Chapter 1 Flashcards
(7 cards)
1
Q
liability elements (3)
A
breach, damage, causation
2
Q
civil law
A
statutory, codified, not binding, statute & legislation, inquisitorial
3
Q
common law
A
judicial, not codified, binding, precedent & case law, adversarial
4
Q
sources of corpo law
A
public (constitution, legislature, case law)
private (contract, codes)
5
Q
principle of stare decisis
A
hierarchy & consistency
6
Q
(US) Congressional authority
A
securities market law Δ by fed gvn
7
Q
(US) state sovereignty
A
corpo law Δ by states
