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Questions and Answers
What must the class be large enough for in a class action lawsuit?
What must the class be large enough for in a class action lawsuit?
The class must be large enough to make individual suits impractical from the standpoint of the courts.
What is personal jurisdiction?
What is personal jurisdiction?
It is a determination by the court that the parties to a lawsuit are entitled to resort to the power of the courts in a particular geographical jurisdiction by virtue of their residency.
What does in rem jurisdiction pertain to?
What does in rem jurisdiction pertain to?
It pertains to jurisdiction based on property issues rather than the location of the people involved in the lawsuit.
What are dispositive motions?
What are dispositive motions?
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What is a default judgment?
What is a default judgment?
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What is notice pleading?
What is notice pleading?
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What does the discovery process in civil cases aim to ensure?
What does the discovery process in civil cases aim to ensure?
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What is venire?
What is venire?
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What is voir dire?
What is voir dire?
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What are peremptory challenges?
What are peremptory challenges?
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What does a motion to dismiss determine?
What does a motion to dismiss determine?
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What is summary judgment?
What is summary judgment?
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What is judicial review?
What is judicial review?
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What is federalism?
What is federalism?
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What are police powers?
What are police powers?
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What is the importance of a Business Law course in a business/management curriculum or a business person?
What is the importance of a Business Law course in a business/management curriculum or a business person?
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How can businesspeople use the law to a strategic advantage?
How can businesspeople use the law to a strategic advantage?
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What is law?
What is law?
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What is Law Merchant?
What is Law Merchant?
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What is substantive law?
What is substantive law?
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What is procedural law?
What is procedural law?
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What is public law?
What is public law?
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What is private law?
What is private law?
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What is criminal law?
What is criminal law?
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What is civil law?
What is civil law?
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What does equity involve?
What does equity involve?
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What is stare decisis?
What is stare decisis?
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What is res judicata?
What is res judicata?
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What are Vago's purposes and functions of law?
What are Vago's purposes and functions of law?
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What is the consensus perspective?
What is the consensus perspective?
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What is the conflict perspective?
What is the conflict perspective?
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What are the objectives of the legal system?
What are the objectives of the legal system?
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What are the four sources of law?
What are the four sources of law?
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What is judicial review?
What is judicial review?
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Why was Marbury v. Madison important to judicial review?
Why was Marbury v. Madison important to judicial review?
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How did the Common Law come to be?
How did the Common Law come to be?
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How did the Common Law spread across England?
How did the Common Law spread across England?
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How did equity develop in England and the US?
How did equity develop in England and the US?
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Why has the US experienced an 'orgy of statute-making'?
Why has the US experienced an 'orgy of statute-making'?
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What is judicial federalism?
What is judicial federalism?
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How would you characterize the caseloads of civil and criminal courts in the US?
How would you characterize the caseloads of civil and criminal courts in the US?
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What is jurisdiction?
What is jurisdiction?
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What is venue?
What is venue?
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What is subject matter jurisdiction?
What is subject matter jurisdiction?
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What is geographical jurisdiction?
What is geographical jurisdiction?
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What is the basic structure of the state judicial system?
What is the basic structure of the state judicial system?
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What is the basic structure of the federal judicial system?
What is the basic structure of the federal judicial system?
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What is the appeal of right?
What is the appeal of right?
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What is a discretionary appeal?
What is a discretionary appeal?
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What is the history of development of the federal judicial system?
What is the history of development of the federal judicial system?
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What is the Erie doctrine?
What is the Erie doctrine?
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What is the Strawbridge rule?
What is the Strawbridge rule?
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What is Rule 10 of the Supreme Court?
What is Rule 10 of the Supreme Court?
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What is diversity of citizenship?
What is diversity of citizenship?
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What is the federal question doctrine?
What is the federal question doctrine?
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What is certiorari?
What is certiorari?
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What is a majority opinion?
What is a majority opinion?
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What does pro se mean?
What does pro se mean?
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What is a small claims court?
What is a small claims court?
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What is general jurisdiction of courts?
What is general jurisdiction of courts?
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What is limited jurisdiction of courts?
What is limited jurisdiction of courts?
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What are concurring opinions?
What are concurring opinions?
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What are dissenting opinions?
What are dissenting opinions?
