BMAL 590 LEGAL ENVIRONMENT OF BUSINESS
COMPLETE STUDY GUIDE WITH SOLVED
QUESTIONS
◉ Jurisprudence.
Answer: The study of law
◉ Law Provides.
Answer: Stability, Predictability and Continuity
◉ Why is the regulation of business necessary?.
Answer: Provides Regulation (law), Prevents unfair advantage,
Levels the playing field
◉ Primary Sources of American Law:.
Answer: U. S. Constitution, Statutes, Administrative Law,
Case/Common Law
◉ Secondary Sources of American Law:.
Answer: Legal Encyclopedias, Treatise, Law Review Articles,
Restatements, Law Set Forth In Constitutions (U.S., State)
,◉ 10th Amendment:.
Answer: Anything governed by U.S. Constitution is reserved for
states, also grants rights to citizens
◉ U.S. Constitution:.
Answer: Supreme law of the land
◉ Federal Law Fact:.
Answer: Federal law trumps state law (except for court system and
case law)
◉ State Constitution:.
Answer: Supreme law of states-cannot violate U.S. Constitution or
Federal Law
◉ Statutory Law.
Answer: Laws enacted by legislative bodies- Congress (Federal),
Legislatures (State)
◉ Acts.
Answer: Collections of statutes addressing a certain subject matter
◉ United States Code:.
, Answer: U.S.C.
◉ State Code:.
Answer: O.C.G.A.
◉ Federal Statutes:.
Answer: Apply to all states
◉ State Statutes:.
Answer: Apply to specific states
◉ Ordinances:.
Answer: Apply in County/City
◉ Uniform Laws:.
Answer: -States regulate what isn't constitutionally regulated
nationally
-Can make trade and other life activities difficult across state lines
-Have been drafted to make state laws more consistent
COMPLETE STUDY GUIDE WITH SOLVED
QUESTIONS
◉ Jurisprudence.
Answer: The study of law
◉ Law Provides.
Answer: Stability, Predictability and Continuity
◉ Why is the regulation of business necessary?.
Answer: Provides Regulation (law), Prevents unfair advantage,
Levels the playing field
◉ Primary Sources of American Law:.
Answer: U. S. Constitution, Statutes, Administrative Law,
Case/Common Law
◉ Secondary Sources of American Law:.
Answer: Legal Encyclopedias, Treatise, Law Review Articles,
Restatements, Law Set Forth In Constitutions (U.S., State)
,◉ 10th Amendment:.
Answer: Anything governed by U.S. Constitution is reserved for
states, also grants rights to citizens
◉ U.S. Constitution:.
Answer: Supreme law of the land
◉ Federal Law Fact:.
Answer: Federal law trumps state law (except for court system and
case law)
◉ State Constitution:.
Answer: Supreme law of states-cannot violate U.S. Constitution or
Federal Law
◉ Statutory Law.
Answer: Laws enacted by legislative bodies- Congress (Federal),
Legislatures (State)
◉ Acts.
Answer: Collections of statutes addressing a certain subject matter
◉ United States Code:.
, Answer: U.S.C.
◉ State Code:.
Answer: O.C.G.A.
◉ Federal Statutes:.
Answer: Apply to all states
◉ State Statutes:.
Answer: Apply to specific states
◉ Ordinances:.
Answer: Apply in County/City
◉ Uniform Laws:.
Answer: -States regulate what isn't constitutionally regulated
nationally
-Can make trade and other life activities difficult across state lines
-Have been drafted to make state laws more consistent
