BUSINESS LAW TEST #1 CHAPTERS 1-5 UPDATED
ACTUAL QUESTIONS AND CORRECT ANSWERS
Question:
1. law
Answer:
enforceable rules governing relationships among individuals and between
individuals and their society
Question:
2. breaches
Answer:
breaks, or fails to perform
Question:
3. primary sources of law
Answer:
1. u.s. constitutions
2. state constitutions
3. statutes passed by congress and states
4. regulations created by administrative agencies
5. case law
Question:
4. secondary sources of law
Answer:
books and articles that summarize and clarify the primary sources of law
Question:
5. constitutional law
Answer:
constitution is basis of all law. all powers not give not federal government are
given to state governments
Question:
6. statutory law
Answer:
laws enacted by legislative bodies at any level including ordinances
, Question:
7. ordinances
Answer:
statutes passed by municipal or county governments
Question:
8. uniform law
Answer:
model statutes all states consider
Question:
9. uniform commercial code
Answer:
very important uniform law accepted by all states that regulates commerce
among states
Question:
10. administrative law
Answer:
rules, orders, decisions of administrative agencies
Question:
11. case law
Answer:
the doctrines and principles announced in cases, governs everything not covered
by statutory law and administrative law
Question:
12. common law
Answer:
a body of general rules that applied throughout the entire english realm
Question:
13. precedent
Answer:
a court decision that furnished an example or authority for deciding subsequent
cases involving identical or similar legal principles or facts
ACTUAL QUESTIONS AND CORRECT ANSWERS
Question:
1. law
Answer:
enforceable rules governing relationships among individuals and between
individuals and their society
Question:
2. breaches
Answer:
breaks, or fails to perform
Question:
3. primary sources of law
Answer:
1. u.s. constitutions
2. state constitutions
3. statutes passed by congress and states
4. regulations created by administrative agencies
5. case law
Question:
4. secondary sources of law
Answer:
books and articles that summarize and clarify the primary sources of law
Question:
5. constitutional law
Answer:
constitution is basis of all law. all powers not give not federal government are
given to state governments
Question:
6. statutory law
Answer:
laws enacted by legislative bodies at any level including ordinances
, Question:
7. ordinances
Answer:
statutes passed by municipal or county governments
Question:
8. uniform law
Answer:
model statutes all states consider
Question:
9. uniform commercial code
Answer:
very important uniform law accepted by all states that regulates commerce
among states
Question:
10. administrative law
Answer:
rules, orders, decisions of administrative agencies
Question:
11. case law
Answer:
the doctrines and principles announced in cases, governs everything not covered
by statutory law and administrative law
Question:
12. common law
Answer:
a body of general rules that applied throughout the entire english realm
Question:
13. precedent
Answer:
a court decision that furnished an example or authority for deciding subsequent
cases involving identical or similar legal principles or facts
