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Business Law Cheat Sheet (DRAFT) by

This is a draft cheat sheet. It is a work in progress and is not finished yet.

Sources of Law (Chp.1)

The most important primary source of law is
The Consti­tution (it is supreme)
State consti­tutions are a primary source of law.
Statutory law, a primary source of law, involves the U.S. Congress and state and local legisl­atures.
The U.S. Congress passes federal statutes that apply to all states.
The Uniform Commercial Code is a uniform law adopted by all states that facili­tates commerce.
Admini­str­ative agencies are created to perform specific government functions
Case law is derived from judges' decisions for actual cases.
Admini­str­ative Law
the rules, orders, and decisions of federal, state, or local government admini­str­ative agencies
Statutory Law
laws (statutes and ordina­nces) enacted by federal, state, and local legisl­atures
Consti­tut­ional Law
the laws expressed in the US Consti­tution and state consti­tutions
Case Law
judge made laws
Tradit­ion­ally, courts of law offer three remedies, called remedies at law
Money, land, and items of value
Remedies in equity involve specific perfor­mance.
Part of the common law tradition relies on the doctrine of stare decisis
the Latin phrase for stare deceases means to stand on decided cases
stare decisis
issue ruling that are consistent with precedents establ­ished in similar cases
one of the most important functions of law is to provide stability and predic­tab­ility
A precedent is a decision that furnishes an example or authority for deciding subsequent cases involving similar legal principles or facts.
A source of law that courts must follow when deciding a case is called a binding authority. A binding authority does NOT include opinions from trusted newspapers
Cases where there is no binding precedent in the jurisd­iction are called cases of first impression .
court of law and equity no longer decide approp­riate cases and provide the approp­riate remedies.
Positivist
there is no law higher than the laws created by the government
Historical
doctrines that have withstood the passage of time help guide us in shaping present law
Natural Law
universal law as applicable to all human beings
legal realism
takes into account customary practices and the circum­stances surrou­nding the particular transa­ction
One way to divide law is into procedural law and substa­ntive law .
civil law
the law the governs relations between people
a law against not performing an employee argument cannot be at issue in criminal law
cyberlaw is not a classi­fic­ation of law
When one country violates intern­ational law, enforc­ement can take the form of into persuasive tactics and severance of diplomatic relations
the primary source of law in a civil law system is statutory laws
cyberlaw consists of tradit­ional legal principles that have changed because of technology and new laws that govern unique problems related to technology
define: remedy, substa­ntive law, procedural law
 

Judiciary Role (Chp. 2)

the doctrine of judicial review allows the judicial branch to decide whether laws or actions of the other two branches are consti­tut­ional
the power of judicial review has remained unchal­lenged since Marbury v. Madison
Marbury v. Madison
Case?
A long arm statute allows one state's court to exercise jurisd­iction over a defendant from another state who has minimum contacts with the state in which the court is located.
concurrent jurisd­iction
cases involving federal questions and diversity of citize­nship cases
exclusive state jurisd­iction
cases involving all matters not subject to federal jurisd­iction
exclusive federal jurisd­iction
cases involving federal crimes, bankru­ptcy, patents, copyri­ghts, tradem­arks, and suits against the US
venue
*
standing to sue
three elements: causation, remedy, and harm *
original jurisd­iction
exists with courts that have the authority to hear a case for the first time called trial courts
subject matter
limits the court's jurisd­ict­ional authority to particular types of cases and can be either limited or general jurisd­iction
appellate jurisd­iction
exists with courts of appeal and review
a federal court can exercise jurisd­iction if a case involves a treaty, the Consti­tution, or a federal law
Order of most court systems
trial court, interm­ediate appellate court, supreme court
trial courts
often deal with questions of fact
appellate or reviewing courts
deal with questions of law
the Supreme court has to issue a writ of certiorari before it hears a case
litigation is the process of moving a case through the courts
a default judgement is NOT involved in the two basic pleadings of a lawsuit
A deposition is given orally by a party to a lawsuit or a witness before a trial
pretrial conference
a pretrial hearing after discovery. the goal is settlement
jury selection
during the process of void dire, prospe­ctive jurors can be challenged
At the conclusion of the plaint­iff's case, the defend­ant's attorney may ask for a directed verdict.
When a jury reaches its decision, it typically issues a verdict in favor of one party.
When the jury clearly misapplied the law or misund­erstood the evidence, a judge will grant a motion for a new trial
if someone loses a trial, they can make a motion for a judgement not withst­anding the verdict
motion for a judgement not withst­anding the verdict
*
filing the appeal
the appealing party files a notice of appeal with the trial court
appellate review
the appellate court does not hear evidence. they may affirm or reverse the trial court's judgement or remand the case for further procee­dings
Your attorney prepares a brief to present to the appellate court when you decide to appeal the trial court's decision.
The public has access to electronic court filings through a system called PACER
negoti­ation
a process in which parties attempt to settle their dispute without going to court with or without attorneys to represent them; meet informally
mediation
settling the disputes in which a neutral third part assists disputing parties in reconc­iling their differ­ences
online dispute resolution
the resolution of disputes with the assistance of organi­zations that offer disput­e-r­eso­lution services via the internet; best for resolving small sized business claims
Altern­ative dispute resolution (ADR)
the resolution of disputes in other ways than those involves in tradit­ional judicial process (negot­iation, mediation, and arbitr­ation)
negoti­ation is the simplest form of ADR because it is informal and does not require a third party like arbitr­ation, mediation, and facili­tation
in arbitr­ation, the arbitrator hears the dispute and imposes a solution on the parties
arbitr­ation
the parties present their argument snap evidence to an arbitrator at a hearing and the arbitrator renders a decision resolving the dispute
arbitr­ation clause
a part of the contract that provides that the parties will submit the dispute to arbitr­ation rather than litigate the dispute in court
award
the arbitr­ator's decision
major non-profit ADR provider is the AAA
arbitr­ability involves a court deciding whether a matter is one that must be resolved through arbitr­ation.
most states have adopted the uniform arbitr­ation act
When one party files a lawsuit to compel arbitr­ation, the courts must resolve the issue of arbitr­abi­lity.
90%of cases are settled through some form of ADR
Marbury v. Madison
harm
causation
affirm­ative defense
discovery process
pretrial motions