Biz Law
Terms
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- Common Law
- Law created as cases come before judges and get concretized into law.
- Stare Decisis
- Requires judges to review precedent cases to decide a case.
- Statutory Law
- Legislatively enacted laws. And Codes created by government agencies.
- Deontological Law
- Concerned with motivation, not so much with consequences. Immanuel Kant was a proponent.
- Teleological Law
- Utilitarianism. Concerned with the result, not so much the motivation. Jeremy Bentham. Greatest good for greatest number.
- Jurisdiction
- First thing that has to be proven to bring a case. Have to show that the court you're bringing the case to has jurisdiction.
- In Personam Jurisdiction
- This person lives here.
- In Rem Jurisdiction
- Where the event in question occurred.
- Quasi in Rem
- Sort of connected to the property. So if someone from TN defrauds me on a project in AL, but owns land in Georgia, I could sue him in GA.
- Long Arm Jurisdiction
- Related to, for instance, if someone from out of state is using our resources, ie driving on our state highways or eating at our restaurants, then we can sue them here in GA, even if they're from MA. Usually based on a test of "minimum contact." So, GA law says minimum contact means regularly do business or make $$$ here.