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BUSINESS LAW EXAM 1 (CH. 1,2,3,6,7) QUESTIONS WITH ANSWERS.

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BUSINESS LAW EXAM 1 (CH. 1,2,3,6,7) QUESTIONS WITH ANSWERS.

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BUSINESS LAW EXAM 1 (CH. 1,2,3,6,7)
QUESTIONS WITH ANSWERS
lawP-PCORRECTPANSWERS-
APbodyPofPenforceablePrulesPgoverningPrelationshipsPamongPindividualsPandPbetweenPindividualsP
andPtheirPsociety.



PrimaryPsourcesPofPlawP-PCORRECTPANSWERS-
1.PThePU.S.PConstitutionPandPthePconstitutionsPofPthePvariousPstates.

2.PStatutoryPlaw—
includingPlawsPpassedPbyPCongress,PstatePlegislatures,PorPlocalPgoverningPbodies.

3.PRegulationsPcreatedPbyPadministrativePagencies,PsuchPasPthePFoodPandPDrugPAdministration.

4.PCasePlawPandPcommonPlawPdoctrines.



SecondaryPsourcesPofPlawP-PCORRECTPANSWERS-
booksPandParticlesPthatPsummarizePandPclarifyPthePprimaryPsourcesPofPlaw.

PExamplesPincludePlegalPencyclopedias,Ptreatises,ParticlesPinPlawPreviews,PandPcompilationsPofPlaw,P
suchPasPthePRestatementsPofPthePLaw.

CourtsPoftenPreferPtoPsecondaryPsourcesPofPlawPforPguidancePinPinterpretingPandPapplyingPthePprim
aryPsourcesPofPlawPdiscussedPhere.



constitutionalPlawP-PCORRECTPANSWERS-
LawPthatPisPbasedPonPthePU.S.PConstitutionPandPthePconstitutionsPofPthePvariousPstates.

(supremePlawPofPthePland)



statePconstitutionalPlawP-PCORRECTPANSWERS-
EachPstatePinPthePunionPhasPitsPownPconstitution.PUnlessPitPconflictsPwithPthePU.S.PConstitutionPorPa
PfederalPlaw,PaPstatePconstitutionPisPsupremePwithinPthePstate'sPborders.

, statutoryPlawP-PCORRECTPANSWERS-
ThePbodyPofPlawPenactedPbyPlegislativePbodiesP(asPopposedPtoPconstitutionalPlaw,PadministrativePla
w,PorPcasePlaw).

WhenPaPlegislaturePpassesPaPstatute,PthatPstatutePultimatelyPisPincludedPinPthePfederalPcodePofPlaw
sPorPthePrelevantPstatePcodePofPlaws.



ordinancesP-PCORRECTPANSWERS-
APlawPpassedPbyPaPlocalPgoverningPunit,PsuchPasPaPmunicipalityPorPaPcounty.P

OrdinancesPcommonlyPhavePtoPdoPwithPcityPorPcountyPlandPuseP(zoningPordinances),PbuildingPandP
safetyPcodes,PandPotherPmattersPaffectingPthePlocalPcommunity.



uniformPlawP-PCORRECTPANSWERS-
APmodelPlawPcreatedPbyPthePNationalPConferencePofPCommissionersPonPUniformPStatePLawsPand/o
rPthePAmericanPLawPInstitutePforPthePstatesPtoPconsiderPadopting.PIfPthePstatePadoptsPthePlaw,PitPbe
comesPstatutoryPlawPinPthatPstate.PEachPstatePhasPthePoptionPofPadoptingPorPrejectingPallPorPpartPofP
aPuniformPlaw



administrativePlawP-PCORRECTPANSWERS-
ThePbodyPofPlawPcreatedPbyPadministrativePagenciesP(inPthePformPofPrules,Pregulations,Porders,Pand
Pdecisions)PinPorderPtoPcarryPoutPtheirPdutiesPandPresponsibilities.




administrativePagencyP-PCORRECTPANSWERS-
APfederal,Pstate,PorPlocalPgovernmentPagencyPestablishedPtoPperformPaPspecificPfunction.PAdminist
rativePagenciesParePauthorizedPbyPlegislativePactsPtoPmakePandPenforcePrulesPtoPadministerPandPen
forcePthePacts.



executivePagenciesP-PCORRECTPANSWERS-
AnPadministrativePagencyPwithinPthePexecutivePbranchPofPgovernment.PAtPthePfederalPlevel,Pexecu
tivePagenciesParePthosePwithinPthePcabinetPdepartments.P(ex.PFDA,PsubjectPtoPauthorityPofPthePpre
sident.)
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