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BUL 4421-Midterm FAU Gendler Exam Questions and Answers 100% Solved | Graded A+ £10.46
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BUL 4421-Midterm FAU Gendler Exam Questions and Answers 100% Solved | Graded A+
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BUL 4421-Midterm FAU Gendler Exam Questions and Answers 100% Solved | Graded A+ Chapter 1: Introduction to Business Law - Chapter 1: Introduction to Business Law Relevant areas of business law applicable to human recourse management involve (4): - 1. Agency law 2. Contracts 3. Employment an...

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  • December 21, 2024
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  • 2024/2025
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BUL 4421-Midterm FAU Gendler Exam

Questions and Answers 100% Solved |

Graded A+


Chapter 1: Introduction to Business Law - ✔✔Chapter 1: Introduction to

Business Law

Relevant areas of business law applicable to human recourse management

involve (4): - ✔✔1. Agency law

2. Contracts

3. Employment and labor laws

4. Employment discrimination

This type of law regulates disputes between private individuals or groups.

(Ex: dispute between landlord and tenant governed by private law). -

✔✔Private law

This type of law regulates disputes between private individuals and

government.




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,(Ex: dumping in violation of state or federal environmental laws). -

✔✔Public law

This type of law delineates the rights and responsibilities implied in

relationship between persons, or between person and their government. -

✔✔Civil law

This type of law regulates incidents in which someone commits an act

against the public as a whole, such as by conducting insider trading on the

stock exchange.

- Government is plaintiff - ✔✔Criminal law

Put these laws in order of Hierarchy of Laws: States Statutes, U.S.

Constitutions, Common Law, state constitution, and Federal Statutes - ✔✔-

U.S. Constitutions

- Federal Statutes

- State Constitution

- State Statutes

- Common Law

Collection of legal interpretations made by judges, and are law unless

revoked by new statutory law. - ✔✔Common Law (aka Case Law)




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,Past decisions in similar cases that guide later decisions thereby providing

greater stability and predictability to the law. - ✔✔Precedent

A principle stating that rulings made in higher courts are binding precedent

for lower courts. Latin for "standing by the decision." - ✔✔Stare Decisis

1. Summaries of common law rules in a particular area of the law that have

been enacted in most states.

2. They do not carry the weight of the law but guide interpretations of

certain principles. - ✔✔Restatements of the Law

Certain habits of mind and specific beliefs about human nature. Beliefs are

deeply rooted within a person's emotions and habits, and thus they are

sure to guide one's opinions and decisions. Such beliefs may be commonly

held and create much larger schools of thought thus they are more

common guides to legal interpretation. - ✔✔Schools of Jurisprudence

Name the (5) Schools of Jurisprudence: *CH*i*LL*i*N* - ✔✔1. Cost benefit

analysis

2. Historical School

3. Legal Positivism

4. Legal Realism

5. Natural Law


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, The school of jurisprudence that recognizes the existence of higher law, or

law that is morally superior to human laws. - ✔✔Natural Law

The school of jurisprudence which holds that because society requires

authority, a legal and authoritative hierarchy should exist. When a law is

made, therefore, *obedience is expected because authority created it.*

1. Must abide by duly authorized law

2. Law is distinct from morality

3. Moral questions about the law should not interfere with our inclination to

obey it.

4. A judge may write that she is deciding to enforce the law in question but

that her decision does not necessarily mean she sees the law as the

morally correct rule. - ✔✔Legal Positivism

A school of jurisdiction that:

1. Follows tradition or custom to shape the law

2. Is closely linked with the doctrine of stare decisis

3. We assume past practice was the product of careful thought. -

✔✔Historical School (aka tradition or custom)

Judges who follow this school of thought are more likely to depart from past

court decisions to account for the fact that our *society is constantly shifting

and evolving.*
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