Business Law Exam 1 (ch. 1,2,3,6,7) ACTUAL UPDATED QUESTIONS AND CORRECT
ANSWERS
law A body of enforceable rules governing relationships among individuals and
between individuals and their society.
Primary sources of law 1. The U.S. Constitution and the constitutions of the various states.
2. Statutory law—including laws passed by Congress, state legislatures, or local
governing bodies.
3. Regulations created by administrative agencies, such as the Food and Drug
Administration.
4. Case law and common law doctrines.
Secondary sources of law books and articles that summarize and clarify the primary sources of law.
Examples include legal encyclopedias, treatises, articles in law reviews, and
compilations of law, such as the Restatements of the Law.
Courts often refer to secondary sources of law for guidance in interpreting and
applying the primary sources of law discussed here.
constitutional law Law that is based on the U.S. Constitution and the constitutions of the various
states.
(supreme law of the land)
ANSWERS
law A body of enforceable rules governing relationships among individuals and
between individuals and their society.
Primary sources of law 1. The U.S. Constitution and the constitutions of the various states.
2. Statutory law—including laws passed by Congress, state legislatures, or local
governing bodies.
3. Regulations created by administrative agencies, such as the Food and Drug
Administration.
4. Case law and common law doctrines.
Secondary sources of law books and articles that summarize and clarify the primary sources of law.
Examples include legal encyclopedias, treatises, articles in law reviews, and
compilations of law, such as the Restatements of the Law.
Courts often refer to secondary sources of law for guidance in interpreting and
applying the primary sources of law discussed here.
constitutional law Law that is based on the U.S. Constitution and the constitutions of the various
states.
(supreme law of the land)
