Business Law Exam 1 (ch. 1,2,3,6,7) fully solved rated A+

Business Law Exam 1 (ch. 1,2,3,6,7)law - correct answer A body of enforceable rules governing relationships among individuals and between individuals and their society. Primary sources of law - correct answer 1. The U.S. Constitution and the constitutions of the various states. 2. Statutory law—including laws passed by Congress, state legislatures, or local governing bodies. 3. Regulations created by administrative agencies, such as the Food and Drug Administration. 4. Case law and common law doctrines. Secondary sources of law - correct answer books and articles that summarize and clarify the primary sources of law. Examples include legal encyclopedias, treatises, articles in law reviews, and compilations of law, such as the Restatements of the Law. Courts often refer to secondary sources of law for guidance in interpreting and applying the primary sources of law discussed here. constitutional law - correct answer Law that is based on the U.S. Constitution and the constitutions of the various states. (supreme law of the land) state constitutional law - correct answer Each state in the union has its own constitution. Unless it conflicts with the U.S. Constitution or a federal law, a state constitution is supreme within the state's borders. statutory law - correct answer The body of law enacted by legislative bodies (as opposed to constitutional law, administrative law, or case law). When a legislature passes a statute, that statute ultimately is included in the federal code of laws or the relevant state code of laws.