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Business Ethics and Law 311 Exam With Complete Solutions 100% Correct
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Business Ethics and Law 311 Exam With CompleteSolutions 100% Correct
Law - ANSWER Set of formal rules established by government to encourage conforming
conduct
Criminal Law - ANSWER Law applied to legal actions brought by government against a
private party for an act considered to be offensive to society
Civil Law - ANSWER Law applied to legal actions directed towards resolution of disputes
towards resolution of disputes between private parties
Procedural - ANSWER The rules and methods for carrying on a lawsuit, mechanics of
the legal process
Substantive - ANSWER Law which defines actual rights and duties
Contract Law - ANSWER Area of law governing promissory agreements between two or
more parties
Tort Law - ANSWER Area of law providing for the civil liability of someone who has
caused a wrong to the person or property of another
Property Law - ANSWER Law governing people's rights in respect to property, real and
personal
Administrative Law - ANSWER Law which regulates government administrative
agencies
, Constitutional Law - ANSWER Law found in the Constitution as interpreted by the
highest court
Constitution - ANSWER Written document under which a state or nation is organized
Statute - ANSWER A formal written enactment of a legislative body
Administrative Rule - ANSWER A formal written enactment of an administrative agency
Case Law - ANSWER Law as made by appellate court judges in written opinions on
cases which come before them
Ethics - ANSWER Standards of conduct that indicate how one should behave based
upon principles of right and wrong
Common Law System-ANSWER Originated from England. King appointed judges. Once
judges made a decision other judges in similar areas had to follow their judgement
Stare Decisis/Precedent-ANSWER Let the decision stand. Go with previous decision on
the case. Tells judges in the common law system to let the decision stand. When the
decision stands it sets precedence and predictability in the law
Binding authority - ANSWER Judges must follow the precedent set by another case only
in your state, each state has their own precedent
Persuasive Authority - ANSWER used if there is no binding authority. Cases which are
used as binding authority in other states may be used as persuasive authority
How courts get around precedent - ANSWER 1. Distinguishing: a court looks at prior
case like the one they are currently trying. If a court finds it appropriate, the case is
different enough from the precedent, they can distinguish it
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