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Business Law Exam 1
Term | Definition |
---|---|
stare decisis | all court and law decisions based off the past; higher court decisions are binding to lower courts |
statute of limitations | time period in which action can be taken against someone |
civil law | private or public rights, as opposed to criminal matters |
criminal law | wrongful actions committed agains society |
police powers | powers possessed by the states. public order, health, safety.. |
moral minimum | the law |