Business Law Collin College -1 Introduction to Business Law correctly answered

Business Law Collin College -1 Introduction to Business Law correctly answeredCivil Law - correct answer provides remedies for individuals or entities that have by wronged primary purpose is reimbursement or restitution not punishment Codification - correct answer The process of organizing statutes by subject matter. Common Law - correct answer established by following earlier judicial decisions Constitutional Law - correct answer Supreme law; law derived from the US constitution Criminal Law - correct answer Designed to further societies interests in preventing crime and punishing criminals primary purpose is punishment and deterrence Dispute Resolution Role - correct answer the law gives people and entities a forum to settle their differences Equitable Remedy - correct answer granted when money damages alone or not adequate to fully compensate for a party's injuries, can be granted alone or in combination with a legal remedy specific performance and injunction Equity - correct answer an area of law separate from the traditional common law, primary purpose is to avoid unjust results occurring from strictly following the rules of common law. used when legal (monetary) damages are not sufficient to remedy the wrong (injunction often used) Executive Order - correct answer law independently created by the president