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LSB 3213 Exam 1 (Okstate) Questions and Answers 100% Guaranteed Pass £10.87
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LSB 3213 Exam 1 (Okstate) Questions and Answers 100% Guaranteed Pass

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LSB 3213 Exam 1 (Okstate) Questions and Answers 100% Guaranteed Pass knowledge of "black-letter" law and what conduct leads to liability is enough - false areas of law that affect business decision making - contracts, intellectual property, product liability, torts, sales, internet law (privac...

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  • December 24, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LSB 3213
  • LSB 3213
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LSB 3213 Exam 1 (Okstate) Questions

and Answers 100% Guaranteed Pass


knowledge of "black-letter" law and what conduct leads to liability is enough

- ✔✔false

areas of law that affect business decision making - ✔✔contracts,

intellectual property, product liability, torts, sales, internet law (privacy),

environmental law

torts defined - ✔✔common law jurisdiction; a civil wrong that causes

someone else to suffer loss

primary sources of law - ✔✔those that establish the law, such as

constitutions, statutes, and regulations

what do secondary sources of law do - ✔✔summarize and clarify the

primary sources (restatements)

deceit defined - ✔✔a promise made without intent of performing it

what is the fourth branch of government - ✔✔administrative law




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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

,what does administrative law consist of - ✔✔federal agencies and

state/local agencies

what law is American law based upon - ✔✔English common law

what do the courts of law do? - ✔✔they grant limited kinds of remedies

what do the courts of equity do - ✔✔they award non-monetary relief

why would anyone use an equity court - ✔✔pride and leverage

what is the hierarchy of primary sources of law - ✔✔US constitution, federal

statutory law, state constitution, state statutory law, local ordinance,

administrative regulations, common law

have equitable maxims lost their relevance in the 21st century - ✔✔no

may a party request both legal and equitable remedies in the same action -

✔✔yes

action of law/equity initiation of lawsuit - ✔✔filing complaint/ filing a petition

action of law/equity parties - ✔✔(plaintiff, defendant)/(petitioner,

respondent)

action of law/equity decision - ✔✔by judge or jury/ by judge

action of law/equity result - ✔✔judgement/decree




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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

, action of law/equity remedy - ✔✔monetary damages/ injunction, specific

performance, or rescission

what amendment grants the right to a jury trial to actions at law - ✔✔7th

what is statutes of limitations - ✔✔a legal defense (self explanatory)

what are laches - ✔✔you waited an unreasonable amount of time to file a

lawsuit

define rescission - ✔✔undo or terminate a contract

define stare decisis - ✔✔a common law doctrine under which judges must

follow precedents established in prior decision

how do judges make their own decisions - ✔✔they apply the law to the

facts of the case

what are the 2 aspects of stare decisis - ✔✔a court should not overturn its

own precedent unless it has a compelling reason not to, decisions made by

higher courts are binding to lower courts

define binding authority - ✔✔any source of law a court must follow when

deciding a case

define a controlling precedent - ✔✔a binding authority that requires a court

to follow prior court decisions in its jurisdiction



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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

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