2/28/26, 11:06 AM BUL 4421-Midterm FAU Gendler Exam (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026…
BUL 4421-Midterm FAU Gendler Exam (Recent
exam) Fully solved & updated 2026 Most
COMPLETE (2026) (Latest Update 2026) UPDATE!!
Save
Terms in this set (227)
Chapter 1: Introduction to Business Chapter 1: Introduction to Business Law
Law
Relevant areas of business law 1. Agency law
applicable to human recourse 2. Contracts
management involve (4): 3. Employment and labor laws
4. Employment discrimination
This type of law regulates disputes Private law
between private individuals or
groups.
(Ex: dispute between landlord and
tenant governed by private law).
This type of law regulates disputes Public law
between private individuals and
government.
(Ex: dumping in violation of state or
federal environmental laws).
https://quizlet.com/1149704919/bul-4421-midterm-fau-gendler-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026… 1/40
,2/28/26, 11:06 AM BUL 4421-Midterm FAU Gendler Exam (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026…
This type of law delineates the rights Civil law
and responsibilities implied in
relationship between persons, or
between person and their
government.
This type of law regulates incidents Criminal law
in which someone commits an act
against the public as a whole, such
as by conducting insider trading on
the stock exchange.
- Government is plaintiff
Put these laws in order of Hierarchy - U.S. Constitutions
of Laws: States Statutes, U.S. - Federal Statutes
Constitutions, Common Law, state - State Constitution
constitution, and Federal Statutes - State Statutes
- Common Law
Collection of legal interpretations Common Law (aka Case Law)
made by judges, and are law unless
revoked by new statutory law.
Past decisions in similar cases that Precedent
guide later decisions thereby
providing greater stability and
predictability to the law.
A principle stating that rulings made Stare Decisis
in higher courts are binding
precedent for lower courts. Latin for
"standing by the decision."
https://quizlet.com/1149704919/bul-4421-midterm-fau-gendler-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026… 2/40
,2/28/26, 11:06 AM BUL 4421-Midterm FAU Gendler Exam (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026…
1. Summaries of common law rules in Restatements of the Law
a particular area of the law that have
been enacted in most states.
2. They do not carry the weight of
the law but guide interpretations of
certain principles.
Certain habits of mind and specific Schools of Jurisprudence
beliefs about human nature. Beliefs
are deeply rooted within a person's
emotions and habits, and thus they
are sure to guide one's opinions and
decisions. Such beliefs may be
commonly held and create much
larger schools of thought thus they
are more common guides to legal
interpretation.
Name the (5) Schools of 1. Cost benefit analysis
Jurisprudence: CHiLLiN 2. Historical School
3. Legal Positivism
4. Legal Realism
5. Natural Law
The school of jurisprudence that Natural Law
recognizes the existence of higher
law, or law that is morally superior to
human laws.
https://quizlet.com/1149704919/bul-4421-midterm-fau-gendler-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026… 3/40
, 2/28/26, 11:06 AM BUL 4421-Midterm FAU Gendler Exam (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026…
The school of jurisprudence which Legal Positivism
holds that because society requires
authority, a legal and authoritative
hierarchy should exist. When a law is
made, therefore, obedience is
expected because authority
created it.
1. Must abide by duly authorized law
2. Law is distinct from morality
3. Moral questions about the law
should not interfere with our
inclination to obey it.
4. A judge may write that she is
deciding to enforce the law in
question but that her decision does
not necessarily mean she sees the
law as the morally correct rule.
A school of jurisdiction that: Historical School (aka tradition or custom)
1. Follows tradition or custom to
shape the law
2. Is closely linked with the doctrine
of stare decisis
3. We assume past practice was the
product of careful thought.
https://quizlet.com/1149704919/bul-4421-midterm-fau-gendler-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026… 4/40
BUL 4421-Midterm FAU Gendler Exam (Recent
exam) Fully solved & updated 2026 Most
COMPLETE (2026) (Latest Update 2026) UPDATE!!
Save
Terms in this set (227)
Chapter 1: Introduction to Business Chapter 1: Introduction to Business Law
Law
Relevant areas of business law 1. Agency law
applicable to human recourse 2. Contracts
management involve (4): 3. Employment and labor laws
4. Employment discrimination
This type of law regulates disputes Private law
between private individuals or
groups.
(Ex: dispute between landlord and
tenant governed by private law).
This type of law regulates disputes Public law
between private individuals and
government.
(Ex: dumping in violation of state or
federal environmental laws).
https://quizlet.com/1149704919/bul-4421-midterm-fau-gendler-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026… 1/40
,2/28/26, 11:06 AM BUL 4421-Midterm FAU Gendler Exam (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026…
This type of law delineates the rights Civil law
and responsibilities implied in
relationship between persons, or
between person and their
government.
This type of law regulates incidents Criminal law
in which someone commits an act
against the public as a whole, such
as by conducting insider trading on
the stock exchange.
- Government is plaintiff
Put these laws in order of Hierarchy - U.S. Constitutions
of Laws: States Statutes, U.S. - Federal Statutes
Constitutions, Common Law, state - State Constitution
constitution, and Federal Statutes - State Statutes
- Common Law
Collection of legal interpretations Common Law (aka Case Law)
made by judges, and are law unless
revoked by new statutory law.
Past decisions in similar cases that Precedent
guide later decisions thereby
providing greater stability and
predictability to the law.
A principle stating that rulings made Stare Decisis
in higher courts are binding
precedent for lower courts. Latin for
"standing by the decision."
https://quizlet.com/1149704919/bul-4421-midterm-fau-gendler-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026… 2/40
,2/28/26, 11:06 AM BUL 4421-Midterm FAU Gendler Exam (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026…
1. Summaries of common law rules in Restatements of the Law
a particular area of the law that have
been enacted in most states.
2. They do not carry the weight of
the law but guide interpretations of
certain principles.
Certain habits of mind and specific Schools of Jurisprudence
beliefs about human nature. Beliefs
are deeply rooted within a person's
emotions and habits, and thus they
are sure to guide one's opinions and
decisions. Such beliefs may be
commonly held and create much
larger schools of thought thus they
are more common guides to legal
interpretation.
Name the (5) Schools of 1. Cost benefit analysis
Jurisprudence: CHiLLiN 2. Historical School
3. Legal Positivism
4. Legal Realism
5. Natural Law
The school of jurisprudence that Natural Law
recognizes the existence of higher
law, or law that is morally superior to
human laws.
https://quizlet.com/1149704919/bul-4421-midterm-fau-gendler-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026… 3/40
, 2/28/26, 11:06 AM BUL 4421-Midterm FAU Gendler Exam (Recent exam) Fully solved & updated 2026 Most COMPLETE (2026) (Latest Update 2026…
The school of jurisprudence which Legal Positivism
holds that because society requires
authority, a legal and authoritative
hierarchy should exist. When a law is
made, therefore, obedience is
expected because authority
created it.
1. Must abide by duly authorized law
2. Law is distinct from morality
3. Moral questions about the law
should not interfere with our
inclination to obey it.
4. A judge may write that she is
deciding to enforce the law in
question but that her decision does
not necessarily mean she sees the
law as the morally correct rule.
A school of jurisdiction that: Historical School (aka tradition or custom)
1. Follows tradition or custom to
shape the law
2. Is closely linked with the doctrine
of stare decisis
3. We assume past practice was the
product of careful thought.
https://quizlet.com/1149704919/bul-4421-midterm-fau-gendler-exam-recent-exam-fully-solved-updated-2026-most-complete-2026-latest-update-2026… 4/40
