BUSI 301 TEST 1 (LIBERTY UNIVERSITY Questions and
Answers with Verified Solutions | Latest Update
QUESTION
Law
Answer:
A body of rules of action or conduct prescribed by controlling authority and having legal binding
force.
QUESTION
Jurisprudence
Answer:
The science and philosophy of law that defines various approaches to the appropriate function of
law and how legal doctrines should be developed and applied.
QUESTION
The primary sources of law are:
Answer:
1. To provide a system of order that defines conduct and consequence.
2. To promote equality and justice in society.
3. To provide a method for dissolving disputes.
4. To promote good faith dealing among merchants.
5. To apply a degree of reliability in applying the law evenly.
QUESTION
Black's Law Dictionary
Answer:
The leading legal dictionary.
QUESTION
Counsel
Answer:
Another term for attorney.
QUESTION
in house counsel
Answer:
attorney on the executive team. Larger companies usually have in house counsels.
,QUESTION
Constitutional law
Answer:
The body of law interpreting state and federal constitutions.
QUESTION
Statutory law
Answer:
The body of law created by the legislature and approved by the executive branch of state and
federal government.
QUESTION
Common law
Answer:
Law that has not been passed by the legislature but rather is made by the courts; based on the
fundamentals of previous cases with similar facts.
QUESTION
Administrative law
Answer:
Refers to both the law made by administrative agencies and the laws and regulations that govern
the creation, organization, and operation of administrative agencies.
QUESTION
Primary Law
Answer:
Constitutional, common, administrative, and statutory law at both local, state, and federal levels.
QUESTION
Enumerated Powers
Answer:
Those powers that are explicitly granted to the three branches of government in the Constitution.
article 1 section 8, 17 powers granted to federal government,
Those powers that are explicitly granted to the three branches of government in the Constitution.
, QUESTION
Constitutional law is different from other law sources
Answer:
because of its peremance and preemption
QUESTION
Statutes
Answer:
written laws passed by a federal or state legislature then either approved or rejected by the
executive branch.
QUESTION
Ordinances
Answer:
Local statutes passed by local legislatures.
QUESTION
Plain meaning rule
Answer:
The principle that if the words in a statute have clear and widely understood meanings, the court
applies the statute; used as the initial guideline in statutory interpretation to determine how a rule
should be applied.
QUESTION
Statutory scheme
Answer:
The structure of a statute and the format of its mandates.
QUESTION
Legislative history
Answer:
The records kept by the legislature, including the debates, committee and conference reports, and
legislative findings of fact used when creating a law, which can be used to show the legislature's
intent.
Answers with Verified Solutions | Latest Update
QUESTION
Law
Answer:
A body of rules of action or conduct prescribed by controlling authority and having legal binding
force.
QUESTION
Jurisprudence
Answer:
The science and philosophy of law that defines various approaches to the appropriate function of
law and how legal doctrines should be developed and applied.
QUESTION
The primary sources of law are:
Answer:
1. To provide a system of order that defines conduct and consequence.
2. To promote equality and justice in society.
3. To provide a method for dissolving disputes.
4. To promote good faith dealing among merchants.
5. To apply a degree of reliability in applying the law evenly.
QUESTION
Black's Law Dictionary
Answer:
The leading legal dictionary.
QUESTION
Counsel
Answer:
Another term for attorney.
QUESTION
in house counsel
Answer:
attorney on the executive team. Larger companies usually have in house counsels.
,QUESTION
Constitutional law
Answer:
The body of law interpreting state and federal constitutions.
QUESTION
Statutory law
Answer:
The body of law created by the legislature and approved by the executive branch of state and
federal government.
QUESTION
Common law
Answer:
Law that has not been passed by the legislature but rather is made by the courts; based on the
fundamentals of previous cases with similar facts.
QUESTION
Administrative law
Answer:
Refers to both the law made by administrative agencies and the laws and regulations that govern
the creation, organization, and operation of administrative agencies.
QUESTION
Primary Law
Answer:
Constitutional, common, administrative, and statutory law at both local, state, and federal levels.
QUESTION
Enumerated Powers
Answer:
Those powers that are explicitly granted to the three branches of government in the Constitution.
article 1 section 8, 17 powers granted to federal government,
Those powers that are explicitly granted to the three branches of government in the Constitution.
, QUESTION
Constitutional law is different from other law sources
Answer:
because of its peremance and preemption
QUESTION
Statutes
Answer:
written laws passed by a federal or state legislature then either approved or rejected by the
executive branch.
QUESTION
Ordinances
Answer:
Local statutes passed by local legislatures.
QUESTION
Plain meaning rule
Answer:
The principle that if the words in a statute have clear and widely understood meanings, the court
applies the statute; used as the initial guideline in statutory interpretation to determine how a rule
should be applied.
QUESTION
Statutory scheme
Answer:
The structure of a statute and the format of its mandates.
QUESTION
Legislative history
Answer:
The records kept by the legislature, including the debates, committee and conference reports, and
legislative findings of fact used when creating a law, which can be used to show the legislature's
intent.
