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1 Introduction to Business Law Questions and answers latest update 2024 $14.49   Add to cart

Exam (elaborations)

1 Introduction to Business Law Questions and answers latest update 2024

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  • Course
  • B Law
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  • B Law

1 Introduction to Business Law Questions and answers latest update 2024

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  • February 23, 2024
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  • Exam (elaborations)
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  • B Law
  • B Law
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1 Introduction to Business Law
Civil Law - correct answerprovides remedies for individuals or entities that have by wronged

primary purpose is reimbursement or restitution not punishment



Codification - correct answerThe process of organizing statutes by subject matter.



Common Law - correct answerestablished by following earlier judicial decisions



Constitutional Law - correct answerSupreme law; law derived from the US constitution



Criminal Law - correct answerDesigned to further societies interests in preventing crime and punishing
criminals

primary purpose is punishment and deterrence



Dispute Resolution Role - correct answerthe law gives people and entities a forum to settle their
differences



Equitable Remedy - correct answergranted when money damages alone or not adequate to fully
compensate for a party's injuries, can be granted alone or in combination with a legal remedy



specific performance and injunction



Equity - correct answeran area of law separate from the traditional common law, primary purpose is to
avoid unjust results occurring from strictly following the rules of common law.

used when legal (monetary) damages are not sufficient to remedy the wrong (injunction often used)



Executive Order - correct answerlaw independently created by the president

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