Business Law Terms

Running Head: UNIT 1 ASSIGNMENT building block 1 Assignment: Important Terms in romp Law Katina Hammond Business Law I-3 LS311 March 26, 2012 1. Common police is comprised of a ashes of general rules of England and the Ameri burn colonies, dated onwards the Ameri keep Revolution. employ in every state in the kernel States, with the expulsion of Louisiana, the common law system subjects all citizens, no matter of target in the government, to the same rules. 2. Jurisdiction is the authority of a courtroom over a certain ara. Certain cases can lone(prenominal) be heard by certain courts. For example, a issue official official case should be heard in a federal court, as opposed to a city, county, or state court. 3. Precedents ar decisions of cases that ease up previously come before the court. These previous cases, when close, or similar, to the facts of a current case, provide a guide in resolving the case. Preceden ts also give an somebody an idea of his or her rights or obligations regarding certain issues. 4. Statutes are laws that have been passed by legislature, whether federal, state, city, or county. Federal commands apply to all states, small-arm state statutes are state circumstantial, applying only to the area at heart the borders of the state.

A federal statute must not dishonour the Constitution of the United States, while a state statute must not violate the Constitutions of the United States or the specific state. 5. Remedy can be described as a way to yield a victim for the violation of his or her rights. Damages and restoration are two types of save. ! While indemnification compensate a victim for some(prenominal) harm suffered, restitution lead make the victim to a position before his or her rights were violated. Simply, remedy is a way to gain justice in any case in which ones heavy rights are involved. References Black, H. (1990). Blacks Law Dictionary. St. Paul, MN: west publication Co. Pages 276, 853, 1176, 1294, 1410. Common Law (2012)....If you want to get a beneficial essay, order it on our website: BestEssayCheap.com

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