BUL 4421 MIDTERM REVIEW EXAM
QUESTIONS AND ANSWERS
Business Law - Correct Answers -Enforceable rules of conduct on commercial
relationships.
Public Law - Correct Answers -Controls disputes between private individuals/groups
and their government.
Private Law - Correct Answers -Regulates disputes between private individuals/groups.
Case Law - Correct Answers -Legal interpretations made by judges, which are law
unless revoked by new statutory law.
Constitutions and Statutes - Correct Answers -Legal frameworks that do not cover all
detailed rules between government and business.
Civil Law - Correct Answers -Body of law governing rights and responsibilities between
persons and government.
Criminal Law - Correct Answers -Classification of law involving rights and
responsibilities of individuals with respect to the public.
Natural Law - Correct Answers -Legal philosophy that includes principles like those in
the Declaration of Independence.
Legal Positivism - Correct Answers -Philosophy that emphasizes following the law
rather than moral codes.
Historical School of Jurisprudence - Correct Answers -Legal philosophy that
emphasizes tradition.
Legal Realism - Correct Answers -Legal philosophy that considers social and economic
factors in legal matters.
Cost-Benefit Analysis - Correct Answers -Evaluation method that weighs the benefits of
an action against its costs.
Intermediate Scrutiny Test - Correct Answers -Legal standard applied to classifications
based on gender or legitimacy of children.
Rational-Basis Test - Correct Answers -Legal standard applied to classifications not
subject to strict or intermediate scrutiny.
QUESTIONS AND ANSWERS
Business Law - Correct Answers -Enforceable rules of conduct on commercial
relationships.
Public Law - Correct Answers -Controls disputes between private individuals/groups
and their government.
Private Law - Correct Answers -Regulates disputes between private individuals/groups.
Case Law - Correct Answers -Legal interpretations made by judges, which are law
unless revoked by new statutory law.
Constitutions and Statutes - Correct Answers -Legal frameworks that do not cover all
detailed rules between government and business.
Civil Law - Correct Answers -Body of law governing rights and responsibilities between
persons and government.
Criminal Law - Correct Answers -Classification of law involving rights and
responsibilities of individuals with respect to the public.
Natural Law - Correct Answers -Legal philosophy that includes principles like those in
the Declaration of Independence.
Legal Positivism - Correct Answers -Philosophy that emphasizes following the law
rather than moral codes.
Historical School of Jurisprudence - Correct Answers -Legal philosophy that
emphasizes tradition.
Legal Realism - Correct Answers -Legal philosophy that considers social and economic
factors in legal matters.
Cost-Benefit Analysis - Correct Answers -Evaluation method that weighs the benefits of
an action against its costs.
Intermediate Scrutiny Test - Correct Answers -Legal standard applied to classifications
based on gender or legitimacy of children.
Rational-Basis Test - Correct Answers -Legal standard applied to classifications not
subject to strict or intermediate scrutiny.
