Chapter 4 Business Law

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1
Common Law
Judge-made law
2
Stare Decisis
"Let the decision stand," that is, the ruling from a previous case
3
Precedent
An earlier case that needed the issue
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Bystander's Obligation
You have no duty to assist someone in peril unless you created the danger.
5
Creating a Law
Congress passes a law --> President signs it= law.

Congress passes a law --> President vetoes --> Congress 2/3 vote= law
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Bills
A proposed statue submitted to Congress or a state legislature.
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Reasons Bills are passed
New issue, Unpopular Judicial Ruling, Criminal Law
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Veto
The power of the precedent of the president to reject legislation passed by Congress.
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Statutory Interpretation
How a statue is interpreted
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Plain meaning rule
When a statue's words have ordinary, everyday significance. The words are straight forward.
11
Legislative History and Intent
If the language is unclear, the court must look deeper. The court will look at the law's history.
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Public Policy
If the legislative history is unclear, courts will rely on public policy.
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Changing Times
Make sure the laws they are overseeing are relevant to the times
14
Administrative Law
Government Agencies that are responsible for certain industries. Put in charge by Executive Branch.
15
Independent Agencies
The president has no such removal power against them.
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Executive Agencies
President can fire the head of the agency at any time. They will rarely go against the president's policies.
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Enabling Legislation
Describes the problems that Congress believes need regulation, establishes an agency to do it, and defines the agency's powers.
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Promulgate
To create a new rule. Legislative and Interpretive
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Informal Rule making
"notice and comment". Public comment period. Agency uses the public's comments to publish the final law
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Formal Rule making
Congress requires agency to hold a hearing. Perform a formal, written response to everything that occurred at the hearing. Give public access and formulate sound policy.
21
Subpoena
is an order to appear at a particular time and place to provide evidence
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Subpoena duces tecum
Requires the person to appear and bring documents. Subpoenas must be relevant, not be too burdensome, and not be privileged.
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Subpoenas must be....
Subpoenas must be relevant, not be too burdensome, and not be privileged.
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Adjudication
a case is to hold a hearing about an issue and then decide it.
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Administrative Law Judge
There is no jury. An ALJ is an employee of the agency but is expected to be impartial in their rulings
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Judicial Review
An individual or corporation directly harmed by an administrative rule, investigation, or adjudication many generally have that action reviewed in federal court.
27
Freedom of Information Act
It is designed to give citizens, businesses and organizations alike, access to the information that federal agencies are using
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