Business Law Exam 1 (Ch. 1,2,3,6,7) with Answers Rated A
law - -A body of enforceable rules or the relevant state code of laws.
governing relationships among individuals and
between individuals and their society.
ordinances - -A law passed by a local
governing unit, such as a municipality or a
Primary sources of law - -1. The U.S. county.
Constitution and the constitutions of the various Ordinances commonly have to do with city or
states. county land use (zoning ordinances), building
2. Statutory law—including laws passed by and safety codes, and other matters affecting the
Congress, state legislatures, or local governing local community.
bodies.
3. Regulations created by administrative
agencies, such as the Food and Drug uniform law - -A model law created by the
Administration. National Conference of Commissioners on
4. Case law and common law doctrines. Uniform State Laws and/or the American Law
Institute for the states to consider adopting. If the
state adopts the law, it becomes statutory law in
Secondary sources of law - -books and that state. Each state has the option of adopting
articles that summarize and clarify the primary or rejecting all or part of a uniform law
sources of law.
Examples include legal encyclopedias, treatises,
articles in law reviews, and compilations of law, administrative law - -The body of law
such as the Restatements of the Law. created by administrative agencies (in the form of
Courts often refer to secondary sources of law rules, regulations, orders, and decisions) in order
for guidance in interpreting and applying the to carry out their duties and responsibilities.
primary sources of law discussed here.
administrative agency - -A federal, state, or
constitutional law - -Law that is based on local government agency established to perform
the U.S. Constitution and the constitutions of the a specific function. Administrative agencies are
various states. authorized by legislative acts to make and
(supreme law of the land) enforce rules to administer and enforce the acts.
state constitutional law - -Each state in the executive agencies - -An administrative
union has its own constitution. Unless it conflicts agency within the executive branch of
with the U.S. Constitution or a federal law, a government. At the federal level, executive
state constitution is supreme within the state's agencies are those within the cabinet
borders. departments. (ex. FDA, subject to authority of the
president.)
statutory law - -The body of law enacted by
legislative bodies (as opposed to constitutional case law and common law doctrines - -
law, administrative law, or case law). Judge-made law, including interpretations of
When a legislature passes a statute, that statute constitutional provisions, of statutes enacted by
ultimately is included in the federal code of laws legislatures, and of regulations created by
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law - -A body of enforceable rules or the relevant state code of laws.
governing relationships among individuals and
between individuals and their society.
ordinances - -A law passed by a local
governing unit, such as a municipality or a
Primary sources of law - -1. The U.S. county.
Constitution and the constitutions of the various Ordinances commonly have to do with city or
states. county land use (zoning ordinances), building
2. Statutory law—including laws passed by and safety codes, and other matters affecting the
Congress, state legislatures, or local governing local community.
bodies.
3. Regulations created by administrative
agencies, such as the Food and Drug uniform law - -A model law created by the
Administration. National Conference of Commissioners on
4. Case law and common law doctrines. Uniform State Laws and/or the American Law
Institute for the states to consider adopting. If the
state adopts the law, it becomes statutory law in
Secondary sources of law - -books and that state. Each state has the option of adopting
articles that summarize and clarify the primary or rejecting all or part of a uniform law
sources of law.
Examples include legal encyclopedias, treatises,
articles in law reviews, and compilations of law, administrative law - -The body of law
such as the Restatements of the Law. created by administrative agencies (in the form of
Courts often refer to secondary sources of law rules, regulations, orders, and decisions) in order
for guidance in interpreting and applying the to carry out their duties and responsibilities.
primary sources of law discussed here.
administrative agency - -A federal, state, or
constitutional law - -Law that is based on local government agency established to perform
the U.S. Constitution and the constitutions of the a specific function. Administrative agencies are
various states. authorized by legislative acts to make and
(supreme law of the land) enforce rules to administer and enforce the acts.
state constitutional law - -Each state in the executive agencies - -An administrative
union has its own constitution. Unless it conflicts agency within the executive branch of
with the U.S. Constitution or a federal law, a government. At the federal level, executive
state constitution is supreme within the state's agencies are those within the cabinet
borders. departments. (ex. FDA, subject to authority of the
president.)
statutory law - -The body of law enacted by
legislative bodies (as opposed to constitutional case law and common law doctrines - -
law, administrative law, or case law). Judge-made law, including interpretations of
When a legislature passes a statute, that statute constitutional provisions, of statutes enacted by
ultimately is included in the federal code of laws legislatures, and of regulations created by
1/4
