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Business Law Chapter 1 & 3 Exam Questions With Correct Solutions.

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Business Law Chapter 1 & 3 Exam Questions With Correct Solutions.

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Business Law Chapter 1 & 3 Exam Questions With Correct
Solutions.
Laws - accurate answers-Enforceable rules governing relationships among
individuals and between individuals and their society.

Jurisprudence - accurate answers-The study of law.

Primary sources of U.S. Law - accurate answers-1. U.S. and state constitution.
2. Statutes/ law passed by congress.
3. Regulations created by administrative agencies.
4. Case law (court decisions).

Secondary sources of U.S. Law - accurate answers-1. Books and articles that
summarize and clarifies the primary sources of law.
2. Legal encyclopedias.
3. Treaties.

Where do courts often refer for guidance in interpreting and applying the
primary sources of law. - accurate answers-Secondary sources of law.

What are sources of American law. - accurate answers-1. Constitutional law.
2. Statutory law.
3. Administrative law.
4. Case law.
5. Common law.

Constitutional law. - accurate answers-The supreme law of the land which
carves out the rights of the federal and state government.

The federal government and the state government have separate written
constitutions. True or False. - accurate answers-True.

What important feature of the constitution does the Tenth amendment
address. - accurate answers-Reserves to the states all powers not granted to
the federal government.

, Statutory law. - accurate answers-Laws made by congress or by legislative
bodies.

What are some examples of statutory laws? - accurate answers-1. Local
ordinances.
2. Federal statute.

Local ordinances. - accurate answers-Statutory laws passed by a city or
county.

What makes up a legislative body. - accurate answers-City, county and
organizations.

Federal statute. - accurate answers-Laws that applies to all the states within a
country.

Statute. - accurate answers-A written law passed by a legislative body.

State Statute. - accurate answers-Laws that applies only within borders of the
state.

What that NCCUSL stand for. - accurate answers-National Conference of
Commissioners on Uniform State Law.

What is a Uniform law. - accurate answers-A model law created by the
NCCUSL which could be adopted or rejected by the states.

Administrative law. - accurate answers-Rules, regulations and orders created
by administrative agencies.

What makes up an administrative agency. - accurate answers-federal, state or
a local government agency which has been established to perform a specific
function.

Enabling legislation. - accurate answers-Is a law created by congress that
authorizes the creation of an administrative agency and specifies the name,
composition, purpose and of the agency being created.

Adjudicate. - accurate answers-Resolving a problem judicially.

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