LEGL 2700 Roessing Test 1 Questions And
Answers
JPMorgan and Chase During the housing crisis in 2010, JPMorgan and Chase didn't let
their shareholders in on information that may have impacted their stock decisions. They settled a
wide array of cases costing more than $20 billion.
Law Brings...
JPMorgan and Chase During the housing crisis in 2010, JPMorgan and Chase didn't let
their shareholders in on information that may have impacted their stock decisions. They settled a
wide array of cases costing more than $20 billion.
Law Brings people together.
Stated by state and backed up by enforcement.
Made up of rules.
Written ad Accessable
Hammurabi's Code The first written set of laws
Rule of Law Laws that apply to everyone equally
Property A legal fence that keeps others our without your permission
Ownership Fences Private Property
, LEGL 2700 Roessing Test 1 Questions And
Answers
Public Property
Common Property
Private Property Owned by an individual
Public Property Owned by the government
Common Property Owned by more than one person jointly
Contract Law Enables owner to exchange resources
Tort Law Protects and compensates owner when their resources are wrongfully harmed by
the actions of others
Criminal Law How to convict the accused people for their wrong doings
Regulatory Law Protects ownership and sets private resource limitations
, LEGL 2700 Roessing Test 1 Questions And
Answers
Antitrust Law Forbids owners fro monopolizing resources and sets rules for how
businesses can compete to acquire ownership of new resources
Constitutional Law Involves the interpretation and application of either the federal or state
constitutions
Jurisprudence and its schools Philosophy of law:
-Natural Law
-Positive Law
-Historical School
-Sociological Jurisprudence
-Legal realism
Natural Law Contains the universally moral principles
Positive Law Law is simply the commands of the state backed up by force and
punishments
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