
slanderspoken defamation
negligencemost common tort for which intent is not required
strict liabilityliability that exists even though the defendant was not guilty
damagesmonetary awards given to a plaintiff to punish a defendant
evidenceanything that the judge allows to be presented to the jury
testimonystatements made by witnesses
subpoenawritten order by the judge commanding a witness to appear in court to give testimony
judgmentthe final result of a trial
white collar crimescrimes that generally do not involve force or violence
infractionsminor offenses that only result in fines
misdemeanorpunishable offenses of less than $1,000 or less than 1 year in prison
felonymajor crimes punishable by more than one year in prison or more than $1,000

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