Name __________________________________
Business Law
Chapter 1 Day 4 Notes & Vocab
Federal Statutes
Federal statutes are _________ passed by the US Congress and signed by the
___________________. They are based on the __________________ given to the
_________________ government by Article ______ of the Constitution. They include
such things as the power to ___________, _________, regulate _______________,
declare ________, borrow _____________, and set up federal _______________.
Statutes passed by ________________ generally regulate matters that concern the
_____________ as a whole. Like state statutes, _________________ statutes must be in
line with the US Constitution.
Court Decisions
Most people are surprised to learn that courts make ________. Court-made law is often
called _________ law, court _______________, and __________-made law. Courts
make law through the ______________ law tradition, by interpreting ______________,
and by _________________ review.
Decisions made by the _________________ court of any state become the law of that
state and must be ________________ by other courts in that state thereafter. In general,
if not altered by _______________, these ________________ will continue to rule.
However, it is possible for the _________________ court of a state to change a line of
___________________.
A second type of __________________ decision making involves
_____________________ statutes. When a statute appears to be __________________,
__________________, or unclear someone must figure out what the statute means. The
job of interpreting statutes falls on the ______________. Judges cannot interpret a
statute, however, unless that statute is involved in a _______________ between two
______________ in a lawsuit before that judge.
The courts can also ____________ whether laws and other government activities are in
________ with the Constitution. If any law or action by a government institution
_______________ the Constitution, a court can ____________ that law or action
_______________________, that is making it no longer ____________. The
Name __________________________________
Business Law
_______________ Court of the US is the final authority regarding the constitutionality of
all _________ and government ______________.
Administrative Regulations
Federal, state, and ____________ legislatures sometimes find it desirable to
________________ certain kinds of activities in the public interest. Legislatures often
give the ___________ to regulate a particular kind of activity to an
________________________ agency. An administrative agency, often called a
_____________________ agency, is a department of government formed to administer
particular ______________________.
Administrative Agencies Powers:
1. _______________________________________________________________
2. _______________________________________________________________
3. _______________________________________________________________
4. _______________________________________________________________
Administrative law - ____________________________________________________
_____________________________________________________________________
The courts have ruled such agencies to be ____________________________. There are
however _____________ and balances on their _______________. Further, any final
decision by an ______________ can be reviewed by a _______________.