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ASU LES 305 EXAM 1 QUESTIONS AND VERIFIED ANSWERS

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ASU LES 305 EXAM 1 QUESTIONS AND VERIFIED ANSWERS

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"Contemplating any business act, an employee should ask himself whether he would
be willing to see it immediately described by an informed and critical reporter on the
front page of his local paper, there to be read by his spouse, children, and friends."


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Front Page of the Newspaper Test




A requirement for federal court jurisdiction whereby the plaintiff and defendant must
be citizens of different states. [Note that the amount in controversy must by $75K or
more as well.]


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Diversity of Citizenship

,the principle adhering to the rule of law from prior decisions


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State decisis




An attorney's thoughts, research, and strategy in a case; nondiscoverable.


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work product




Laws at the city, town, or county level.


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ordinances




people tend to dislike losing more than they like winning. This may cause people to lie
when they make a mistake and want to cover it up to avoid harm to their reputations


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loss aversion

, A court of review that reviews the trial court proceedings for errors of law and
procedure.


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appellate court




every large accounting scandal begins with the first time someone falsifies an
accounting entry


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Incrementalism




the discussion of the rule of law


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dicta




a party's request to the court for action


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motion

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