The legal system we have in America:

• Is an equal mixture of laws from all the colonies of America.

• Is based heavily on the English legal system of common law and equity.

• Is unlike any other legal system.

• Was an entirely new invention of the colonists before the Revolutionary War.

Courts of equity:

• Never recognized legal rights.

• Gave only money damages as a remedy.

• Are a separate class of courts in all states.

• Provided preventative action.

Judicial interpretation is important to the legal process because:

• It prevents previous case law from being overturned.

• Interpretations by the highest courts set precedents follow by lower courts.

• Any state supreme court can reverse the Supreme Court of the United States.

• Is an equal mixture of laws from all the colonies of America.

The document containing specific guarantees of individual liberty is:

• The Bill of Rights.

• The Uniform Commercial Code.

• The Constitution.

• A restraining order.

Administrative agencies:

• Have the power to regulate particular matters or implement laws.

• Are composed of people elected by the voters.

• Have limited power to set up rules of procedure.

• Have the power to make rules that supercede statutes.

A criminal action:

• May be filed by a private citizen to protect private rights.

• Requires a lower standard of proof than a civil action.

• Results in the awarding of damages to the injured person.

• Punishes offenses that injure society as a whole.

The crimes that carry the most severe penalties are called

• Wobblers.

• Felonies.

• Misdemeanors.

• Infractions.

Ethical principles:

• Are static and unchanging.

• Are developed from religious beliefs, experience, and cultural background.

• Are determined by Congress.

• Are usually a set of lower standards of behavior than laws.

Ethical standards in business:

• Require businesses to consider only the impact behavior has on "the bottom line."

• Help determine an individual's or an organization business practices.

• Represent a code of conduct found in every profession.

• Represent a lower standard than that required by law.

Can law be correctly defined as a rule that prescribes conduct?

• Yes

• No