Business Law Chapter 1

governmental body formed to carry out particular laws

ethical principles used in making business decisions

group of laws that governs business situations and transactions

made when an appellate court endorses a rule to be used in deciding
court cases

group of laws used to provide remedy for wrongs against individuals

laws grouped into an organized form

law based on current standards or customs of the people

form of ethical reasoning that evaluates the results of an action

document that sets forth the framework of the government and its relationship to the people it governs

law made when the fundamental, supreme law of the land is adopted,
amended, or interpreted

group of laws that defines and sets punishments for offenses against society

party complained against in a civil or criminal lawsuit

basic fairness

deciding what is right or wrong action in a reasoned, impartial manner

insurance policy that pays the employer money in the case of employees’
theft

idea that the same ethical standards apply to everyone

court order for a person to do or not do a particular act

doing what is right even under pressure to act otherwise

power of a court to decide a case

panel of citizens sworn by a court to decide issues of fact in court cases

enforceable rules of conduct in a society

legislation enacted by a town, city, or county board or commission

party that initiates a civil lawsuit by filing a complaint

law based on the dictates of a central political authority

group of laws that define the methods for enforcing legal rights and
duties

doctrine that requires lower courts to follow existing case law in deciding
similar cases

law enacted by state or federal legislatures

group of laws that define rights and duties

law that conflicts with a constitution and is therefore invalid

widely adopted uniform business law

mental test to identify irrational, illogical, or demeaning actions