Business Law Exam #1 with correct
answers 100% 2026
why do legal systems evolve? - Correct Answers to encourage and promote stability and order
define law - Correct Answers a body of enforceable rules which govern relationships among and
between individuals and society
defin substantive law - Correct Answers create rights, duties, and privileges consistent with
public policy at the time of enactment
examples of substantive law - Correct Answers legislative acts and judicial pronouncements
define procedural laws - Correct Answers allow institutions to control their internal functions
examples of public law - Correct Answers Constitutional law, Administrative law, and Criminal
law
define public law - Correct Answers involves cases or controversies involving a legislative body
as a party or as the administrator of a legal process
examples of private law - Correct Answers Contracts, Torts, Property
define private law - Correct Answers the injured party seeks to recover for an injury from the
party causing the injury
define common law - Correct Answers came from England. rules and analytical methods used by
judges became law
, define civil law - Correct Answers civil law countries have codified their laws
US and State Constitutions - Correct Answers the basis of the legal system. they represent
supreme law
other legislative acts must... - Correct Answers be consistent with the Constitution or be
rendered void
constitutions prevail over statutes - Correct Answers statutes prevail over judicial decisions
vertical division of powers - Correct Answers the federal government has limited authority to
interfere in state matters
horizontal division of powers - Correct Answers the branches of government have separate
functions and may exercise checks and balances over the other branches
define judicial review - Correct Answers the power of the judiciary to review the actions of the
other branches and to set them aside if in violation of the Constitution
What does legislation include? - Correct Answers acts and orders of legislative bodies: Congress,
state legislatures, city councils
criminal and taxing laws are... - Correct Answers narrowly construed
remedial statues are... - Correct Answers broadly construed
uniform state laws - Correct Answers enacted by the federal government or proposed by the
NCCUSL
answers 100% 2026
why do legal systems evolve? - Correct Answers to encourage and promote stability and order
define law - Correct Answers a body of enforceable rules which govern relationships among and
between individuals and society
defin substantive law - Correct Answers create rights, duties, and privileges consistent with
public policy at the time of enactment
examples of substantive law - Correct Answers legislative acts and judicial pronouncements
define procedural laws - Correct Answers allow institutions to control their internal functions
examples of public law - Correct Answers Constitutional law, Administrative law, and Criminal
law
define public law - Correct Answers involves cases or controversies involving a legislative body
as a party or as the administrator of a legal process
examples of private law - Correct Answers Contracts, Torts, Property
define private law - Correct Answers the injured party seeks to recover for an injury from the
party causing the injury
define common law - Correct Answers came from England. rules and analytical methods used by
judges became law
, define civil law - Correct Answers civil law countries have codified their laws
US and State Constitutions - Correct Answers the basis of the legal system. they represent
supreme law
other legislative acts must... - Correct Answers be consistent with the Constitution or be
rendered void
constitutions prevail over statutes - Correct Answers statutes prevail over judicial decisions
vertical division of powers - Correct Answers the federal government has limited authority to
interfere in state matters
horizontal division of powers - Correct Answers the branches of government have separate
functions and may exercise checks and balances over the other branches
define judicial review - Correct Answers the power of the judiciary to review the actions of the
other branches and to set them aside if in violation of the Constitution
What does legislation include? - Correct Answers acts and orders of legislative bodies: Congress,
state legislatures, city councils
criminal and taxing laws are... - Correct Answers narrowly construed
remedial statues are... - Correct Answers broadly construed
uniform state laws - Correct Answers enacted by the federal government or proposed by the
NCCUSL
