LEGL 2700 HACKLEMAN Exam 2024 with Guaranteed Accurate Answers

Three main concepts for a functioning marketplace - correct answer law, rule of law, property law - correct answer most significant and formal legal force Rule of Law - correct answer laws are equally applicable to everyone, they must be enforced against everyone the same way. This is the key to a wealthy nation property - correct answer right of ownership, right to exclude others from what you originally/rightfully own or lawfully acquired (legal fence) three main types of property - correct answer public, private, common public property - correct answer any good that is owned by the government, public resources like parks, monuments etc..) private property - correct answer property owned by individuals or companies, not by the government or the people as a whole common property - correct answer things owned by more than one person Common Law System - correct answer system that cares about what other judges have said, rely on precedence, vote on new cases based on similar old ones Civil Law System - correct answer system that cares less about the past and more about how each judge has the right to interpret the law as they choose Louisiana is the only state in the United States that follows a ________ law system. - correct answer quasi-civil law system Public Law - correct answer government regulating society and includes constitutional, administrative, and criminal law. Constitutional Law - correct answer type of public law, involves interpreting and apply either state or federal constitutions to matters Administrative Law - correct answer type of public law, includes and covers the leal principles that apply to the bureaucracy (government/administrative agencies, bureaus, boards, commissions) Criminal Law - correct answer type of public law, addresses wrongs of society and offenses against the order of the state Private Law - correct answer law that involves suits between private individuals or groups. Issues in-between people and includes property, contract, and tort law. property law - correct answer type of private law, exclusive rights to both tangible and intangible resources Contract Law - correct answer type of private law, set of laws that specify what constitutes a legally enforceable agreement. explains how resources are exchanged between two people. Tort Law - correct answer type of private law, establishes rules for compensation when someone's legal boundaries are wrongfully crossed by another person Law of Business Organizations - correct answer identifies how individuals can own and use private resources in groups Civil vs. Criminal Law - correct answer Criminal laws regulate crimes, or wrongs committed against the government. Civil laws regulate disputes between private parties. Civil cases include suits between other people, without government intervention, whereas criminal cases always involve a government representative attempting to prove the defendant committed a wrong against society and is seeking to have the defendant punished by "societies standards" Substansive Law - correct answer Law category that defines, describes and regulates the legal question you need answered (by the court) Procedural Law - correct answer Law that establishes the methods and means of enforcing the rights established by substantive law. Describes the machinery that will get you to the question at hand. jurisprudence - correct answer philosophies that explain the origin of law, and it's justification. There are five of these theories: natural law, positive law, historical school, sociological, legal realism. Natural Law Theory - correct answer type of jurisprudence; universal moral principles, laws must align with nature