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LEGL 2700 Roessing Test 1 Questions and Answers (100% Pass)
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LEGL 2700 Roessing Test 1 Questions and Answers (100% Pass)
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1|Page | © copyright 2024/2025 | Grade A+LEGL 2700 Roessing Test 1 Questions
and Answers (100% Pass)
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
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
Property
✓ A legal fence that keeps others our without your permission
Ownership Fences
✓ Private Property
✓ 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
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
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
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
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ 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
Historical School
✓ Emphasizes that contemporary law should focus on legal principles
that have withstood the test of time in a nation
Sociological Jurisprudence
Master01 | October, 2024/2025 | Latest update
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