Nature of Law (Chapter 1)
The supreme law of the land in the United States.
What is the Constitution?
The power of a court to hear and decide a case
What is Jurisdiction?
Settling a dispute outside of court with a neutral third party who makes a binding decision.
What is Arbitration?)
The study of what is right and wrong in a business setting.
What are Business Ethics?
The first ten amendments to the Constitution.
What is the Bill of Rights?
Law based on current customs or court decisions
Judge-made law
The person who files a lawsuit to start a case.
Who is the Plaintiff?
A neutral third party helps the sides reach a non-binding agreement.
What is Mediation?
This "Rule" says you should treat others the way you want to be treated.
What is the Golden Rule?
This clause allows Congress to regulate business between states.
What is the Commerce Clause?
Laws enacted by legislative bodies like Congress or City Council.
What are Statutes
The highest court in the United States.
What is the Supreme Court
This is cheaper and faster than going to a full trial.
What is Alternative Dispute Resolution (ADR)?
Doing the right thing even when it is not required by law.
What is Social Responsibility?
The right to "Due Process" means the government must treat you...
What is Fairly?)
This principle means "let the decision stand" (following past cases).
What is Stare Decisis
A person being sued in a civil case.
Who is the Defendant?
The first step in a trial where the lawyer tells the jury the facts.
What is the Opening Statement?
A person who stands to gain or lose something from a company's actions.
Who is a Stakeholder?)
This branch of government makes the laws.
What is the Legislative Branch?
Rules made by government agencies like the EPA or the SEC.
What is Administrative Law?
The process where parties exchange information before a trial.
What is Discovery?
The final decision or "saying of the truth" by a jury.
What is the Verdict?
The conflict between making a profit and doing what is morally right.
What is an Ethical Dilemma?
This branch of government interprets the laws.
What is the Judicial Branch?