BUL 4421 CHAPTER 1 QUESTIONS
AND CORRECT ANSWERS
Common Law ✅✅CORRECT ANSW-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.
Constitutional Law ✅✅CORRECT ANSW-The general limits and powers of a government as
interpreted from its written constitution.
Cost-Benefit Analysis ✅✅CORRECT ANSW-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 ANSW-A classification of law involving the rights and responsibilities
an individual has with respect to the public as a whole.
CyberLaw ✅✅CORRECT ANSW-A classification of law regulating business activities that are
conducted online.
Identification With The Vulnerable ✅✅CORRECT ANSW-The school of jurisprudence of pursuing
change on the grounds that some higher law or body of moral principles connects all of us in the
human community.
Legal Positivism ✅✅CORRECT ANSW-The school of jurisprudence which holds that because
society requires authority, a legal and authoritarian hierarchy should exist. When a law is made,
therefore, obedience is expected because authority created it.
Administrative Law ✅✅CORRECT ANSW-The collection of rules and decisions made by
administrative agencies to fill in particular details missing from constitutions and statutes.
Business Law ✅✅CORRECT ANSW-The enforceable rules of conduct that govern the actions of
buyers and sellers in market exchanges.
Case Law ✅✅CORRECT ANSW-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.
AND CORRECT ANSWERS
Common Law ✅✅CORRECT ANSW-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.
Constitutional Law ✅✅CORRECT ANSW-The general limits and powers of a government as
interpreted from its written constitution.
Cost-Benefit Analysis ✅✅CORRECT ANSW-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 ANSW-A classification of law involving the rights and responsibilities
an individual has with respect to the public as a whole.
CyberLaw ✅✅CORRECT ANSW-A classification of law regulating business activities that are
conducted online.
Identification With The Vulnerable ✅✅CORRECT ANSW-The school of jurisprudence of pursuing
change on the grounds that some higher law or body of moral principles connects all of us in the
human community.
Legal Positivism ✅✅CORRECT ANSW-The school of jurisprudence which holds that because
society requires authority, a legal and authoritarian hierarchy should exist. When a law is made,
therefore, obedience is expected because authority created it.
Administrative Law ✅✅CORRECT ANSW-The collection of rules and decisions made by
administrative agencies to fill in particular details missing from constitutions and statutes.
Business Law ✅✅CORRECT ANSW-The enforceable rules of conduct that govern the actions of
buyers and sellers in market exchanges.
Case Law ✅✅CORRECT ANSW-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.
