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Business law final EXAM 2026 QUESTIONS AND VERIFIED ANSWERS. A+ SCORE STUDY GUIDE.pdf

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Business law final
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Practice questions for this set


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A written plan of government



Choose an answer



1 Common Law 2 Probate courts



3 Civil law 4 Constitution



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, Terms in this set (57) Hide definitions




Constitution A written plan of government


Common Law - based on the current standards or customs of the people
- formed from the rules of judges to settle people's disputes (case law - passed
by courts/precedent)


Rules and regulations standing plans that describe how a particular action should be performed or what
must happen or not happen in response to a particular event




Stare Decisis Let decision stand. Using previous cases to set a precedent


Scofflaws People who break minor laws and usually lacking in integrity. They asses the risk of
being caught and punished against the benefits they obtain from breaking the law


Civil law Group of laws that make up for private wrongs comitted against individuals or
organizations


Criminal law Group of laws that defines and sets punishments for offenses against society


Intrastate commerce Cases between states


Procedural law Deals with methods (procedures) of enforcing legal rights and duties


Administrative law - federal, state, and local legislatures form administrative agencies
- gov bodies formed to carry out laws
- controlled by exec branch
- legislatures give agencies legislative power


Litigation Take to court


Arbitration - arbitrator holds an informal hearing to determine what happened. Decisiosn is
binding on both parties
- enforceable by court order
- generally private

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