8.BUSINESS LAW REVISION QUESTION WITH CERTIFIED ANSWERS
Why do legal systems evolve? - correct answer to encourage and promote stability and order
Define law - correct answer a body of enforceable rules which govern relationships among and
between individuals and society
Define substantive law - correct answer create rights, duties, and privileges consistent with
public policy at the time of enactment
Examples of substantive law - correct answer legislative acts and judicial pronouncements
Define procedural laws - correct answer allow institutions to control their internal functions
Examples of public law - correct answer constitutional law, administrative law, and criminal law
Define public law - correct answer involves cases or controversies involving a legislative body as
a party or as the administrator of a legal process
Examples of private law - correct answer contracts, torts, property
Define private law - correct answer the injured party seeks to recover for an injury from the
party causing the injury
Define common law - correct answer came from england. Rules and analytical methods used by
judges became law
Define civil law - correct answer civil law countries have codified their laws
, Us and state constitutions - correct answer the basis of the legal system. They represent
supreme law
Other legislative acts must... - correct answer be consistent with the constitution or be
rendered void
Constitutions prevail over statutes - correct answer statutes prevail over judicial decisions
Vertical division of powers - correct answer the federal government has limited authority to
interfere in state matters
Horizontal division of powers - correct answer the branches of government have separate
functions and may exercise checks and balances over the other branches
Define judicial review - correct answer the power of the judiciary to review the actions of the
other branches and to set them aside if in violation of the constitution
What does legislation include? - correct answer acts and orders of legislative bodies: congress,
state legislatures, city councils
Criminal and taxing laws are... - correct answer narrowly construed
Remedial statues are... - correct answer broadly construed
Uniform state laws - correct answer enacted by the federal government or proposed by the
nccusl
Define stare decisis - correct answer once a case has established a precedent, it should be
followed in subsequent cases involving the same issues
Why do legal systems evolve? - correct answer to encourage and promote stability and order
Define law - correct answer a body of enforceable rules which govern relationships among and
between individuals and society
Define substantive law - correct answer create rights, duties, and privileges consistent with
public policy at the time of enactment
Examples of substantive law - correct answer legislative acts and judicial pronouncements
Define procedural laws - correct answer allow institutions to control their internal functions
Examples of public law - correct answer constitutional law, administrative law, and criminal law
Define public law - correct answer involves cases or controversies involving a legislative body as
a party or as the administrator of a legal process
Examples of private law - correct answer contracts, torts, property
Define private law - correct answer the injured party seeks to recover for an injury from the
party causing the injury
Define common law - correct answer came from england. Rules and analytical methods used by
judges became law
Define civil law - correct answer civil law countries have codified their laws
, Us and state constitutions - correct answer the basis of the legal system. They represent
supreme law
Other legislative acts must... - correct answer be consistent with the constitution or be
rendered void
Constitutions prevail over statutes - correct answer statutes prevail over judicial decisions
Vertical division of powers - correct answer the federal government has limited authority to
interfere in state matters
Horizontal division of powers - correct answer the branches of government have separate
functions and may exercise checks and balances over the other branches
Define judicial review - correct answer the power of the judiciary to review the actions of the
other branches and to set them aside if in violation of the constitution
What does legislation include? - correct answer acts and orders of legislative bodies: congress,
state legislatures, city councils
Criminal and taxing laws are... - correct answer narrowly construed
Remedial statues are... - correct answer broadly construed
Uniform state laws - correct answer enacted by the federal government or proposed by the
nccusl
Define stare decisis - correct answer once a case has established a precedent, it should be
followed in subsequent cases involving the same issues
