CAdams-Young-Assignment-Unit1

CAdams-Young-Assignment-Unit1 - manner. Once precedent is...

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Unit 1 Assignment LS311: Business Law I Prof: Nivea Castro-Figueroa June 10, 2011 Common Law: Common law was derived from the English system of law that began setting precedent. At the time of formation in England, common law was largely unwritten. Is is the direct opposite of statutory law. It was mainly developed through the opinions of judges and others involved with the law, and was not, at the time, a studied or researched and written law. Common law eventually came to the United States, and formed the basis of our legal system. Jurisdiction:
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Jurisdiction refers to the ability to make legal decisions, or impose legal actions, within a certain geographical or other boundary. Jurisdictions are oftentimes cities, counties, states, or other territories with specific boundaries. Precedent: When precedent is set, a judge decides on a case and that outcome is used as a guide for future cases that incorporate the same legal elements. The second case containing the same elements would be decided similar to the first case, and all subsequent cases would be decided in the same
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Unformatted text preview: manner. Once precedent is set, other cases do not stray from the outcome. All of the outcomes in the cases that are similar are decided the same, based on the same legal grounds. Statute: A statute is the opposite of Common Law. A statute is a written law that is researched and passed by a legislative body, and put into effect into the legal system. Remedy: A remedy in the legal area is also commonly referred to as judicial relief. A remedy is part of the judgment or decision that the court renders. The remedy involves the resolving actions of the court, and generally includes the sentence, fines, and other court-imposed consequences to remedy the wrong that has been committed. References http://definitions.uslegal.com/c/common-law/ http://www.lectlaw.com/def/c070.htm http://www.businessdictionary.com/definition/jurisdiction.html http://www.investorwords.com/2687/jurisdiction.html http://www.catea.gatech.edu/grade/legal/juris.html...
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CAdams-Young-Assignment-Unit1 - manner. Once precedent is...

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