MGT 401 Lecture Notes - Lecture 4: Precedent, Statutory Interpretation, Krypto

• School: University at Buffalo
• Department: Management and Policy
• Course: MGT 401
• Professor: Willliam Savino

Document Summary

Attempt to achieve two contradictory purposes: predictability and flexibility. Stare decisis: let the decision stand that is the ruling from a previous case. Once a court has decided a particular issue, it will generally apply the same rule in similar cases in the future. Precedent: an earlier case that decided the issue. Bystander"s obligation: you have no duty to assist someone on peril unless you created the danger. More law is created by statute than by the courts. When the system works correctly, this is the one part of the law over which we the people have control. We elect the legislators who pass statues; we vote for the senators and representatives who create federal statutes. Congress is organized into two houses, the house of representatives and senate. Bill: a proposed statute, submitted to congress or a state legislature. To become a law, the bill must be voted and approved by both houses.