BLAW 205 EXAM 1 UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS
Question:
1. Types of law
Answer:
constitution
statutory
administrative/regulatory
common
Question:
2. What type of law is supreme?
Answer:
Federal
Question:
3. Law
Answer:
a body of enforceable rules governing relationships among individuals & between
individuals & their society
Question:
4. Liability
Answer:
legally responsible
Question:
5. Breach
Answer:
failure to perform a legal obligation
Question:
6. 6 Functional Fields of Business
Answer:
corporate management
production& transportation
marketing
research & development
accounting & finance
human resource management
, Question:
7. Primary source of law
Answer:
a doc establishes law on a particular issue, such as a constitution, a statue, an
administrative rule, or a court decision
Question:
8. Secondary source of law
Answer:
publication that summarizes or interprets the law
Question:
9. Constitutional law
Answer:
derived from US constitution
Question:
10. Statutory Law
Answer:
body of law enacted by legislative bodies
Question:
11. Citation
Answer:
reference to a publication in which a legal authority- such as a statue or court
decision - or other source can be found
Question:
12. Ordinance
Answer:
regulation by city or country
Question:
13. Stare Decisis
Answer:
common law doctrine that states that judges have to follow precident
AND CORRECT ANSWERS
Question:
1. Types of law
Answer:
constitution
statutory
administrative/regulatory
common
Question:
2. What type of law is supreme?
Answer:
Federal
Question:
3. Law
Answer:
a body of enforceable rules governing relationships among individuals & between
individuals & their society
Question:
4. Liability
Answer:
legally responsible
Question:
5. Breach
Answer:
failure to perform a legal obligation
Question:
6. 6 Functional Fields of Business
Answer:
corporate management
production& transportation
marketing
research & development
accounting & finance
human resource management
, Question:
7. Primary source of law
Answer:
a doc establishes law on a particular issue, such as a constitution, a statue, an
administrative rule, or a court decision
Question:
8. Secondary source of law
Answer:
publication that summarizes or interprets the law
Question:
9. Constitutional law
Answer:
derived from US constitution
Question:
10. Statutory Law
Answer:
body of law enacted by legislative bodies
Question:
11. Citation
Answer:
reference to a publication in which a legal authority- such as a statue or court
decision - or other source can be found
Question:
12. Ordinance
Answer:
regulation by city or country
Question:
13. Stare Decisis
Answer:
common law doctrine that states that judges have to follow precident