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LEGL 2700 Roessing Test 1 – Questions With Fully Detailed Solutions

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LEGL 2700 Roessing Test 1 – Questions With Fully Detailed Solutions

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Practice questions for this set


Learn 1 /7 Study with Learn




How the law works



Choose an answer



1 Procedural Law 2 JPMorgan and Chase



3 Regulatory Law 4 Property



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Terms in this set (158)


During the housing crisis in 2010, JPMorgan and Chase
didn't let their shareholders in on information that may
JPMorgan and Chase
have impacted their stock decisions. They settled a wide
array of cases costing more than $20 billion.

Brings people together.
Stated by state and backed up by enforcement.
Law
Made up of rules.
Written ad Accessable

, Hammurabi's Code The first written set of laws

Rule of Law Laws that apply to everyone equally

A legal fence that keeps others our without your
Property
permission

Private Property
Ownership Fences Public Property
Common Property

Private Property Owned by an individual

Public Property Owned by the government

Common Property Owned by more than one person jointly

Contract Law Enables owner to exchange resources

Protects and compensates owner when their resources
Tort Law
are wrongfully harmed by the actions of others

How to convict the accused people for their wrong
Criminal Law
doings

Regulatory Law Protects ownership and sets private resource limitations

Forbids owners fro monopolizing resources and sets
Antitrust Law rules for how businesses can compete to acquire
ownership of new resources

Involves the interpretation and application of either the
Constitutional Law
federal or state constitutions

Philosophy of law:
-Natural Law
Jurisprudence and its -Positive Law
schools -Historical School
-Sociological Jurisprudence
-Legal realism

Natural Law Contains the universally moral principles

Law is simply the commands of the state backed up by
Positive Law
force and punishments

Emphasizes that contemporary law should focus on
Historical School legal principles that have withstood the test of time in a
nation

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