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Business Law Final
Business Law
32
Business
Undergraduate 1
12/11/2010

Additional Business Flashcards

 


 

Cards

Term
English Law based on _____
Definition
based on court cases
Term
Uniform Commercial Code
Definition

regarding personal property

(i.e. used car)

Term
remedies in equity
Definition

specific performance- perform

injunction- cease or undo

recession- cancellation

Term

criminal case

 

Definition

burden of proof

beyond a reasonable doubt (95%)

jury decides (non-guilty verdict can not be appealed)

Term
civil case
Definition

by a preponderance of the evidence

50.01%

Term
Marbury vs. Madison
Definition
judiciary interprets law and can declare unconstituational
Term
One state does not have to follow the precedent set by another state
Definition

one circuit will look to its own circuit for precedent

 

on matters of state law, s\the state supreme court is the top

Term
adversary system
Definition
attorney is advocate of the plantiff
Term

long-arm statute

 

Definition
min. contacts in state
Term
forum selection clause
Definition
found on websites in regards to lawsuits and jurisdiction
Term
concurrent jurisdiction
Definition

federal question

diversity plus 75000

 

Term
exclusive jurisdiction
Definition

U.S. is a party

bankruptcy

copyrights and patents

Term
summary judgement
Definition
civil: decision made prior to trial
Term
directed verdict
Definition
ruling after trial before jury returns
Term
judgement nov
Definition

reduction

not withstanding veridict

judge disagrees with jury

Term

apprehension

 

Definition
reasonable fear the contact could occur
Term
battery
Definition
unexcused harmful or offensive physical contact intentionally performed
Term
Alternative Dispute Resolution
Definition
fast and cheep
Term
mediation
Definition

non-binding rulling

attempted agreement

Term

arbitration

 

Definition

binding ruling

private

Term
New York Times vs. Sullivan
Definition
defamation case
Term
Anderson v. Mergenhagen
Definition
intended to scare victim is illegal
Term

lane v. MRA Holdings

 

Definition

gave ermission

not an invasion of privacy

Term
Tort
Definition

Duty

breach duty

causation

damages

Term
Shannon vs. Ashworth 
Definition
can be held liable for giving alcohol to minor (changed previous law)
Term
Sutton v. Eastern NY
Definition
assumption of the risk
Term
Palsgraf v. long island
Definition

causation- reasonable care must have caused the victim harm

(this cause not causation)

Term
offer
Definition
expression of a willingness to enter into a legally binding agreement
Term
Lucy v. Zehmer, Virginia
Definition

contract on napkin

legally binding "outward manifestation" 

Term

consideration

 

 

Definition
price which a person charges for a promise
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