Busi 301 Week 1 Liberty University - Questions with complete solution

Busi 301 Week 1 Liberty University - Questions with complete solution Busi 301 Week 1 Laws passed by the federal or a state legislature and either approved or rejected by the executive branch are called - correct answer statutes Most American law derives from this country's legal doctrines - correct answer England Federal statutes are created by the United States _____ and approved or vetoed by the President. - correct answer Congress or legislature A typical business transaction may be impacted by many areas of the law: - correct answer before, during, and after the transaction is complete. The executive at the federal level who can approve or veto federal statutes passed by Congress is the _______of the United States. - correct answer President The law creates a system to resolve disputes by recognizing legal ______ and interests of the parties involved. - correct answer Rights All law in the U.S. is founded on: ______. - correct answer U.S. Constitution State statutes are created by - correct answer state legislatures