Exam 1 Flashcards
(88 cards)
Public Law
Law that involves suits between private individual or groups and government (includes the government)
Statutory Law
the assortment of rules and regulations put forth by legislatures (the legislative actions are called statutes)
Case Law
the collection of legal decisions and interpretations made by judges (includes common law and cases interpreting statutes)
Golden Rule Test
- Do to others as you want them to gratify you
- Be considerate of others’ feelings as you want them to be considerate of yours
- Treat others as persons of rational dignity like you
- Extend brotherly or sisterly love to others, as you would want them to do for you
- Treat others according to moral insight, as you would have others treat you
- Do to others as God wants you to do to them
Universalization Test
what would the world be like with everyone doing what you’re considering doing?
- what would happen if our decision was copied by everyone else?
- if others followed your example, would it make the world a better place for me and those I love?
WH Process
W- Who: (stakeholders): customers, owners, management, employees, community, future generations
H- How (guidelines): public disclose, universalization, golden rule; principles for decision-making
Values
positive abstractions that capture our sense of what is good and desirable
Business Ethics
the use of ethics and ethical principles to solve business dilemmas
Shareholders Concept
people with shares in the company; customers, owners, management, employees, community, and future generations
Business Law and Business Ethics
legality is the baseline for all decisions; think of the law as the bare minimum of ethics; ethics guides the development of law
Social Responsibility of Business
- the expectations that a community places on the actions of forms inside that community’s borders
-if ethical lapses become visible and widely known, there is always the threat of legislature or regulatory intervention - standards vs. decisions
Civil Law
body of law that governs the rights and responsibilities either between persons or between persons and government (ex-contracts, torts, property)
Criminal Law
body of law that governs the rights and responsibilities an individual has with respect to the public as a whole (is a public law too)
- punishment; government brings action
Model Laws
also known as uniform laws; serve to standardize the otherwise different state laws (suggestion to make all things standard)
Precedent
a tool used by judges to make rulings on cases with the basis of key similarities to previous cases (citing other judges to justify current case)
Stare Decisis
“stand by the decision”; a principle stating that reliefs made in higher courts are binding pretender for lower courts (reasons: stability and predictability of the law)
Originalism
interpretation of text by the words or intentions of its authors
Legal Realism
economic, social, and political context of law impacts outcomes of decisions (factors other than law impacts decisions)
- legal decisions are really rationalizations of the decisions of judges on non-legal grounds
law is a prediction of what judges will do
-law is not about logic (more about experience)
Ethical Dilemma
a question about how one should behave that requires one to reflect on the advantages and disadvantages of the optional choices for various stakeholders (competing considerations that can make you face a difficult choice)
Public Disclosure Test
Would be willing for everyone to know what you are considering doing?
-make our actions visible rather than obscured
-imagine our actions are being broadcast on national television
In Personam (personal) Jurisdiction
the power to render a decision affecting the rights of the specific persons before the courts ( power over the people in the case)
Complaint
the pleading made by a plaintiff alleging wrongdoing on the part of the defendant; the document that, when filed with a court initiates a lawsuit
Long- arm Statute
enable to court to serve defendants outside the state
Subject- matter Jurisdiction
the power to hear certain kinds of cases