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Summary Bus 250 Mid-term exam review 2024

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Bus 250 Mid-term exam review 2024 This time limit within which a lawsuit must be filed is called the: ** Answ** statute of limitations. In private arbitrations: ** Answ** the two parties agree to arbitrate

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Bus 250 Mid-term exam review 2024


This time limit within which a lawsuit must be filed is called the: ** Answ**
statute of limitations.

In private arbitrations: ** Answ** the two parties agree to arbitrate.

Law ** Answ** a body of rules of action or conduct prescribed by controlling
authority and having binding legal force

Current state of law creates: ** Answ** duties, obligations, and rights that
reflect accepted views of a given society

Law can be written code prescribed by: ** Answ** elective legislative body

contract law ** Answ** law that refers to certain rules regarding agreements

Employment Law ** Answ** regulate certain rights of employees

jurisprudence ** Answ** science and philosophy of law; used to describe
various approaches to the appropriate function of law and how legal doctrines
should be developed and applied

Primary Purposes of Law: ** Answ** (1) system of order that defines crimes
and levies punishment for violations;
(2) resolving disputes
(3) business planning and commercial transactions reliable by promoting good
faith and fair dealing among merchants and consumers.

legal terms can be referred to as: ** Answ** jargon or legalese

litigator ** Answ** a trial attorney/lawyer

American law ** Answ** based on English common law

,constitutional law ** Answ** interpreting state and federal constitutions also
the foundation for all other law in the U.S. and is supreme law of land
-establishes a structure for federal and state governments
-grants certain enumerated powers to different branches
-allows shared powers
-establishes civil rights for individuals
provides protections for citizens against wrongful government actions
-different from other laws due to presence and preemption

Statutory Laws ** Answ** passed by federal and state legislature and then
either approved or rejected by the executive branch

bill ** Answ** drafted statute and hasn't been passed

Who is the executive legislative body for the passage of federal law? ** Answ**
U.S. Congress

On federal level passage of bill ** Answ** President can sign bill into law or
veto it; Congress can overpass with 2/3 majority vote

oridinance ** Answ** (local regulations) written laws at a local level

plain meaning rule ** Answ** principle that if the words in a statute have clear
and widely understood meanings, the court applies it

statutory scheme ** Answ** structure of a statute and the format of its
mandates

Administrative law ** Answ** source of law that authorizes the exercise of
authority by executive branch agencies and independent gov agencies

preemption ** Answ** primary sources of law are applied consistent with a
hierarchy in which one source if two sources conflict

, secondary sources ** Answ** sources of law that have no independent
authority or legally binding effect but can be used to illustrate a point or clarify a
legal issue

citation ** Answ** special format used by legal community to express where a
statute or case law con be found

civil laws ** Answ** designed to compensate parties for losses (damages) as a
result of another's conduct

criminal laws ** Answ** designed to protect society, and the violation of
criminal laws results in penalties to the violator such as fines or imprisonment

substantive laws ** Answ** provide individuals with rights and create certain
duties

procedural laws ** Answ** laws that provide a structure and set out rules for
pursuing substantive rights
Two Types: civil and criminal

fourth amendment ** Answ** protects citizens against unreasonable searches
and seizures, a substantive right of privacy specifies the procedural steps that must
be taken to override the substantive rights in question in order to obtain a search
warrant

Money Damages ** Answ** a court orders the wrongdoer to pay another party
a certain sum of money to compensate for any losses suffered as a result of the
wrongdoers conduct

equitable relief ** Answ** relief granted in the form of either specific
performances or an injunction when monetary damages are insufficient due to the
unique or irreversible consequences of the breach

precedent ** Answ** applying the law made in previous appellate court
opinions to concurrent cases with similar facts; binding on the trial courts

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