SondraStark_Unit1Assignment_MT311-07

SondraStark_Unit1Assignment_MT311-07 - or cases and...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Sondra (Stark) Caudill Business Law I Professor Mark Skipper Kaplan University March 24, 2010 1. Common Law Common law is described as a body of law that is developed from judicial decisions in US courts and is not a part of a governing body. It originated in England with the king’s courts and developed a set of rules that were common throughout the land. (Fundamentals of Business Law, pg 6-9, G-4) 2. Jurisdiction
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Jurisdiction is defined as an area in which a court has the ability to apply the law. In other words, it means that a court has a right, or an authority to decide a case and utilize the laws. (Fundamentals of Business Law, pg 6, G-11) 3. Precedent Precedent is the practice of deciding new cases with reference to former decisions
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: or cases, and eventually become a part of the US judicial system. This forms a doctrine which is known as stare decisis or “to stand on decided cases). (Fundamentals of Business Law, pg 6) 4. Statute Statutes are laws, rules, ordinances, and orders that are passed by municipal, county, state, and federal governments. (Fundamentals of Business Law, pg 4) 5. Remedy Remedy, in a court of law, is a term used to describe what a party may do to enforce a right or to be compensated for violations of rights. The plaintiff is able to request both legal and equitable remedies in the same case. This means that the plaintiff is entitled to property, money, and even land. (Fundamentals of Business Law, pg 6-7)...
View Full Document

This document was uploaded on 05/06/2011.

Page1 / 2

SondraStark_Unit1Assignment_MT311-07 - or cases and...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online