BLAW 341 PSU EXAM 1 – GRIEVES
QUESTIONS WITH VERIFIED
ANSWERS. A+ GRADE 2025/2026.
Analyzing Cases - FIRAC Method - ANS 1. find FACTS of the case
2. look for the legal ISSUES
3. decide which RULE of law applies
4. use the rule and APPLY it to the case
5. CONCLUDE your findings
Law - ANS a set of enforceable rules that regulates the conduct of individuals, businesses and
other organizations within society
How does the law serve society? - ANS - keeps the peace (prevents conflict)
- create a set of rules people can refer to
- gives protected property rights
Liability - ANS The state of being legally responsible (liable) for something, such as a debt or
obligation.
Businesses must think about... - ANS - risk of loss
- many different laws affect a single business transaction
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
,legal concepts are useful for business persons in the following fields: - ANS - corporate
management
- production and transportation
- marketing
- Research and development
- Accounting and finance
- Human resource management
2 major sources of American Law - ANS - Primary source
- Secondary source
Primary source - ANS a document that establishes the law on a particular issue; follow
primary source first before moving on to secondary source
Example of Primary Sources - ANS - US Constitution and constitutions of various states
- Statutory law
- Administrative law
- Case law
U.S. Constitution and constitutions of various states - ANS - creates the structure that all
other law is based upon; if a law conflicts with the Constitution, the Constitution always wins
- state constitutions can ADD more protections to US Constitution, but cannot conflict with it
Statutory Law - ANS laws passed by US Congress, state legislatures, and local governing
bodies
Administrative Law - ANS - regulations created by administrative agencies (ex. SEC, IRS, FDA)
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, Case Law pt 1 - ANS - court decisions
- in civil law countries (France, China, Italy) this type of primary source does not exist; courts do
not produce primary sources
Secondary source - ANS a publication that summarizes or interprets the law, such as legal
encyclopedia, a legal treatise, or and article in a law review
Case Law - ANS - Case law consists of judicial interpretations of constitutional provisions,
statutes and administrative regulations.
- doctrines and principles announced in cases - governs all areas NOT covered by statutory law
or administrative law.
- Case law is part of the common law tradition.
Common Law tradition - ANS Early English courts
- kings courts started after Norman conquest of 1066
- Established the common law- body of general legal principles applied throughout the English
Empire
- Kings court used precedent to build the common law
As legislatures continue to enact laws today... - ANS we begin to "erase" or update the
common laws regarding the same decision. If legislation is passed it wins over common law.
Stare Decisis - ANS "to stand on decided cases" (if there is a precedent, the courts follow that
precedent)
Judges are obligated to follow the precedent within their jurisdicitions - ANS - a higher courts
decision based on certain facts and law, is a binding authority on lower courts
- courts may depart from the rule of precedents
Stare Decisis helps courts... - ANS stay efficient and makes the law more stable, predictable,
and durable
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
QUESTIONS WITH VERIFIED
ANSWERS. A+ GRADE 2025/2026.
Analyzing Cases - FIRAC Method - ANS 1. find FACTS of the case
2. look for the legal ISSUES
3. decide which RULE of law applies
4. use the rule and APPLY it to the case
5. CONCLUDE your findings
Law - ANS a set of enforceable rules that regulates the conduct of individuals, businesses and
other organizations within society
How does the law serve society? - ANS - keeps the peace (prevents conflict)
- create a set of rules people can refer to
- gives protected property rights
Liability - ANS The state of being legally responsible (liable) for something, such as a debt or
obligation.
Businesses must think about... - ANS - risk of loss
- many different laws affect a single business transaction
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
,legal concepts are useful for business persons in the following fields: - ANS - corporate
management
- production and transportation
- marketing
- Research and development
- Accounting and finance
- Human resource management
2 major sources of American Law - ANS - Primary source
- Secondary source
Primary source - ANS a document that establishes the law on a particular issue; follow
primary source first before moving on to secondary source
Example of Primary Sources - ANS - US Constitution and constitutions of various states
- Statutory law
- Administrative law
- Case law
U.S. Constitution and constitutions of various states - ANS - creates the structure that all
other law is based upon; if a law conflicts with the Constitution, the Constitution always wins
- state constitutions can ADD more protections to US Constitution, but cannot conflict with it
Statutory Law - ANS laws passed by US Congress, state legislatures, and local governing
bodies
Administrative Law - ANS - regulations created by administrative agencies (ex. SEC, IRS, FDA)
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, Case Law pt 1 - ANS - court decisions
- in civil law countries (France, China, Italy) this type of primary source does not exist; courts do
not produce primary sources
Secondary source - ANS a publication that summarizes or interprets the law, such as legal
encyclopedia, a legal treatise, or and article in a law review
Case Law - ANS - Case law consists of judicial interpretations of constitutional provisions,
statutes and administrative regulations.
- doctrines and principles announced in cases - governs all areas NOT covered by statutory law
or administrative law.
- Case law is part of the common law tradition.
Common Law tradition - ANS Early English courts
- kings courts started after Norman conquest of 1066
- Established the common law- body of general legal principles applied throughout the English
Empire
- Kings court used precedent to build the common law
As legislatures continue to enact laws today... - ANS we begin to "erase" or update the
common laws regarding the same decision. If legislation is passed it wins over common law.
Stare Decisis - ANS "to stand on decided cases" (if there is a precedent, the courts follow that
precedent)
Judges are obligated to follow the precedent within their jurisdicitions - ANS - a higher courts
decision based on certain facts and law, is a binding authority on lower courts
- courts may depart from the rule of precedents
Stare Decisis helps courts... - ANS stay efficient and makes the law more stable, predictable,
and durable
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
