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BUL 4421-Midterm FAU Gendler COMPREHENSIVE EXAM QUESTIONS |FREQUENTLY TESTED QUESTIONS |RECENTLY TESTING REAL EXAM QUESTIONS|VERIFIED SOLUTIONS (100% CORRECT)

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BUL 4421-Midterm FAU Gendler COMPREHENSIVE EXAM QUESTIONS |FREQUENTLY TESTED QUESTIONS |RECENTLY TESTING REAL EXAM QUESTIONS|VERIFIED SOLUTIONS (100% CORRECT)

Institution
BUL 4421
Course
BUL 4421

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BUL 4421-Midterm FAU Gendler COMPREHENSIVE EXAM QUESTIONS
BUL 4421-Midterm FAU Gendler
|FREQUENTLY TESTED QUESTIONS |RECENTLY TESTING REAL EXA
Study online at https://quizlet.com/_3sepr5
QUESTIONS
1. Chapter 1: Introduction to Busi- Chapter 1: Introduction to Business Law
ness Law

2. Relevant areas of business law 1. Agency law
applicable to human recourse 2. Contracts
management involve (4): 3. Employment and labor laws
4. Employment discrimination

3. This type of law regulates dis- Private law
putes between private individu-
als or groups.
(Ex: dispute between landlord
and tenant governed by private
law).

4. This type of law regulates dis- Public law
putes between private individu-
als and government.
(Ex: dumping in violation of
state or federal environmental
laws).

5. This type of law delineates the Civil law
rights and responsibilities im-
plied in relationship between
persons, or between person
and their government.

6. This type of law regulates inci- Criminal law
dents in which someone com-
mits an act against the public as
a whole, such as by conducting
insider trading on the stock ex-


, BUL 4421-Midterm FAU Gendler
Study online at https://quizlet.com/_3sepr5

change.
- Government is plaintiff

7. Put these laws in order of Hier- - U.S. Constitutions
archy of Laws: States Statutes, - Federal Statutes
U.S. Constitutions, Common - State Constitution
Law, state constitution, and Fed- - State Statutes
eral Statutes - Common Law

8. Collection of legal interpreta- Common Law (aka Case Law)
tions made by judges, and are
law unless revoked by new
statutory law.

9. Past decisions in similar cases Precedent
that guide later decisions there-
by providing greater stability
and predictability to the law.

10. A principle stating that rulings Stare Decisis
made in higher courts are bind-
ing precedent for lower courts.
Latin for "standing by the deci-
sion."

11. 1. Summaries of common law Restatements of the Law
rules in a particular area of the
law that have been enacted in
most states.
2. They do not carry the weight
of the law but guide interpreta-
tions of certain principles.



, BUL 4421-Midterm FAU Gendler
Study online at https://quizlet.com/_3sepr5

12. Certain habits of mind and spe- Schools of Jurisprudence
cific beliefs about human na-
ture. Beliefs are deeply rooted
within a person's emotions and
habits, and thus they are sure to
guide one's opinions and deci-
sions. Such beliefs may be com-
monly held and create much
larger schools of thought thus
they are more common guides
to legal interpretation.

13. Name the (5) Schools of Ju- 1. Cost benefit analysis
risprudence: *CH*i*LL*i*N* 2. Historical School
3. Legal Positivism
4. Legal Realism
5. Natural Law

14. The school of jurisprudence Natural Law
that recognizes the existence of
higher law, or law that is morally
superior to human laws.

15. The school of jurisprudence Legal Positivism
which holds that because so-
ciety requires authority, a le-
gal and authoritative hierarchy
should exist. When a law is
made, therefore, *obedience is
expected because authority cre-
ated it.*
1. Must abide by duly autho-



, BUL 4421-Midterm FAU Gendler
Study online at https://quizlet.com/_3sepr5

rized law
2. Law is distinct from morality
3. Moral questions about the
law should not interfere with
our inclination to obey it.
4. A judge may write that she is
deciding to enforce the law in
question but that her decision
does not necessarily mean she
sees the law as the morally cor-
rect rule.

16. A school of jurisdiction that: Historical School (aka tradition or custom)
1. Follows tradition or custom to
shape the law
2. Is closely linked with the doc-
trine of stare decisis
3. We assume past practice was
the product of careful thought.

17. Judges who follow this school of Legal Realism
thought are more likely to de-
part from past court decisions
to account for the fact that our
*society is constantly shifting
and evolving.*
1. Judges should consider more
than just the law
2. Judges should consider fac-
tors such as social and econom-
ic conditions

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Institution
BUL 4421
Course
BUL 4421

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