LAW AND BUSINESS EXAM 1,
WELKER, USF, BUL 3320 QUESTIONS
AND ANSWERS
Natural Law - Correct Answers -School of Jurisprudential Thought: Postulates that law
is based on what is "correct". It emphasizes a moral theory of law-- that is, law should
be based on morality and ethics.
Historical - Correct Answers -School of Jurisprudential Thought: Believes that law is an
aggregate of social traditions and customs.
Analytical - Correct Answers -School of Jurisprudential Thought: Maintains that law is
shaped by logic.
Sociological - Correct Answers -School of Jurisprudential Thought: Asserts that the law
is a means of achieving and advancing certain sociological goals.
Command - Correct Answers -School of Jurisprudential Thought: Believes that the law
is a set of rules developed, communicated, and enforced by the ruling party.
Critical Legal Studies - Correct Answers -School of Jurisprudential Thought: Maintains
that legal rules are unnecessary and that legal disputes should be solved by applying
arbitrary rules based on fairness.
Law and Economics - Correct Answers -School of Jurisprudential Thought: Believes
that promoting market efficiency should be the central concern of legal decision making.
Law Courts - Correct Answers -When a uniform set of laws first started to appear in
courts, these were where judges would administer the law in a uniform matter. Law at
this time tended to emphasize the form (legal procedure) over the substance (merit) of a
case.
, Chancery (Equity) Courts - Correct Answers -This type of court was established
because of some unfair results stemming from the original type of court. Here they
would prefer the substance (merit) of the case over the form (legal procedure).
Merchant Courts - Correct Answers -Based on common trade practices and usage,
these courts were developed to settle disputes between traders, and was eventually
absorbed into the regular court system of England.
English Common Law - Correct Answers -A system of laws developed by judges who
issued their opinions when deciding a case and that changed America and made
consequences uniform across the country.
Embezzlement - Correct Answers -The fraudulent conversion of property by a person to
whom that property was entrusted.
Extortion - Correct Answers -A threat to expose something about another person unless
that other person gives money or property. (AKA: blackmail)
RICO - Correct Answers -A federal act that provides for both criminal and civil penalties
for racketeering.
Treaties - Correct Answers -With 2/3 of the senate's support, the U.S constitution states
we can enter into this compact between two or more nations.
Stare Decisis - Correct Answers -Latin for "to stand by the decision". Adherence to
precedent.
President - Correct Answers -Can sign a bill into a law, if this person waits 10 days a bill
will automatically become a law, if this person vetoes congress can overturn with 2/3
support.
Civil Law - Correct Answers -Legal System: The civil code and parliamentary statutes
that expand and interpret it are the sole sources of the law, thus the adjudication of a
case is simply the application of the code or the statutes to a particular set of facts.
Lawrence Kohlberg - Correct Answers -Who created the stages of moral development
that track how you determine right from wrong as you age (Pre-Post Conventional)?
Moral Philosophy - Correct Answers -Principles, rules, and values people use in
deciding what is right or wrong.
Moral Psychology - Correct Answers -The study of the way humans think about
morality, make moral judgments, and behave in morally relevant situations.
Utilitarianism - Correct Answers -A moral theory which dictates that people must choose
the action or follow the rule that provides the greatest good to society.
WELKER, USF, BUL 3320 QUESTIONS
AND ANSWERS
Natural Law - Correct Answers -School of Jurisprudential Thought: Postulates that law
is based on what is "correct". It emphasizes a moral theory of law-- that is, law should
be based on morality and ethics.
Historical - Correct Answers -School of Jurisprudential Thought: Believes that law is an
aggregate of social traditions and customs.
Analytical - Correct Answers -School of Jurisprudential Thought: Maintains that law is
shaped by logic.
Sociological - Correct Answers -School of Jurisprudential Thought: Asserts that the law
is a means of achieving and advancing certain sociological goals.
Command - Correct Answers -School of Jurisprudential Thought: Believes that the law
is a set of rules developed, communicated, and enforced by the ruling party.
Critical Legal Studies - Correct Answers -School of Jurisprudential Thought: Maintains
that legal rules are unnecessary and that legal disputes should be solved by applying
arbitrary rules based on fairness.
Law and Economics - Correct Answers -School of Jurisprudential Thought: Believes
that promoting market efficiency should be the central concern of legal decision making.
Law Courts - Correct Answers -When a uniform set of laws first started to appear in
courts, these were where judges would administer the law in a uniform matter. Law at
this time tended to emphasize the form (legal procedure) over the substance (merit) of a
case.
, Chancery (Equity) Courts - Correct Answers -This type of court was established
because of some unfair results stemming from the original type of court. Here they
would prefer the substance (merit) of the case over the form (legal procedure).
Merchant Courts - Correct Answers -Based on common trade practices and usage,
these courts were developed to settle disputes between traders, and was eventually
absorbed into the regular court system of England.
English Common Law - Correct Answers -A system of laws developed by judges who
issued their opinions when deciding a case and that changed America and made
consequences uniform across the country.
Embezzlement - Correct Answers -The fraudulent conversion of property by a person to
whom that property was entrusted.
Extortion - Correct Answers -A threat to expose something about another person unless
that other person gives money or property. (AKA: blackmail)
RICO - Correct Answers -A federal act that provides for both criminal and civil penalties
for racketeering.
Treaties - Correct Answers -With 2/3 of the senate's support, the U.S constitution states
we can enter into this compact between two or more nations.
Stare Decisis - Correct Answers -Latin for "to stand by the decision". Adherence to
precedent.
President - Correct Answers -Can sign a bill into a law, if this person waits 10 days a bill
will automatically become a law, if this person vetoes congress can overturn with 2/3
support.
Civil Law - Correct Answers -Legal System: The civil code and parliamentary statutes
that expand and interpret it are the sole sources of the law, thus the adjudication of a
case is simply the application of the code or the statutes to a particular set of facts.
Lawrence Kohlberg - Correct Answers -Who created the stages of moral development
that track how you determine right from wrong as you age (Pre-Post Conventional)?
Moral Philosophy - Correct Answers -Principles, rules, and values people use in
deciding what is right or wrong.
Moral Psychology - Correct Answers -The study of the way humans think about
morality, make moral judgments, and behave in morally relevant situations.
Utilitarianism - Correct Answers -A moral theory which dictates that people must choose
the action or follow the rule that provides the greatest good to society.
