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LEGL 2700 Roessing Test 1 Questions And 100% Correct Answers $14.99   Add to cart

Exam (elaborations)

LEGL 2700 Roessing Test 1 Questions And 100% Correct Answers

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LEGL 2700 Roessing Test 1 Questions And 100% Correct Answers...

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  • November 7, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LEGL 2700 Roessing
  • LEGL 2700 Roessing
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LEGL 2700 Roessing Test 1 Questions And
100% Correct Answers


JPMorgan and Chase - ANSWER 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- ANSWER Brings people together.

Stated by state and backed up by enforcement.

Made up of rules.

Written ad Accessable



Hammurabi's Code- ANSWER The first written set of laws



Rule of Law - ANSWER Laws applied to everyone equally



Property - ANSWER A legal fence that keeps others out without your permission



Ownership Fences - ANSWER Private Property

Public Property

Common Property



Private Property - ANSWER Owned by an individual



Public Property - ANSWER Owned by the government

,Common Property - ANSWER Owned by more than one person jointly



Contract Law - ANSWER Allows owner to exchange resources



Tort Law- ANSWER Protects and compensates owner when their resources are
wrongfully harmed by the actions of others



Criminal Law - ANSWER How to convict the accused people for their wrong doings



Regulatory Law - ANSWER Protects ownership and sets private resource limitations



Antitrust Law - ANSWER Forbids owners fro monopolizing resources and sets rules for
how businesses can compete to acquire ownership of new resources



Constitutional Law - ANSWER Deals with the interpretation and application of either the
federal or state constitutions



Jurisprudence and its schools - ANSWER Philosophy of law:

-Natural Law

-Positive Law

-Historical School

-Sociological Jurisprudence

-Legal realism



Natural Law - ANSWER Comprise the everlasting moral principles



Positive Law - ANSWER There is no such thing as law. Law is simply the commands of
the state backed up by force and punishments

, Historical School - ANSWER Emphasize that existing law today should be concerned
with those legal principles surviving the test of time in a nation



Sociological Jurisprudence - ANSWER Believe that law can and should change as new
developments occur in society



Common Law - ANSWER Emphasize the role of judges in determining what laws mean
and how they should be applied



Civil Law - ANSWER Depends more on legislation than judicial decisions to determine
what the law is



Precendents - ANSWER Previous judge decisions in past court cases



Administrative Law - ANSWER Covers legal principles applicable to government
agencies, bureaus, boards, or commissions



Private Law - ANSWER Covers those legal problems and issues that concern your
private resource relationships



Bank of America - ANSWER Sold morgages and faces substantial losss because of the
2010 recession



Substantive Law - ANSWER Describes the legal relationship between the people and the
state



Procedural Law - ANSWER How is a law carried out



Stare Decisis - ANSWER Doctrine of prior precedents

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