Business Law

2. an award paid to the plaintiff in order to punish the defendant, not to compensate the plaintiff.
4. the individual who initiates a civil action
7. court hearing cases appealed from lower courts.
10. a business owned by one person.
11. the voluntary association of two or more people who have combined their resources to carry on as co-owners of a lawful enterprise for their joint profit.
12. confirming an act that was executed without authority or an act which was voidable.

1. form of business ownership recognized in the U.S.; combines features of both the corporation and partnership.
3. the principle that the decision of a court should serve as a guide or precedent and control the decision of a similar case in the future.
5. a body of persons elected by the stockholders to define and establish corporate policy.
6. a decision of a court.
8. an agreement between two or more competent persons which is enforceable by law.
9. the person against whom legal action is brought.