Final Study Guide Flashcards

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1
Q

the four sources of Law in the US.

A

Constitutional Law, Statutory Law, Administrative Law, Case Law and Common Law Doctrines

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2
Q

the primary relationship components between law and business.

A

The Commerce Clause, Bill of RIghts, and Federal Statutes protecting privacy rights.

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3
Q

Stare Decisis

A

a doctrine where judges “stand on decided cases”—follow the rule of precedent—in deciding cases.

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4
Q

The origin of Common Law

A

based on the English legal system with the creation of the king’s courts and the development of a body of rules common to all regions of the country.

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5
Q

Constitutional Law

A

expressed in the U.S. Constitution and the various state constitutions.

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6
Q

Statutory Law

A

refers to laws or ordinances created by federal, state, and local legislatures and governing bodies.

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7
Q

Administrative Law

A

consists of the rules, orders, and decisions of federal or state government administrative agencies

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8
Q

Case Law

A

a body of judge-made law

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9
Q

Common Law

A

the doctrines and principles embodied in case law—governs all areas not covered by statutory law or administrative law

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10
Q

Civil Law

A

the rights and duties that exist between persons and between persons and government.

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11
Q

Criminal Law

A

concerns wrongs committed against society for which society demands redress.

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12
Q

What is the function of judicial review?

A

the judicial branch acts as a check on the executive and legislative branches of government

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13
Q

What Jurisdiction must a court have to hear a case?

A

The person against whom the suit is brought, or The property involved in the suit, or The subject matter

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14
Q

What are the characteristics of a trial court?

A

Courts of original jurisdiction
Legal actions are initiated
Trials are held and testimony taken

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15
Q

What are the characteristics of appellate courts?

A

Courts of appeals, or reviewing courts
Generally do not have original jurisdiction or conduct trials
Focus on a question of law, not facts

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16
Q

the Alternative Dispute Resolutions(ADR)

A

Negotiation
Mediation
Arbitration

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17
Q

Negotiation

A

the parties come together, with or without attorneys to represent them, and try to reach a settlement.

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18
Q

Mediation

A

the parties themselves reach an agreement with the help of a neutral third party, called a mediator.

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19
Q

Business Ethics

A

focuses on what is considered right or wrong behavior in the business world and on how businesspersons apply moral and ethical principles to situations that arise in the workplace.

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20
Q

What is the function of an internal code of conduct?

A

help employees and managers act ethically.

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21
Q

What is the main theme of utilitarianism?

A

Outcome-based, weighing the negative effects against the positive and deciding which course of action produces the better outcome.

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22
Q

What is the influence of leaders regarding adherence to ethical codes of conduct?

A

People look up to their leaders and ask the question of, “Is what you are planning on doing an action that one of your “heroes” would take?”

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23
Q

What is the “Triple Bottom Line?”

A

People, Planet, Profit/Prosperity

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24
Q

Tort Law

A

Through tort law, society tries to ensure that those who have suffered injuries as a result of the wrongful conduct of others receive compensation from the wrongdoers.

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25
Q

Main types of damages in Tort Law

A

Physical injury or interfere with physical security and freedom.
Destruction or damage to property.
Harm to intangible interests, such as personal privacy, family relations, reputation, and dignity.

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26
Q

The role of emotional distress in tort cases

A

to be actionable, the conduct must be so extreme and outrageous that it exceeds the bounds of decency, such as stalking accompanied by threats.

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27
Q

Slander

A

Oral Defamation

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28
Q

Defamation

A

wrongfully hurting a person’s good reputation.

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29
Q

Libel

A

written or another permanent form of defamation

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30
Q

What must be proven to show negligence?

A

Duty
Breach
Causation
Damages

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31
Q

Conversion

A

wrongfully taking or using the personal property of another without permission.

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32
Q

Intellectual Property

A

any property resulting from intellectual, creative processes, such as books, software, music, apps.

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33
Q

Trademark

A

a distinctive word, symbol, or design that identifies the manufacturer as the source of the goods and distinguishes its products and services from those made or sold by others.

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34
Q

Patent

A

a grant from the government that gives an inventor the exclusive right to make, use, and sell an invention for a period of twenty years (fourteen years for a design patent) from the date when the application for a patent is filed.

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35
Q

Copyright

A

an intangible property right granted by federal statute to the author or originator of certain literary or artistic productions.

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36
Q

Trade Secret

A

basically information of commercial value. It includes customer lists, plans, research and development, and pricing information.

