Introductory Business Law (CLEP) questions with correct answers

law Correct Answer-a representation of a set of rules or principles established by government or other controlling body that members of society must follow and obey legal system Correct Answer-a system of established laws civil law (code law) Correct Answer-a legal system which has a single comprehensive code as the core of its law common law (case law) Correct Answer-judge-made law, whereby judges make decisions on a case-by-case basis, and those decisions generate a body of rules and principles precedent Correct Answer-previous decisions that set an example or guide for future cases stare decisis Correct Answer-the notion that judges must make decisions based on precedent Congress Correct Answer-the legislative branch of the US Supreme Court Correct Answer-the highest federal court in the US judicial review Correct Answer-the doctrine by which a higher court can overturn a decision made by a lower court checks and balances Correct Answer-t