D432 Vocabulary Questions with Verified
Correct Answers
Stockholder/Shareholder
A person who owns a share or shares of stock in a corporation.
Board of directors
A group of persons elected by the stockholders to manage a corporation
buyer cooperative
A group of cooperative members who unite for combined purchasing power.
seller cooperative
A group made up of individual producers who join together to compete more effectively with
large producers.
Franchisor
an individual or organization granting a franchise
Franchisee
A person who buys a franchise
Case Law
the rules of law announced in court decisions
Precendent
act or decision that sets an example for others to follow e.g. Judges
statute
, a law enacted by legislature
Tort
a wrongful act or an infringement of a right (other than under contract) leading to civil legal
liability.
free exercise clause of First Amendment
Congress shall make no law respecting an establishment of religion, or prohibiting the free
exercise thereof
Federalism
A system in which power is divided between the national and state governments
search warrant
A court order allowing law enforcement officers to search a suspect's home or business and
take specific items as evidence
probable cause
reasonable cause for issuing a search warrant or making an arrest; more than mere suspicion
substantive due process
Constitutional requirement that governments act reasonably and that the substance of the laws
themselves be fair and reasonable; limits what a government may do.
procedural due process
Constitutional requirement that governments proceed by proper methods; limits how
government may exercise power.
international law
Correct Answers
Stockholder/Shareholder
A person who owns a share or shares of stock in a corporation.
Board of directors
A group of persons elected by the stockholders to manage a corporation
buyer cooperative
A group of cooperative members who unite for combined purchasing power.
seller cooperative
A group made up of individual producers who join together to compete more effectively with
large producers.
Franchisor
an individual or organization granting a franchise
Franchisee
A person who buys a franchise
Case Law
the rules of law announced in court decisions
Precendent
act or decision that sets an example for others to follow e.g. Judges
statute
, a law enacted by legislature
Tort
a wrongful act or an infringement of a right (other than under contract) leading to civil legal
liability.
free exercise clause of First Amendment
Congress shall make no law respecting an establishment of religion, or prohibiting the free
exercise thereof
Federalism
A system in which power is divided between the national and state governments
search warrant
A court order allowing law enforcement officers to search a suspect's home or business and
take specific items as evidence
probable cause
reasonable cause for issuing a search warrant or making an arrest; more than mere suspicion
substantive due process
Constitutional requirement that governments act reasonably and that the substance of the laws
themselves be fair and reasonable; limits what a government may do.
procedural due process
Constitutional requirement that governments proceed by proper methods; limits how
government may exercise power.
international law
