Business law chapter 1 questions fully solved

Business law chapter 1 questions fully solved Laws - correct answer Enforceable rules of conduct in a society Code - correct answer Laws grouped into an organized form Sovereign - correct answer A supreme ruler Common law - correct answer Law based on current standards or customs of the people Positive law - correct answer Laws made by man that require some specific action Jurisdiction - correct answer Power of a court to decide a case Jury - correct answer Panel of citizens who help interpret society's customs Precedent - correct answer Using prior cases as a guide for deciding similar new cases Equity - correct answer Basic fairness Injunction - correct answer An order that prevents something from being done Constitution - correct answer Document that sets forth the framework of the government and its relationship to the people it governs