Unit 1 Assignment

Describe the following terms in your own words. Be sure to use complete sentences and cite your sources of information. It is recommended that you use your textbook for this assignment.

1. Common Law - much of the common law is used today. Common law governs all areas not covered specifically by statutory or constitutional law.

2. Jurisdiction – is an area in which a court or courts have the power to apply the law.

3. Precedent - is a decision that furnished an example or authority for deciding subsequent cases involving similar legal principles or facts.

4. Statute- is an American law that is passed by Congress and by state legislatures. Statutes are enacted by legislative bodies at any level of government.

5. Remedy- the means given to a party to enforce a right or to compensate for the violation of a right.Be sure to use reliable sources to look up these terms. Wikipedia is not a reliable source of information for this assignment.

References

Miller, R. L. Jentz, G.A., (2007). Fundamentals of Business Law.

South-Western Cengage Learning