business law Collin College -Business Law- Exam 1 fully solved

business law Collin College -Business Law- Exam 1 fully solvedStable legal system in U.S. - correct answer stable and flexible system - other countries try to copy, but cant executive branch - correct answer makes law by executive order, president use to make law Legislative branch - correct answer congress, makes laws through statutes and codes, largest body of law Judicial law - correct answer common law, created by judges, when making law, take facts of dispute, apply law to facts and make decision, has presidential value (looking back at prior decisions to create consistency) dispute - correct answer = evidence stare decises - correct answer use of presendent to make current decision administrative law - correct answer creates regulations that implement law, ie) social secuirty admin, agency creates rules on when you get money for SS separation of powers doctrine - correct answer no branch of government can give or receive power from another branch of gov. Supremacy Clause- preemption - correct answer tells us what happens when laws conflict and who wins, IF federal law conflicts with state law, federal law wins ie.) marijuana at state vs federal- some states have legalized weed, but federal hasnt Full Faith in Credit Clause - correct answer each state and federal government will honor and respect all VALID judgements / orders from all other states (state sovereignty) ie.) issue warrant for governor to allow warrant for arrest and bring person back