BMAL 590 BUSINESS FINANCE
EXAMINATION TEST 2026 COMPLETE
QUESTIONS AND ANSWERS GRADED A+
⩥ Public Law. Answer: Relates to the ability of society to take action
against those whose actions are considered to be against the law.
⩥ Private Law. Answer: Relates to the ability of individuals to initiate
action against others (to sue one another)
⩥ Federal Laws. Answer: Federal laws are passed by Congress and
signed into law by the president.
⩥ State Law. Answer: State laws are passed by the state legislatures and
signed into law by the governor
⩥ Executive branch. Answer: the President and the Administration
⩥ 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.
EXAMINATION TEST 2026 COMPLETE
QUESTIONS AND ANSWERS GRADED A+
⩥ Public Law. Answer: Relates to the ability of society to take action
against those whose actions are considered to be against the law.
⩥ Private Law. Answer: Relates to the ability of individuals to initiate
action against others (to sue one another)
⩥ Federal Laws. Answer: Federal laws are passed by Congress and
signed into law by the president.
⩥ State Law. Answer: State laws are passed by the state legislatures and
signed into law by the governor
⩥ Executive branch. Answer: the President and the Administration
⩥ 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.
