Exam (elaborations)
Exam (elaborations) LSB 3213 - OKSTATE
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ENTAILS QUESTIONS AND ANSWERS
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LSB 3213 Exam 1(Okstate) Questions
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, knowledge of "black-letter" law and what conduct leads to liability is enough -
CORRECT ANSWERS-false
areas of law that affect business decision making - CORRECT ANSWERS-contracts,
intellectual property, product liability, torts, sales, internet law (privacy), environmental
law
torts defined - CORRECT ANSWERS-common law jurisdiction; a civil wrong that
causes someone else to suffer loss
primary sources of law - CORRECT ANSWERS-those that establish the law, such as
constitutions, statutes, and regulations
what do secondary sources of law do - CORRECT ANSWERS-summarize and clarify
the primary sources (restatements)
deceit defined - CORRECT ANSWERS-a promise made without intent of performing it
what is the fourth branch of government - CORRECT ANSWERS-administrative law
what does administrative law consist of - CORRECT ANSWERS-federal agencies and
state/local agencies
what law is American law based upon - CORRECT ANSWERS-English common law
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