SondraStark_Unit1Assignment_MT311-07 - or cases and...

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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
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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
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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)...
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SondraStark_Unit1Assignment_MT311-07 - or cases and...

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