MGMT 200 Study Guide - Comprehensive Final Exam Guide - Utilitarianism, United States Constitution, United States Congress
Document Summary
Four primary sources of law in the us. Laws passed by public- referendums, initiative by state legislatures, congress. Common law- several years of traditions, includes court decisions. Found in text and cases arising from federal and state constitutions. Us constitution is supreme law of the land. Laws enacted by federal and state legislatures. Uniform commercial code)-laws passed at federal levels that apply to states. Agency creation (admin. agencies can be independent regulatory agencies such as. Rulemaking- rules, orders, and decisions of administrative agencies. Stare decisis- practice of deciding new cases based on precedent. A higher court"s decision based on certain facts and law, is a binding authority on lower courts. Remedy-means to enforce a right or compensate for injury to that right. Remedies at law- in king"s court, remedies were restricted to damages in either money or property. Remedies in equity- based on justice and fair dealing a chancery court does what is right- specific performance, injunction, rescission.
