Business Law and Society
Study Guide
Ms. Bridget Lavender
August 14, 2015
1. Civil Disobedience- an open peaceful, violation of law to protest its alleged, or
supposed, injustice.
2. Scofflaws- Unethical, lawbreaking behavior. These people do not respect the law at all
3. Ethics- a practice of deciding what is right or wrong in a reasoned, impartial manner.
4. Stare decisis- let the decision stand. It requires the lower courts must follow established
case law in deciding similar cases.
5. Ordinance- pieces of legislation created by a town or city council or by a county board
or commission.
6. Constitution- a document that sets forth the framework of a government and its
relationship to the people it governs.
7. Equity- fairness
8. King Hammurabi- he set law codes and placed law into sections such as: criminal law,
property law, business law, family law, personal injury law, labor laws and other.
9. Administrative agencies- governmental bodies formed to carry out particular laws.
10. Civil law- the group of laws that allows individuals to seek legal remedies for wrongs
done to them.
11. Torts- Private wrongs against people or organizations
12. Crime- an offense against society rather than individuals
13. Procedural law- sets forth how rights and responsibilities can be legally exercised and
enforced through the legal system.
14. Substantive law- Rights and duties. It is concerned with all rules of conduct except those
involved in enforcement.
15. There are 2 types of procedural law: civil procedure and criminal procedure
16. Fidelity bond- an insurance policy that pays the employer money in the case of theft by
employees.
17. Business law- covers rules that apply to business situations and transaction.