Dynamic Business Law Exam Review

This set of flashcards covers foundational concepts in dynamic business law, including definitions, classifications, sources of law, jurisdiction types, and critical constitutional amendments.

What is the definition of law?

A body of enforceable rules governing relationships among individuals and between individuals and their society.

What are enforceable rules of conduct in business called?

Business Law.

What does civil law lay out?

The rights and responsibilities implied in relationships between persons and between persons and their government.

What is the consequence for violating a civil law?

A remedy to the injured party to compensate that party for the injury.

What does criminal law regulate?

Situations in which someone commits an act against the public as a whole.

What is a dual consequence of violations in both civil and criminal law?

The same behavior might give rise to both civil and criminal violations.

What are cyber laws?

Laws that regulate activities conducted online.

What are the primary sources of business law in the U.S.?

Constitutions, Statutes, Cases, Administrative Law, Executive Orders.

What does the Supremacy Clause state?

All laws and treaties of the United States constitute the supreme law of the land.

What is the primary jurisdiction of a trial court?

Original jurisdiction.

What is the difference between original and appellate jurisdiction?

Original jurisdiction is the power to initially hear and decide a case, while appellate jurisdiction is the power to review a decision made by a trial court.

What is personal jurisdiction?

The power of a court to exercise authority over a party in a legal case.

What is subject matter jurisdiction?

The authority of a court to hear cases of a particular type or cases relating to a specific subject matter.

What establishes the enforceability of administrative rules?

The enabling legislation passed by Congress.

What types of protection does the Bill of Rights provide?

It protects individuals' rights from government interference.

What is the significance of the 10th Amendment?

Powers not specifically given to the federal government are reserved to the states or the people.

How does the Equal Protection Clause function?

It prevents states from denying equal protection of the laws to any citizen.