Business Law FBLA Question and Answer
[2026] | UPDATED ACTUAL Exam | Final
Review
• Federal, State, Local Law differences -✓✓ Federal law dictates the whole
country, state dictates individual states, and local dictates individual cities.
• Federal law -✓✓ Highest laws and can overrule state and local laws. If the rights
arent stated in constittution, state has the power to govern them
• State law -✓✓ 2nd highest and can overrule local laws. Specific laws for each
state Federal law can overrule state law
• Local law -✓✓ Lowest laws and can be overruled by federal and state laws.
specific laws for each city
• Define, identify, and describe statuatory law -✓✓ law established by act of
legislature signed by executive. creates order and safety. If bill is passed by Senate
and HOR, signed by president, and not vetoed, the bill is a statue/law.
• Federal court -✓✓ SCOTUS, highest court, must be appealed many times to get
to here.
• Court of appeals -✓✓ 13 circuits, 12 regional and 1 federal, appealed from
district courts
• District courts -✓✓ 94 districts, used to settle disputes. can be appealed and
retrialed.
, • Lawyer -✓✓ advises and represents clients in legal matters
• Attorney -✓✓ admitted to practicing law by jurisdiction
• judge -✓✓ public official who makes ruling in court
• paralegal -✓✓ professional who works under lawyer and gathers case info
• Criminal Law -✓✓ laws concerned with crime and puishment of criminals.
Appear on court, bail bond, seek lawyer, court dates, trial, sentencing or release.
• Civil Law -✓✓ Laws pertaining to people, relationships, or possessions. pleading,
discovery, trial, verdict, appeal.
• Business Law -✓✓ determines establishment and regulations of businesses and
corporate entities.
• misdemeanor -✓✓ minor wrongdoing. dui, shoplifting, narcotic possesion, petty
theft, simple battery, tresspassing, resisting, cyberbullying.
• felony -✓✓ serious crime punhiable by more than one year in jail. aggravated
assult, murder, drug trafficking, burglary, embezzlement, fraud, treason, domestic
violence.
• crime vs tort -✓✓ crime affects society. tort affects specific individual.
[2026] | UPDATED ACTUAL Exam | Final
Review
• Federal, State, Local Law differences -✓✓ Federal law dictates the whole
country, state dictates individual states, and local dictates individual cities.
• Federal law -✓✓ Highest laws and can overrule state and local laws. If the rights
arent stated in constittution, state has the power to govern them
• State law -✓✓ 2nd highest and can overrule local laws. Specific laws for each
state Federal law can overrule state law
• Local law -✓✓ Lowest laws and can be overruled by federal and state laws.
specific laws for each city
• Define, identify, and describe statuatory law -✓✓ law established by act of
legislature signed by executive. creates order and safety. If bill is passed by Senate
and HOR, signed by president, and not vetoed, the bill is a statue/law.
• Federal court -✓✓ SCOTUS, highest court, must be appealed many times to get
to here.
• Court of appeals -✓✓ 13 circuits, 12 regional and 1 federal, appealed from
district courts
• District courts -✓✓ 94 districts, used to settle disputes. can be appealed and
retrialed.
, • Lawyer -✓✓ advises and represents clients in legal matters
• Attorney -✓✓ admitted to practicing law by jurisdiction
• judge -✓✓ public official who makes ruling in court
• paralegal -✓✓ professional who works under lawyer and gathers case info
• Criminal Law -✓✓ laws concerned with crime and puishment of criminals.
Appear on court, bail bond, seek lawyer, court dates, trial, sentencing or release.
• Civil Law -✓✓ Laws pertaining to people, relationships, or possessions. pleading,
discovery, trial, verdict, appeal.
• Business Law -✓✓ determines establishment and regulations of businesses and
corporate entities.
• misdemeanor -✓✓ minor wrongdoing. dui, shoplifting, narcotic possesion, petty
theft, simple battery, tresspassing, resisting, cyberbullying.
• felony -✓✓ serious crime punhiable by more than one year in jail. aggravated
assult, murder, drug trafficking, burglary, embezzlement, fraud, treason, domestic
violence.
• crime vs tort -✓✓ crime affects society. tort affects specific individual.
