Bus Law - Final

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Business

12th

29 Terms

1

doctrine of Stare Decisis

doctrine that requires lower courts to follow existing case law in deciding similar cases

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2

due process of law

constitutional requirement for fundamental fairness in legal/court systems; must be provided adequate notice and a proper hearing

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3

legal rights

benefit you’re entitled to by the law; a claim recognized and delimited by law for the purpose of securing it

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4

legal duties

an obligation arising out of contract or law

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5

specific performance

remedy for breach of contract the orders the breaching party to do exactly what was required under the contract

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6

civil law

group of laws used to provide remedy for wrongs against individuals

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7

criminal law

group of laws that defines and sets punishments for offenses against society

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8

civil case

plaintiff, seek money, preponderance of evidence, not always a jury, majority rule, liable/non liable

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9

criminal case

prosecutor, seek punishment, burden of proof, availability of a jury always, unanimous vote, guilty/not guilty

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10

arbitration

listen to both parties sides then make legally-binding decision/solution

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11

mediation

try to keep both sides talking to come up with solutions/agreements

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12

elements of a tort

  1. duty

  2. breach of duty

  3. injury

  4. causation

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13

negligence

doing something or not doing something that a reasonable prudent would or would not do under similar circumstances

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14

contributory negligence

if the plaintiff is even 1% at fault, they get nothing

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15

comparative negligence

the award is reduced by the percent of the plaintiff’s fault

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16

50/50 rule

if the plaintiff is more than 50% at fault they get nothing

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17

vicarious liability

responsibility of someone else’s torts

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18

lottery

  1. pay to play

  2. win by chance/luck

  3. prize awarded

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19

capacity

the ability to understand consequences of a contract

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20

offer

a proposed statement

requirements:

  1. intent

  2. complete and clear

  3. communicated to the offeree

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21

acceptance

in effect once posted/sent

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22

consideration

promise, performance, or forbearance bargained by a promisor in exchange for their promise; consideration is the main element of a contract, without consideration by both parties, a contract cannot be enforceable

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23

revocation

in effect once received/seen

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24

duress

occurs when one party uses an improper threat or act to obtain an expression of agreement

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25

undue influence

occurs when one party to a contract is in a position of trust and wrongfully dominates the other party

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26

ratification

approve or enact a legally binding act that would not otherwise be binding in the absence of such approval

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27

disaffirmance

the right for one party to renounce a contract; refusal to be bound by a previous legal agreement

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28

injunction

court order to do or not to do something

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29

FINAL CASE

negligence!!

comparative negligence

50/50 rule

reasonable person test (RPT)

foreseeable action

assumption of risk

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