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Introductory Business Law (CLEP) Questions and Answers A+ Guide

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Introductory Business Law (CLEP) Questions and Answers A+ Guide

Institution
Introductory Business Law
Course
Introductory Business Law











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Institution
Introductory Business Law
Course
Introductory Business Law

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Uploaded on
December 17, 2024
Number of pages
39
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

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Introductory Business Law (CLEP)
Questions and Answers A+ Guide
law - correct answers✅✅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 answers✅✅a system of established laws



civil law (code law) - correct answers✅✅a legal system which has a single
comprehensive code as the core of its law



common law (case law) - correct answers✅✅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 answers✅✅previous decisions that set an example or
guide for future cases



stare decisis - correct answers✅✅the notion that judges must make
decisions based on precedent



Congress - correct answers✅✅the legislative branch of the US



Supreme Court - correct answers✅✅the highest federal court in the US



judicial review - correct answers✅✅the doctrine by which a higher court
can overturn a decision made by a lower court



checks and balances - correct answers✅✅the system whereby each
branch of the US government has specific power and authority so that they
balance (or check) the power exercised by other branches

,Introductory Business Law (CLEP)
Questions and Answers A+ Guide


Bill of Rights - correct answers✅✅the first ten amendments to the US
Constitution; meant to protect citizens from government intrusion



Necessary and Proper Clause - correct answers✅✅a clause in the US
Constitution that gives power to Congress to make laws that are deemed
"necessary" for the upholding of the Constitution



Supremacy Clause - correct answers✅✅a clause in the US Constitution
that establishes that federal law supersedes all state laws



uniform laws - correct answers✅✅an effort to harmonize all state law by
unifying legislation on a given topic



Uniform Commercial Code ("UCC") - correct answers✅✅an organization
that seeks to establish uniform laws for various aspects of commercial law



commercial speech - correct answers✅✅speech regarding commercial or
economic activities



strict scrutiny - correct answers✅✅a form of judicial review that requires
a law to further "a compelling government interest" and that the law must
serve a narrow purpose



Due Process Clause - correct answers✅✅a clause in the US Constitution
that protects a person from being "deprived of life, liberty or property
without *due process*"

,Introductory Business Law (CLEP)
Questions and Answers A+ Guide
discriminatory laws - correct answers✅✅laws that differentiate between
people



suspect classification - correct answers✅✅a classification of groups
meeting certain criteria suggesting they are the subject of discrimination



quasi-suspect classification - correct answers✅✅a suspect classification
involves gender and legitimacy



intermediate scrutiny - correct answers✅✅a test used to determine a
law's constitutionality; the law must be substantially tailored to meet an
important government interest



rational basis test - correct answers✅✅a test, referring to the lowest
levels of scrutiny; requires that laws must be rationally related to a
legitimate government interest



criminal law - correct answers✅✅law that addresses crimes and
punishment of crimes



civil law - correct answers✅✅law that regulates the relationships between
parties



federal district court - correct answers✅✅the federal trial court in the US



federal circuit court of appeals (federal court of appeals) - correct
answers✅✅the federal appeals court in the US

, Introductory Business Law (CLEP)
Questions and Answers A+ Guide
writ of certiorari - correct answers✅✅a formal appeals petition to bring a
case before the Supreme Court



original jurisdiction - correct answers✅✅the power of a trials court to hear
a case for the first time



appellate jurisdiction - correct answers✅✅the power of an appeals court
to review decisions of a lower court



remand - correct answers✅✅an action by an appellate court to send a
case back to a lower court for a new trial



de novo - correct answers✅✅a supreme court's power of interpreting
legal rules, while not deferring to a lower court



Federal Rules of Civil Procedures ("Federal Rules") - correct
answers✅✅governing procedures for filing a civil suit in federal court



standing - correct answers✅✅the legal right to bring a suit



injury-in-fact - correct answers✅✅a legally recognizable injury



plaintiff - correct answers✅✅the person bringing a suit



defendant - correct answers✅✅the person being sued in a suit



pleadings - correct answers✅✅the documents parties file in connection
with their lawsuit
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