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Exam (elaborations)

Bus 263 Exam 1 Updated Actual Questions And Correct Answers

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BUS 263 EXAM 1 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

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BUS 263 EXAM 1 UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS

Question:
1. Plaintiff

Answer:
a person who brings a lawsuit against another

Question:
2. Defendant

Answer:
a person against whom a lawsuit is brought or who is charged with a violation of
the law

Question:
3. Stare Decisis

Answer:
practice of relying on previous decisions in which similar disputes arose

Question:
4. Common Law

Answer:
body of recorded decisions that courts refer to and rely upon when making later
legal decisions

Question:
5. Precedent

Answer:
model case that a court can follow when facing a similar situation

Question:
6. Case Law

Answer:
effects of court decisions that involved the same or similar facts

Question:
7. Statutory Law

Answer:
field of law involving statutes, which are laws passed by Congress or by state
legislatures.

, Question:
8. Ordinance

Answer:
law passed by a local government
(ex. City Council)

Question:
9. Administrative Law

Answer:
body of rules, regulations, and decisions created by administrative agencies

Question:
10. Uniform Commercial Code (UCC)

Answer:
a set of laws that govern various commercial transactions and that are designed to
bring uniformity to the laws of the states

Question:
11. Moral Law

Answer:
unenforceable obligations that people have to one another
(ex. see someone drowning, morally you should try to help)

Question:
12. Jurisdiction

Answer:
authority of a court to hear and decide cases (limited to certain
cases/geographical locations)

Question:
13. Original Jurisdiction

Answer:
court is authorized to hear and decide a case when first presented

Question:
14. Appellate Jurisdiction

Answer:
power to review decisions of another court

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