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Bule GMU exam 1 Questions and Correct Verified Answers Latest Version $12.49   Add to cart

Exam (elaborations)

Bule GMU exam 1 Questions and Correct Verified Answers Latest Version

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  • Course
  • BULW 301
  • Institution
  • BULW 301

Areas of law that may affect business decision making contracts, sales, negotiable instruments, creditors rights, e-commerce, torts, and court decisions Primary sources of law U.S. and state constitutions, statutes or laws passed by congress and state legislatures, regulations made by admi...

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  • October 14, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BULW 301
  • BULW 301
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MASTER01
1 | P a g e | © copyright 2024/2025 | Grade A+




BULW 301 exam 1 Questions and
Correct Verified Answers Latest
Version
Law


✓ consists of enforceable rules governing relationships among individuals

and between individuals and their society




Why do we have laws?


✓ to provide stability, to keep society running, system in place if

something goes wrong




Liability


✓ the state of being legally responsible (liable) for something such as a

debt or obligation




Ethics


✓ the principles governing what constitutes right or wrong behavior




Primary or secondary: US Constitution




Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+

✓ Primary




Primary or secondary: statutory law


✓ primary




Primary or secondary: regulations


✓ primary




primary or secondary: case law and common law doctrines


✓ primary




primary or secondary: encyclopedias


✓ secondary




primary or secondary: treatises


✓ secondary




Primary sources of law describe:


✓ What the law is/origin of the laws




Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+

biggest primary source


✓ U.S. constitution




"Supreme Law of the Land"


✓ U.S. Constitution




Class action lawsuit


✓ people with similar legal injuries sue




True/False: if any law conflicts with the Constitution, the law is rendered

invalid


✓ True




True/False: state laws work in any state


✓ False: State laws only work in their own state




Secondary sources of law are:


✓ restatements of the law




Statutory Law



Master01 | September, 2024/2025 | Latest update

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