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Exam (elaborations)

Business Law Final Exam – 100+ Questions on Contracts, Torts, Jurisdiction, Constitution – Baylor University

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This document contains comprehensive final exam questions and fully solved answers from the Business Law course at Baylor University for the academic year 2025/2026. Covering over 100 questions, it offers an in-depth review of foundational legal concepts relevant to business, making it a valuable resource for both exam preparation and long-term understanding of legal principles applied in commercial contexts. Key topics include the functions and classifications of law (such as public vs. private, criminal vs. civil, substantive vs. procedural), the U.S. court system, jurisdiction rules (subject matter, personal, in rem, and quasi in rem), and legal procedures including pleadings, discovery, pre-trial motions, and alternative dispute resolution methods like arbitration and mediation. It also provides detailed explanations of: Constitutional law principles like federalism, separation of powers, commerce clause, and due process Criminal law (actus reus, mens rea, white-collar crimes) Tort law, including intentional torts, negligence, strict liability, and product liability Contract law, from formation and enforceability (offer, acceptance, consideration, capacity, legality) to defenses (fraud, duress, misrepresentation), types of contracts (unilateral, bilateral, voidable, quasi-contract), and performance and remedies UCC applications and contract rules specific to the sale of goods This exam preparation guide is ideal for: Business and Finance students Pre-law undergraduates MBA candidates taking business law Entrepreneurship and management majors Anyone preparing for exams involving commercial and constitutional law Every question is paired with a clear and verified answer, making this document not just a review sheet, but a complete legal study aid for mastering business law at the university level. Keywords: functions of law, substantive law, procedural law, jurisdiction, federal vs state courts, tort law, criminal law, contract elements, offer and acceptance, UCC, consideration, fraud, negligence, strict liability, arbitration, due process, equal protection, commerce clause, business law exam, Baylor University

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Uploaded on
October 11, 2025
Number of pages
20
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

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Business Law Baylor- Martha Agee –
Final 2025/2026 Exam Questions and
Answers | 100% Solved



What are the functions of law - 🧠 ANSWER ✔✔to resolve disputes, protect

property, preserve the state (government)


Substantive law - 🧠 ANSWER ✔✔creates, defines, and regulates legal

rights and duties


Procedural law (process) - 🧠 ANSWER ✔✔sets forth rules of enforcing

those rights that are created by the substantive laws


Public law - 🧠 ANSWER ✔✔laws that deal with the government's rights and

powers and it relationship to individuals or groups


Private law - 🧠 ANSWER ✔✔part of substantive law governing individuals

and legal entities (such as corporations) in their relationship with one

another

,Civil law (private) - 🧠 ANSWER ✔✔defendant must be proved guilty with

the preponderance of the evidence


Criminal law (public) - 🧠 ANSWER ✔✔defendant must be proved guilty

beyond reasonable doubt


Judicial review - 🧠 ANSWER ✔✔Allows the court to determine the

constitutionality of laws


stare decisis - 🧠 ANSWER ✔✔"let the decision stand"


equitable remedies - 🧠 ANSWER ✔✔Injunctions, precision, restitution, and

any other relief which the court deems proper


restatement of law - 🧠 ANSWER ✔✔summaries of the common law; covers

many areas; it is persuasive but not binding on courts


Legislative law - 🧠 ANSWER ✔✔Law created by lawmaking bodies such as

Congress and state assemblies. Also called statutory law.


Uniform laws - 🧠 ANSWER ✔✔state statutes that have been passed to

promote uniformity in some areas of the law. EX: UCC

, Administrative law - 🧠 ANSWER ✔✔Branch of public law, governs powers

and procedures of governmental entities. Law is created by administrative

agencies in forms of rules, regulations and order


Case citation - 🧠 ANSWER ✔✔Name of plaintiff and defendant, volume and

page of reporter, and year of decision


Court system order - 🧠 ANSWER ✔✔(District) Trial courts -> Courts of

Appeals -> Supreme court


Inferior courts - 🧠 ANSWER ✔✔Municipal, justice of the peace, small

claims


Special Courts - 🧠 ANSWER ✔✔US court of claims, US bankruptcy court,

US Tax court. Usually have exclusive federal jurisdiction for particular type

of case


Subject matter Jurisdiction - 🧠 ANSWER ✔✔"will the case be tried in

federal or state court?"


Jurisdiction over parties - 🧠 ANSWER ✔✔"will the judgement of the court

be binding on the parties?"




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