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What is the amount in controversy?
What is the amount in controversy?
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What are the requirements for selecting federal judges?
What are the requirements for selecting federal judges?
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What are the justiciability doctrines?
What are the justiciability doctrines?
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What are the elements of standing?
What are the elements of standing?
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What are the elements of advisory opinions?
What are the elements of advisory opinions?
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What is the element of ripeness?
What is the element of ripeness?
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What are the elements of mootness?
What are the elements of mootness?
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What are limitations on the judiciary generally?
What are limitations on the judiciary generally?
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What is the significance of the Hertz case?
What is the significance of the Hertz case?
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What Court of Appeals Circuit is NC in?
What Court of Appeals Circuit is NC in?
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How hard is it to get cert from the US Supreme Court?
How hard is it to get cert from the US Supreme Court?
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What is a plaintiff?
What is a plaintiff?
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What is a defendant?
What is a defendant?
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What is an appellant?
What is an appellant?
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What is an appellee?
What is an appellee?
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What do long-arm statutes provide?
What do long-arm statutes provide?
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What are the requirements for class action lawsuits?
What are the requirements for class action lawsuits?
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Study Notes
Importance of Business Law
- Business Law encompasses legal concepts and rules essential for conducting business operations.
- It defines who can conduct business and ensures compliance with legal standards.
- The law governs relationships between parties and enables government regulation of business behavior.
Strategic Use of Law in Business
- Legal knowledge helps identify and mitigate legal risks, reducing potential liabilities.
- Law facilitates opportunities like licensing intellectual property and forming joint ventures for competitive advantage.
Legal Concepts
- Law: A system regulating human conduct, requiring predictable and enforceable rules.
- Law Merchant: Historical European legal system focused on commerce and trade practices.
- Substantive Law: Rules that define rights and duties and resolve disputes.
- Procedural Law: Establishes the process for litigation and court procedures.
Types of Law
- Public Law: Affects the public at large; includes constitutional, administrative, and criminal law.
- Private Law: Governs relationships between individuals, like contracts and torts.
- Criminal Law: Prohibits certain behaviors detrimental to society and imposes penalties.
- Civil Law: Addresses disputes between individuals or organizations, focusing on compensation.
- Equity: Focuses on remedies other than monetary damages, ensuring fairness.
Legal Doctrine
- Stare Decisis: Doctrine requiring courts to adhere to precedents set by previous cases.
- Res Judicata: Once a dispute is resolved, parties cannot re-litigate the same issue.
- Dicta: Non-essential statements by a court that do not influence the case's outcome.
Functions of Law
- Maintains social order and resolves disputes.
- Facilitates social change through legal mechanisms.
- Serves as an objective referee in disputes to ensure fair outcomes.
Legal System Objectives
- Promote order and timely resolution of legal controversies.
- Ensure justice through fair rules and processes.
- Balance individual rights with necessary government regulation.
Sources of Law
- Constitutions serve as the "supreme law of the land."
- Legislation includes laws enacted by legislative bodies.
- Common law evolves from court decisions and legal precedents.
- Administrative laws pertain to rule-making by government agencies.
Judicial Review and Historical Context
- Judicial review allows courts to declare laws unconstitutional, ensuring the Constitution's supremacy.
- In Marbury v. Madison, the foundation for judicial review was established.
- The Common Law system was standardized under Henry II, promoting consistency in judicial decisions.
Court Structures
- State Judicial System: Comprised of trial courts, intermediate appellate courts, and a supreme court.
- Federal Judicial System: Includes the US Supreme Court, US Courts of Appeals, and US District Courts.
- Jurisdiction: The authority of a court to hear cases based on geographical areas and subject matter.
Types of Jurisdiction
- Personal Jurisdiction: Court's authority based on a party's residency.
- Subject Matter Jurisdiction: Court's authority based on the nature of the dispute.
- Venue: The location appropriate for trial, typically where the defendant resides or where the dispute arose.
Specialty Legal Concepts
- Diversity of Citizenship: Occurs when parties are from different states or countries, affecting jurisdiction.
- Long-arm Statutes: Extend legal jurisdiction over non-residents based on specific connections to the state.
- Class Action Lawsuits: Require commonality, adequacy, numerosity, and typicality among class members.
