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Business Law 1.01

Ethics, Sources of Law and Legal Systems

TermDefinition
Administrative Law Body of rules created by government agencies.
Case Law Based on appealed cases. Appellate court issues a ruling based on their decision. New rules in deciding the appealed case.
English Common Law Result of custom-based laws being unified by courts in England.
Ethics Rules used to determine the difference between right and wrong.
Greatest Good Examines whether the action will cause the greatest good for the greatest number of people.
Law of Precedent Sets precedence for similar future cases.
Statutory Law Act of a legislature that declares, prescribes, or commands something. Specific law, expressed in writing. Local statutes or laws are usually called ordinances.
The Golden Rule Do unto others as you would have them do unto you.
Consequential Ethical Reasoning Alternative ways to change the current situation.
Rule Based Ethical Reasoning Fundamental ethical rule. Either a recognized authority or human reasoning. Acts themselves are judged as right or wrong.
Ethics as Reflected in U. S. Laws and the U. S. Constitution Laws are judged to be right or good when they affect the majority of the people in a positive manner.
Created by: rclegge
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