WGU C713 (C713)

the tendency to decide current rulings based on previous cases, only binding in lower courts - precedent judge made law, often created through many precedents - common law gives the right to interpret laws and determine their validity - judicial power legislature to become a law - statutes bill (congress), simple majority in house and senate -> president (veto power) -> 2/3 in house and senate -> statute - laws order to stop doing something - injunction most government agencies ar...

buyer invests money in a common enterprise and expects profit from others work - Security Government securities, bank securities, short term notes, non profit issues, insurance policy, annuity contracts - Exempt Securities Federal agency that enforces securities laws. - SEC (Securities and Exchange Commission) Bring cease and desist order against those who violate the law and can levy fines or confiscate profits from illegal transactions. - Functions of SEC Criminal action for SEC violat...

the tendency to decide current rulings based on previous cases, only binding in lower courts - precedent judge made law, often created through many precedents - common law gives the right to interpret laws and determine their validity - judicial power legislature to become a law - statutes bill (congress), simple majority in house and senate -> president (veto power) -> 2/3 in house and senate -> statute - laws order to stop doing something - injunction most government agencies ar...

buyer invests money in a common enterprise and expects profit from others work - Security Government securities, bank securities, short term notes, non profit issues, insurance policy, annuity contracts - Exempt Securities Federal agency that enforces securities laws. - SEC (Securities and Exchange Commission) Bring cease and desist order against those who violate the law and can levy fines or confiscate profits from illegal transactions. - Functions of SEC Criminal action for SEC violat...

WGU C713 PRE-ASSESSMENT: BUSINESS LAW PKYO 70 QUESTIONS AND ANSWERS 2024/2025 WITH COMPLETE SOLUTION WGU C713 PRE-ASSESSMENT: BUSINESS LAW PKYO 70 QUESTIONS AND ANSWERS 2024/2025 WITH COMPLETE SOLUTION

What is the principal source of stare decisis and precedent? A) Constitutional Law B) Administrative Law C) Statutory Law D) Common Law - Common Law A rent-to-own store offered for sale a sofa that was manufactured in a foreign county. The store intentionally represented that the sofa was made from leather, but in reality it was made from vinyl. A consumer used a credit card to purchase the sofa and hopes the Federal Trade Commission regulations can help resolve the dispute. How would t...

What purpose does the law serve in our society? - To resolve conflicts in our society without the use of violence. What are the three branches of government? - Executive, Legislative, and Judicial What is Statutory Law? - Law that is created by a legislative body, known as congress, at the federal Level. What is common Law? - Is Judge-Made Law. It is law that comes from previous Judge rulings in similar cases. What is administrative Law? - A branch of law that governs the creation and ope...

A federal trial court judge is deciding a case based on constitutional law. The judge finds a past appellate case that is very similar to the current case and decides to follow the ruling established by the prior court. Which legal concept describes why this decision is binding on future cases? - Stare decisis What is an example of the concept of precedent? - A case that a lower trial court identifies as resolving a similar issue An employee leaves the company office and is injured by a fa...