Wgu c713 study - Study guides, Class notes & Summaries

Which kind of law is made when an appellate court endorses a rule to be used in deciding court cases? - Common Law Which kind of law is based on the interpretation of an existing law? - Common Law Which kind of law is enacted by state or federal legislatures? - Statutory Law Which type of law is used when the Federal Communications Commission publishes a regulation on cigarette advertising on television? - Administrative Law The FDA prohibits Drug A from being marketed in the United States...

buyer invests money in a common enterprise and expects profit from others work - Security Government securities, bank securities, short term notes, non profit issues, insurance policy, annuity contracts - Exempt Securities Federal agency that enforces securities laws. - SEC (Securities and Exchange Commission) Bring cease and desist order against those who violate the law and can levy fines or confiscate profits from illegal transactions. - Functions of SEC Criminal action for SEC vio...

the tendency to decide current rulings based on previous cases, only binding in lower courts - precedent judge made law, often created through many precedents - common law gives the right to interpret laws and determine their validity - judicial power legislature to become a law - statutes bill (congress), simple majority in house and senate -> president (veto power) -> 2/3 in house and senate -> statute - laws order to stop doing something - injunction most government agencie...