Name __________________________________ Business Law Chapter 1 Day 3 Notes & Vocab Laws Come from Different Sources 1. ________________________________________________________________ 2. ________________________________________________________________ 3. ________________________________________________________________ 4. ________________________________________________________________ 5. ________________________________________________________________ Constitution-____________________________________________________________ _______________________________________________________________________ Common Law The ______________ system of the US, except for __________________, is rooted in the _______________ common law. The early ________________ colonists came from ________________. It was only natural for them to adopt the law of ______________ as the law of their new land. In the early days of English history, the ___________ tried to _____________________ the English government and establish a ___________ system. Judges, called _________________ or ___________________, traveled in circuits around the countryside deciding _______________. Every effort was made to share the same law “ _____ ______________” with everyone else throughout the country thus the term ______________ _______ arose. Eventually, court cases were written down an a body of ____________ developed allowing _____________ to refer to past cases in making their __________________. This lead to the doctrine of ___________________. Under this ________________, a judge is required to follow an earlier court __________________ when deciding a case with similar circumstances. It is also sometimes called the doctrine of _____________ _______________, which means “________ ______ _________________ ____________.” Over time, in the US, the English common law has become eroded by the passing of state _______________, and court decisions. Nevertheless, parts of the _______________ law exactly as it was practiced in England, still exist in the ___________ of many ________________ today. Name __________________________________ Business Law Statutory Law Statutes are __________ specifically passed by a __________________ body created for that purpose. Thus, laws passed by Congress, state legislatures, local city _____________, or town meetings can all be called __________________ law. Statutory law is found in state and _______________ statutes, city __________________ and town _______________. The differences in terms tell us which level of _______________________ a ________ was passed. State Statutes Each state has its own __________________, or body of ___________________, which has the job of creating or passing _______________ law. While the names of state ______________________ may differ, their basic _________________ is the same, to make __________________ law. A statute may ________________ people to do something. For example, a statute may require the citizens of a state to pay ___________, wear ___________ belts, or stay in ______________ until they are _________ years old. Some statutes _______________ people from performing certain acts. A statute that prevents individuals from ___________________ or _____________________ alcoholic beverages until they are at least ________ years old is such a statute. As noted previously, the US ____________________________ is the ________________ law of the land. This means that a statute passed by a ____________ legislature must not ________________ with the US Constitution. A statute that does conflict with the US Constitution may be declared ______________________________.