LAW 3220 - CHAPTER 1 EXAM QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026

LAW 3220 - CHAPTER 1 EXAM QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026 if the words of a statute have clear and widely understood meaning, a court will use THIS rule to interpret the statute - Answers plain meaning all law in the U.S. is founded on - Answers the Constitution terms used to describe legal concepts are not often defined in plain English, but rather in - Answers legalese and jargon entities that create law - Answers legislatures, courts, gov. agencies refers to the science and philosophy of law, and includes several schools of thought about how the law should function - Answers jurisprudence administrative law includes - Answers Regulations created by administrative agencies, regulations that government the creation and operation of agencies Business owners and managers who have legal insight create value for their business by - Answers Incorporating law into their business strategies Laws that protect society and result in fines or imprisonment are classified as these type of laws - Answers criminal Statutes are passed by the federal or a state THIS and are either approved or rejected by THIS branch - Answers legislature, executive most American law derives from this country's legal doctrines - Answers England who has civil vs who had common law - Answers civil: japan and france common: U.S. Australia and Canada The principle that similar cases with similar facts and issues should result in the same judicial outcome is known as - Answers the doctrine of stare decisis the law is a body of rules of actions or conduct that - Answers is legally binding law serves as a catalyst for commerce by - Answers providing reliability for business planning promoting good-faith dealings A set of laws that is THIS across all 50 states allows businesses to function in multiple states without knowing the different laws in each jurisdiction - Answers uniform at the state level, statutes are created by the - Answers state legislature the U.S. Constitution establishes - Answers Individual civil rights and protective procedures A structure for federal and state governments The concept of federalism and shared his state and federal powers What type of law is designed to compensate parties for losses caused by another party conduct - Answers civil law The Federal executive who signs a bill into law is the - Answers president Rules for applying federal administrative law are created and carried out by administrative - Answers agencies federal statutes are created by - Answers congress, and approved by the president The federal government is based on the United States Constitution while state governments are based on - Answers state constitutions And attorney particularly In a business context may also be known as legal - Answers counsel Constitutional law statutory law common-law administrative law are all classified as THESE sources of law - Answers primary A manager with legal knowledge is able to create business strategies that - Answers limit risk Secondary sources describe and discuss the law and provide chords with guidance on how to interpret the law but - Answers Have no authority and are not legally binding type of equitable relief that a court may order when money damages are insufficient - Answers injunctions and specific performance Laws that provide individual with rights or create duties are classified as - Answers substantive laws THIS law is created by courts to fill gaps in existing statutory law - Answers common Equity age the vigilance supports those who act to protect their legal rights in - Answers A reasonable period of time Appellate courts create THIS when they decided case it is used for similar cases in the future - Answers Precedent The western and southwestern regions of the United States is strongly influenced by this law - Answers Spanish courts that review decisions of trial courts and may overturn the decisions of trial courts are - Answers appellate Business transactions are impacted by many areas of law but typically not by - Answers admiralty law What remedy maybe provided one money damages are insufficient - Answers Equitable relief THIS law is the source of law that authorizes the exercise of authority by executive branch agencies and independent government agencies - Answers administrative The doctrine of stare decisis can assist in business planning because - Answers The law should apply in similar fashion to similar transactions The executive at the state level who approves or vetoes state statutes is - Answers the governor The various schools of THIS thought center on how legal rights are recognized - Answers jurisprudential May referred to nonmonetary damages or to common law rules that guide court decisions - Answers Equity The US system of common law developed from the common-law system in - Answers Britain Restatements of law and model laws are THESE sources of legal information available to courts to help interpret statutes - Answers secondary