CLEP Introductory Business Law QUESTIONS AND READY ANSWERS 2023/2024

CLEP Introductory Business Law QUESTIONS AND READY ANSWERS 2023/2024 law - correct answer 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 answer a system of established laws civil law (code law) - correct answer a legal system which has a single comprehensive code as the core of its law common law (case law) - correct answer 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 answer previous decisions that set an example or guide for future cases stare decisis - correct answer the notion that judges must make decisions based on precedent Congress - correct answer the legislative branch of the US Supreme Court - correct answer the highest federal court in the US judicial review - correct answer the doctrine by which a higher court can overturn a decision made by a lower court checks and balances - correct answer 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 Bill of Rights - correct answer the first ten amendments to the US Constitution; meant to protect citizens from government intrusion Necessary and Proper Clause - correct answer 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 answer a clause in the US Constitution that establishes that federal law supersedes all state laws uniform laws - correct answer an effort to harmonize all state law by unifying legislation on a given topic Uniform Commercial Code ("UCC") - correct answer an organization that seeks to establish uniform laws for various aspects of commercial law commercial speech - correct answer speech regarding commercial or economic activities strict scrutiny - correct answer 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 answer a clause in the US Constitution that protects a person from being "deprived of life, liberty or property without *due process*" discriminatory laws - correct answer laws that differentiate between people suspect classification - correct answer a classification of groups meeting certain criteria suggesting they are the subject of discrimination quasi-suspect classification - correct answer a suspect classification involves gender and legitimacy intermediate scrutiny - correct answer a test used to determine a law's constitutionality; the law must be substantially tailored to meet an important government interest