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BUL 4421-Midterm FAU Gendler / STUDY GUIDE – EXPERT VERIFIED ACTUAL QUESTIONS & ANSWERS FOR GUARANTEED PASS | NEWEST UPDATE, Terms in this set (227) Chapter 1: Introduction to Business Law Chapter 1: Introduction to Business Law Relevant areas $22.99
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BUL 4421-Midterm FAU Gendler / STUDY GUIDE – EXPERT VERIFIED ACTUAL QUESTIONS & ANSWERS FOR GUARANTEED PASS | NEWEST UPDATE, Terms in this set (227) Chapter 1: Introduction to Business Law Chapter 1: Introduction to Business Law Relevant areas

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BUL 4421-Midterm FAU Gendler / STUDY GUIDE – EXPERT VERIFIED ACTUAL QUESTIONS & ANSWERS FOR GUARANTEED PASS | NEWEST UPDATE, Terms in this set (227) Chapter 1: Introduction to Business Law Chapter 1: Introduction to Business Law Relevant areas of business law applicable to human recourse...

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  • February 19, 2025
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BUL 4421-Midterm FAU Gendler / STUDY GUIDE –
EXPERT VERIFIED ACTUAL QUESTIONS &
ANSWERS FOR GUARANTEED PASS | NEWEST UPDATE,
2025- 2026


Terms in this set (227)




Chapter 1: Introduction to Chapter 1: Introduction to Business Law
Business Law

Relevant areas of business 1. Agency law
law applicable to human 2. Contracts
recourse management
3. Employment and labor laws
involve (4):
4. Employment discrimination

This type of law regulates Private law
disputes between private
individuals or groups. (Ex:
dispute between landlord
and tenant governed by
private law).


Public law
This type of law regulates
disputes between private
individuals and government.
(Ex: dumping in violation
of state or federal
environmental laws).

,This type of law delineates Civil law
the rights and responsibilities
implied in relationship
between persons, or
between person and their
government.




This type of law regulates Criminal law
incidents in which someone
commits an act against the
public as a whole, such as by
conducting insider trading on
the stock exchange. -
Government is plaintiff




Put these laws in order of - U.S. Constitutions
Hierarchy of Laws: States - Federal Statutes
Statutes, U.S. - State Constitution
Constitutions, Common - State Statutes
Law, state constitution, - Common Law
and Federal Statutes


Collection of legal Common Law (aka Case Law)
interpretations made by
judges, and are law unless
revoked by new statutory
law.


Precedent
Past decisions in similar cases
that guide later decisions
thereby providing greater
stability and predictability to
the law.

,A principle stating that Stare Decisis
rulings made in higher courts
are binding precedent for
lower courts. Latin for
"standing by the decision."




1. Summaries of Restatements of the Law
commonlaw rules in a
particular area of the law
that have been enacted in
most states.
2. They do not carry
theweight of the law but
guide interpretations of
certain principles.


Certain habits of mind and Schools of Jurisprudence
specific beliefs about human
nature. Beliefs are deeply
rooted within a person's
emotions and habits, and
thus they are sure to guide
one's opinions and decisions.
Such beliefs may be
commonly held and create
much larger schools of
thought thus they are more
common guides to legal
interpretation.




1. Cost benefit analysis
2. Historical School
Name the (5) Schools of
3. Legal Positivism
Jurisprudence: CHiLLiN
4. Legal Realism
5. Natural Law

, The school of jurisprudence Natural Law
that recognizes the existence
of higher law, or law that is
morally superior to human
laws.




Legal Positivism

The school of jurisprudence
which holds that because
society requires authority, a
legal and authoritative
hierarchy should exist. When
a law is made, therefore,
obedience is expected
because authority created it.
1. Must abide by
dulyauthorized law
2. Law is distinct
frommorality
3. Moral questions
aboutthe law should not
interfere with our inclination
to obey it.
4. A judge may write
thatshe is deciding to enforce
the law in question but that
her decision does not
necessarily mean she sees
the law as the morally correct
rule.

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