Business Law Part 1 vocab

4. Courts are institutions where disputes are heard and resolved.
6. Law helps to create rules that prevent chaos and disputes.
8. Laws developed through court decisions over time, particularly in areas not covered by statutes or regulations.
9. Legal professionals who represent clients in legal matters.
10. Protection of ideas, inventions, and creative works.
14. The legal system helps ensure that everyone is treated equally and justly under the law.
16. A group of citizens who hear the evidence in a trial and make decisions.
18. Law provides a structured process to resolve conflicts between individuals, businesses, and the government.

1. Legal rights and obligations between employers and employees.
2. Ownership, use, and transfer of property.
3. Law ensures that agreements between individuals or businesses are honored and that breaches are addressed.
5. Law provides protections for people and their property from harm or theft.
7. Rules created by government agencies to enforce statutes.
11. Laws established by court decisions (precedent). Courts interpret laws and create guidelines for future cases.
12. Agreements made between two or more parties.
13. Laws passed by legislatures (e.g., Congress or state governments).
15. Court officials who oversee cases and make rulings.
17. Wrongful acts that cause harm or damage to others (e.g., fraud, negligence).