About This Chapter
Chapter Summary and Objectives
The foundations of the current U.S. legal system go all the way back to when this country was first created. These foundations are strong, and they are constantly dictating what happens in every court of law in the land. This is why understanding the history of American law is so important when trying to understand the law as a whole.
In this chapter, our lessons will cover how American law originated from English common law, and will examine American business law. Specific aspects of the law will be discussed, such as why lower courts are bound by decisions higher courts make. Some of the more specific concepts that will be covered in these lessons include:
- The purpose and explanation of business law
- How American law traces its history to English Common Law
- What stare decisis means
- The definition of precedent
|American Law: History & Origins from English Common Law||Explore the English common law origins of American law.|
|What Is Business Law? - Definition & Overview||Examine the definition and purpose of business law.|
|Stare Decisis Doctrine: Definition & Example Cases||Analyze what stare decisis and precedent mean.|
1. American Law: History & Origins from English Common Law
Our modern American law system is based on centuries of English principles regarding right and wrong. This English common law system combines with U.S. case decisions and statutes to form what we know as law. This lesson examines the origins and definitions associated with the American law system.
2. What Is Business Law? - Definition & Overview
Business law is a broad area of law. It covers many different types of laws and many different topics. This lesson explains generally what business law is and how it's used.
3. Stare Decisis Doctrine: Definition & Example Cases
The doctrines of stare decisis and precedent are the foundations of our American common law system. This lesson explains what these doctrines are and how they are used.
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Other chapters within the Business 103: Introductory Business Law course
- Sources of Law
- Constitutional Law
- American Legal Systems
- Legal Procedures
- Contract Law Basics
- Capacity in Contract Law
- Contract Law and Third Party Beneficiaries
- Contracts: Assignment and Delegation
- Contracts: Statute of Frauds
- Contracts: Scopes and Meanings
- Contracts: Breach of Contract
- Contracts: Discharge of Contracts
- The Legal Environment
- Securities and Antitrust Law
- Property Law
- Creditors Rights
- Product Liability and Consumer Protection
- Torts in Business Law
- The Role of Agency in Business Law
- Sales & the Law
- Studying for Business 103