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LPP 255 Exam With Verified Solution
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LPP 255 Exam With Verified Solution ...
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LPP 255 Exam WithVerified Solution
Law Merchant - Answer medieval legal system prevalent in Europe that established
practical rules of commerce and trade
Legislative Laws - Answer laws, including the federal Constitution and state
constitutions, that have been passed by legislative bodies
Judicial Pronouncements - Answer Legal statements made by courts. Based on
statutory interpretation or common law.
Procedural Laws - Answer laws that establish how laws are applied and enforced-how
legal proceedings take place
Substantive Law - Answer laws that regulate and control the rights and duties of
persons and are used to resolve disputes
Procedural Law - Answer laws that establish the process by which litigation is
conducted
Sources of Law - Answer Constitution, Statute, Court decisions, administrative agency
regulations
Separation of Powers - Answer the doctrine that the legislative, executive, and judicial
branches of government function independently of another and that each branch serves
as a check on the others
Judicial Review - Answer the power of courts to declare laws and executive actions
unconstitutional
Statute - Answer A law passed by Congress or by a state legislature
Ordinance - Answer generally speaking, the legislative act of a municipality (a city
council is a legislative body, and it passes ordinances that are the laws of the city)
Code - Answer a collection or compilation of the statutes passed by a legislative body on
a particular subject
Common Law - Answer that body of law deriving from judicial decisions
Civil Law - Answer a system of law based on legislation or codes, as in the European
system of codified law
stare decisis - Answer The doctrine that law should adhere to decided cases and "stand
, by the decision"
res judicata - Answer the legal doctrine that once a dispute is litigated and resolved,
these parties are forever barred from litigating the same matter again - "the thing has
been decided"
dicta - Answer statements of the court that are not necessary to decide the controversy
before the court
conflict of laws - Answer a body of legal principles used to determine that appropriate
law to apply to a litigated case when more than one state is involved
Indictment - Answer a grand jury's finding that it has probable cause to believe there is
sufficient evidence to require that the accused be tried and that informs the accused of
the offense with which he/she is charged so the accused may prepare a defense
Jurisdiction - Answer the court's power or authority to conduct trials and decide cases
Legal Remedies - Answer relief sought from a court, involving monetary damages
Equitable Remedies - Answer any form of relief that does not involve a request for
monetary damages
Decree - Answer the decision of the chancellor (judge) in a suit in equity that, like a
judgment at law, is the determination of the rights between the parties
Ethics - Answer determining how one should act based on a group's determination of
right and wrong
Morals - Answer personal principles, associated with one's conscience, that guide an
individual in determining right and wrong
Business ethics - Answer the application of ethical behavior in a business context
rights/duties system - Answer A variety of philosophical theories holding that rights and
duties flow from fundamental human precepts
consequential system - Answer a number of philosophical theories based on the idea of
whether an action is ethical and determined by examining the consequences of the
proposed action
game theory - Answer Business owes a duty to society to conduct commerce in a
manner that follows the accepted rules for conducting the "game" of business
Social Contract Theory - Answer Business owes a duty to society to conduct commerce
that reflects the viewpoints of segments of society not central to a business transaction
Corporate Social Responsibility (CSR) - Answer an approach to conducting business
that takes into consideration internal and external communities
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