BUSINESS LAW: TEXT AND CASES,
13TH EDITION - CHAPTER 1
QUESTIONS WITH CORRECT ANSWERS
2026-2027
Administrative agency - correct answer-
Axfederal, state, or local government agency established to perform a specific function. Administrative age
ncies are authorized by legislative acts to make and enforce rules to administer and enforce the acts.
Administrative law - correct answer-
The body of law created by administrative agencies (in the form of rules, regulations, orders, and decision
s) in order to carry out their duties and responsibilities.
Allege - correct answer-To state, recite, assert, or charge.
Appellant - correct answer-The party who takes an appeal from one court to another.
Appellee - correct answer-
The party against whom an appeal is taken?thatxis, the party who opposes setting aside or reversing the ju
dgment.
Bindingxauthority - correct answer-
Any source of law that a court must follow when deciding a case. Binding authorities include constitutions
, statutes, and regulations that govern the issue being decided, as well as court decisions that are controlli
ng precedents within the jurisdiction.`
Breach -xcorrect answer-
To violate a law, by an act or an omission, or to break a legal obligation that one owes to another person or
to society.
Case law - correct answer-
The rules of law announced in court decisions. Case law includes the aggregate of reported cases that inte
rpret judicial precedents, statutes, regulations, and constitutional provisions.
, Case on point - correct answer-
Axprevious case involvingxfactual circumstances and issues that are similar to those in the case before the
court.
Chancellor - correct answer-
An adviser to the king at the time of the early king's courts of England. Individuals petitioned the king for r
elief when they could not obtain an adequate remedy in a court of law, and these petitions were decided
by the chancellor.
Citation -xcorrect answer-
A reference to a publication in which a legal authority?such as a statute or a court decision?or other sourc
e can be found.
Civil law - correct answer-
The branch of law dealingxwith the definition and enforcement of all private or public rights, asxopposed t
o criminal matters.
Common law - correct answer-
That body of law developed from custom or judicial decisions in English and U.S. courts, not attributable t
o a legislature.
Concurring opinion - correct answer-
A written opinion outlining the views of a judge or justice to make or emphasize a point that was not mad
e or emphasized in the majority opinion.
Constitutional law - correct answer-
Law that is based on the U.S. Constitution and the constitutions of the various states.
Court of equity - correct answer-
Axcourt that decides controversies and administers justice according to the rules, principles, and preceden
ts of equity.
13TH EDITION - CHAPTER 1
QUESTIONS WITH CORRECT ANSWERS
2026-2027
Administrative agency - correct answer-
Axfederal, state, or local government agency established to perform a specific function. Administrative age
ncies are authorized by legislative acts to make and enforce rules to administer and enforce the acts.
Administrative law - correct answer-
The body of law created by administrative agencies (in the form of rules, regulations, orders, and decision
s) in order to carry out their duties and responsibilities.
Allege - correct answer-To state, recite, assert, or charge.
Appellant - correct answer-The party who takes an appeal from one court to another.
Appellee - correct answer-
The party against whom an appeal is taken?thatxis, the party who opposes setting aside or reversing the ju
dgment.
Bindingxauthority - correct answer-
Any source of law that a court must follow when deciding a case. Binding authorities include constitutions
, statutes, and regulations that govern the issue being decided, as well as court decisions that are controlli
ng precedents within the jurisdiction.`
Breach -xcorrect answer-
To violate a law, by an act or an omission, or to break a legal obligation that one owes to another person or
to society.
Case law - correct answer-
The rules of law announced in court decisions. Case law includes the aggregate of reported cases that inte
rpret judicial precedents, statutes, regulations, and constitutional provisions.
, Case on point - correct answer-
Axprevious case involvingxfactual circumstances and issues that are similar to those in the case before the
court.
Chancellor - correct answer-
An adviser to the king at the time of the early king's courts of England. Individuals petitioned the king for r
elief when they could not obtain an adequate remedy in a court of law, and these petitions were decided
by the chancellor.
Citation -xcorrect answer-
A reference to a publication in which a legal authority?such as a statute or a court decision?or other sourc
e can be found.
Civil law - correct answer-
The branch of law dealingxwith the definition and enforcement of all private or public rights, asxopposed t
o criminal matters.
Common law - correct answer-
That body of law developed from custom or judicial decisions in English and U.S. courts, not attributable t
o a legislature.
Concurring opinion - correct answer-
A written opinion outlining the views of a judge or justice to make or emphasize a point that was not mad
e or emphasized in the majority opinion.
Constitutional law - correct answer-
Law that is based on the U.S. Constitution and the constitutions of the various states.
Court of equity - correct answer-
Axcourt that decides controversies and administers justice according to the rules, principles, and preceden
ts of equity.
