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LEB 320F Business Law and Ethics Final Exam Q&A 100% Pass | Latest Update
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LEB 320F Business Law and Ethics Final Exam Q&A 100% Pass | Latest Update Federal Laws - Laws that come from the government of the United States State Laws - Laws created by individual states Common Law - Legal ideas that originate in court opinions Statutory Law - Legal rules created by bodi...

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  • December 14, 2024
  • 68
  • 2024/2025
  • Exam (elaborations)
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  • LEB 320F
  • LEB 320F

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LEB 320F Business Law and Ethics Final

Exam Q&A 100% Pass | Latest Update


Federal Laws - ✔✔Laws that come from the government of the United

States

State Laws - ✔✔Laws created by individual states

Common Law - ✔✔Legal ideas that originate in court opinions

Statutory Law - ✔✔Legal rules created by bodies of elected representatives

Statute - ✔✔When the Congress or a state legislature creates a new law

Civil lawsuit - ✔✔People seeking compensation from others for wrongdoing

against them

Criminal Lawsuit - ✔✔The government prosecuting someone for breaking

the law

District Courts - ✔✔First stop of every lawsuit, where lawyers file pleadings,

select juries, place witnesses on the stand for examination. Judges rule on

motions and objections, give juries instructions, and enter judgments.

Juries listen to evidence, deliberate, and return verdicts.


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,U.S. Courts of Appeal or circuit courts - ✔✔If parties to a lawsuit are

dissatisfied with how a trial court handled a case, they can take an appeal

here. Where a panel of judges reviews the case for errors. Intermediate

appellate courts

Supreme Court - ✔✔If a party is unhappy with an intermediate court's

actions, it can ask a this court to give a final review to the case.

Jurisdiction - ✔✔A court's power or authority over a case

Subject matter jurisdiction - ✔✔A court's power to hear a particular type or

category of case. Some courts have been created to decide only one

particular kind of case.

Federal courts only have subject matter jurisdiction over 2 major types of

lawsuits - ✔✔Federal Question Cases and Diversity of Citizenship Cases

Federal Question Cases - ✔✔Plaintiffs base their claims on federal laws or

statutes. (Ex: Plaintiffs believe they should win their case because of Civil

Rights of 1964 or provision to the U.S Constitution)

Diversity of Citizenship Cases - ✔✔Plaintiff & defendants live in different

states and plaintiffs seeks at least $75,000

Federal courts - ✔✔Courts of limited jurisdiction (limited to the types of

cases the Constitution says they can hear)

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,State courts - ✔✔Courts of general jurisdiction that have much broader

subject matter jurisdiction and can even entertain federal question and

diversity cases, with some major exceptions.

Personal jurisdiction - ✔✔A court's power or authority over the parties

involved in a lawsuit. Plaintiffs voluntarily submit themselves to a court's

jurisdiction upon filing a lawsuit, so the focus here is always on defendants.

Under what circumstances does a court come to have authority over a

defendant? - ✔✔A court has personal jurisdiction over a defendant if he

makes an appearance, or takes a formal step to defend a lawsuit. A

defendant may also be served with a summons, or formal notice of a

lawsuit.

Long arm statutes - ✔✔This statue can establish personal jurisdiction if a

defendant has had minimum contacts, or some reasonable degree of

interaction, with a state

When can a lawsuit proceed without a court having personal jurisdiction

over a defendant? - ✔✔When a court has in rem jurisdiction over property

located in the same state that a court sits, it can act as a substitute for

personal jurisdiction if the property is the focus of the claim

True


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, Any case that arises out of a federal statute, such as the Americans with

disabilities act, can be brought in a Federal District court. - ✔✔T/F A claim

arising out of the Americans with disabilities act, which is a Federal statute,

would be a Federal Question case and, therefore, be within a federal

district court's jurisdiction.

Courts of limited jurisdiction - ✔✔Includes justice of the peace courts,

municipal courts, traffic courts, probate courts, and domestic relations

courts.

False

An effective manager will attempt to alter political situations and regulations

to aid their company. - ✔✔T/F An effective manager of a corporation

should not attempt to alter political situations.

True

Criminal cases require that the case be proved "beyond a reasonable

doubt." Civil cases vary, but generally require proof by a "preponderance of

evidence." - ✔✔T/F For a criminal trial, the government must prove their

case "beyond a reasonable doubt" in order to secure a guilty verdict

True




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