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Business Law- Baylor- Agee- Exam 1 2025 Actual exam (Testing Real Exam Questions)and verified Answers ( 100% accurate) GET IT RIGHT!!

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Business Law- Baylor- Agee- Exam 1 2025 Actual exam (Testing Real Exam Questions)and verified Answers ( 100% accurate) GET IT RIGHT!!

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Business Law- Baylor- Agee
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Institution
Business Law- Baylor- Agee
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Business Law- Baylor- Agee

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May 4, 2025
Number of pages
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Written in
2024/2025
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Business Law- Baylor- Agee- Exam 1 2025 Actual
exam (Testing Real Exam Questions)and verified
Answers ( 100% accurate) GET IT RIGHT!!
Substantive Law - ..(ANSWER)...Creates, defines, and regulates legal rights and
duties



Procedural Law - ..(ANSWER)...States the rules for enforcing rights that exist
because of substantive law



Public law - ..(ANSWER)...The branch of substantive law that deals with the
government's rights and powers and its relationship to individuals or groups. It
consists of constitutional, administrative, and criminal law.



Private law - ..(ANSWER)...The part of substantive law governing individuals and
legal entities in their relationships with one another



Civil Law - ..(ANSWER)...The law dealing with the rights and duties of individuals
among themselves and is a part of private law



Criminal Law - ..(ANSWER)...The law that involves offenses against the entire
community and is a part of public law



Common law system - ..(ANSWER)...The courts in common law systems have
developed a body of law that serves as precedent for determination of later
controversies. Also called case law, judge-made law, or common law

,2




Adversary System - ..(ANSWER)...System in which opposing parties initiate and
present their cases

The parties, not the court, must initiate and conduct litigation



Civil law system - ..(ANSWER)...Body of law derived from Roman law and based
upon legislative enactments (called codes) and an inquisitorial system of
determining disputes

Prevalent in Europe, Scotland, Louisiana, and others



Inquisitorial system - ..(ANSWER)...System in which the judiciary initiates,
conducts, and decides cases

Part of the civil law system



Stare decisis - ..(ANSWER)..."to stand by the decisions", courts should apply rules
decided by them or their superior courts in prior similar cases



Equity - ..(ANSWER)...A body of law based upon principles distinct from common
law and providing remedies not available at law



Restatements - ..(ANSWER)...Cover many areas of common law although are not
binding in of themselves

, 3


Legislative law - ..(ANSWER)...Has become the primary source of new law and
ordered social changes in the U.S.



Treaty - ..(ANSWER)...An agreement between or among independent nations. The
US constitution authorizes the president to enter into treaties with the advice and
consent of the Senate "provided two thirds of the senators present concur"



Executive Order - ..(ANSWER)...A law issued by the president of the United States
or by the governor of a state



Administrative Law - ..(ANSWER)...A branch of public law created by
administrative agencies in the form of rules, regulations, orders, and decisions to
carry out the regulatory powers and duties of those agencies. Has expanded
enormously because of increasing complexity



Appeal by right - ..(ANSWER)...Mandatory review by a higher court



Writ of certiorari - ..(ANSWER)...Discretionary review by a higher court



Subject matter jurisdiction - ..(ANSWER)...The authority of a court to judge a
controversy of a particular kind. Federal courts have limited subject matter
jurisdiction whereas state courts have jurisdiction over all matters not given
exclusively to the federal courts

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