LEGL 2700 FINAL Exam Review Questions and answers, rated A+| LATEST EXAM UPDATES| 2024/25 |

LEGL 2700 FINAL Exam Review Questions and answers, rated A+ Three main concepts for a functioning marketplace - -law, rule of law, property law - -most significant and formal legal force Rule of Law - -laws are equally applicable to everyone, they must be enforced against everyone the same way. This is the key to a wealthy nation property - -right of ownership, right to exclude others from what you originally/rightfully own or lawfully acquired (legal fence) three main types of property - -public, private, common public property - -any good that is owned by the government, public resources like parks, monuments etc..) private property - -property owned by individuals or companies, not by the government or the people as a whole common property - -things owned by more than one person Common Law System - -system that cares about what other judges have said, rely on precedence, vote on new cases based on similar old ones Civil Law System - -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. - -quasi-civil law system Public Law - -government regulating society and includes constitutional, administrative, and criminal law. Constitutional Law - -type of public law, involves interpreting and apply either state or federal constitutions to matters Administrative Law - -type of public law, includes and covers the leal principles that apply to the bureaucracy (government/administrative agencies, bureaus, boards, commissions) Criminal Law - -type of public law, addresses wrongs of society and offenses against the order of the state Private Law - -law that involves suits between private individuals or groups. Issues in-between people and includes property, contract, an