10 Business - Legal Studies

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Business

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57 Terms

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Laws
rules that all society are expected to abide by and are made and enforced by an authority
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Rules
Regulate people’s behaviour and differ from groups of people (not enforced by an authority)
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Legal precedent
The legal decision which sets a pattern for future similar cases. This leads to consistent outcomes for parties as they know how the law will be interpreted in the future
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Statutory interpretation
when judges interpret words in a law made by Parliament
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Common law
system of law based on the previous decisions of judges, or precedents
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Statute law
Laws made and passed by parliament
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Defendant
the party in a criminal or civil trial against whom an action has been brought
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Prosecutor
the party bringing a criminal action against the accused; usually the state
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Defence counsel
Aims to reduce the punishment for the defendant or prove they are not guilty
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plaintiff
the party that commences a civil action
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Adversarial system
System in which two opposing parties present their arguments to a magistrate or judge
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Balance of probabilities
The standard of proof in civil trials
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court
a place where people can resolve disputes relating to law
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Criminal law
law involving cases where the parliament has declared some action to be illegal
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magistrate
a court official who hears cases in the lowest court of law
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appeal
an application for a legal decision to be reviewed in a higher court
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arbitration
a method of resolving disputes whereby an impartial third party decides on a settlement arrangement that is then binding on the parties to the dispute
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bail
to release an accused person who is awaiting trial
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Beyond reasonable doubt
the standard of proof required in a criminal trial
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Capital punishment
the practice of putting an offender to death as punishment for a crime
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charge
a formal allegation that a person has committed an offence
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Civil law
deals with non-criminal matters involving disputes between individuals and organisations
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Codified
laws that have been collected and organised, usually in written form
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Committal hearing
a hearing in a Local Court to decide whether there is enough evidence to put a person on trial for an indictable (serious) offence
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conciliation
similar to mediation except the conciliator can suggest possible solutions
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constitution
a document that outlines the powers of the parliament
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Constitutional monarchy
form of government in which a non-elected monarch acts as the head of state. There are usually constitutional limits on their power
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contract
a legally binding agreement
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Customary law
comprehensive systems of governance in Aboriginal and Torres Strait Islander cultures, including ownership and custodianship, caring for Country/Place responsibilities, kinship, ceremonial duties, marriage and childcare, as well as sanctions and dispute resolution processes
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democracy
a system of government where political power lies with the people
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democratic
supporting democracy, or the system of government where supreme power is vested in the people and exercised directly by them or by their elected representatives under a free electoral system
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Double dissolution
a decision made by the head of state to dissolve both houses of parliament
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evidence
information presented that helps a court reach a decision in a case
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Federal parliament
the House of Representatives and the Senate
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Grievance procedures
A number of predetermined steps that are followed to resolve a dispute
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House of representatives
the lower house of Federal Parliament, sometimes called the people’s house
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Hung parliament
a situation where no political party has a majority of elected members in parliament
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Independent
A candidate or member of parliament who is not a member of a political party
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Indictable offence
a serious criminal offence
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Judge
a court official who has the power to make decisions on matters brought before a court of law
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Judiciary
the system of courts that interprets and applies the law in a country
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jury
a group of people (either 12 or six) selected to hear the evidence in a court case
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mediation
when a third party helps those involved in a dispute to negotiate a solution acceptable to both sides
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Minority government
a political party does not have a majority of overall seats in the parliament but they have still formed a government
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Negotiation
a method of resolving disputes where the parties involved discuss the issues in an attempt to reach a compromise
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Non-parole
a set period of time a prisoner must serve before they can be released on the promise of good behaviour
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oath
a promise (in the legal system, a promise to tell the truth as a witness)
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parole
to release a prisoner on the promise of good behaviour
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negligence
where a person fails to take reasonable care and, as a result, injures another person
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defamation
where a person injures another person’s reputation
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nuisance
where a person causes unreasonable interference with another person’s right to quiet enjoyment of their property
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trespass
where a person interferes with another person, or that person’s property rights.
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torts
Relates to wrongs against a person
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Contract law
Failure of a party in a contract to keep agreed obligation
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offer
A proposal
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Acceptance
when the offeree agrees to the proposal
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consideration
the giving up of something of value