BMAL 590 BUSINESS FINANCE ACTUAL
EXAM PAPER 2026 FULL QUESTIONS AND
SOLUTIONS
⩥ Legislative branch. Answer: the Congress
⩥ Judicial branch. Answer: the Courts
⩥ Natural law. Answer: views law as being enshrined in universal moral
and ethical principles.
⩥ Positivist law. Answer: holds law to be the ultimate will of the state
that applies only to the people of a country at a given point in time.
⩥ Historical law. Answer: looks at precedent. Changes may occur from
time to time. Thus, decisions in a particular case are based on precedent
set in similar cases earlier.
⩥ Legal realism. Answer: posits that law derives from social interests,
economic conditions, and public policy.
Legal realism differs from legal formalism in that it separates legal rules
from social and political phenomena.
, ⩥ IRAC Method. Answer: Issue
Rule (Laws)
Analysis (of facts and rules)
Conclusion
⩥ deductive reasoning. Answer: A conclusion arrived at through
deductive reasoning is certain. Mathematics is based on deductive
reasoning.
⩥ inductive reasoning. Answer: A conclusion arrived at through
inductive reasoning is probable, not certain. Science is based on
inductive reasoning.
⩥ General to General Deductive Reasoning. Answer: All mammals are
warm-blooded (Premise One).
All elephants are mammals (Premise Two).
Therefore, all elephants are warm-blooded (Conclusion).
⩥ inductive statement. Answer: disproved through new, empirical
evidence.
⩥ categorical syllogism. Answer: example of general to particular
deductive reasoning
EXAM PAPER 2026 FULL QUESTIONS AND
SOLUTIONS
⩥ Legislative branch. Answer: the Congress
⩥ Judicial branch. Answer: the Courts
⩥ Natural law. Answer: views law as being enshrined in universal moral
and ethical principles.
⩥ Positivist law. Answer: holds law to be the ultimate will of the state
that applies only to the people of a country at a given point in time.
⩥ Historical law. Answer: looks at precedent. Changes may occur from
time to time. Thus, decisions in a particular case are based on precedent
set in similar cases earlier.
⩥ Legal realism. Answer: posits that law derives from social interests,
economic conditions, and public policy.
Legal realism differs from legal formalism in that it separates legal rules
from social and political phenomena.
, ⩥ IRAC Method. Answer: Issue
Rule (Laws)
Analysis (of facts and rules)
Conclusion
⩥ deductive reasoning. Answer: A conclusion arrived at through
deductive reasoning is certain. Mathematics is based on deductive
reasoning.
⩥ inductive reasoning. Answer: A conclusion arrived at through
inductive reasoning is probable, not certain. Science is based on
inductive reasoning.
⩥ General to General Deductive Reasoning. Answer: All mammals are
warm-blooded (Premise One).
All elephants are mammals (Premise Two).
Therefore, all elephants are warm-blooded (Conclusion).
⩥ inductive statement. Answer: disproved through new, empirical
evidence.
⩥ categorical syllogism. Answer: example of general to particular
deductive reasoning
