BUSINESS LAW EXAM 1 (CH. 1,2,3,6,7) UPDATED
ACTUAL QUESTIONS AND CORRECT ANSWERS
Question:
1. law
Answer:
A body of enforceable rules governing relationships among individuals and
between individuals and their society.
Question:
2. Primary sources of law
Answer:
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.
Question:
3. Secondary sources of law
Answer:
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.
Question:
4. constitutional law
Answer:
Law that is based on the U.S. Constitution and the constitutions of the various
states.
(supreme law of the land)
Question:
5. state constitutional law
Answer:
Each state in the union has its own constitution. Unless it conflicts with the U.S.
Constitution or a federal law, a state constitution is supreme within the state's
borders.
, Question:
6. statutory law
Answer:
The body of law enacted by legislative bodies (as opposed to constitutional law,
administrative law, or case law).
When a legislature passes a statute, that statute ultimately is included in the
federal code of laws or the relevant state code of laws.
Question:
7. ordinances
Answer:
A law passed by a local governing unit, such as a municipality or a county.
Ordinances commonly have to do with city or county land use (zoning
ordinances), building and safety codes, and other matters affecting the local
community.
Question:
8. uniform law
Answer:
A model law created by the National Conference of Commissioners on Uniform
State Laws and/or the American Law Institute for the states to consider adopting.
If the state adopts the law, it becomes statutory law in that state. Each state has
the option of adopting or rejecting all or part of a uniform law
Question:
9. administrative law
Answer:
The body of law created by administrative agencies (in the form of rules,
regulations, orders, and decisions) in order to carry out their duties and
responsibilities.
Question:
10. administrative agency
Answer:
A federal, state, or local government agency established to perform a specific
function. Administrative agencies are authorized by legislative acts to make and
enforce rules to administer and enforce the acts.
ACTUAL QUESTIONS AND CORRECT ANSWERS
Question:
1. law
Answer:
A body of enforceable rules governing relationships among individuals and
between individuals and their society.
Question:
2. Primary sources of law
Answer:
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.
Question:
3. Secondary sources of law
Answer:
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.
Question:
4. constitutional law
Answer:
Law that is based on the U.S. Constitution and the constitutions of the various
states.
(supreme law of the land)
Question:
5. state constitutional law
Answer:
Each state in the union has its own constitution. Unless it conflicts with the U.S.
Constitution or a federal law, a state constitution is supreme within the state's
borders.
, Question:
6. statutory law
Answer:
The body of law enacted by legislative bodies (as opposed to constitutional law,
administrative law, or case law).
When a legislature passes a statute, that statute ultimately is included in the
federal code of laws or the relevant state code of laws.
Question:
7. ordinances
Answer:
A law passed by a local governing unit, such as a municipality or a county.
Ordinances commonly have to do with city or county land use (zoning
ordinances), building and safety codes, and other matters affecting the local
community.
Question:
8. uniform law
Answer:
A model law created by the National Conference of Commissioners on Uniform
State Laws and/or the American Law Institute for the states to consider adopting.
If the state adopts the law, it becomes statutory law in that state. Each state has
the option of adopting or rejecting all or part of a uniform law
Question:
9. administrative law
Answer:
The body of law created by administrative agencies (in the form of rules,
regulations, orders, and decisions) in order to carry out their duties and
responsibilities.
Question:
10. administrative agency
Answer:
A federal, state, or local government agency established to perform a specific
function. Administrative agencies are authorized by legislative acts to make and
enforce rules to administer and enforce the acts.
