CBAD 344 Business Law Test 1
questions & answers graded A+
What are four primary sources of law in the United States? - correct answer ✔✔Constitutional Law
Statutory Law
Administrative Law
Case Law
Constitutional Law - correct answer ✔✔body of law derived from the U.S. Constitution and constitutions
of the various states
Statutory Law - correct answer ✔✔body of law enacted by legislative bodies
Administrative Law - correct answer ✔✔The body of law created by administrative agencies in order to
carry out their duties and responsibilities.
Case Law - correct answer ✔✔The rules of law announced in court decisions
Common Law - correct answer ✔✔Early English law established by King's courts started after Norman
conquest of 1066
Precedent - correct answer ✔✔court decision that furnished an example or authority for deciding
related cases
Stare decisis - correct answer ✔✔Judges are obligated to follow the precedents established in prior
decisions
Binding Authority - correct answer ✔✔Any source of law that a court must follow when deciding a case.
, Four Steps of Reasoning - Stare Decisis - correct answer ✔✔Issue
Rule
Application
Conclusion
Remedy - correct answer ✔✔the relief given to an innocent party to enforce a right or compensate for
the violation of a right
Remedies at Law - correct answer ✔✔damages in money or property
Remedies in Equity - correct answer ✔✔based on justice and fair dealing, does what is right, specific
performance, injunction, rescission
Plantiff - correct answer ✔✔One who begins a lawsuit
Defendant - correct answer ✔✔the accused person
Substantive Law - correct answer ✔✔Law that defines, describes, regulates, and creates legal rights and
obligations
Procedural Law - correct answer ✔✔Law that establishes the methods of enforcing the rights
established by substantive law
Civil Law - correct answer ✔✔Branch of law dealing with the definition and enforcement of all private or
public rights as opposed to criminal matters
Criminal Law - correct answer ✔✔Branch of law that defines and punishes the wrongful actions
committed against the public
Police Powers - correct answer ✔✔States have inherent these rights to regulate health, safety, morals
and general welfare, licensing, building codes, parking, zoning
questions & answers graded A+
What are four primary sources of law in the United States? - correct answer ✔✔Constitutional Law
Statutory Law
Administrative Law
Case Law
Constitutional Law - correct answer ✔✔body of law derived from the U.S. Constitution and constitutions
of the various states
Statutory Law - correct answer ✔✔body of law enacted by legislative bodies
Administrative Law - correct answer ✔✔The body of law created by administrative agencies in order to
carry out their duties and responsibilities.
Case Law - correct answer ✔✔The rules of law announced in court decisions
Common Law - correct answer ✔✔Early English law established by King's courts started after Norman
conquest of 1066
Precedent - correct answer ✔✔court decision that furnished an example or authority for deciding
related cases
Stare decisis - correct answer ✔✔Judges are obligated to follow the precedents established in prior
decisions
Binding Authority - correct answer ✔✔Any source of law that a court must follow when deciding a case.
, Four Steps of Reasoning - Stare Decisis - correct answer ✔✔Issue
Rule
Application
Conclusion
Remedy - correct answer ✔✔the relief given to an innocent party to enforce a right or compensate for
the violation of a right
Remedies at Law - correct answer ✔✔damages in money or property
Remedies in Equity - correct answer ✔✔based on justice and fair dealing, does what is right, specific
performance, injunction, rescission
Plantiff - correct answer ✔✔One who begins a lawsuit
Defendant - correct answer ✔✔the accused person
Substantive Law - correct answer ✔✔Law that defines, describes, regulates, and creates legal rights and
obligations
Procedural Law - correct answer ✔✔Law that establishes the methods of enforcing the rights
established by substantive law
Civil Law - correct answer ✔✔Branch of law dealing with the definition and enforcement of all private or
public rights as opposed to criminal matters
Criminal Law - correct answer ✔✔Branch of law that defines and punishes the wrongful actions
committed against the public
Police Powers - correct answer ✔✔States have inherent these rights to regulate health, safety, morals
and general welfare, licensing, building codes, parking, zoning