Judicial Limitations
- Justiciability doctrines include standing, ripeness, mootness, and political questions to determine if a case can be heard.
- Federal judges are appointed by the president and confirmed by the Senate.
Key Legal Principles
- Appeal of Right: Ensures that parties can appeal to a higher court for a fair review.
- Certiorari: The process by which the Supreme Court chooses which cases to hear, requiring the consent of at least four justices.
Opinions in Court
- Majority Opinion: Carries the weight of law and sets a precedent.
- Concurring Opinions: Additional thoughts from justices agreeing with the majority.
- Dissenting Opinions: Views from justices disagreeing with the majority’s decision.
Case and Controversy Elements
- Amount in Controversy: Minimum monetary value needed for a court to have jurisdiction in civil cases.
- Significance of Hertz Case: Established the "nerve center" test for corporate citizenship in determining jurisdiction.
Additional Context
- North Carolina belongs to the Fourth Circuit of Appeals.
- Class action lawsuits are governed by stringent requirements to ensure proper representation and efficiency in the legal system.
Legal Terms and Concepts
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Dispositive Motions: Allow defendants to argue defects in the plaintiff's complaint, seeking case dismissal without a trial, aiming to settle disputes pre-trial.
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Default Judgement: Issued when a defendant fails to respond to a lawsuit, effectively admitting the plaintiff's allegations.
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Notice Pleading: Requires a plaintiff's complaint to inform the defendant of the nature of the claims, enabling a sufficient defense preparation.
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Complaint: The initial legal document filed by the plaintiff, outlining the factual basis for the lawsuit.
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Answer: The defendant's formal response to the plaintiff's complaint, addressing the claims made.
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Discovery Process: Aimed at removing surprises in litigation, ensuring both parties access to evidence, and focusing on the merits of the case, not the skill of legal counsel.
Jury Procedures
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Jury Selection: Involves randomly summoning potential jurors (venire) and conducting voir dire for questioning and dismissal based on suitability.
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Venire: A panel of potential jurors selected for the trial process.
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Voir Dire: The examination of prospective jurors to ascertain their qualifications and potential biases.
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Peremptory Challenges: Allows parties to reject jurors without stating a reason.
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Challenges for Cause: Requests to dismiss jurors based on a specific belief that they cannot serve fairly or impartially.
Motions and Judgments
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Motion to Dismiss: Evaluates whether the law supports the cause of action presented in the complaint.
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Motion on the Pleadings: Assesses if there is a genuine material fact issue based solely on pleadings.
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Summary Judgement: Determination made on the existence of genuine material fact issues based on affidavits and pleadings.
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JNOV (Judgment Notwithstanding the Verdict): A request for the judge to overturn a jury’s decision that is seen as unreasonable based on the provided evidence.
Class Actions and Arbitration
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Batson Challenge: A mechanism to prevent racially motivated juror dismissals; courts may deny peremptory challenges based on prohibited reasons.
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Class Action: A legal case where one individual represents the interests of a group with similar claims.
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Class Action Fairness Act: Facilitates defendants' ability to transfer state cases to federal court, allowing federal jurisdiction for class actions exceeding $5 million.
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Minimal Diversity: Legal term denoting at least one plaintiff from a different state than at least one defendant.
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Forms of ADR: Includes negotiation, mediation (third-party assistance), and arbitration (dispute resolution by appointed authorities).
Governance and Constitutional Principles
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Articles of Confederation: Established a weak central government, leading to economic conflict among states; only a legislative branch existed.
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Difference Between Articles and Amendments: Articles were the original Constitution, while amendments are later changes or clarifications, both holding equal legal weight.
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Separation of Powers: Constitutional principle that allocates distinct functions to each government branch.
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Checks and Balances: Mechanism requiring each government branch to monitor and limit the powers of the others.
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Judicial Review: Courts' authority to assess the constitutionality of government actions.
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Federalism: Division of lawmaking authority between the federal government and state governments.
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Police Powers: Regulatory powers for public safety, health, welfare, and morals, traditionally held by state governments.
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Explore the foundational concepts of business law through these flashcards. Each card delves into the principles and regulations that govern business conduct, emphasizing the importance of law in business and management curricula. Perfect for reinforcing your understanding of the legal framework in which businesses operate.