Exam3-Final-A Flashcards
Judiciary
branch of government chosen to oversee the legal system through a system of courts.
business law
the rules and regulartions that provide a legal framework for the conduct of business that are enforced by the courts.
statutory law
written law.state and federal constitutions
common law
unwritten law
-laws that comes from descions handed down by courts
Precedent
decisions judges have made in earlier cases taht guide the handling of new cases
tort law
wrongful act that cause injurt to another person
negligence
behavior that causes unintentional harm
product liability
holds business liable for harm that results from the production of products
strict product liability
legal responsibility for harm or injury caused by a prodcut regardless of fault
criminal law
defines crimes, establishes punishments, and regualtes the investigation and prosecution of people.
civil law
proceedings over non criminal acts.
patent
gives inventors exclusive rights to their inventions for 20 years
copyright
protects a creators rights to materials.
deregulation
governement withdrawal of certain laws and regualtions that hinder competion