BUL Exam 1 Questions with Correct and
Verified Answers
Law is often classified by subject matter. - Answer-True
Once an appellate court has decided a particular case, the decision becomes a case precedent. -
Answer-True
The principle that similar cases with similar facts should have the same judicial outcome is called: -
Answer-Stare Decisis; false
Which of the following is true regarding the definition of the term "law" throughout recorded history? -
Answer-It has been defined in a variety of ways throughout history.
Generally, the law is defined as a body of rules of action or conduct prescribed by____ authority and
having ______ force. - Answer-controlling; legal binding
Which of the following categories of law is binding between two parties even though no specific statue
or regulation provides for the rights of the parties? - Answer-Private
A trial lawyer is also known as which of the following? - Answer-a litigator
, A constitution is a ___ source of law. - Answer-Primary
Constitutional law is different from other sources of law primarily in terms of _____ and _____. -
Answer-Permanence; preemption
Which of the following sources of law is created by a legislative body and either approved or
disapproved by the executive branch of government? - Answer-Statutory
Just laws and outcomes must balance competing interests to achieve a proportional outcome that is fair
and balanced for the parties involved and those similarly situated. - Answer-True
A main legal strategy used in business includes: - Answer-Prevention, value creation or legal competitive
advantage, avoidance, and noncompliance
While there are many sources of law, a common characteristic is that it creates _____, ______, and
______ that reflect accepted views of a given society. - Answer-duties, rights, and obligations
Categories of law include: - Answer-no answer text provided... (NOT Substantive and procedural, public
and private, or criminal and civil)
The authoritative source for legal terms is ____ Law Dictionary. - Answer-Black's
The law serves an important purpose for commerce by promoting_____ among merchants and
consumers and giving some degree of _____ that can be considered in business planning and
commercial transactions. - Answer-Good faith dealing; reliability
Business owners and managers work with attorneys on a variety of matter. Larger companies may
employ attorneys in-house who are often referred to by a title of ____. - Answer-General counsel
Verified Answers
Law is often classified by subject matter. - Answer-True
Once an appellate court has decided a particular case, the decision becomes a case precedent. -
Answer-True
The principle that similar cases with similar facts should have the same judicial outcome is called: -
Answer-Stare Decisis; false
Which of the following is true regarding the definition of the term "law" throughout recorded history? -
Answer-It has been defined in a variety of ways throughout history.
Generally, the law is defined as a body of rules of action or conduct prescribed by____ authority and
having ______ force. - Answer-controlling; legal binding
Which of the following categories of law is binding between two parties even though no specific statue
or regulation provides for the rights of the parties? - Answer-Private
A trial lawyer is also known as which of the following? - Answer-a litigator
, A constitution is a ___ source of law. - Answer-Primary
Constitutional law is different from other sources of law primarily in terms of _____ and _____. -
Answer-Permanence; preemption
Which of the following sources of law is created by a legislative body and either approved or
disapproved by the executive branch of government? - Answer-Statutory
Just laws and outcomes must balance competing interests to achieve a proportional outcome that is fair
and balanced for the parties involved and those similarly situated. - Answer-True
A main legal strategy used in business includes: - Answer-Prevention, value creation or legal competitive
advantage, avoidance, and noncompliance
While there are many sources of law, a common characteristic is that it creates _____, ______, and
______ that reflect accepted views of a given society. - Answer-duties, rights, and obligations
Categories of law include: - Answer-no answer text provided... (NOT Substantive and procedural, public
and private, or criminal and civil)
The authoritative source for legal terms is ____ Law Dictionary. - Answer-Black's
The law serves an important purpose for commerce by promoting_____ among merchants and
consumers and giving some degree of _____ that can be considered in business planning and
commercial transactions. - Answer-Good faith dealing; reliability
Business owners and managers work with attorneys on a variety of matter. Larger companies may
employ attorneys in-house who are often referred to by a title of ____. - Answer-General counsel
