Business Law 1101 - Midterm 1
Questions and All Correct Answers.
Sources of American Law - Answer -Constitutional Law
-Statutory Law
-Administrative Law
-Case Law and Common Law Doctrines
Constitutional Law - Answer The body of law derived from the U.S. Constitution and the
constitutions of the various states.
Statutory Law - Answer The body of law enacted by legislative bodies (as opposed to
constitutional law, administrative law, or case law).
Administrative Law - Answer The body of law created by administrative agencies (in the form
of rules, regulations, orders, and decisions) in order to carry out their duties and
responsibilities.
Case Law/Common Law - Answer the rules of law announced in court decisions
Ordinances - Answer A regulation enacted by a city or county legislative body that becomes
part of that state's statutory law.
Uniform Law - Answer A model law developed by the National Conference of Commissioners
on Uniform State Laws for the states to consider enacting into statute.
UCC (Uniform Commercial Code) - Answer the body of laws governing commercial
transactions in the US.
stare decisis - Answer A common law doctrine under which judges are obligated to follow
the precedents established in prior decisions
Binding Authority - Answer any source of law that a court must follow when deciding a case
Persuasive Authority - Answer Any legal authority or source of law that a court may look to
for guidance but need not follow when making its decision.
, remedy - Answer The relief given to an innocent party to enforce a right or compensate for
the violation of a right.
remedy at law - Answer A remedy available in a court of law such as money, property, or
land.
remedy in equity - Answer A remedy which is based on settled rules of fairness, justice, and
honesty, and include injunction, specific performance, rescission and restitution, and
reformation.
It's allowed by courts in situations where remedies at law are not appropriate.
Substantive Law - Answer Law that defines, describes, regulates, and creates legal rights and
obligations.
Procedural Law - Answer Law that establishes the methods of enforcing the rights
established by substantive law.
Civil Law - Answer A law that governs relationships between individuals and defines their
legal rights.
Criminal Law - Answer A law that defines crimes against the public order.
National Law - Answer Law that pertains to a particular nation (as opposed to international
law).
International Law - Answer The law that governs relations among nations.
Judicial Review - Answer The process by which a court decides on the constitutionality of
legislative enactments and actions of the executive branch.
Jurisdiction - Answer The authority of a court to hear and decide a specific case.
in personam jurisdiction - Answer jurisdiction over the person
in rem jurisdiction (jurisdiction over the thing) - Answer jurisdiction over property that is
located within its boundaries
Questions and All Correct Answers.
Sources of American Law - Answer -Constitutional Law
-Statutory Law
-Administrative Law
-Case Law and Common Law Doctrines
Constitutional Law - Answer The body of law derived from the U.S. Constitution and the
constitutions of the various states.
Statutory Law - Answer The body of law enacted by legislative bodies (as opposed to
constitutional law, administrative law, or case law).
Administrative Law - Answer The body of law created by administrative agencies (in the form
of rules, regulations, orders, and decisions) in order to carry out their duties and
responsibilities.
Case Law/Common Law - Answer the rules of law announced in court decisions
Ordinances - Answer A regulation enacted by a city or county legislative body that becomes
part of that state's statutory law.
Uniform Law - Answer A model law developed by the National Conference of Commissioners
on Uniform State Laws for the states to consider enacting into statute.
UCC (Uniform Commercial Code) - Answer the body of laws governing commercial
transactions in the US.
stare decisis - Answer A common law doctrine under which judges are obligated to follow
the precedents established in prior decisions
Binding Authority - Answer any source of law that a court must follow when deciding a case
Persuasive Authority - Answer Any legal authority or source of law that a court may look to
for guidance but need not follow when making its decision.
, remedy - Answer The relief given to an innocent party to enforce a right or compensate for
the violation of a right.
remedy at law - Answer A remedy available in a court of law such as money, property, or
land.
remedy in equity - Answer A remedy which is based on settled rules of fairness, justice, and
honesty, and include injunction, specific performance, rescission and restitution, and
reformation.
It's allowed by courts in situations where remedies at law are not appropriate.
Substantive Law - Answer Law that defines, describes, regulates, and creates legal rights and
obligations.
Procedural Law - Answer Law that establishes the methods of enforcing the rights
established by substantive law.
Civil Law - Answer A law that governs relationships between individuals and defines their
legal rights.
Criminal Law - Answer A law that defines crimes against the public order.
National Law - Answer Law that pertains to a particular nation (as opposed to international
law).
International Law - Answer The law that governs relations among nations.
Judicial Review - Answer The process by which a court decides on the constitutionality of
legislative enactments and actions of the executive branch.
Jurisdiction - Answer The authority of a court to hear and decide a specific case.
in personam jurisdiction - Answer jurisdiction over the person
in rem jurisdiction (jurisdiction over the thing) - Answer jurisdiction over property that is
located within its boundaries
