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Business Law Ivy Tech Exam | 100 Questions with Answers Verified 100% Correct
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Business Law Ivy Tech Exam | 100 Questions with Answers Verified 100% Correct
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Business Law Ivy Tech Exam | 100 Questionswith Answers Verified 100% Correct
What is Law? - ✔✔a body of enforceable rules governing relationships among individuals
and between individuals and their society
What is precedent? - ✔✔a common law doctrine under which judges are obligated to follow
the precedents established in prior decisions
What is a court decision that uses a prior decision as an example for deciding subsequent cases
involving identical or similar facts? - ✔✔
What is the definition of Preemption? - ✔✔a doctrine under which certain federal laws
preempt, or take precedence over, conflicting state or local laws
What is a federal, state or local government agency created by the legislature to perform a
specific function, such as to make and enforce rules pertaining to the environment? -
✔✔Administrative agency
What is Interpretive Rule? - ✔✔a nonbonding rule or policy statement issued by an
administrative agency that explains how it interprets and intends to apply the statutes it
enforces
What is citation? - ✔✔a reference to a publication in which a legal authority such as a
statute or a court decision or other source can be found
What is ordinance? - ✔✔a regulation enacted by a city or county legislative body that
becomes part of that states statutory law
, What is Primary Source of Law? - ✔✔a statement that establishes the law on a particular
issue such as a constitution a statute an administrative rule or a court decision
What is Enabling Legislation? - ✔✔a statute enacted by Congress that authorizes the
creation of an administrative agency and specifies the name, composition, purpose and powers
of the agency being created
What is Comparing Government Interest? - ✔✔a test of constitutionality that requires the
government to have convincing reasons for passing any law that restricts fundamental rights,
such as free speech, or distinguishes between people based on a suspect trail
What is an administrative agency's rule that carries the same weight as a congressionally
enacted statute? - ✔✔
What is Substantive Law? - ✔✔Law that defines, describes, regulates and creates legal rights
and obligations
What is Procedural Law? - ✔✔Law that establishes the methods of enforcing the rights
established by substantive law
What is Symbolic Speech? - ✔✔nonverbal expressions of beliefs, symbolic speech, which
includes gestures, movements and articles of clothing is given substantial protection by the
courts
What is defendant? - ✔✔One against whom a lawsuit is brought, or accused person in a
criminal proceeding
What is Plaintiff? - ✔✔one who initiates a lawsuit
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