Business Law Chapters
1–20 2026 | Study Guide,
Notes & Practice
Questions
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success|
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
, Morality Values that govern a society's attitude toward right and wrong
Ethics Means for determining what a society's values ought to be
Honesty Character trait of a person who is open and truthful in dealing with others
Justice Ability to treat all people fairly
Compassion Sympathy towards the difficulties of others
Integrity Willingness to do the right thing regardless of personal consequences
Law System of rules of conduct established by the government of a society to maintain
stability and justice
Judge
Jury
Constitution Document that spells out the principles by which the government operates
Common Law Decisions of the early law courts developed in England based on customs (Old
Law)
Precedent A judge is required to follow an earlier court decision when deciding a case with
similar circumstances. Stare Decisis (Let the decision stand)
Statutes Laws specifically passed by a governing body that has Been created for a stated
purpose
Legislature The body of lawmakers of each state that is responsible for making statutory laws
Unconstitutional Any action or law that goes against the U.S. constitution
1–20 2026 | Study Guide,
Notes & Practice
Questions
|Graded A+ | Guaranteed
success|
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
, Morality Values that govern a society's attitude toward right and wrong
Ethics Means for determining what a society's values ought to be
Honesty Character trait of a person who is open and truthful in dealing with others
Justice Ability to treat all people fairly
Compassion Sympathy towards the difficulties of others
Integrity Willingness to do the right thing regardless of personal consequences
Law System of rules of conduct established by the government of a society to maintain
stability and justice
Judge
Jury
Constitution Document that spells out the principles by which the government operates
Common Law Decisions of the early law courts developed in England based on customs (Old
Law)
Precedent A judge is required to follow an earlier court decision when deciding a case with
similar circumstances. Stare Decisis (Let the decision stand)
Statutes Laws specifically passed by a governing body that has Been created for a stated
purpose
Legislature The body of lawmakers of each state that is responsible for making statutory laws
Unconstitutional Any action or law that goes against the U.S. constitution
