business law Collin College -Business Law correctly answered

business law Collin College -Business Law correctly answeredWhat is the normal penalty for breach of a civil wrong? - correct answer compensation for damages suffered What is business law? - correct answer Business law is concerned with rules of conduct prescribed by government for the performance of business transactions What are the objectives of law? - correct answer it forms a framework for a stable society What are the roots of our legal system? - correct answer English, French, and Spanish, but mostly influenced by English common law Why do courts generally adhere to the judicial precedents set by earlier decisions? - correct answer similar case= similar decision Why was the Bill of Rights enacted? - correct answer to protect the rights and liberties of citizens and states How does the enactment of statues differ from the issuance of administrative orders? - correct answer statutes are legislative; administrative orders are from commissions and boards What section of the Constitution is the basis for most laws governing business transactions, and what does it provide? - correct answer Commerce Clause- gives Congress the power to regulate commerce "among several states" What determines whether an offense is a felony or a misdemeanor? - correct answer nature of the punishment