Why do we have to take Business Law ? correct answers A lot of business concepts come from legal concepts. Maximize your business acumen ( good judgment )
What is law ? correct answers The system enforces the rule
Rules correct answers Those rules that society has us enact to engage to certai...
BUL 3130 exam 1 || A+ Guaranteed.
Why do we have to take Business Law ? correct answers A lot of business concepts come from
legal concepts. Maximize your business acumen ( good judgment )
What is law ? correct answers The system enforces the rule
Rules correct answers Those rules that society has us enact to engage to certain activities or
prohibit us to certain activities. " regulating conduct "
Regulating conduct correct answers rules
system correct answers put in place to implement the rules
Jurisprutence correct answers Science or philosophy of law. includes several schools of legal
system
Positivism correct answers Rule-based. Authority based of what society value; appropriate
authority.
The legal Realist correct answers No blind application of the rules, thy are very bias. Ex)
Depending on which jude or jury you get.
Economic correct answers Legal system is a merely reflection of choices in free market
( maximize gain & minimize pain)
Speeding ticket correct answers Ecnomic school of Jurisprutence. non-criminal, the choice of
getting to the destination fast & paying the panalty.
Natural law correct answers Merely reflection of our morals. The god's nature of rights &
wrongs. immoral = illegal ex. murder
Feminist correct answers Merely a reflection of what men want. Laws are not gender-blind.
Females were not involved.
Sociological correct answers Reflection of needs of certain groups. It favors those who created it
and against whose who did not.
Historical School correct answers legal sys is a reflection of historical events that shape the
creation of a society.
US legal system correct answers A combination of all jurisprutence school.
Civil law correct answers law that regulate wrongs btw neighbors. Victims sue suspects directly,
state is indifferent to the case.
, Criminal law correct answers wrongs against society--> being punished for harming society, the
case is viewed as societal threat.
Substantive correct answers rules of what you can and cannot do
Procedural law correct answers law of procedure of how you apply the substantive law
Legal law correct answers when you sue for money ( civil case )
Equitable law correct answers when you want the court to order (Civil Case)
Injunction correct answers (Equitable) Court order to do or refrain from doing specific acts
Restitution correct answers (Equitable) loss-base recover, to get back what you give
Rescission correct answers (Equitable ) Court order to comply to the initial contract
Sources of American law correct answers 1) US constitution
2) Federal treaty
3) Federal Statue
4) Administrative Rules
5) State Constitution
6)State statues
7) County/ City Ordinaries
8) Common law
Common law correct answers Law derived from cases and applied ruling to other people after
that case on a particular issue.
Case of first impression correct answers New case that never occurred before, judge gets to come
up with new ruling and applied that ruling onward.
State Decisis correct answers " Let the decision stands" Obligation to follow the ruling in the
prior case. not allow to deviate from legal president. --> more stable, predictable, more efficient
Push me, Pull me correct answers Change of uncertain direction back and forth.
Dread Scott Case correct answers Slave who sought freedom from being traveled with owner
through a free state. However because he ended up in a slave-state, slave was dictated to be just a
property and not a human
Plezy VS. Ferguson correct answers Challenged separate but equal on the train. He couldn't sit in
the white coach because he is 1/6 black
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