Business Law Exam 1 (ch. 1-4) with 100% correct answers rated A+

Business Law Exam 1 (ch. 1-4) with 100% correct answers rated A+administrative agency - correct answer a federal, state, or local government agency established to perform a specific function; administrative agencies are authorized by legislative acts to make and enforce rules to administer and enforce the acts. administrative law - correct answer the body of law created by administrative agencies (in the form of rules, regulations, orders, and decisions) in order to carry out their duties and responsibilities. allege - correct answer to state, recite, assert, or charge. analogy - correct answer in logical reasoning, an assumption that if two things are similar in some respects, they will be similar in other respects also; often used in legal reasoning to infer the appropriate application of legal principles in a case being decided by referring to previous cases involving different facts but considered to come within the policy underlying the rule. appellant - correct answer the party who takes an appeal from one court to another. appellee - correct answer the party against whom the appeal is taken-that is, the party who opposes setting aside of reversing the judgment. binding authority - correct answer any source of law that a court must follow when deciding a case; binding authorities include constitutions, statutes, and regulations that govern the issue being decided, as well as court decisions that are controlling precedents within the jurisdiction. breach - correct answer to violate a law, by an act or an omission, or to break a legal obligation that one owes to another person or to society. case law - correct answer the rules of law announced in court decisions; case law includes the aggregate of reported cases that interpret judicial precedents, statues, regulations, and constitutional provisions.