BUL 4421 CHAPTER 1 EXAM
QUESTIONS AND ANSWERS
Administrative Law - Correct Answers -The collection of rules and decisions made by
administrative agencies to fill in particular details missing from constitutions and
statutes.
Business Law - Correct Answers -The enforceable rules of conduct that govern the
actions of buyers and sellers in market exchanges.
Case Law - Correct Answers -The collection of legal interpretations made by judges.
They are considered to be law unless otherwise revoked by a statutory law. Also known
as common law.
Civil Law - Correct Answers -The body of laws that govern the rights and responsibilities
either between persons or between persons and their government.
Common Law - Correct Answers -The collection of legal interpretations made by judges.
They are considered to be law unless otherwise revoked by a statutory law. Also known
as case law.
Private Law - Correct Answers -Law that involves suits between private individuals or
groups.
Public Law - Correct Answers -Law that involves suits between private individuals or
groups and their governments.
Constitutional Law - Correct Answers -The general limits and powers of a government
as interpreted from its written constitution.
Cost-Benefit Analysis - Correct Answers -An economic school of jurisprudence in which
all costs and benefits of a law are given monetary values. Those laws with the highest
ratios of benefits to costs are then preferable to those with lower ratios.
Criminal Law - Correct Answers -A classification of law involving the rights and
responsibilities an individual has with respect to the public as a whole.
CyberLaw - Correct Answers -A classification of law regulating business activities that
are conducted online.
QUESTIONS AND ANSWERS
Administrative Law - Correct Answers -The collection of rules and decisions made by
administrative agencies to fill in particular details missing from constitutions and
statutes.
Business Law - Correct Answers -The enforceable rules of conduct that govern the
actions of buyers and sellers in market exchanges.
Case Law - Correct Answers -The collection of legal interpretations made by judges.
They are considered to be law unless otherwise revoked by a statutory law. Also known
as common law.
Civil Law - Correct Answers -The body of laws that govern the rights and responsibilities
either between persons or between persons and their government.
Common Law - Correct Answers -The collection of legal interpretations made by judges.
They are considered to be law unless otherwise revoked by a statutory law. Also known
as case law.
Private Law - Correct Answers -Law that involves suits between private individuals or
groups.
Public Law - Correct Answers -Law that involves suits between private individuals or
groups and their governments.
Constitutional Law - Correct Answers -The general limits and powers of a government
as interpreted from its written constitution.
Cost-Benefit Analysis - Correct Answers -An economic school of jurisprudence in which
all costs and benefits of a law are given monetary values. Those laws with the highest
ratios of benefits to costs are then preferable to those with lower ratios.
Criminal Law - Correct Answers -A classification of law involving the rights and
responsibilities an individual has with respect to the public as a whole.
CyberLaw - Correct Answers -A classification of law regulating business activities that
are conducted online.
