©JUSTTRACY EXAM SOLUTIONS
07/11/2024 2:06pm
LEGL 2700 EPSTEIN TEST 1 Questions And Answer
IRAC - answers✔✔what is the test to determine what a law is
issue, rule, analysis, conclusion - answers✔✔what does IRAC stand for
rule of law - answers✔✔laws are generally and equally applied and requires solid, stable
institutions (no one is above the law)
property - answers✔✔the right to possess resources and shield from others
common law - answers✔✔judge-made law
stare decises - answers✔✔precedent; let the prior decision stand
civil law - answers✔✔relies heavier on legislation
criminal law - answers✔✔laws for which the punishments include death, imprisonment,
fines, etc
civil law - answers✔✔laws for which the punishments include compensatory damages, etc.
corporation - answers✔✔owned by shareholders; organized by a board of directors who
oversee the business and hire officers to hire other employees
corporate governance - answers✔✔the system of governing a company so that the interests of
corporate owners and other stakeholders are protected
, ©JUSTTRACY EXAM SOLUTIONS
07/11/2024 2:06pm
articles of confederation - answers✔✔a weak constitution that included a strong sovereignty
of the states, weak central government, and concern over economic issues
horizontal separation of powers - answers✔✔the government is separated into different
branches to make sure the power isn't completely centralized; legislative- make laws,
executive- enforce laws, judiciary- fair process, interpret, or invalidate laws
vertical separation of powers - answers✔✔between federal and state governments; caused by
federalism; 10th amendment states that powers not reserved for the government are for the
states
supremacy clause - answers✔✔clause that states that the constitution is supreme over all
other laws; federal law is supreme over state laws
express preemption - answers✔✔the higher level law states with words that it is the more
important law
implied preemption - answers✔✔when the preemption isn't written out exactly; can't comply
with both state and federal, so you comply with federal
commerce clause - answers✔✔clause that regulates foreign and interstate commerce; fed gov
holds the power to regulate persons engaged in activities affecting interstate commerce
dormant commerce clause - answers✔✔not written in the constitution; restricts states from
economically discriminating against other states
contract clause - answers✔✔clause that states "no state shall... pass any... law impairing the
obligation of contracts"
bill of rights - answers✔✔first 10 amendments to the constitution; prohibitions on gov power
that defines citizens' personal freedoms; not absolute
07/11/2024 2:06pm
LEGL 2700 EPSTEIN TEST 1 Questions And Answer
IRAC - answers✔✔what is the test to determine what a law is
issue, rule, analysis, conclusion - answers✔✔what does IRAC stand for
rule of law - answers✔✔laws are generally and equally applied and requires solid, stable
institutions (no one is above the law)
property - answers✔✔the right to possess resources and shield from others
common law - answers✔✔judge-made law
stare decises - answers✔✔precedent; let the prior decision stand
civil law - answers✔✔relies heavier on legislation
criminal law - answers✔✔laws for which the punishments include death, imprisonment,
fines, etc
civil law - answers✔✔laws for which the punishments include compensatory damages, etc.
corporation - answers✔✔owned by shareholders; organized by a board of directors who
oversee the business and hire officers to hire other employees
corporate governance - answers✔✔the system of governing a company so that the interests of
corporate owners and other stakeholders are protected
, ©JUSTTRACY EXAM SOLUTIONS
07/11/2024 2:06pm
articles of confederation - answers✔✔a weak constitution that included a strong sovereignty
of the states, weak central government, and concern over economic issues
horizontal separation of powers - answers✔✔the government is separated into different
branches to make sure the power isn't completely centralized; legislative- make laws,
executive- enforce laws, judiciary- fair process, interpret, or invalidate laws
vertical separation of powers - answers✔✔between federal and state governments; caused by
federalism; 10th amendment states that powers not reserved for the government are for the
states
supremacy clause - answers✔✔clause that states that the constitution is supreme over all
other laws; federal law is supreme over state laws
express preemption - answers✔✔the higher level law states with words that it is the more
important law
implied preemption - answers✔✔when the preemption isn't written out exactly; can't comply
with both state and federal, so you comply with federal
commerce clause - answers✔✔clause that regulates foreign and interstate commerce; fed gov
holds the power to regulate persons engaged in activities affecting interstate commerce
dormant commerce clause - answers✔✔not written in the constitution; restricts states from
economically discriminating against other states
contract clause - answers✔✔clause that states "no state shall... pass any... law impairing the
obligation of contracts"
bill of rights - answers✔✔first 10 amendments to the constitution; prohibitions on gov power
that defines citizens' personal freedoms; not absolute
