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Exam- Mid-Term Business Law Study Guide Questions and Answers
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Exam- Mid-Term Business Law Study Guide Questions and Answers
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Exam- Mid-Term Business Law Study Guide Questionsand Answers
What is Statutory Law? Correct-Statutory Law refers to laws that have been passed by the
legislature and have been written down and 'codified' for use
What is Common Law? Correct-Common Law refers to the laws that rely upon the body of
history and prior cases to establish rules
What are some other sources of law? Correct-Precedents, Customs, Legislation, Statutory
Interpretation, Preparatory Works
Which document is considered to be the "Supreme Law of the Land"? Correct-The United
States Constitution
What is the "Bill of Rights"? Correct-The collective name for the first ten amendments to
the U.S. Constitution
What is the 14th Amendment? Correct-The 14th Amendment required equal protection
under the law to all people who reside within each state's jurisdiction (ex: Brown v. Board of
Education)
, Exam- Mid-Term Business Law Study Guide Questions
and Answers
What is the doctrine of "Stare Decisis"? Correct-A legal principle which requires judges to
respect the precedents established by prior decisions (basically to not disturb settled matters)
What is a "precedent"? Correct-A principle or rule established in a legal case that a court
or other judicial body may apply when deciding subsequent cases with similar issues or facts
What is "Criminal Law"? Correct-Refers to those actions that have been declared illegal
What is "Civil Law"? Correct-Deals with disagreements between citizens or organizations
where no apparent crime has been committed
What are the basic judicial requirements in a court matter? Correct-The "boom" - File a
Summons & Complaint - Serve the defendant - File Answer - Discovery Process - Pre-Trial
Motions - Pre-Trial Conference - Jury Selection - Trial
What is "In Personam Jurisdiction"? Correct-Means to have jurisdiction over the person
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