Test 1 LEGL 2700 UPDATED ACTUAL Questions and
CORRECT Answers
, Law A rule that tells people what they can or cannot do
and provides an enforcement mechanism
Enforcement mechanism The system that ensures laws are followed, such as
courts, police, and agencies
Rule of law The principle that everyone, including the
government, must follow the law
Property Something that can be owned
Ownership The legal right to exclude others from a resource
Real property Land and buildings attached to land
Tangible personal property Physical, movable items
Intangible property Non-physical property such as patents,
trademarks, and copyrights
Private property Property owned by individuals or businesses
Common law system A legal system based on judicial decisions and
precedent
Civil law system A legal system based primarily on written statutes
and codes
CORRECT Answers
, Law A rule that tells people what they can or cannot do
and provides an enforcement mechanism
Enforcement mechanism The system that ensures laws are followed, such as
courts, police, and agencies
Rule of law The principle that everyone, including the
government, must follow the law
Property Something that can be owned
Ownership The legal right to exclude others from a resource
Real property Land and buildings attached to land
Tangible personal property Physical, movable items
Intangible property Non-physical property such as patents,
trademarks, and copyrights
Private property Property owned by individuals or businesses
Common law system A legal system based on judicial decisions and
precedent
Civil law system A legal system based primarily on written statutes
and codes
