CH 1 SmartBook BUSA 2106 Questions And Answers With Verified Solutions
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CH 1 SmartBook BUSA 2106
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CH 1 SmartBook BUSA 2106
Identify the universal principles that define the rule of law according to the World Justice
Project. (Check all that apply.) - ️️-The laws protect fundamental rights, including
the security of persons and property and certain core human rights.
-The government and its officials and agents a...
CH 1 SmartBook BUSA 2106
Identify the universal principles that define the rule of law according to the World Justice
Project. (Check all that apply.) - ✔️✔️-The laws protect fundamental rights, including
the security of persons and property and certain core human rights.
-The government and its officials and agents as well as individuals and private entities
are accountable under the law.
The school of positive law jurisprudence believes that law _____. - ✔️✔️is simply the
commands of the state backed up by punishments and force.
Which of the following statements are true of "property" or "ownership" in law? (Check
all that apply.) - ✔️✔️-It acts as a legal fence that does not allow others to interfere with
what one owns.
-It allows one to exclude others from something without one's permission.
Identify a true statement about law. - ✔️✔️It is a formal social force
Under rule of law, laws that are made are____ - ✔️✔️Equally and generally applicable
In the legal world a word synonymous with "property" is? - ✔️✔️Ownership
Match the types of ownership fences with their descriptions.
Public Property:
Private property:
Common property: - ✔️✔️Public Property: Resources owned by the government.
Private property: Resources owned by an individual.
Common property: Resources owned by more than one individual jointly.
Identify the concepts that establish a necessary framework for the most effectively
functioning market in the modern nation. - ✔️✔️Property
Law
The rule of Law
True or False: The three concepts necessary for a functioning market in a modern
nation are law, rule of law & property. - ✔️✔️True
Identify a law that regulates the transfer of ownership in certain profit-making
opportunities. - ✔️✔️Securities law
, _____is made up of rules that are laid down by the state and backed up by
enforcement. - ✔️✔️Law
The ideas of law that have developed over the centuries to help explain the origin of law
and its justification are known as ideas of law______. - ✔️✔️Jurisprudence
The philosophy of natural law asserts that law contains universal moral principles that
are _____. - ✔️✔️determinable by human reason
Identify an example of private property. - ✔️✔️A car owned by an individual
A law that identifies how individuals can own and use private resources in groups is the
_____. - ✔️✔️law of corporate governance and business organizations
Which school of jurisprudence emphasizes that contemporary law should focus on legal
principles that have withstood the test of time in a nation? - ✔️✔️The historical school
of jurisprudence
Identify a true statement about jurisprudence. - ✔️✔️It is the philosophy of law.
Identify a true statement about jurisprudence. - ✔️✔️It is a philosophy about law rather
than the law itself.
A feature of the common law legal system is that it _____. - ✔️✔️emphasizes the role
of judges in determining the meaning of laws and the way they apply
Which school of jurisprudence asserts that law contains several moral principles? -
✔️✔️Natural law jurisprudence
Identify the features of the civil law legal system. (Check all that apply.) - ✔️✔️- It relies
more on legislation than judicial decisions to determine what the law is.
- Civil law courts do not make law.
True or false: Judges of civil law courts feel obligated to follow precedents to make
decisions. - ✔️✔️False
True or false: Positive law jurisprudence is similar to the philosophy of natural law in all
aspects. - ✔️✔️False
______ _______is a type of law that includes those matters that involve the regulation
of society as opposed to individuals interacting. - ✔️✔️Public law
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