Business Law (Chapters 1-20) Exam Solution Questions And Well Explained Answers.

Morality - correct answer Values that govern a society's attitude toward right and wrong Ethics - correct answer Means for determining what a society's values ought to be Honesty - correct answer Character trait of a person who is open and truthful in dealing with others Justice - correct answer Ability to treat all people fairly Compassion - correct answer Sympathy towards the difficulties of others Integrity - correct answer Willingness to do the right thing regardless of personal consequences Law - correct answer System of rules of conduct established by the government of a society to maintain stability and justice Judge - correct answer Jury - correct answer Constitution - correct answer Document that spells out the principles by which the government operates Common Law - correct answer Decisions of the early law courts developed in England based on customs (Old Law) Precedent - correct answer A judge is required to follow an earlier court decision when deciding a case with similar circumstances. *Stare Decisis* (Let the decision stand) Statutes - correct answer Laws specifically passed by a governing body that has Been created for a stated purpose Legislature - correct answer The body of lawmakers of each state that is responsible for making statutory laws Unconstitutional - correct answer Any action or law that goes against the U.S. constitution Administrative Law - correct answer Rules and procedures that are established by regulatory agencies. Ex. The city of new Rochelle, health department, building department, department of public works, etc. Contempt of court - correct answer Jurisdiction - correct answer The power and authority given to a court to hear a case and make a judgement Diversity of citizenship - correct answer Cases which involve citizens of different states and in which the amount of money in dispute exceeds $75,000 Original Jurisdiction - correct answer When district courts try a case the first time it is heard Appellate Courts - correct answer Courts between lower and the highest courts where people go to their first appeal Intermediate Courts - correct answer Courts between lower and highest courts. Appellate Jurisdiction - correct answer Intermediate courts have this jurisdiction where any party in a shit decided in a federal court may appeal to the federal court of appeals in the circuit where the case was tried. Limited Jurisdiction - correct answer Local courts handle minor matters, such as misdemeanors and civil actions involving small amounts of money. General Jurisdiction - correct answer A general trial court, which can also be called a county court, superior court, court of common please, or circuit court, handles criminal and civil cases. Delinquent Child - correct answer A minor under a certain age (generally 16-18) who has committed an adult crime Unruly Child - correct answer A minor who has done something inappropriate that is not considered an adult crime, such as violating curfew, skipping school, or using tobacco Neglected/Abused Child - correct answer A child who is homeless, destitute, or without adequate parental care. The court may make such a child a ward of the state Alternative Dispute Resolution - correct answer When parties try to resolve disagreements outside of the usual adversarial system by using creative settlement techniques Complaint - correct answer A formal paper that expresses the plaintiffs allegations, or claims. Answer - correct answer The defendants response to the allegations made in the complaint Verdict - correct answer The decision made by the jury on the case Judgement - correct answer The court issued determination or decision on the case Specific performance - correct answer When the plaintiff wants the defendant to do what he promised in a contract Arrest - correct answer This occurs when a person is deprived of his freedom. Bail - correct answer Money or other property that is left with the court to assure that a person who has been arrested, but released, will return to trial. Indictment - correct answer A written accusation charging an individual which is decided by a jury. This issuance doesn't mean that the names person is guilty, but that the grand jury believes there is a possibility that he is guilty. Arraignment - correct answer The procedure following the indictment where the suspect is asked to plead guilty or not guilty Crime - correct answer An offense against the public at large, which is therefore punishable by the government