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37
Q

The Lanham Act

A

Incorporates the common law of trademarks and provides remedies for owners of trademarks who wish to enforce their claims in federal court

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38
Q

Relationship between search engines, meta tags, and trademarks

A

Meta tags are keywords that sometimes use trademarks, Search engines use these keywords to compile results.

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39
Q

Digital Millenium Copyright Act

A

establishes civil and criminal penalties for anyone who bypasses encryption software or other antipiracy technologies.

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40
Q

Relationship between internal social media networks and trade secrets

A

Many companies form their own internal social media networks through which employees can exchange work-related messages, Companies with internal social media networks often keep the data on their own servers in secure “clouds.”

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41
Q

Liability of Internet Service Providers

A

Under the federal Communications Decency Act, ISPs generally are not liable for defamatory messages posted by their subscribers.

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42
Q

Cookies

A

invisible files that track a user’s Web browsing activities.

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43
Q

Cybersquatting

A

occurs when a person registers a domain name that is the same as, or confusingly similar to, the trademark of another and then offers to sell the domain name back to the trademark owner.

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44
Q

Civil Law

A

spells out the duties that exist between persons or between persons and their governments

45
Q

Criminal Law

A

has to do with crimes that are wrongs against society proclaimed in statutes and punishable by society through fines and/or imprisonment.

46
Q

Who is the party that brings the suit in civil law vs. Criminal Law?

A

Civil Law: Person who suffered harm
Criminal Law: The State

47
Q

What is the wrongful act in Civil Law vs. Criminal Law?

A

Civil Law: Causing harm to a person or a person’s property
Criminal Law: Violating a statute that prohibits some type of activity

48
Q

What is the Burden of Proof in Civil Law vs. Criminal Law?

A

Civil Law: Preponderance of Evidence
Criminal Law: Beyond a reasonable doubt

49
Q

What is the verdict in Civil Law vs. Criminal Law?

A

Civil Law: Three-Fourths Majority
Criminal Law: Unanimous

50
Q

Misdemeanors

A

less serious crimes punishable by fines or by confinement for up to one year.

51
Q

Felonies

A

serious crimes punishable by death or by imprisonment for more than one year.

52
Q

Fourth Amendment Protections

A

Provides protection against unreasonable searches and seizures and requires that probable cause exist before issuing a search warrant or an arrest.

53
Q

Fifth Amendment Protections

A

Requires due process of law, prohibits double jeopardy, and protects against self-incrimination.

54
Q

Sixth Amendment Protections

A

Guarantees a speedy trial, a trial by jury, a public trial, the right to confront witnesses, and the right to counsel.

55
Q

Eighth Amendment Protections

A

Prohibits excessive bail and fines, and cruel and unusual punishment.

56
Q

The Exclusionary Rule

A

Prohibits the introduction of all evidence obtained in violation of constitutional rights or any evidence derived from the illegally obtained evidence.

57
Q

The Miranda Rule

A

individuals who are arrested must be informed of certain constitutional rights, including their right to counsel.

58
Q

Cyber Crime

A

any criminal activity occurring on the Internet.

59
Q

Challenges in Cyber Space Prosecution

A

Cause laws written to protect physical property to be difficult to apply in cyberspace

60
Q

Elements of a contract

A

Agreement, Consideration, Contractual Capacity, Legality

61
Q

What could make a valid contract unenforceable?

A

a contract may be unenforceable if it lacks voluntary consent or is not in the required legal form.

62
Q

Express vs. Implied

A

Express is explicitly stated in words, whereas, Implied is formed by the conduct of the parties

63
Q

Bilateral Contract

A

A promise for a promise

64
Q

Unilateral Contract

A

A promise for a performance

65
Q

Formal Contract

A

Requires a special form for contract formation

66
Q

Informal Contract

A

Requires no special form for contract formation

67
Q

Valid Contract

A

A contract that has the four elements necessary for contract formation

68
Q

Voidable Contract

A

A contract in which a party has the option of avoiding or enforcing the contractual obligation

69
Q

Quasi Contracts

A

Implied in law

70
Q

Plain meaning rule

A

If a court determines that the terms of a contract are clear from the written document alone, the contract will be enforced according to what it clearly states.

