BUSAD 120 Lecture Notes - Lecture 4: Precedent, Consolidated Laws Of New York, Uniform Commercial Code

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Law - combination of rules and regulation and the enforcement thereof. Legal remedies - usually remedies for common law. A practice used by judges, lawyers and other court officials to determine the goals of legislators at the time of a bill"s passage. Legislative law - also called statutory law. Majority rule - where a majority of the states agree on a law or code. Minority rule - where a small number of states agree on a law or code. Heavy influence of french law in louisiana. Police powers - given to the states in the 10th amendment. Power of the state to place restraints on personal freedom and property rights of persons for the protection of public safety, health, and morals, or the promotion of the public convenience and general prosperity. Precedent - court ruling upon the facts of a particular controversy that happened previously.

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