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Business Law 202 Exam 1Questions and answers Graded A+

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Business Law 202 Exam 1Questions and answers Graded A+ Statutory Law - The body of law enacted by legislative bodies (as opposed to constitutional law, administrative law, or case law). Common Law - The body of law developed from custom or judicial decisions in English and U.S. courts, not attributable to a legislature. How the system of stare decisis and precedent works* - Stare decisis means that courts look to past, similar issues to guide their decisions. These past decisions are known as precedent. Precedent is a legal principle, or a rule, that is created by a higher court decision. From which country U.S. law originally derive

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