71
Q

Agreement

A

both parties must agree to the terms of a contract, consists of an offer and an acceptance

72
Q

Elements of an Effective Offer

A

Must be a serious and objective intention, the terms of the offer must be definite, and it must be communicated

73
Q

Irrevocable offers

A

Offeree changed position because of justifiable reliance on the offer and “Firm offers” made by merchants

74
Q

Highlights of the Uniform Electronic Transactions Act (UETA)

A

Attribution
Authorized signatures
The effect of errors
Timing

75
Q

What elements may cause a court to question the adequacy of consideration?

A

fraud, undue influence, or duress

76
Q

Promissory Estoppel

A

when a promisor expects a promise and the promisee does not act on it.

77
Q

Contractual Capacity

A

the legal ability to enter into a contractual relationship.

78
Q

Elements to establish fraud

A

A misrepresentation of a material fact must occur.
There must be an intent to deceive.
The innocent party must justifiably rely on the misrepresentation.

79
Q

Undue Influence

A

The party being taken advantage of does not exercise free will in entering into a contract.

80
Q

Duress

A

The use of threats to force a party to enter into a contract

81
Q

Statute of Fraud

A

refers to the state statutes designed to prevent fraud by requiring that certain types of contracts be in writing or be evidenced by a written memorandum or electronic record.

82
Q

The One-Year Rule

A

Contracts that cannot by their terms be performed within one year must be in writing to be enforceable.

83
Q

Collateral Promise

A

made by a third party to assume the debts or obligations of a primary party to a contract if that party does not perform.

84
Q

What constitutes a writing?

A

A signed written or electronic memorandum
A confirmation, invoice, sales slip, check, fax, or e-mail

85
Q

Uniform Commercial Code (UCC)

A

makes the laws governing sales and lease contracts uniform, clear, simple, and applicable to numerous difficulties that can arise during such transactions.

86
Q

Article 2

A

Governs sales contracts

87
Q

Article 2A

A

Governs contracts for the lease of goods

88
Q

Unconscionable Contract

A

so unfair and one-sided that it would be unreasonable to enforce it.

89
Q

Risk of Loss

A

Refers to who suffers financial loss if goods are damaged, destroyed, or lost in transit.

90
Q

Employment at will

A

allows either the employer or the employee to end the relationship at any time and for any reason.

91
Q

What are the exceptions to employment at will?

A

Contract theory, Tort theory, Public Policy, and Whistleblower protection

92
Q

Child Labor Laws

A

-Children under 14 are allowed to do certain types of work, such as deliver newspapers or work for their parents.
-Children aged 14-17 can work, but not in jobs that could hurt their health or well-being.

93
Q

Minimum wage requirement

A

An employee is entitled to the higher of the two if the if state minimum wage is higher than the federal.

94
Q

Overtime

A

employees who work more than a 40-hour week must be paid 1.5 times their regular pay for all hours over 40.

95
Q

The Occupational Safety and Health Act

A

Requires employers to meet specific safety and health standards

96
Q

Disparate-treatment discrimination

A

intentional discrimination by an employer against an employee.

97
Q

Disparate-impact discrimination

A

occurs when an employer’s practices, procedures, or tests adversely affect a protected group of people.

98
Q

Sole Proprietorship

A

The simplest form of business organization.
Pros- No government documents, receives all profits, all business decisions, only personal income taxes
Cons- Unlimited liability, the owner is personally liable for all business debt, when the owner dies the business dies.

99
Q

Partnerships

A

created by a voluntary agreement of the parties, who have an ownership interest in the business.
Pros- Additional Expertise, shared liability, no taxes
Cons- Potential conflict, splitting profits, future selling complications

100
Q

Limited Liability Corporations

A

Usually formed by professional partners in a general partnership.
Pros- limited personal liability, taxed as a partnership or corporation, flexibility
Cons- LLC Statutes are not uniform, different treatment by state

101
Q

Liability

A

Being responsible for something

102
Q

Taxes

A

contribution to state revenue

103
Q

State Law

A

all laws, decisions, rules, regulations, or other State actions having the effect of the law, of any State

104
Q

Dissolution

A

The termination of a partnership

105
Q

What state jurisdictions are LLCs and corporations subject to?

A

Articles of organization must be filed with the appropriate state office with the name of the business, its principal address, the names of the owners, and other relevant information.

106
Q

Function of bylaws

A

most often used in companies to determine the rights and obligations of employees and organizations in a corporate body

107
Q

Function of the Board of Directors

A

The board of directors hires corporate officers and other employees

108
Q

Consolidation

A

the legal combination of two or more corporations

109
Q

Dissolution (CH 24)

A

the legal death of the artificial “person” of the corporation. It can be voluntary or involuntary