The Legal Environment Of Business Exam 1 Questions and
Correct Detailed Answers with Rationales (Verified
Answers) |Already Graded A+
TERMS IN THIS SET (117) QUESTIONS VERIFIED ANSWERS
1. Definition of Law There is no defined answer
2. What does law provide? influences behaviors of society
resolves disputes
maintain important social values
provide a method of social change
3. Branches of Govt as Sources of Law Legislative Branch (Congress:
passes statutes)
Executive Branch (President/Admin:
issues regulations)
Judicial Branch (Supreme Court)
4. Other Sources of Law The Constitution
State Constitution (statutory law)
Administrative Law
, Common Law: Case Law
5. The Constitution fundamental laws
principles that sets general powers,
organization, and limits on Fed Govt
seperation of powers
highest legal authority
6. Common Law based on rulings by judges or
precedent to resolve disputes among
private parties (contract, property,
tort law)
7. Case law dispute between 2 or more parities
8. Precedent a decision on a previous case used to
guide a decision in similar fact in a
current case
9. Stare Decisis Doctrine means "to stand on decided cases"
10. Who can issue Executive orders? President or Governor
11. Civil Law is: the rights and responsibilities that
exist between individuals of society
or the govt.
non-criminial
Contract Law
Tort Law
12. Contract Law eg House insurance
, Forming a business
13. Examples of torts Battery
Defamation
Medical malpractice
14. if "found liable of civil wrong" you pay damages
15. Preponderance of Evidence lower standard of proof compared to
criminal cases
16. Criminal Law: governs and defines the legal wrongs
or crimes agains society.
State brings to court
fined or imprisoned
17. Misdemeanor Lesser Crime
simple assault
trespassing
disturbing the peace
18. Felony most serious
homicide
burglary/robbery
manslaughter
19. Beyond Reasonable doubt Criminal Law: evidence must be
100% clear
20. Substantive Law Statutory or written law that defines
and establishes the legal rights and
Correct Detailed Answers with Rationales (Verified
Answers) |Already Graded A+
TERMS IN THIS SET (117) QUESTIONS VERIFIED ANSWERS
1. Definition of Law There is no defined answer
2. What does law provide? influences behaviors of society
resolves disputes
maintain important social values
provide a method of social change
3. Branches of Govt as Sources of Law Legislative Branch (Congress:
passes statutes)
Executive Branch (President/Admin:
issues regulations)
Judicial Branch (Supreme Court)
4. Other Sources of Law The Constitution
State Constitution (statutory law)
Administrative Law
, Common Law: Case Law
5. The Constitution fundamental laws
principles that sets general powers,
organization, and limits on Fed Govt
seperation of powers
highest legal authority
6. Common Law based on rulings by judges or
precedent to resolve disputes among
private parties (contract, property,
tort law)
7. Case law dispute between 2 or more parities
8. Precedent a decision on a previous case used to
guide a decision in similar fact in a
current case
9. Stare Decisis Doctrine means "to stand on decided cases"
10. Who can issue Executive orders? President or Governor
11. Civil Law is: the rights and responsibilities that
exist between individuals of society
or the govt.
non-criminial
Contract Law
Tort Law
12. Contract Law eg House insurance
, Forming a business
13. Examples of torts Battery
Defamation
Medical malpractice
14. if "found liable of civil wrong" you pay damages
15. Preponderance of Evidence lower standard of proof compared to
criminal cases
16. Criminal Law: governs and defines the legal wrongs
or crimes agains society.
State brings to court
fined or imprisoned
17. Misdemeanor Lesser Crime
simple assault
trespassing
disturbing the peace
18. Felony most serious
homicide
burglary/robbery
manslaughter
19. Beyond Reasonable doubt Criminal Law: evidence must be
100% clear
20. Substantive Law Statutory or written law that defines
and establishes the legal rights and
