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FGCU BUL 3130 Exam 1 Study Guide with Complete Solutions

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FGCU BUL 3130 Exam 1 Study Guide with Complete Solutions law - Answer-a body of rules of action or conduct prescribed by controlling authority and having binding legal force -creates duties, obligations, and rights that reflect accepted views of a given society jurisprudence - Answer-the science or philosophy of law counsel - Answer-(attorney) business owners and managers work with counsel in one of two formats: 1. in-house counsel 2. law firms statutory law - Answer-The body of law created by the legislature and approved by the executive branch of state and federal government ordinances - Answer-written laws at local level, generally regulate issues such as zoning/health & safety regulations plain meaning rule - Answer-if words in statute have clear/understood meanings, court will apply it in accordance with rule statutory scheme - Answer-the structure of a statute and the format of its mandates common law - Answer-law that is made by the courts, not the legislature EMILLYCHARLOTTE 2024/2025 ACADEMIC YEAR ©2024 ALL RIGHTS RESERVED, FIRST PUBLISH SEPTEMBER 2024 2/13 administrative law - Answer-source of law that regulates the exercise of authority by government agencies (AKA agency law) stare decisis - Answer-the principle that similar cases with similar facts and issues should have the same judicial outcome precedent - Answer-applying the law made in previous cases to current cases with similar facts secondary sources of law - Answer-1. restatements of the law 2. model state statutes drafted legal experts as a model for state legislatures to adopt **secondary sources have no independent authority, nor are they legally binding criminal law - Answer-designed to protect society that result in penalties to the violator such as fines or imprisonment civil law - Answer-laws designed to compensate parties for losses (ex: money) as a result of another's conduct substantive law - Answer-provide individuals with rights and create certain duties procedural law - Answer-provide a structure and set out rules for pursuing substantive rights equitable remedies - Answer-generally include an injunction or restraining order public law - Answer-laws derived from some

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EMILLYCHARLOTTE 2024/2025 ACADEMIC YEAR ©2024 ALL RIGHTS RESERVED,
FIRST PUBLISH SEPTEMBER 2024

FGCU BUL 3130 Exam 1 Study Guide
with Complete Solutions

law - Answer✔✔-a body of rules of action or conduct prescribed by controlling

authority and having binding legal force

-creates duties, obligations, and rights that reflect accepted views of a given society

jurisprudence - Answer✔✔-the science or philosophy of law

counsel - Answer✔✔-(attorney)

business owners and managers work with counsel in one of two formats:

1. in-house counsel

2. law firms

statutory law - Answer✔✔-The body of law created by the legislature and approved

by the executive branch of state and federal government

ordinances - Answer✔✔-written laws at local level, generally regulate issues such as

zoning/health & safety regulations

plain meaning rule - Answer✔✔-if words in statute have clear/understood meanings,

court will apply it in accordance with rule

statutory scheme - Answer✔✔-the structure of a statute and the format of its

mandates

common law - Answer✔✔-law that is made by the courts, not the legislature




1/13

, EMILLYCHARLOTTE 2024/2025 ACADEMIC YEAR ©2024 ALL RIGHTS RESERVED,
FIRST PUBLISH SEPTEMBER 2024
administrative law - Answer✔✔-source of law that regulates the exercise of authority

by government agencies

(AKA agency law)

stare decisis - Answer✔✔-the principle that similar cases with similar facts and issues

should have the same judicial outcome

precedent - Answer✔✔-applying the law made in previous cases to current cases

with similar facts

secondary sources of law - Answer✔✔-1. restatements of the law

2. model state statutes drafted legal experts as a model for state legislatures to adopt



**secondary sources have no independent authority, nor are they legally binding

criminal law - Answer✔✔-designed to protect society that result in penalties to the

violator such as fines or imprisonment

civil law - Answer✔✔-laws designed to compensate parties for losses (ex: money) as

a result of another's conduct

substantive law - Answer✔✔-provide individuals with rights and create certain duties

procedural law - Answer✔✔-provide a structure and set out rules for pursuing

substantive rights

equitable remedies - Answer✔✔-generally include an injunction or restraining order

public law - Answer✔✔-laws derived from some government entity

private law - Answer✔✔-laws recognized as binding between two parties even

though no specific statute or regulation provides for the rights of the parties
2/13

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